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With construction work well under way ahead of the opening of the event in 31 months’ time, the property market remains stubbornly in the doldrums. (Shutterstock)

March 28th, 2018 - 07:43 GMT

Dubai Property Market to Banish Real Estate Gloom With Expo 2020 Megaprojects

It has been almost half a decade since Dubai was awash with exuberance following its Expo 2020 bid win.

Regardless of who is elected, one of the toughest challenges the new president of Egypt will face is to secure the hefty $22.5 billion needed to finance the deficit of the recently released state budget for the fiscal year 2012-2013

June 12th, 2012 - 10:11 GMT

Egypt confronts economic hardships

UAE economic growth will decelerate to 3 percent this year from 4.9 percent in 2011 as oil output growth eases

May 10th, 2012 - 12:53 GMT

Lend-Slide: Top UAE banks lending falls

The GCC economies face important demographic challenges

May 10th, 2012 - 10:40 GMT

Full throttle GCC growth fuelled by high oil prices

The effects of higher oil prices on Lebanon would further weaken its fiscal and external balance sheets given that the country relies heavily on oil imports

March 11th, 2012 - 10:13 GMT

Lebanon to weather rise in global oil prices

S&P said it continued to observe structural imbalances in the financial sector stemming mainly from sharp growth in lending

February 22nd, 2012 - 04:19 GMT

Lebanon’s economic revival to be slow

Banks in the Middle East and Asia that comply with Sharia law have demonstrated a strong appetite for new assets that meet their requirements

February 16th, 2012 - 08:02 GMT

Global crisis boosts sukuk growth

A spike in oil prices would fuel inflation and upset a fragile economic recovery in both developed and emerging markets

February 15th, 2012 - 04:24 GMT

Iran tensions could disrupt global recovery

A reduction or re-targeting of Iranian oil exports might increase the price that Gulf oil exporters can expect

February 15th, 2012 - 11:10 GMT

Hormuz disruption could boost oil price to $150

“Like all other emerging markets, there has been some spillover from the political instability in the region, mainly due to heightened risk aversion among institutional foreign investors,” said Dr. Fabio Scacciavillani, chief economist at Oman Investment Fund

January 16th, 2012 - 01:56 GMT

UAE: Calls for bourse merger as indexes take a beating

Independent analysts said in countries such as Egypt and Lebanon, the banking sector could face negative rating action

December 12th, 2011 - 05:12 GMT

S&P to review ratings of 50 banks in Middle East

On Thursday, the UAE markets saw extremely low volumes amid a complete lack of investor risk-appetite

November 20th, 2011 - 09:16 GMT

Global economic worries to weigh on region’s shares

Some of the key financial soundness indicators suggest that banking systems are generally well-capitalised and that provisioning levels are satisfactory

November 14th, 2011 - 07:31 GMT

Gulf banks’ profit, loan growth likely to remain under pressure