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Global fund industry assets total $120 trillionThe fund management industry has rebounded from the global financial crisis and conventional assets under management are now 13 percent above pre-crisis levels, a report said. Total assets of th More… |
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Economic recovery 'on track'Last year was yet another difficult one for the world economies although there were signs of green shoots of recovery in the financial markets during the second half of the year. That was the positive message from First Investment Bank cha More… |
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Workers 'key to growth'Solving labour issues will help the Arab world fight off the global financial crisis, it was announced. The importance of tackling issues such as protecting workers' rights and organising the labour market could be crucial for future g More… |
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Corporations 'cautious about recovery'The corporate world is still nervous about the economic recovery this year, according to a survey of senior executives at nearly 900 major companies worldwide. More than 50 C-suite executives of major corporations in Middle East and A More… |
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Global economic crisis to be probedA key conference will focus on what lies ahead this year as economies emerge from the worst global financial and economic crisis since the Great Depression. 'Global Financial Markets: The Road Ahead', is the theme of this year' More… |
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Gulf businesses see clearer outlook, stay cautiousFrom banks to property firms, executives across the Gulf region and Egypt told Reuters they believe the worst of the financial downturn is over, but many warned of more bumps along the way. 'This has been an extraordinary year, things More… |
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World economy will rise again: Shaikh SalmanCrown Prince and Deputy Supreme Commander Shaikh Salman bin Hamad Al Khalifa expressed hope that the world economy would start to rise again following the global financial crisis. The GCC is a blessed region and the impact of the crisis wi More… |
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Financial turmoil 'threat to GCC projects'The GCC region now has around $3 trillion tied up in construction and infrastructure projects, of which at least 10 per cent are in serious trouble due the global economic crisis, an expert said. Economics and petroleum market behaviour as More… |
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GCC expatriates hit by financial crisisA majority of foreign residents in the UAE said their lifestyle has been compromised by the global financial crisis, a survey showed. In a survey of 600 residents in the UAE and Bahrain, Zurich International said some 83 per cent of respon More… |
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Gulf equipped to weather financial stormFrom banks, to developers to oil firms, Gulf Arab companies told Reuters on Monday they were hit by the global financial crisis and falling oil prices, but robust growth and spare liquidity would help them weather the storm. Top executives More… |
