OPEC is in a state of panic, as the downward trend in the price of oil shows no sign of abating. OPEC’s move to stem production has not managed to …
Category:
GCC
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About a year ago, Abu Dhabi’s sovereign wealth fund (SWF) injected $7.5 billion into an ailing Citigroup. Kuwait’s fund also invested $2 billion into Citigroup and it put another $3 …
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The region’s top developers have been shedding hundreds of jobs over the past two months in order to cut costs in the face of a regional real estate bubble burst. …
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As the battle over shareholders’ ability to control executive earnings rages in Europe and the United States, regional protests over excesses in executive compensation have been relatively muted. Perhaps this …
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Perhaps the only comforting prospect in times of crisis is that the wheat gets separated from the chaff. Accordingly, organizations throughout the region have come to realize that they have …
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When ahead of the game in the world of business, no one is really concerned with how much was spent to get there, let alone on whom. More often than …
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There is no doubt that this year’s Cityscape Dubai was big. For the first time in its seven-year history the event was open for four days and drew a record-breaking …
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Widespread ATM fraud has caused panic across the UAE. The fraud is thought to have started after a network, in which banks share sensitive information such as customer pins, was …
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Anumber of analysts have indicated that the highly speculative, off-plan luxury segment of the Dubai real estate market would be the first sector hit in a housing price slump. This …
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‘Endemic’ is probably the best word to describe corruption in the Middle East. From Iraq to Morocco the bane of corruption pervades in all sectors of public and private life …