Half of all ACWA’s business is now in “clean” energy, due to increased interest in renewables from Middle Eastern and African gov’ts
Author Archives: Staff Writer
Middle East ready for entrepreneurial revolution
Christopher Schroeder on the challenges facing local business start-ups
SMEs
‘Sky is the limit’ for philanthropic tech start-ups in Middle East
“Technology, philanthropy and the rest of us,” writes Hala Fadel, a partner at Leap Ventures and the founder and Chair of the MIT Enterprise Forum of the Pan Arab Region.
What could be the economic impact from a Trump presidency?
Initial impact will be felt largely through the financial markets, with uncertainty about Trump’s unpredictability the main concern
Eight hurdles facing President-elect Trump
Trump said he would create ‘safe zones’ in Syria, funded by Gulf states, for refugees fleeing violence
UAE leaders, Saudi King congratulate Trump on US Presidential election victory
UAE Prime Minister says he hopes to share the UAE’s message of peace tolerance and development for a better world
UAE’s Eshraq Properties said to invest $204m on new projects
Projects in Dubai’s Jumeirah Village Circle, Reem Island and Sas Al Nakheel Abu Dhabi
Trump win casts doubt on Fed’s plans to hike interest rates
Trump has pledged to tear up or renegotiate international trade agreements, which could set off a wave of protectionism
Officials draft pan-Arab customs law
Law to unify customs rules to be discussed at League of Arab States meeting in February
GCC can work ‘very well’ with Trump: Khalaf Al Habtoor
Al Habtoor said Trump’s anti-Muslim comments were purely politics
OPEC may increase production following Trump win, says S&P Global Platts
Oil prices could be a lower oil price because Trump is very pro-US production, according to S&P Global Platts’ head of energy
Saudi councillors urge study on water consumption
Public outcry over “soaring” water bills after subsidy changes this year
Brunei daily newspaper closes following criticism of Mekkah visa hike
Newspaper issued an apology for the article on its website
Monte dei Paschi shares lifted by reports on Qatar interest
Qatar Investment Authority is reportedly open to acting as an anchor investor in the Tuscan bank’s capital increase
UAE’s Dana Gas swings to third-quarter net profit
Dana Gas reported falling profits or a loss in five of the six quarters to March 31, hit by a slump in oil prices from their mid-2014 peak
Emirates’ net profit plummets 75% in first half
Steep half-year drop attributed to dampened global travel demand, revenue down 1%
Investing in the future: AJSM Investments CEO, Sheikh Saeed bin Obaid Al Maktoum
For Sheikh Saeed bin Obaid Al Maktoum, CEO AJSM Investments, leadership comes from within
Brandline: The history of Rolex
Once a lowly manufacture in the foothills of Bienne, Switzerland, and now the undisputed King of watches. Rolex rise to fame came slowly but surely
Dustin Johnson to join McIlroy, Stenson in strong Abu Dhabi Championship field
American Rickie Fowler will be the defending champion at the January 19-22 event
More consolidation expected in UAE’s energy sector, says al-Mazrouei
Abu Dhabi National Oil Co said it would consolidate the operations of three of its shipping, marine and services companies into one firm in order to increase efficiency
Teens’ drones confiscated at Dubai airport
Group of teens were reportedly caught flying unmanned aerial vehicles at Dubai International Airport
Gulf markets fall sharply on possibility of Trump election victory
DFM down 2% on opening, Abu Dhabi down 1.79%
Egypt expects long-awaited IMF funds next week as currency slides
Egypt expects $2.75bn in IMF loan aid as early as next week
Dubai private sector growth drops ‘to slowest rate since April’, says Emirates NBD
Travel & tourism continued to outperform but construction sluggish in September
Oil prices tumble as Trump pulls forward in US election
Republican candidate holding lead against Clinton in several key states
Reaction from the Gulf as Trump takes famous win
Republican secures place in White House after night of high drama in the US
Saudi Oger said to seek payment freeze on $3.5bn local bank debt
