Smothered in bad debt and shut out of the global system by sanctions, Iranian banks badly need to resume business with foreign lenders.
Analysts and diplomats in the Middle East described King Salman’s decision to skip the meeting at Camp David this week as a snub.
The rapprochement between two of the Middle East’s biggest powers already appears to be paying dividends in Syria.
Dto Gulf airlines really get unfair assistance from their governments, or are US carriers looking to stifle the competition?
Figures from Asia’s top three importers show that the Kingdom is more or less holding its ground in market share, writes Reuters’ columnist Clyde Russell.
The emirate’s real estate is expected to stabilise this year, but the negative impact of lower oil prices could be felt in the longer term.
Many barriers such as strict foreign ownership limits, rules for settling traders and its long way into MSCI index are some of the factors curbing a flood of foreign money.
CBRE Middle East’s Associate Director Phil Rist talks about the impact of oil price volatility on Middle East’s hotels.
Banks are demanding tougher terms such as more collateral, stricter documentation and shorter tenors.
Energy sharing is an idea whose time has come, but subsidy removal is an idea that should have been implemented years ago.
Yemenis warn that the longer the fighting lasts, the harder it will be to restore meaningful state control.
DIFC’s new Wills and Probate Registry gives non-muslims certainty in inheritance matters.
Both the DFM and ADX say they are in talks to attract market makers.
Riyadh now faces a test of its diplomatic skills in trying to arrange talks among Yemen’s fractious elites.
Top brands such as Prada and LVMH’s Christian Dior still baulk at the idea of selling clothing online.
Dubai is planning to be a centre for an “Islamic economy” with sharia-compliant businesses ranging from banking , trade, food preparation, fashion, education and tourism.
There were zero orders placed by commercial airlines for new Boeing 747s or Airbus A380s last year.
The emirate’s new 21 million sqft design district is set to include galleries, studios, workshops, boutique stores and museums, plus office and residential space.
Obama said last week that the greatest security threat for the Sunni Gulf was not Iran but poor governance and extremism at home.
The recent drop in oil prices will not negatively impact the GCC’s renewable energy projects, affirm experts.
Failure to finalise the deal would generate levels of public dismay that could hurt authorities, say experts.
Retail banking rules, bad loan worries and property sector weakness are some other factors that could impact the profitability of the lenders.
Joining the Saudi-led coalition could inflame a sectarian conflict in Pakistan, where around a fifth of the population is Shi’ite.
Arab leaders have been alarmed by Tehran’s drive to expand its influence and tighten its grip through allied forces and militias on Arab states.
One area of uncertainty is the minimum size of land to be taxed, and whether the tax will apply only to completely undeveloped land.
With oil prices down sharply from June 2014 levels, and economic growth lagging, lending in the UAE is anticipated to slow in 2015.
With swelling advertising budgets and projects such as the Dubai Design District, the emirate is pitching its creative credentials.
Uncomfortably close to the 2018 completion date, the GCC rail project is swamped by delays and challenges.
The government has not disclosed details of the scale and cost of the Saudi-led air strikes in Yemen, but Saudi-owned Al Arabiya television reported 100 Saudi planes were participating.
Saudi-led coalition warplanes struck military targets at airports in the capital Sanaa and in Hodeida, the main Red Sea port.