Category Archives: Business

Dubai: new legislation causes consternation

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A new law that demands companies seek government approval before carrying out surveys in Dubai could hurt the property sector and discourage research in the emirate, experts have warned. The Dubai government announced a law late last month intended to … Continue reading

Category: Business

Business Report Tunisia: Towards sustainable growth

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Researched and written by economist and international analyst, Moin Siddiqi Into the fifth year of The Arab Spring, Tunisia, despite stiff challenges, offers a genuine success story among the Arab countries in transition, including Egypt, Jordan, Libya, Morocco, Tunisia and … Continue reading

Category: Business

EBRD helps Egypt overcome energy shortfall

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The European Bank for Reconstruction and Development (EBRD) is joining forces with a group of multilateral and regional lenders in Egypt to combat the country’s energy shortfall. The Bank is providing a $200 million loan to the Egyptian Electricity Holding … Continue reading

Category: Business

$60 million regional transport investment

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Careem, the MENA region’s locally founded app-based car service, today announced a Series C investment of $60 million with The Abraaj Group (Abraaj) as lead investor. This funding represents one of the largest investments in the region’s emerging technology sector … Continue reading

Category: Business

Oil prices forecast to “stay lower longer”

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Moody’s futures agency has downgraded its oil price forecast indicating more pressure will be put on the economies of the oil producing nations of the Gulf With oil prices expected to stay lower for longer, Gulf Cooperation Council (GCC) governments’ … Continue reading

Category: Business

TAXATION – a unified GCC system not the best choice

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Much discussion has centred on the UAE’s decision to introduce value added tax (VAT). I am not  sure when this will take place, but a lot of speculation is going on about how this could be agreed upon and then … Continue reading

Category: Business

EBRD launches Women in Business programme in Egypt

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The European Bank for Reconstruction and Development (EBRD) has teamed up with Egypt’s largest commercial bank to launch the Women in Business (WIB) programme aimed at strengthening the role of women entrepreneurs in the Egyptian economy. This programme is being … Continue reading

Category: Business

IRAN: Consumers anticipate a rush to shopper paradise

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By Sam Wilkin and Bozorgmehr Sharafedin. Two months after Iran reached a nuclear deal that will open its markets to the world, officials are warning of economic stagnation as consumers hold off on purchases of domestic goods while they wait … Continue reading

Category: Business

GCC: falling oil price impacts on growth

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  Lower oil prices have impacted economic growth in the Gulf Cooperation Council countries, a report by the global trade credit insurance provider Coface has found. The GCC economies are set to grow by around 3.4 per cent this year … Continue reading

Category: Business

Gold prices set to tumble

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Middle East investors have been warned that the price of gold is likely to fall significantly in coming months. At the beginning of September spot gold stood at $1,141 an ounce, up slightly by 0.6 per cent on weak equities … Continue reading

Category: Business