Category Archives: 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

gold

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

UAE: the great tax debate

Banknotes and coins: currency of Qatar, Riyal, QAR, Bahrain Dinar, BHD, and the United Arab Emirates or UAE, Dirham, AED

With oil prices halving from a high of $115 per barrel last year to a low of $45 per barrel in January, Gulf Cooperation Council countries have been forced to tighten their belts and look for alternative sources of revenue. One … Continue reading

Category: Business

EXCLUSIVE TO THE MIDDLE EAST ONLINE . . . Saudi Arabia faces up to a slowdown

Stock market

  As the heat of the summer takes hold, the Saudi economy is starting to cool, writes Dominic Dudley If anyone was hoping that opening up the Saudi stock exchange to international investors would provide a timely pre-Ramadan boost to … Continue reading

Category: Business

France announces multi billion $ investment in Kingdom Holding

Prince Alwaleed and President François Hollande in business deal

In a strategic alliance between France & KHC, a consortium of France’s big companies led by the CDCIC International Capital, the International investment arm of Caisse des Depots, France’s Sovereign Wealth Fund, announced that they have approved an investment in … Continue reading

Category: Business

EBRD agrees support for €1 billion high-tech hospital in Ankara

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The European Bank for Reconstruction and Development (EBRD) has arranged a comprehensive long-term financing package for the development of a €1.12 billion high-tech hospital in the Etlik neighbourhood near the Turkish capital Ankara. With a loan of €125 million for … Continue reading

Category: Business

QATAR: Building boom under strain

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Construction of the Sharq Crossing, Qatar’s $12 billion bridge and underwater tunnel link across Doha bay, was due to start this year to be ready for the 2022 World Cup, but that deadline has slipped as the government shifts priorities. The … Continue reading

Category: Business

Saudi Arabia’s stock market prepares for take-off

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  If Saudi Arabia’s intention to open up its stock market to foreign institutions has been well flagged in recent months, the only outstanding issues needing confirmation have been when and to what degree the doors would be opened up … Continue reading

Category: Business, Uncategorized

Saudi Arabia registers past growth and future optimism

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  The Governor of the Saudi Arabian Monetary Agency (SAMA), Fahd Al-Mubarak has predicted that the Kingdom’s economy will experience comprehensive growth during  2015 and in the coming years, according to Saudi Press Agency reports The governor was speaking  at a … Continue reading

Category: Business

EXCLUSIVE to The Middle East Online . . . Egyptian financial recovery in the spotlight at Chatham House

Cairo Marked on Map 2000

Speaking on the record at the Mena Economies conference at Chatham House, Egyptian Finance minister Hany Kadry Dimian extoled the virtues of quality inclusive growth as being key to Egypt’s recovery and future. The Minister quoted as an example the … Continue reading

Category: Business