Monday 21 April 2014
 
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CEO confidence soars in UAE

The confidence among CEOs in the UAE climbed 3.1 points to 70.6 in the last quarter of 2013, according to a sentiment index. The YPO Global Pulse sentiment index pointed out that it was at par with Saudi Arabia (71.8), and above t

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Job seeker numbers to jump to 95m by 2030

The number of job seekers in the Arab world is projected to soar to 95 million by 2030 from the current 55 million, said a report. Fighting unemployment, development of human capital and preparing administrative leaders have becom

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Zain soars on stake sale optimism

Kuwait's Zain climbed to a five-week high on Thursday on talk the telecom firm was closer to a $950 million sale of its stake in Zain Saudi , as regional bourses ended mixed amid uncertainty in global markets. Zain climbed to at its highes

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Jordan bank deposit soars to $28bn

Deposits in Jordan's banking sector rose by 11 per cent in December against the same period in 2008 to 20.1 billion dinars ($28.3 billion) with strong inflows into the local currency assets, central bank data showed on Friday. Private

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UAE prices soar after four-month fall

United Arab Emirates consumer prices rose in November year-on-year, the first time in four months, though analysts said a weak property market is expected to cool sharper rises going forward. The global financial crisis ended an oil and re

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Zain sees revenue hit $7.2bn

Telecom giant Zain expects revenue of $7.2 billion and earnings before interest, taxes, depreciation and amortisation (Ebitda) of $3 billion this year, its chief executive said. ’We have targeted revenues of $7.2 billion this year an

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Expats rush to buy Dubai properties

An increasing number of UAE residents are opting to buy property as soaring rental prices are prompting them to seek alternative housing arrangements, says a top executive. "Given the steady increase in UAE rental prices over the past few

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Kia funds jump 14.4pc to $264.4bn

Two funds managed by state-run Kuwait Investment Authority (KIA) rose 14.4 per cent to KD70.21 billion ($264.4 billion) in the year to March 31, newspapers and parliamentary sources said. Finance Minister Mustapha Al-Shamali briefed parlia

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NBF Q1 income soars 34pc

National Bank of Fujairah (NBF) said its core income in the first quarter rose 34 per cent, but the impact of fair value losses on the investment portfolio restricted its profit to Dh55.4 million ($15 million). Announcing the results for t

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Air Arabia Q1 profit soars 81pc

Air Arabia, the Middle East's biggest low-cost carrier, said first-quarter profit rose 81 per cent after it carried more passengers. Net income in the three months to March 31 surged to Dh78 million ($21.24 million) compared with Dh43 mill

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