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Saturday, 07 November 2009
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Oman banks' 9-month profits slid 6.9% - cenbank

Oman banks' 9-month profits slid 6.9% - cenbank

Banking & Finance
The combined net profit of the sector dropped to OR194.9m ($506.2m) in the Jan-Sept period compared YoY.

$149bn GCC projects set to complete by end 2010
Construction & Industry
New research also shows that interior fit-out market in region forecast to grow 90%.

Double digit growth for Islamic banking assets in 2009
Islamic Finance
New survey reveals 28.6% growth for Shariah compliant banks amid downturn.

UAE's Mubadala leads way on Q3 transparency
Banking & Finance
New SWF index gives Abu Dhabi fund top marks but Oman languishes at bottom.

more »MIDDLE EAST BUSINESS COMMENT

The tipping scandal
Forget Damas, Dubai Properties et al, Damian Reilly says there's one scandal you can do something about.

 Damian Reilly  

Are you being served?
The GCC needs to rediscover the age-old art of Arabian service if it is to wrestle control back from ruthless salespeople.

 Rob Corder

more » BUSINESS INTERVIEWS

Rich man faster man

F1 legend Sir Frank Williams talks about the economics of speed, scandals & Schumi's comeback to the sport.

21st Century boy

James Law’s futuristic designs wouldn’t be out of place on a sci-fi movie set and they are coming close to reality in the Gulf.


more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Bahrain cenbank suspends real estate caps - sources

Construction & Industry

  1. Saudi to phase out water intensive crops - minister

Culture & Society

  1. Some Muslims fear backlash after Fort Hood shooting

Education

  1. 35% say Arabic, Islamic studies key for UAE schools

Energy

  1. Raising output not on OPEC agenda now - UAE oil min

Healthcare

  1. Glaxo Saudi's sole supplier of H1N1 vaccine for now

Islamic Finance

  1. Islamic bank assets up 29% - survey

Media & Marketing

  1. EXCLUSIVE: Etihad, Aldar ordered to pay Force India damages

Personal Finance

  1. UBS sees UAE's rich list growing by 11% in 2010

Politics & Economics

  1. UAE, Saudi among US's top arms buyers in 2009

Real Estate

  1. New committee to rule on real estate sector dud cheques

Retail

  1. Dubai Aquarium sees 1.5m-plus paid visitors in first year

Sport

  1. Alinghi propose Australia to host next America's Cup

Technology

  1. BSNL to go direct to Zain if consortium talks fail

Transportation

  1. Dubai's Floating Bridge to stay for 5 more years – paper

Travel & Hospitality

  1. Emirates to add 17 flights to Asia Pacific routes

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more » BUSINESS FEATURES

A second crash?

Amid signs that green shoots are beginning to wilt, investors are worrying that global bourses may be headed for a crash.

Dubai’s debt move

Investors anxiously await the fate of Nakheel’s $3.5bn sukuk, & the next installment of Dubai’s $10bn bailout fund.


more »MIDDLE EAST BUSINESS EVENTS

UPCOMING EVENTS

  1. Advanced Leadership & Management Skills
    1 November 2009 | Dubai, United Arab Emirates
  2. Advanced Operational Auditing & Management Effectiveness Analysis
    1 November 2009 | Dubai, United Arab Emirates
  3. Effective Management Analysis & Operational Auditing
    1 November 2009 | Dubai, United Arab Emirates
See all events »

MORE TOP MIDDLE EAST BUSINESS STORIES

  1. UK firm signs $9m for GCC Premier League sweets
  2. Oman set to up oil output to 900,000 bpd in 2010
  3. Oman home buyers to get residency on completion
  4. Mideast IPO activity slumps in Q3
  5. Business leaders sign up for UAE 'crash conference'
All Middle East business news stories »

SPOT POLL

What do you think about the offer of free legal advice to people caught in Dubai property disputes?

Amid the real estate gloom, this is the best news for months and will improve transparency.
This is a good move and should redress the imbalance between investor and developer.
By offering a free service, it will just encourage people to abuse the complaints system.
It's too little, too late and I doubt many people will actually qualify for the free advice.
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    Industry: Retail
    Location: Dubai, UAE
  2. Senior Structural Design Engineer
    Industry: Construction
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READER COMMENTS

  1. Oman home buyers to get residency on completion 05
    03 Nov ' 09 at 17:33
    Probably its 2 years – cause that’s the standard Residency Visa issue period in Oman - with (one can surmise) automatic renewals...   More  »
  2. Dubai index posts biggest one-day gain since Feb 01
    02 Nov ' 09 at 15:56
    Well I have to say that it is all a game. How can suddenly the market jump when the world markets are going down. Funny thing is that...   More  »
  3. HSBC sees 'rapid increase' in customer 'skips' 01
    02 Nov ' 09 at 19:57
    My experience is in Qatar, where a year or two ago banks were offering loans of up to 7 years annual salary on demand. There were a...   More  »

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