Category Archives: Global

Climate Change Could Force Millions to Flee Middle East

Researchers of the Max Planck Institute for Chemistry in Germany and the Cyprus Institute in Nicosia have found that limiting global warming to just 2 degrees Celsius will not be sufficient to prevent uninhabitable conditions from developing in the Middle East and North Africa. The 2-degree limit is the compromise target temperature that was reached… Continue Reading

Dubai Ranked 25th for World’s Most Expensive Office Rentals

According to the international real estate services firm CB Richard Ellis, Dubai is among the world’s most expensive countries in which to rent office space, ranking 25th in the world. Overall occupancy costs average out to about $92.56 per square foot in the Gulf emirate. Abu Dhabi was also examined in the report, but found… Continue Reading

UAE and South Korea Strengthening Economic Ties

Abdullah Khalfan Al Rumaithi, the United Arab Emirates Ambassador to South Korea said in an interview that the UAE is eager to enlarge and strengthen its partnership with South Korea, especially in the areas of renewable energy, oil, training, education, construction, shipbuilding, semiconductors, information technology and telecommunications. Two Leaders Meet Progress in the economic and… Continue Reading

Qatar Company Full Partner at Traditonal British Horseracing Event

Qipco Sponsoring British Champions Series The wealthy Gulf State of Qatar will have a key presence at one of England’s leading sports events this year as the Qatar International investment and Projects Development Holding Company (Qipco) has signed a “multi-million pound” title sponsorship deal with the British Champions Series. Karl Oliver, chief executive officer of… Continue Reading

Middle East Unrest Holds Back Airline Industry Growth

According to the International Air Transport Association (IATA), the air travel industry has been adversely affected by the widespread unrest throughout the Middle East and North Africa during the month of February. Negative Reaction to Unrest and Earthquake The Director General of the IATA, Giovanni Bisignani pointed out on Tuesday that the industry showed only… Continue Reading

Gold Rises as Turmoil in Libya Continues

Air Strikes Shaking Tripoli and Economy In response to the air strikes on Libya from the west, oil prices are rising as well as the price of gold. Economists are worried that inflation will set in as gold becomes a safe bet for investors concerned that Mideast tensions will not resolve as quickly as first… Continue Reading

Stick and Carrot Should Be Tried in Middle East

As violence continues to escalate in the Middle East analysts in the United States are wondering what the best approach to achieving security in the region might be. In wake of the rocket attack of a convoy of British embassy personnel which took place in the Yemeni capital of San’a recently the United States is… Continue Reading

Islamic Finance : Persian Gulf Sells Sukuk in Malaysia

Persian Gulf borrowers are raising funds for expansion and taking advantage of demand in Malaysia, the world’s biggest market for Shariah-compliant bonds. The borrowers are ringgit-denominated Islamic bonds very rapidly. Abdulrahman Al Saleh, the director general of the emirate’s Department of Finance, said that Dubai’s government is “likely” to sell bonds next year and it… Continue Reading