Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.
In contrast to other GCC nations, Oman’s banking sector is small but well performing with Islamic banking rising in prominence.
Secretive company managements, poor disclosure mechanisms and patchy enforcement of disclosure rules mean information is scarce in Gulf markets.
Isam al-Sager was appointed as the new group CEO of National Bank of Kuwait (NBK) earlier this week.
Three of the country’s oil refineries shut down late last month because of power failures.
Spending at the current rate could outpace Kuwait’s revenues as early as 2017-18, the International Monetary Fund has warned.
Completely accident-proof cars are still a far-away dream, writes Sarwant Singh, senior partner and head of Visionary Innovation Group, Frost & Sullivan.
Waad al-Shimal, a joint venture between Maaden, SABIC and US phosphate and potash producer Mosaic, is a massive new project coming up in the far north of Saudi.
Kuwait’s central bank governor has called for an independent legal entity to oversee Islamic financial institutions.
The revision was mainly driven by Fitch’s concern about regulatory uncertainty in Bahrain, it said.
Major mall developers are targeting Sharjah’s retail sector as demand surges.
A villa in Palm Jumeirah and an apartment in Dubai Marina can be yours for $7 million, according to Knight Frank.
With rivals such as Samsung promoting themselves heavily in the country, the US giant may have to step up its presence.
Rapidly growing populations and rising incomes will drive an enormous rise in car use and…
Can Iraq’s oil prospects offset foreign investor’s security concerns?
Future expansion of healthcare facilities will also be driven by Saudi’s growing young population and the high incidence of lifestyle-related diseases.
Nearly one million foreign workers are estimated to have left Saudi Arabia between last March and November.
Diversification is key to earning better rewards and balancing market fluctuations.
Experts say that subsidies should be gradually removed to avoid sudden short-term economic shocks.
With a new leader at the helm and the emirate’s gas boom coming to an end, can Qatar maintain its economic and political momentum?
Knowledge of Arabic can provide job seekers with flexibility in the UAE’s competitive market but it will not trump skill and experience, experts say.
Projects in developed countries tend to be more expensive, but present fewer political problems and less risk.
Authorities are using arrests, raids and strict new laws against activists seeking political reform.
The Kingdom needs to arm its young graduates with on-the-job training and vocational education, experts say.
Offices with multiple ownership structures have higher than average vacancy rates.
Gulf markets are still around 15 to 50 per cent below the peaks reached before the financial crisis in 2008.
Oman was unusually assertive in opposing a Saudi plan for Gulf Arab states to close ranks against Iran.
But experts assure that the new law will not wipe out smaller insurance firms from the market.
A look at the GCC’s performance this year and expectations coming into 2014.
The ruling aims to encourage owners to renew existing leases rather than bring in new tenants at much higher rates, says expert.