Islamic finance assets are worth around $2bn globally, according to the World Bank, and the island state of Bahrain has chosen to exploit the increasingly lucrative sector to help it reassert its reputation as the Gulf’s principal financial hub
A record $87bn of foreign direct investment flowed into Africa last year, and it is safe to say that even more is headed there this year. The 12th Arabian Business Forum presented the opportunities, risks and forecasts for the continent, according to top GCC-based businessmen, including Etisalat CEO Ahmad Abdulkarim Julfar, Stallion Group founder Sunil Vaswani and Mansour Group’s Mohamed Mansour.
On the surface, Africa’s aviation industry presents one of the most compelling investment opportunities, yet the continent’s national carriers have been unable to pick up speed under the force of government protectionist policies and outdated regulations. Other airlines are flying in but will they be able to break through the clouds?
Africa has long been portrayed as a troubled continent, leading more cautious Gulf investors to lag behind other regions in tapping into the wealth of opportunities. But Africa is fighting back, working to overturn negative stereotypes and attract Arab investment to its shores.
Military sales is a trillion-dollar business. Ahead of the Dubai Airshow, Arabian Business travels to the US for a bird’s eye view of what Boeing Defense, Space & Security — one of the world’s largest suppliers — plans to showcase at the November event, and to discuss appetite for deals in the Middle East
The deaths of more than 100 Iranians during the 24 September haj disaster, the largest of any country’s toll, could inflame tensions between arch rivals Saudi Arabia and Iran, spilling over into regional conflicts.
Sources also claim at least half the butchers in the island state will disappear once meat subsidies are scrapped, while the impact will ripple down to restaurants and some supporting businesses may struggle to survive
Recent protests over stinking rubbish have drawn attention to Lebanon’s impotent political system, riddled with sectarianism. But so far, the “You Stink” campaign is proving to be as ineffective as the government it wants reformed