Tuesday 2 September 2014

10pc Arab CEOs use private jets for leisure travel

Nearly 10 per cent of chief executive officers (CEOs) in the Arab world use private jets for leisure travel, compared to 30 per cent in the US, according to Private Jet Charter, a leading independent private jet charter consultant. It pointed out that the use of corporate jets is


Basel III deposit challenge looms over Islamic banks

As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits. In most ways, Islamic banks look well-placed to cope with Basel III, which w


Saudi economy positioned for a cyclical rebound

Saudi Arabia’s economy will start gathering pace from the second half of the year, as the non-oil economy adjusts to the labour market initiatives and base effects turn favourable in 2015, a report said. The Saudi economy appears to have weathered reasonably well the impact


GCC ports serving range of strategic interests

The Gulf’s oil bonanza and resulting economic windfall has in recent years placed unprecedented burden on the region’s transport infrastructure, impacting its ability to trade efficiently with the outside world, writes Simon Hallett in an article in The Gulf, our sister publication.


Saudi stocks 'richly valued but still attractive'

Middle East funds are bullish on Saudi Arabia's stock market despite concern it is getting richly valued, while they think the United Arab Emirates has bottomed out after a volatile few months, a Reuters survey showed. The Saudi stock market index has jumped 13 per cent since


As aluminium market shifts to deficit, all eyes on China

For the world's hard-pressed aluminium producers the current outlook is the rosiest in many years. Russian giant UC Rusal, for example, has just returned to profit for the first time in five consecutive quarters. That's largely thanks to the combination of


Islamic State presents new test for Jordan

He had a good job and a loving family, but it wasn't enough for a 25-year old Jordanian who abandoned his life of privilege in Amman to join the Islamic State group that has seized swathes of neighbouring Iraq and Syria. Handsome, courteous and highly regarded in his professi


Tadawul opening to foreign investors ‘a key milestone’

The Saudi Arabian index is the region’s most diverse capital market due to its size and maturity, and has been gearing up to welcome foreign investors for sometime now, said a report. Although foreign investors have been able to access the Saudi Stock Exchange (Tadawul) thr


Iraq, Syria pose Saudi dilemma: failed states or Iran proxies

With militant Islamists gaining the upper hand in Syria's rebel movement and grabbing big tracts of Western Iraq, Saudi Arabia faces a dilemma. Saudi Arabia has long seen the conflicts in Iraq and Syria as a pivotal battle for the future of the Middle East, pitting Sunni Musl


Discounts battle on the high seas hurting carriers

The ocean freight industry has been suffering for years from immense competitive pressure, partially due to ruinous price battles caused by rising overcapacities, a report said, adding the prices for containers on certain routes have even occasionally fallen below the providers' cost level.

 1 2 > 

calendarCalendar of Events