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Economy

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New strategy: Washington and its allies plan to wipe out Isis targets wherever they are, including Syria

Washington takes the initiative Subscription

11 September 2014 | By

Air strikes by a US-led coalition are key to the pushback against Isis

Under the leadership of CEO Mahmood Hashim al-Kooheji, Mumtalakat has managed to turn its business around

Interview with Mahmood Hashim al-Kooheji, CEO, Mumtalakat Subscription

11 September 2014 | By

Having steered Bahrain’s sovereign wealth fund back to profitability, Mahmood Hashim al-Kooheji is now aiming to take Mumtalakat international

With Isis headquartered in Syria, collaboration with Al-Assad may be crucial to containing the group

Can the world work with Al-Assad to combat Isis? Subscription

4 September 2014 | By

Whereas a year ago collaboration with Al-Assad would have seemed unthinkable, a greater threat has emerged

Russia's President Vladimir Putin with Egyptian counterpart Abdul Fattah al-Sisi

Russia looks to the Middle East Subscription

21 August 2014 | By

As sanctions imposed by the West begin to bite, Russia faces a potential funding gap and is looking to form new alliances in the Middle East and North Africa

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription

17 August 2014 | By

Investors face a widening and complex web of risks in the Middle East and North Africa region

Oil production

Saudi oil revenues expected to top $300bn Subscription

11 August 2014 | By

Strong oil prices coupled with sustained high production leads to upwards revision in forecast

The Louvre Abu Dhabi

The GCC’s growing art spend Subscription

24 July 2014 | By

Qatar and Abu Dhabi are among the states muscling in on the international art market

Yemen crude production

Unrest in Yemen to weigh on oil production Subscription

21 July 2014 | By

Increasing violence and shifting territories may force oil companies to cut investment

Stalemate: Iran and the P5+1 countries seem unlikely to reach a quick resolution

Outlook for doing business with Iran improves Subscription

17 July 2014 | By

While a quick resolution on Iran’s nuclear programme remains elusive, many countries in the region are strengthening ties with the Islamic Republic

Rescue: Aramco took over the development of Jizan Economic City to prevent its failure

Saudi Aramco’s mission creep Subscription

17 July 2014 | By

The oil major’s influence is spreading as it proves itself to be a reliable client for Riyadh

Iran nuclear talks 14 July 2014

Business world eyeing Iran opportunities as nuclear talks come to a head Subscription

14 July 2014 | By

GCC stands to gain by boosting ties with a more open Iran after years of strained relations

Egypt fiscal balance and government debt

Al-Sisi kicks off austerity drive Subscription

10 July 2014 | By

Protests over fuel subsidy cuts mean the new president faces a difficult balancing act in shrinking Egypt’s fiscal deficit and maintaining his popularity

Observers: Qatar sent a 140-strong delegation to Brazil to learn from its World Cup successes and mistakes

What Qatar can learn from Brazil World Cup Subscription

10 July 2014 | By

Brazil’s World Cup experiences can teach Qatar valuable lessons on how to host its event in 2022

Getting ready: Qatar is preparing to host the 2022 World Cup by airing this year's games in specially built fan zones

Qatar experiments ahead of hosting World Cup Subscription

9 July 2014 | By

The biggest challenge in hosting the 2022 Fifa World Cup in Qatar could be catering to thousands of football fans used to a less restrictive environment

Dubai Multi-Commodities Centre

DMCC fuels commodity flows through Dubai Subscription

8 July 2014 | By

Dubai’s diamond and gold trade soars

Al-Mahmoudi: Relationship with Dubai very important

Regional market key to Sharjah's economic growth Subscription

3 July 2014 | By

Hussain Mohamed al-Mahmoudi, the director-general of Sharjah Chamber of Commerce, highlights the role trade plays in Sharjah’s economic growth

Power

GCC power contract awards up in 2014 Subscription

2 July 2014 | By

Project contract awards in power sector up 21 per cent year-on-year for first six months of 2014

Nuclear power

Egypt makes another tilt at nuclear power Subscription

30 June 2014 | By David Butter

President Abdul-Fattah al-Sisi named the El-Dabaa nuclear power among his priority national projects in his first speech following his inauguration. The challenge is making it a reality

