Category Archives: Business

Global ambition for Gulf airlines

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By Neil Ford The Gulf’s biggest airlines are enjoying bumper revenues and expanding rapidly to take advantage of rising global passenger numbers. The region’s big three – Emirates, Qatar Airways and Etihad Airways, are competing for regional dominance and all … Continue reading

Category: Business, Uncategorized

EBRD extends involvement in Egypt

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The European Bank for Reconstruction and Development (EBRD) is supporting the expansion of international trade in Egypt by providing a $50 million trade facility to Commercial International Bank under the EBRD’s Trade Facilitation Programme (TFP).Commercial International Bank (CIB), established in … Continue reading

Category: Business

Morocco’s Arab/African option

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Morocco is trying to position itself as a gateway for international investors wanting to expand into Africa. Can it succeed? By Dominic Dudley At the height of the Arab Spring, in September 2011, Morocco and Jordan were both offered membership … Continue reading

Category: Business

BUSINESS – ADIPEC looks to new technology

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Neil Ford reports from Abu Dhabi   The global oil sector has always been at the forefront of technological innovation and adoption. It could hardly be otherwise given the presence of huge hydrocarbon reserves that can only be tapped when … Continue reading

Category: Business

Business – UAE aims high while prices fall

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by Neil Ford The United Arab Emirates has set a target of increasing national oil production by 25% by 2017. This is an ambitious goal but one that is achievable given new project development and the implementation of new enhanced … Continue reading

Category: Business

$ 1 billion Turkish power plant wins EBRD support

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A $1 billion combined-cycle gas turbine power plant will be built in Turkey near the city of Kirikkale in Central Anatolia, some 50km east of Ankara, with a comprehensive long-term financing package arranged by the European Bank for Reconstruction and … Continue reading

Category: Business

BUSINESS – Healthcare spending surges as demand soars

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        By Peter Feuilherade Healthcare is a major growth area in the Middle East, with public and private investment in the sector forecast to exceed $150 billion in 2016. In the GCC in particular, governments are allocating ever … Continue reading

Category: Business

Exclusive to The Middle East Online – New expatriate tax could add billions to Omani coffers

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A new proposal to impose a tax on the billions of riyals sent home by expatriate workers in Oman, could add as much as 60 million riyals (OR1=$2.6), annually to the Sultanate’s coffers, according to reports in the local Times … Continue reading

Category: Business

Exclusive to The Middle East Online -OPEC’s recent debates in the spotlight

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OPEC is discussing this week how to react to falling demand for its crude oil and – as Gerald Butt explains – MENA governments will soon have to react to declining appetite for the region’s natural gas exports. MENA states … Continue reading

Category: Business

BUSINESS – Exclusive to The Middle East Online – “Dubai effect” fuels GCC metro boom

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By Peter Feuilherade Five years after it opened in 2009 the Dubai Metro, the world’s largest driverless metro network, has reported a 19% annual increase in passenger numbers for 2013-14, with more than 12.4 million journeys completed in August 2014. … Continue reading

Category: Business