McLaren Readies For Middle East P1 Deliveries

The British car marker will deliver 10 per cent of its 375 hypercars to the region.

18% Of GCC Spending Five Hours A Day On Touch Devices

A study by Acer found that 50 per cent of children in the region own at least one touch enabled device.

S.Korea Signs $5.4bn Currency Swap Deal With UAE

The arrangement lets either country swap 5.8 trillion Korean won for 20 billion dirham, or vice versa.

De-icing And Electrical Issues Cause Fresh Dreamliner Woes

A San Diego-Tokyo flight operated by Japan Airlines returned to the US airport after anti-icing equipment failed.

Different Arab money

Malaysia, UAE Tie Up To Boost Economic Ties, Islamic Finance

The two financial hubs held a combined $181 billion in sharia-compliant banking assets as of 2011

India Sells Wheat To UAE, First Private Deal Since Late August

The UAE has purchased 30,000 tonnes of milling wheat from India.

Airbus CEO Dismisses Boeing’s 747-8 As “Dated”

The two titans of the aviation world are battling for the swiftly shrinking jumbo aircraft space.

Libyan PM Freed After Being Seized Over US Raid – Officials

Ali Zeidan was ‘kidnapped’ and held by militia for several hours on Thursday in Tripoli.

MENA IPO Values Down 45% In Q3 2013

The region’s sole IPO in the third quarter of the year raised $138 million, lower than the $252.3 million raised in Q3 2012.

Libyan Prime Minister Zeidan Kidnapped From Hotel By Gunmen

Zeidan, who was staying at a hotel in Tripoli, was forcibly taken by gunmen from a former rebel faction.

Etihad Signs Air Baltic Codeshare And Doubles Jakarta Flights

Etihad expanding east and north as Jakarta flights set to double at the end of October and Latvian trade links to be bolstered by airBaltic’s new flights from December

Etihad Launching Los Angeles Flights Next Summer

Abu Dhabi carrier will compete with Emirates for origin and destination and transfer traffic

Gulf States Ready To Invest In Egypt State Projects – Minister

Egypt’s cabinet has flagged a 120 billion Egyptian pound investment programme for this fiscal year.

Logistics Tariffs Stifling E-Commerce In The Middle East

Aramex warns high tariffs are holding back online retail business in the region.

Low-Cost Filipino Carrier Begins Dubai-Manila Services

The new service will offer the 500,000 Filipino expats in Dubai more travel options during peak periods.

Different Arab money

GCC Markets Grow Due To Economic Diversification

The UAE is expected to grow strongly owing to the recovery of sectors like financial services and construction.

Gold Edges Up As US Shutdown Drags On

The near-week long shutdown has raised fears that the Congress may struggle to raise the debt ceiling by October 17.

US Debt Default Could Affect GCC

A potential US government debt default could lead to dollar depreciation and reduced business confidence.

UAE Financial Heads Woo London’s City Bankers

Despite a lack of local knowledge, UAE financial heads are increasingly looking to recruit top tier talent from the UK.

Saudi Arabia Not Worried About U.S. Debt Limit

Most of Saudi central bank’s net foreign assets are believed to be denominated in U.S. dollars, and much of that amount is in the form of U.S. Treasury bonds.

Banking On Gulf Wealth: Private Banking Special Report

The region’s private wealth industry is enjoying accelerated growth, as nationals bring their cash home to roost and domestic riches grow.

Dr Nasser Saidi: Collective Healing

It’s time to set up an Arab bank for reconstruction and development, writes the founder and president of Nasser Saidi & Associates.

Private Banking Special: Arjuna Mahendran, Emirates NBD

Emirates NBD has lowered its bad debts forecasts and paid back Dhs7.8 billion of crisis-era funding to the Ministry of Finance.

Pearls For Profit: The UAE’s Pearling Industry

Dubai goes back to its roots and targets commodities traders with a local pearl auction.

Iran President’s Phone Call With Obama Stirs Hardline Suspicions

Rouhani, who took office in August, had the supreme leader’s approval for his move to build bridges with Washington.

Private Banking Special: Arnaud Leclercq, Lombard Odier

Lombard Odier plans to increase its assets in the Middle East to 20 per cent of its global business by the end of 2017.

UAE Records Highest M&A Deal Value In The Region

Deal value in the third quarter touched $19.1billion, up 99 per cent compared to the same period last year.

Private Banking Special: Pierre Masclet, Credit Agricole Suisse

Having roughly $54 billion assets under management, private banking contributes to around 70 per cent of the total group’s revenues.

Middle East Airlines’ Passenger Traffic Grows 15% In August

Strong loads for Ramadan, coupled with capacity expansion, kept the region in pole position.

UAE Bucks Trend In Cost Of Global Cybercrime

A report by Symantec has revealed the average cost of cybercrime per person has risen 50 per cent in the rest of the world.