By this time next year, five of the current 11 Formula One teams will probably be out of business. It’s now not a question of if it will happen but merely when it will happen. Marussia and Caterham have already gone and the Sauber, Lotus and Force India teams seem ready to join them. So in 12 months time there could be just six teams left on the grid, all forced to run three-car teams to maintain the semblance of a show. That is the harsh truth that spells out the finances of Formula One today.
Mohamed Abdulsalam, CEO of MENA Holding, attained tremendous responsibility at a young age but his shoulders proved strong enough. The winner of Young CEO of the Year at the recent CEO Awards 2014 spoke to Tamara Pupic about his meteoric rise
The story of how the former Leeds United boss went from football fan and manager of his favourite English club to a lengthy stay in a Dubai prison on fraud allegations has gripped newspaper headlines on both sides of the world
Mashreq’s retail operations in a series of Middle Eastern markets have helped contribute to some impressive bottom-line results in the last couple of years. Three regional executives from one of the UAE’s biggest lenders explain how that strategy could bring in $1.4bn in profits by 2020
The startling fall in the oil price has renewed questions about some Gulf countries’ budgetary policies. An OPEC meeting later this month and Saudi Arabia’s 2015 budget will offer clues as to how some of the world’s biggest exporters plan to tackle the issue