HotStats MENA report highlights good month for UAE hotels and Jeddah whereas across the region the trading picture is mixed
European real estate investment from the Middle East reached nearly €10 billion ($13.7 billion) in 2013, finds CBRE report.
African countries are catching the eye of international investors as growth decelerates in India, China and Brazil.
There was no immediate claim of responsibility for the attack.
Dalya Al Muthanna is the first UAE national to take on the senior position.
The Gulf’s empires are facing an internal challenge: the need to pull together under one brand, writes Anthony Miles, a consultant at Bladonmore.
Saudi Arabia, the UAE and Bahrain have accused Qatar of disregarding an accord not to interfere in fellow Arab states’ internal affairs.
Khalid Elgibaly, formerly the chief executive of Standard Chartered in Pakistan, will take on the role.
EFG-Hermes said the one-off charges totalled 761 million pounds, including 616 million in the fourth quarter alone.
Survey finds that 47 per cent of the funds expect to raise their equity allocations to the Middle East over the next three months.
Sisi toppled Mohamed Mursi of the Muslim Brotherhood last July after mass protests against his rule and has emerged as an influential figure.
Saudi, the UAE and Bahrain recalled their ambassadors from Qatar three weeks ago, accusing it of interfering in fellow Arab states’ internal affairs.
The firm said last year that it planned to sell a minority stake in its regional operations as a part of a restructuring program to lift its valuation.
The company has given no details of the timing or size of the listing.
The gathering in Kuwait follows an unprecedented row among members of the GCC over Qatari support for Egypt’s Muslim Brotherhood, and a verbal spat between Iraq and Saudi Arabia.
The stake in Romatem is PineBridge’s second investment in Turkey and its third deal in the Middle East.
The company recently launched an Arabic football app and the Yahoo Fantasy Premier League in Arabic.
Branson was looking for potential Middle East investors for his $1.7 billion cruise ship project, according to media reports.
The declaration by Servcorp’s CEO was followed by the first public announcement confirming 120 day ‘hassle free’ business licenses will be made available in Dubai.
Iran and Syria are the main issues for discussion at the summit, scheduled to take place in Kuwait on March 25-26.
The U.S. has abandoned efforts to arrange a summit with Gulf Arab leaders due to divisions with the group of its regional allies, officials said.
Qatar’s Syria policy matters not only because Doha remains a generous backer of the opposition but also because its dispute with other funders.
Around 90 per cent of the GCC’s high net worth individuals are more focused on wealth generation than preservation.
London remained the favourite Western destination for regional real estate investors.
Oil and gas firms in the Middle East have an above-average approach to risk management compared to their global counterparts, a study says.
Receptionists, accountants and human resource professionals are the most sought after groups among the employers in the UAE.
Dubai firm Arabtec has signed a $40 billion deal to build one million homes in Egypt.
Despite the brotherhood’s taste for populist electoral politics, no other GCC member, apart from Saudi Arabia, has declared it a terrorist organisation.
A total of 3.45 million units were shipped to the region during the final quarter of 2013, according to IDC.
Telecom Egypt has been relying on its data business to boost revenue.