Category Archives: Business

France wins $5 billion jet deal with Egypt

rafale-fighter-jet-2

France has confirmed a deal to sell 24 Rafale combat jets to Egypt in a deal worth €5bn euros (£3.7bn; $5.7bn). The deal is a breakthrough for the French defence firm Dassault which has spent years trying to win an … Continue reading

Category: Business

Egypt’s economic progress encourages investor confidence

STOCK EX

Foreign and regional investor confidence in the Egyptian economy continues to grow. st The Egyptian Exchange’s (EGX) benchmark index reached 9,958 points, the highest level in seven years . The index last reached this level in February 2008, before rising … Continue reading

Category: Business

Exclusive to The Middle East Online . . .   Will Iran come in from the cold?

IRAN!

  Special report researched and written exclusively for The Middle East Online by international economist Moin Siddiqi The Islamic Republic of Iran has made progress toward stabilizing its economy and improving diplomatic relations with the western powers, but the country … Continue reading

Category: Business

Dubai Shares Post Fifth Monthly Drop 

UAE-stbbock-market-AFP

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?

FrackingWastewater102214

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

Dubai-real-estate

  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

ECONOMIC OUTLOOK 2015

Institute_of_International_Finance_logo.svg

 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 . . .

269323-aramco-saudi

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?

Slide1

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