Search Results for: United Arab Emirates
UAE, China set up $10 bln joint strategic investment fund
December 15th, 2015
The United Arab Emirates and China have established a joint strategic investment fund worth $10 billion, the UAE’s state news agency reported, as China pursues its ambition to rebuild Silk Road trade routes. The agreement was clinched during a ...
Tour Operators: Which countries to substitute Turkey, Egypt for Russian tourists
December 10th, 2015
UAE, Thailand, India to substitute Turkey, Egypt for Russian tourists Tour operators have seen an increase in the demand for Middle East and Asia tours following ‘the loss’ of Egypt and Turkey destinations, the newspaper Kommersant wrote on Friday. ...
HSBC cuts UAE retail, commercial bank jobs
November 23rd, 2015
HSBC has cut jobs in its retail and commercial banking units in the United Arab Emirates (UAE) as the bank prepares for lower growth in the Gulf Arab state next year, a source familiar with the matter said on ...
Oil Majors Don’t Share OPEC’s Optimism On Oil Prices In 2016
November 12th, 2015
OPEC’s meeting in Vienna is less than a month away, and oil producers – countries and companies alike – have been raising their concerns at an energy conference in the United Arab Emirates over the cartel’s strategy to keep ...
The Middle East Could Face A Historic Crisis By Century’s End
November 10th, 2015
Regarding the Middle East and its oil, the late Sheikh Rashid Bin Saed Al Maktoum, longtime Emir of Dubai and Prime Minister of the United Arab Emirates, once famously remarked: “My grandfather rode a camel, my father rode a camel, ...
OPEC’s Strategy Seen Potentially Backfiring
November 10th, 2015
Decision against controlling oil output could add to sustained period of low oil prices and dent revenues, IEA says OPEC’s unwillingness to limit its oil output could help usher in a sustained period of low prices and more pain ...
IMF’s Lagarde Discusses Economic Challenges with GCC Countries
November 9th, 2015
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of a meeting in Qatar with the finance ministers and central bank governors of the Gulf Cooperation Council (GCC)1 : “I ...
RAK, UAE, and traditional tax havens
September 25th, 2015
What is the difference between the United Arab Emirates (UAE) and other popular tax havens? Why more and more international traders and investors find the UAE to be one of the best places to incorporate offshore companies for various ...
Gold dips as Yellen says Fed on track to hike rates this year
September 25th, 2015
Gold dropped from its highest in a month on Friday as the dollar rallied on an assurance from Federal Reserve chair Janet Yellen that the U.S. central bank would begin raising rates this year. Spot gold had fallen 0.7 ...
Kuwait stock market shrinks as its economy underperforms more dynamic economies in the Gulf
September 21st, 2015
Kuwait stock delistings threaten market’s status Kuwait market shrinks as others expand Some firms complain about low valuations, liquidity Others cite costs of maintaining listing Regulator says oil companies could be listed Effort to upgrade Kuwait to emerging market ...
