S&P reaffirms Kuwait's AA rating and has given the country a 'stable' lookout thanks to its existing resources of crude oil. Amidst the growing turmoil that some countries are facing with regard to their credit rating in the international market,...
The highly awaited report of International Congress of and Convention Association (ICCA) about the international market of meetings and its trends across various countries in the world was released concurrent to the eighth year of Gulf Incentive, Business Travel...
It's starting to heat up in Brexit-land after 17 months of jockeying for position, and this month more than any month since June 2016 might indicate whether UK Prime Minister Theresa May's critics are right or wrong. Will Theresa May...
A Lebanese Finance Ministry survey showed on Monday over half of ordinary people cannot afford to save money while two thirds face difficulties securing food and other necessities amid rocketing inflation during first nine months of 2012. “More than 55% of...
MENA reinsurance sector remains vibrant – QFC Authority publishes the 1st MENA Reinsurance Barometer Reinsurance premiums expected to outpace GDP growth Reinsurers benefit from improved terms and conditions Competition remains intense  Monte Carlo, Monaco – 9 September 2013 – The Qatar Financial Centre...
A research report said on Wednesday that up to 20% of banks in the Middle East and North Africa may need fresh capital to safely meet requirements under the global Basel III banking rules. The report, released by Arqaam Capital, said of...
Deputy Labour Minister for workers affairs Ahmad Al-Humaidan announced on Thursday the government is taking practical steps aimed at scrapping the individual sponsorship (kafala) system. “We have already begun changing some technical terms related with the sponsorship system, like changing...
Defence expenditure forms one of the core fiscal expenditures of countries with millions of dollars being spent by governments to ensure that their defence system is up-to date and bolstered with highly refined arsenal. Defence expenditures aren’t however mindlessly...
Moroccan parliament approved the budget for current fiscal year in which it aimed to reduce budget deficit to below five per cent of GDP, and raise taxes on companies and alcohol products. The Moroccan News Agency said Prime Minister...
Staging a mega-event like the World Expo has boosted the economies and international profiles of its host cities for decades – and soon it’s Dubai’s turn to step into the spotlight. New report from JLL sheds light on how the...
Media reports on Monday suggested the Obama administration is taking a "range of steps short of war" that it hopes will forestall an Israeli attack on Iran, while forcing Tehran to take more seriously negotiations that are all but...
A draft legislation to ease the existing tight controls on foreign ownership of companies in UAE has been rejected by a government body on grounds of security fears and threats to local businesses. The draft of new companies law was...

Indonesia Shining

As the world economy is changing, Indonesia is looking brighter for investors. The country?s economy is one of the best performing in the region, with more than 6% of growth at a time when countries in the Europe and...
Sovereign ratings of countries in the Middle East and North Africa (MENA) region - particularly of Tunisia, Egypt, Syria, Yemen and Bahrain - suffered a massive blow due to the popular uprisings that began in early 2011, Standard and...
With the approval of the EFSF funds by the IMF, there is a wave of cautious optimism in the financial markets about the prospects of the Greek economy moving forward. With smiles on their faces and shakes of the hand,...
UAE Prime Minister launches a 7-year national agenda to further improve country's development towards continued success. The Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, launched on Tuesday the UAE National...
Dubai-based organisations anticipate the strongest hiring. New projects and business expansion prompting recruitment plans. Financial leaders challenged in recruiting and retaining top financial talent. Nearly four-in-ten (37%) UAE Chief Financial Officers (CFOs) will be expanding their finance departments in the second half...
Oman posted a 1.5 billion rial ($3.8 billion) budget surplus for the Jan-Apr period of this year thanks to a surge in oil revenues. Inflation also dropped to 3% in April, the Gulf country's economy ministry data showed on...
  The Gulf state of Qatar retained its ranking as the world’s wealthiest nation in 2012, with it's per capita income rising to USD 106,000. The Washington-based Institute for International Finance (IIF) reported that Qatar's per capita GDP at purchasing power...
Dubai Gold and Commodities Exchange H1 2013 volumes reach 7,716,340 contracts, up 101% from last year Currency volumes in H1 increase by 112%. Indian Rupee futures up 95% in H1. June volumes rise 79% to reach record-breaking 1,593,150 contracts. Trading volumes...
The European Union announced on Wednesday it has approved a €5 billion ($6.3 billion) 'support package' to Egypt over a two year period to be disbursed through the European Investment Bank (EIB) and the European Bank for Reconstruction and...
The Libyan sovereign wealth fund chairman announced on Wednesday investigations on investment losses of $1.75 billion on structured products managed by Goldman Sachs and Societe Generale are underway. Mohsen Derregia, chairman of the Libyan Investment Authority (LIA), told reporters in Milan...
Even as the global economy comes to terms with consequences of a downgrade of the US credit rating, China is reported to achieve a "soft landing" in the short term, according to research conducted by the Conference Board, an...
Kuwaiti central bank governor said a preliminary report from the International Monetary Fund (IMF) has expressed concern about the sustainability of its public finances due to the government's hike in public spending. State-run Kuwait News Agency (KUNA) quoted Governor Mohammad...
Dubai's Department of Economic Development's (DED) Quarterly Business Surveys provide a snapshot of Dubai's current economic performance and  forecasts for each quarter for a timely and objective assessment of business expectations and performance. According to the quarterly business survey conducted by the...
A top online job portal has reported that online job opportunities in UAE’s trade and logistics sector witnessed an increase of over 45 percent compared to the previous year.  Online opportunities in the hospitality sector also saw an encouraging...
The fifth edition of Cities of Opportunity released by Price Waterhouse Cooper and the Partnership for New York City has ranked the city of Abu Dhabi as the 22nd city of opportunity out of 27 global metropolises. Twenty seven of...
Iran at the crux of opening up for business again, huge potential for Auto One of the best things that the recent nuclear deal is spelling out for Iran is the phasing out of economic sanctions. Once the sanctions are...
Japan?s exports have dropped by 12.5 percent in the month of April (compared to its previous year), after the earthquake and tsunami disrupted life in the country. This fall in exports have led the country?s trade balance into a...
King Abdullah II of Jordan, whose country is host to a large number of refugees from neighbouring countries, expressed concerns on Wednesday about the implications of the Syrian crisis for the entire region. The call comes amid reports that Jordan's...