ArabianBusiness.com - Middle East Business News
Tuesday, 24 November 2009 05:41 UAE time
Ramesh Prabhakar: Cometh the hour

Ramesh Prabhakar: Cometh the hour

Retail
Rivoli Group's managing partner tells why success is sweeter when you're still young enough to enjoy it.

CEOs - overpaid & over here?
Banking & Finance
Mideast shareholders should call for restraint on the number of zeros decorating their CEOs' monthly wage slips.

CEO 2007 awards
Banking & Finance
The end of October saw CEO Middle East celebrate our very first annual awards. From the hundreds of online nominations that we received the panel of judges whittled down the list to select, after much careful consideration, the winners of each of the 15 categories.




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RELATED STORIES

    Gulf nations to see solid growth in 2010

    Qatar is predicted to outperform the rest of the region, Saudi and UAE to grow more modestly - poll.


    Doubts over pace of Mideast private equity recovery

    Shuaa CEO says boost will come from gov't spending on transport and infrastructure.


    Dubai index rebounds from 10-week low

    UPDATE 5: Index mades largest one-day gain since Nov 4, while gold price hits record high.


    UAE real estate will take 'some time to stabilise' - cbank

    Governor says the economy is 'progressing well', rules out move to depeg from dollar.


    Lee Westwood wins Race to Dubai

    Golfer returns to England £1.6m ($2.64m) richer after 'biggest moment' of his career.


    Sunseeker ME announces regional expansion plans

    Dubai-based firm plans to become region's market leader with aggressive expansion.


    Dubai population grows 1.9% in Q2

    Rise in population compared to the previous three months shows the emirate's job sector is picking up.


    Emaar stocks main drag on Dubai index

    UPDATE 4: Shares fall 4.4%, while late banking rally helps Saudi to higher close.


    Burj Dubai material supplier sets up Mideast base

    Silicon material developer and manufacturer has set up its regional headquarters in Bahrain.


    Tamweel records 95% fall in Q3 profit

    Dubai Islamic lender returns to profit after posting losses for three consecutive quarters.


    Saudi confirms four pilgrims die of swine flu

    Three elderly pilgrims and one 17-year-old die, in kingdom to perform hajj.


    Saudi index down, banks and petchems weigh

    All share index TASI falls 0.76% to 6,270.75 point; SABIC slips 0.92%.


    Islamic finance steps up

    Natsuko Waki looks at why governments in the Middle East and Asia are taking on a greater role to deepen Islamic finance markets.


    Dubai may see growth of 5% in 2009 - Alabbar

    UPDATE 1: Alabbar withdraws remarks that bonds were in final preparation stages.


    Opinion split over Mideast aviation growth - poll

    Some 36.4% of people see slow growth next year, while 33.5% think industry will stagnate.


    du announces roaming rates for hajj pilgrims

    Customers in Saudi Arabia will automatically benefit from the promotion, firm says.


    98% من التنفيذيين يلهون بإنترنت في العمل

    أظهر استطلاع للرأي أجرته تريند مايكرو أن نسبة تبلغ 98 بالمائة، من المشمولين في الاستطلاع، يتصفحون إنترنت لأغراض لا علاقة لها بأعمالهم.


    UAE indexes extend losses; property weighs

    UPDATE 5: DFM ends lower for 5th session in 6 as losers outnumber gainers 16:3.


    UAE air travellers planning more long haul trips - survey

    Poll of 1,200 passengers reveals renewed confidence in travel spending.


    GCC helping to lead global economic recovery

    HSBC economists say emerging markets lead growth, while the West struggles in short term.


    UAE freezone business set-up inquiries seen rising

    Consultancy that helps foreign firms set up in UAE says demand back to pre-crisis levels.


    SWF global funds set to hit $8tn by 2015 - study

    New report by Ernst & Young says funds set to enter period of 'sustained growth'.


    Emirates' A380 growth 'constrained by airport space'

    President says airline could take 20 more superjumbos if space at Dubai Int'l allowed.


    Dubai property market 'may take 10 years to rebound'

    UPDATE 2: UBS predicts slow recovery for sector, says prices may slip further 30%.


    52% consumers still pessimistic over 2010 - poll

    Arabian Business survey shows only 8% are more confident than previous quarter.


    SABIC weighs as Saudi index ends lower

    UPDATE 5: Oman's MSI ends slightly higher after trading sideways for most of the session.


    Bahrain opens its door to GCC traders

    New legislation gives GCC national retailers and wholesale traders equal treatment to their Bahraini counterparts.


    GCC urged to form alliances to beat downturn

    HSBC's chief economist says move would sharpen competitive edge amid crisis.


    flydubai eyes move into holidays to boost revenues

    Budget airline's CEO also says he is still committed to plans to launch flights to India.


    Oman Air eyes growth after new planes deal

    Company chairman says Embraer aircraft agreement will help develop routes.


SPOT POLL

Do you think there are too many banks in the UAE?

Yes, there aren’t enough people to support them all, so there should be some mergers.
No, you need to have smaller banks, especially post financial crisis.
No, banks from certain countries, like India with a huge expat population here, are under represented.
Who cares, the service is terrible wherever you go.
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