Company Merger Regime In The UAE | Real Estate Mergers Expected To Increase in 2012

The real estate sector of the United Arab Emirates (UAE) expects to see a number of significant mergers and business consolidations this year. Why? The UAE real estate market is still struggling to recover after real estate prices slumped in 2008 and it is expected that mergers between real estate developers would be needed to […]

UAE Economy Sees Modest Growth in 2011

The UAE economy grew at a rate of 3.3% in 2011, according to Economy Minister Sultan bin Saeed al-Mansour. That’s less than the 3.9% analysts expected, but more than twice the rate of growth seen in 2010. Increased growth was due to higher oil prices and trade with Asia, but hampered by sluggish real estate […]

Abu Dhabi Likely Best Placed if Hormuz Strait Closes

March 8 – Abu Dhabi will become the oil producing member of the Gulf Cooperation Council that is best insulated from a closure of the Strait of Hormuz, once the Habshan-Fujairah pipeline is fully operational later this year, Fitch Ratings says (The following statement was released by the rating agency) Yahoo! Maktoob News Related articles […]

Emiratis on Top 100 World’s Most Influential Arabs

Posted on Mar 7, 2012 in Emirates-Middle East, Middle East Outlook

“Gulf Business” magazine announced the list of Top 100 World’s Most Influential Arabs for 2012. The classification covers various sectors: finance, real estate, science and technology, trade, culture and society. Dubai Chronicle

Dubai’s Stocks Retreat Most in a Year on Bets Rally Overdone

 Dubai’s benchmark stock index retreated the most in more than a year, led by Arabtec Holding Co., to become the world’s worst-performer amid speculation this year’s rally was overdone. La Repubblica

Top ten stocks in Middle East Markets

Middle East markets had a phenomenal February. Find out which stocks performed outstandingly well, and which failed to get investors enthused. Dubai’s market which has often lagged behind other markets was the month’s big winner, rising over 23%. Source: Zawya.com

Only 1 in 4 in MENA Say They Are Better Off Than a Year Ago

Posted on Mar 5, 2012 in Emirates-Middle East, Middle East Outlook

Only one in four people in the Middle East believe they are better off now compared to a year ago, a survey published on Monday has showed. Although consumer confidence in the region remains negative, optimism for the year ahead is high. Source: Arabian Business News

US Targets Dubai Bank Over Iran Dealings

UAE. Dubai has benefited from tougher sanctions pushing more business its way. It has a sizeable Iranian expatriate population and hosts a fleet of traditional wooden dhows (boats) which transport goods across Gulf waters to Iranian ports every day. Source: Bi-ME Related articles Bank in Dubai Says It Cut Ties With Iranian Institutions (nytimes.com) Dubai […]