Category Archives: Business

Oil prices forecast to “stay lower longer”


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


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


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

844_Every_Days_a_Gift (2)

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


  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


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


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