A string of economic reforms and steps to open up financial markets have created more opportunities for private firms.
Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Resorts brand in the international market.
A sustained oil price decline of $25 reduces the revenue of most GCC countries by the equivalent of about eight percentage points of gross domestic product, and could therefore push many of them into fiscal deficits.
Gulf carriers, looking for routes on which to deploy their fast-growing fleets, have spotted a shortage of long-haul flights and have expanded into Italy.
The private equity firm has been in exclusive talks for months to buy a controlling holding in the restaurant group.
Currently, around 25 per cent of the firm’s funds come from Asia and the Middle East.
The moves were part of a gradual tightening of EU sanctions against the government of Syrian President Bashar al-Assad.
EY ranked first in terms of the volume of published material while Deloitte produced almost a third of consulting thought leadership material, a new report finds.
Dubai’s index, which was up as much as 2.5 per cent early in the session, fell 0.4 per cent by mid-day as the pan-European FTSEurofirst 300 index edged down 0.6 per cent.
Worries about weak earnings report on growth and business had sent Middle East bourses tumbling, with Dubai’s index down 13.6 per cent last week
However, majority of regional firms struggling to attract and retain skilled talent, finds Towers Watson study.
In March, Arabtec said it would build one million homes in Egypt in a $40 billion project backed by the Egyptian and UAE governments.
Khoury founded the Consolidated Contractors Company (CCC), one of the region’s biggest construction firms.
Brent crude oil sank to a four-year low below $83 a barrel last week because of ample supply and the prospect of a weak global economy.
Political stability has returned to Egypt under President Abdel Fattah Al-Sisi but it yet to be seen if the former Army man be able to command its faltering economy back to life.
Middle Eastern investors are causing a marked shift in London’s prime property market.
Prices above $100 are unsustainable because they lead to too much new supply and too much demand destruction, writes Reuters columnist John Kemp.
Globally, passenger numbers are expected to reach 7.3 billion by 2034, representing a 4.1 per cent average annual growth.
The joint naval force will work towards protecting the Gulf’s commercial routes while cooperating with other international security forces to combat terrorism.
Dubai’s index fell 2.7 per cent to 4,370 points as a broad sell-off continued.
Under the transaction, GEMS will be split into two entities, with the investing group buying a stake in the part of the business focussed on MENA and Asia.
The Note 4, priced at Dhs2,799, will be available from October 16, while the Note Edge will be launched later as a limited edition product.
Saudi Arabia, Bahrain and the UAE recalled their ambassadors to Qatar in March, accusing Doha of failing to abide by an accord not to interfere in each other’s internal affairs.
With new leisure attractions coming up in the region, hoteliers must target the theme park hotels sector, says Colliers.
Strikes destroyed a machine gun firing position, a militant unit, damaged a staging location and several buildings.
Khaled Bahah’s appointment is expected to help ease a political crisis triggered by the Houthis’ capture of Sanaa last month.
The motion due for debate in Britain’s lower house of parliament will ask parliamentarians whether they believe the government should recognise the state of Palestine.
Among countries offering reconstruction aid for Gaza, Qatar offered $1 billion, Kuwait and UAE promised $200 million each and Turkey pledged $200 million.
The Japanese electronics company aims to grow its overall business in MEA to over $1 billion.