Monday, October 14, 2019

Mobius Says Don’t Buy Dubai Property Before ‘Real Slump’

(Bloomberg) -- Three years ago, Mark Mobius saw his luxury apartments in Dubai go up in flames. While the suites have by now been restored...
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Oman Forum – Empower SMEs for fast track job creation

Oman Forum 2018 made a strong pitch for developing the skills of Omani youth to meet the demands of the job market, while underlining...
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Abu Dhabi Said to Weigh Merger to Create Top Mideast Lender

(Bloomberg) -- Abu Dhabi is considering combining Abu Dhabi Islamic Bank with First Abu Dhabi Bank to create the Middle East’s largest lender, according to...
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UAE Private Companies Cut Jobs at Fastest Pace in a Decade

Companies in the United Arab Emirates’ non-oil private sector cut jobs at the fastest pace in almost a decade as lower crude prices and...
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Dubai’s Long-Awaited Stats Showed Weakest Economy Since 2010

(Bloomberg) -- Investors got their first chance in months to size up how Dubai’s economy has fared during a downturn in its bellwether property sector...
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Energy innovation gains momentum in Oman

Initiatives are in place to establish Oman as a centre for energy technologies and innovation in the region.SparkLabs Energy’s inaugural Demo Day recently showcased...
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Saudi Aramco Is the Most Profitable Company on Earth by Far

Saudi Aramco was the world’s most profitable company in 2018, easily surpassing U.S. behemoths including Apple Inc. and Exxon Mobil Corp., according to an...
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How Bezos Lost Out to Billionaire Ambani in Poll-Bound India

Amazon.com and Walmart Inc.’s plans to dominate India’s online retail landscape have been ambushed by Prime Minister Narendra Modi’s political priorities heading into a...
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M&A Bankers in Demand in Mideast Merger Boom as Oil Drives...

It’s a good time to be an M&A banker in the Middle East.Just one month into the year, five banks are merging: a three-way...
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Saudi Aramco to Acquire $69 Billion Sabic Stake in Record Deal

(Bloomberg) -- Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund...
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