Request paves way for massive restructuring as Oger business empire teeters
UAE aims to have public-private partnerships framework by year-end
Move should boost private sector investment in country’s huge infrastructure project plans
Emaar Properties Q3 net profit up 36%
Dubai’s biggest developer posts sharp hike in profits in 16% gain in revenues
Rumours over replacement of Kuwait PM ‘baseless’, say officials
Gov’t denies claims that ruling family held meeting to replace current PM with former foreign minister
New 2021 Gulf rail deadline a “moving target” – UAE minister
Further doubts raised about one of GCC’s largest ever megaprojects
Credit Suisse picked to sell RBS stake in Saudi Hollandi Bank
Sources say Public Investment Fund could be in line for $1.2bn deal
Business as normal for Marks & Spencer in Gulf, despite cuts elsewhere
British retailer says franchise deal with Al Futtaim is ‘unaffected’ as 80 stores around the world close down
Sheikh Mohammed signs off $381m Hatta development plan
600 new homes, a central market and a cultural festival included in strategy for mountain town
Kuwait to reveal increased electricity and water fees within weeks
New charges will go into effect in May 2017, although Kuwaiti citizens will be exempt
Review: The Royal Suite, The Conrad Dubai
One of the largest suites in the city is also one of its most central. And while it scores well on location, the Conrad’s Dubai property certainly isn’t lacking in luxury, either
Ten steps to become a better public speaker
Jim Kokocki went from shy corporate IT guy to president of communications and leadership organisation Toastmasters International. Here are ten on being a better public speaker
Pakistan Embassy official in Kuwait faces embezzlement charges
Official stole $122,966 (RS8.2m) during 2010 to 2012
Kuwaiti property sales slip 27% in Q3
Slow activity is in line with increased utility prices and pressure on the government budget
Abu Dhabi’s ADNOC to increase $10bn Al Hosn project capacity by 50%
State oil giant signs of deal with US firm Occidental to meet rising demand for domestic gas
Kuwait’s NBK says rising Egypt profit to offset currency impact
Gulf state’s largest bank says climbing inflation in North African nation to push up operating costs and spending next year
Dubai signs deal to explore Hyperloop link with Abu Dhabi
World’s first commercial link using Hyperloop technology likely to be built in UAE
National Bank of Oman plans bond early next year – report
Sultanate’s biggest lender may issue in Q1 2017
Kuwait to sell $10bn in international bonds early next year
Finance Minister Anas Al Saleh says preparations with international banks are under way
Police solve first Bitcoin scam in Dubai
Unemployed Asian had allegedly ripped off three Gulf residents to the tune of just over $100,000
$300bn drop in energy investments could lead to oil price spike, warns UAE minister
Suhail Al Mazrouei speaks out says drop in spending could trigger ‘prolonged, soaring crude prices’
Qatar Petroleum said to plan further cost reductions
Company needs to increase efficiency amid low oil price environment, says CEO
Uber launches cheaper taxi service in Qatar
Qatar is first country in region to have UberGo, which is available in India, Pakistan, Sri Lanka
New satellite images show Dubai Water Canal is complete
DubaiSat-2 high resolution images show completion of megaproject before official opening at the end of this month
Qatar-backed retailer Vente-privée sees 2016 sales topping $3 billion
Europe’s top online discount retailer sees like-for-like sales growing 20% this year
BTG Pactual to exit $1.3bn venture with Abu Dhabi, sources say
ADIC likely to hold onto 50% stake in global reinsurer Ariel Re, according to a report
Abu Dhabi’s Aldar Properties Q3 net profit gains 17.9%
UAE capital’s largest developer beats analyst estimates, while revenues rise 61%
Saudi Arabia to increase revenue from municipal fees, new charges
New fees, which include business licensing , charges for operating telco towers and banks’ ATMs, will take effect on Dec 9
Total set to be the first Western oil firm to agree Iran deal
Deal to develop a phase of South Pars gas field is worth between $2 billion and $6 billion