Sunday 24 July 2016
 
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Mideast M&A steady in Q2 despite global decline

The Middle East M&A activity remained steady during the second quarter (Q2) of 2016, despite a drop of 33 per cent drop in global cross-border deals compared to the same period of 2015, a report said. The Middle East also saw an increase in both inbound and outbound cross-reg

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Turkish president gains upper hand in power struggle

At the crossroads between a divided Europe and a convulsed Middle East, Turkey is caught in a power struggle between former Islamist allies which is shaking democratic institutions and raises questions about its future path. Since a failed coup on July 15, the ruling Justice and

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'Mission Impossible': Tight Brexit timeline unsettles Germans

German Chancellor Angela Merkel and fellow European leaders are pressing the new British government to trigger divorce proceedings with the European Union as soon as possible. But behind the scenes, senior German officials who spoke to Reuters on condition of anonymity due to the

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Bahrain's foreign ownership move to boost property sector

The recent decision by the Bahraini government to allow foreigner investors 100 per cent ownership in various sectors of the market is likely to have a positive long term impact on the kingdom’s property markets, according to leading international real estate consultants, Cluttons.

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Middle East M&A transactions down 29pc

The value of announced mergers & acquisitions (M&A) transactions with any Middle Eastern involvement reached $18.7 billion during the first half of 2016, a decline of 29 per cent compared to the first half of 2015, according to a report. The value of announced mergers &am

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Emerging market debt triples since 2005, posing threat

Developing countries have nearly tripled their external debt over the past decade, outpacing economic growth and increases in foreign exchange reserves - which could leave them open in the future to a "systemic crisis", ratings agency Moody's said on Thursday. Emerg

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Europe's eyes on Merkel to rebuild EU after Brexit vote

When the chips are down in Europe, everyone turns to Angela Merkel for a solution. But the German chancellor often sits on her hands until the last minute, then does the minimum necessary to keep the show on the road. Since last month's shock British referendum vote to leave

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Japan-based loan adds to Qatar banks' borrowing spree

A $166 million international loan to Commercial Bank of Qatar (CBQ) is part of a rapid increase in foreign debt at Qatari banks as they raise money to operate in an era of cheap oil. After a decade in which they comfortably financed themselves from domestic sources, banks and oth

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Exodus of professional workers reshaping Qatar

Five years ago Samer Habib left the United Arab Emirates and moved to Qatar where he opened a restaurant that turned a profit serving Lebanese salads and sandwiches to expats. In June, the business folded. The European lawyers and Indian clerks who for years freque

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GCC must adopt new strategies to handle fiscal crisis

While every GCC government has announced spending cuts to conserve budgets, conventional cost-cutting is only a short-term fix and could potentially slow a country’s growth over time, according to a recent study by management consultancy Strategy&, formerly Booz & Company.

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