Category Archives: Business

Dubai Shares Post Fifth Monthly Drop 


Dubai stocks slid to a three-week low, capping a fifth monthly decline for the benchmark share index, as plunging crude oil prices curbed appetite for risky assets. Saudi stocks slipped, paring their best month since August, Bloomberg reports. The DFM … Continue reading

Category: Business

Saudi Arabia ‘next frontier’ in shale revolution?


Saudi Aramco has said  it is to triple its investment in shale gas exploration in spite of oil prices at multi-year lows. Speaking at an investment conference in Riyadh, chief executive of Aramco, Khalid Al-Falih said for the first time … Continue reading

Category: Business

Why the oil price slump could hit UAE property


  Analysts say the continuing oil slump is likely to further impact upon hit house prices in Dubai,  already weakened due to the imposition of mortgage caps and a hike in property transaction fees. According to JLL, villa prices in … Continue reading

Category: Business



 Exclusive to The Middle East Online . . .   International economist Moin Siddiqi analyses the prospects for development and growth in the MENA region in the year ahead. The Middle East and North Africa (MENA) region continues to experience … Continue reading

Category: Business

Exclusive to The Middle East Online . . .


GULF STATES CONTEMPLATE AN ERA OF CHANGE By Dr. Neil Ford   Everyone agrees that economic diversification is needed in the Gulf states. More diverse economies are less prone to wild economic swings, oil reserves eventually become exhausted, prices fluctuate … Continue reading

Category: Business

EBRD backs Turkey’s hospital-building programme under PPP scheme

Kızılay meydanı

The European Bank for Reconstruction and Development (EBRD) is co-financing the development of a €542 million high-tech hospital in the south-eastern Turkish city of Adana, as part of Ankara’s plan to significantly expand quality hospital facilities across the country under … Continue reading

Category: Business

Egypt: Green shoots of recovery?


By Neil Ford The Egyptian economy has begun to recover under the government of President Abdel Fattah al-Sisi, new figures reveal. Some long awaited reforms have been enacted, economic growth has picked up and share prices recovered on the back … Continue reading

Category: Business

Global ambition for Gulf airlines


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


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


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