The recent sale of Talabat.com to Germany’s Rocket Internet for $170m was another shot in the arm for the Gulf’s nascent e-commerce industry. Experts say that huge growth, driven by improvements in technology and the switch to mobiles, is set to continue
It was intended to break the mould, giving airtime to the smaller stories and voices in the Gulf, but Prince Alwaleed’s Alarab TV lost its own voice within hours of blasting into homes with a controversial interview. Arabian Business examines whether the Saudi billionaire’s utopian network will air another episode
The UAE’s wealthy businessmen and royals have fallen so in love with the grandeur of polo they are spending tens of millions just so they can play. Others have created loss-making events to attract the ultra-rich but how much are they willing to pay for the notoriously expensive game?
Despite promises of a new future after the ouster of dictator Muammar Gaddafi, Libya’s spiral into civil war is seemingly endless. Foreign investors who are waiting on the sidelines say there is no hope of a change for the better soon
Large Western banks have been selling off their local assets and retreating home, helping highly liquid local institutions deepen their roots even further. But as lower oil revenues make their impact, there are warnings even home-grown banks will soon have to take a closer look at their operations
Saudi Arabia’s new ruler King Salman Bin Abdulaziz Al Saud takes over as the ultimate authority in a kingdom that faces long-term domestic challenges compounded by the dramatic fall in oil prices in recent months.