Category Archives: 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

BUSINESS – Casting light on Dubai’s Islamic Finance Industry

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      CEO of Dubai’s Noor Bank, Hussein Al Qemzi talked to The Middle East about Noor, the UAE’s Islamic finance industry and the prospects for greater prosperity in the markets. “There has always been an interest in this … Continue reading

Category: Business

BUSINESS – Cyber security becomes a multi-billion $ market

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  By Peter Feuilherade The annual global cost of cyber crime is estimated at more than $113 billion annually, with some 380 million victims, making cyber security one of the fastest expanding markets. Across the Middle East alone, spending in … Continue reading

Category: Business

BUSINESS- World Economic Forum Debate

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Working towards greater prosperity & security At the World Economic Forum (WEF) in Istanbul the Chief Executive Officer of UAE-based Crescent Petroleum, Majid Jafar, discussed the shale boom that has rocked the United States in terms of providing energy self- sufficiency, … Continue reading

Category: Business

BUSINESS -The Guardian report on Qatari acquisition bid

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  A report that appeared in the UK daily newspaper The Guardian has revealed that Qatar plans to add yet another London landmark to its string of assets in the English capital with a bid to take over the company … Continue reading

Category: Business