HolidayMe looks to make its mark in online travel in the Middle East
Traveller numbers are soaring in the region and a ‘new-age’ OTA based in Dubai has piqued the interest of some…
Market Forecasts
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We're Doomed To Bankruptcy Unless Changes Made, Says Saudi Official
It’s common knowledge for anybody that follows international news that the more than two year long roil in global oil…
Turkish unemployment rate seen higher than 10 percent until 2019 – programme
Turkey's unemployment rate is forecast to be 10.5 percent this year, remaining above 10 percent the next two years before…
More UAE investors change expectations on returns amid rising risks
Majority of the investors in the UAE have raised their expectations marginally in terms of returns even as they become…
Yemen’s new central bank governor says inherited ‘bank empty of money’
Yemen’s newly appointed central bank governor said on Thursday he had inherited a bank with no money, a dysfunctional monetary…
Saudi Arabia hands tied as rising rates risk worsening economy woes
Saudi Arabia’s currency peg is forcing the central bank to look beyond rate cuts to spur growth, as a slowdown…
Saudi central bank's foreign assets edge down in August
Net foreign assets at Saudi Arabia's central bank fell to $554 billion in August, down by about $1 billion from…
Ride-hailing company Careem says profitability in sight
Ride hailing service Careem is targeting profitability next year or in 2018 and is in talks with potential investors about…
Arab economies expected to grow 2.6 per cent in 2016 and 3.1 per cent in 2017
Arab economies have been affected in 2016 by the developments in the global economic environment especially weak external demand levels…
Qatari banks see turnaround in 2017
With bulk of the first half earnings season now over and the banks delivering weak numbers, the focus is on…
UAE Economic Outlook Remains Optimistic Despite Increased Regional Supply Chain Risk
Supply chain risk across the Middle East and North Africa climbed to 4.406 from 4.371 during the second quarter of…
Credit Suisse is bullish on sultanate’s equity market
Credit Suisse expects a better performance by Gulf equities, going ahead, mainly supported by its more positive outlook on oil…