Mending relations: US Secretary of State John Kerry (left) visited Egypt in late June

Al-Sisi’s foreign policy challenge Subscription

26 June 2014 | By

The new president’s strong-arm moves could both attract investment into Egypt and turn international opinion against him

Iraq

Iraq violence is about money not religion

25 June 2014 | By

The struggle for mastery of Iraq’s $20tn oil and gas reserves

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MEED comment

Iraq's Prime Minister Haidar al-Abadi

Baghdad unity government a positive step

11 September 2014 | By

Al-Abadi faces huge challenge to bridge sectarian divides

It is too early to tell whether the late August air strikes targeting Islamist-linked Libyan militias portend a longer and deeper UAE engagement, but a precedent has been set

Abu Dhabi adopts assertive stance

10 September 2014 | By James Gavin

The UAE’s military intervention in Libya shows it is ready to act in defence of its regional interests

Syria's President Bashar a-Assad

Respite from cold for Al-Assad

4 September 2014 | By

The West might have to ask the Syrian leader for assistance in stamping out jihadist group Isis

The Pentagon in the US

UAE cuts out the middle man in Libya

28 August 2014 | By

By bombing Libya, the UAE and Egypt open the door to backlash from both allies and enemies

Burj al-Arab, Dubai

Dubai opens door for more African business

28 August 2014 | By

International governments see Dubai as ideal springboard for Sub-Saharan Africa

Libya

Recovery in Libyan oil exports

21 August 2014 | By

The country is further than ever from being able to form a unified military force to resist the militias

Kurdistan

Isis threatens Kurdish hopes

21 August 2014 | By

Erbil faces difficult questions about its quest for independence

Iraq: Fighting has displaced 170,000 people in Sinjar

Erbil could face unilateral battle

7 August 2014

The Kurds’ dispute with Baghdad could affect their chances of getting international help against Isis

Regional: Interest in contemporary art is growing

Art investors grow cautious

24 July 2014 | By

The global economic recession affected art sales as well. Its fallout has ensured the region’s art market is growing at a steady yet cautious pace

Learning: Qatar has been watching Brazil 2014 closely

Doubts remain over Qatar 2022 Subscription

10 July 2014 | By

After Brazil 2014 has ended, the focus will return with greater intensity to Qatar and whether it can host the 2022 football tournament

The Mall of the World site as seen from Sheikh Zayed Road

Dubai must grow for world’s biggest malls Subscription

6 July 2014 | By

Almost every major shopping centre in the emirate is being expanded

Blockade

Libyan rebels end oil port blockade Subscription

3 July 2014 | By

Oil crisis seems to be at an end, but further disruption is likely and could see blockades return

Egypt

Journalists’ jailing fuel for instability Subscription

26 June 2014

The imprisonment of three Al-Jazeera journalists could turn support for Al-Sisi against him

Education

Region must put in the extra effort Subscription

19 June 2014 | By

The GCC has world-class schools in place, but needs to learn how to use them to its advantage

Nouri al-Maliki

Iraq's ill-equipped prime minister Subscription

19 June 2014 | By

Nouri al-Maliki’s declining popularity and loss of control over vast areas of Iraq has weakened his mandate to lead the country

Iraq conflict

Iraq on the brink of destruction Subscription

12 June 2014 | By

Conflict threatens Sunni-Shia tensions across the region. To prevent civil war in Iraq, a decisive response by Washington is required

Egypt Al-Sisi supporters

Al-Sisi will be under pressure Subscription

12 June 2014

Egypt’s newly elected president faces a tough year ahead as he juggles the needs of the people along with those of foreign investors

Syria votes

Syria’s political divide set to deepen Subscription

5 June 2014

The opposition’s views have been trampled by the recent elections that reinstated Al-Assad as president, and tensions are set to increase

Real estate

Rental rates key to market stability Subscription

29 May 2014

If landlords continue to push up rents in Sharjah, they risk hurting the current growth in the market

Change: Many Libyans hope Haftar will bring stability

Libya: Lurching back into civil war Subscription

29 May 2014

Both sides in the conflict for power in Libya are ready to take each other on and there are signs the clashes will further destabilise the country

See all MEED commentary

Special reports

Houthi supporters hold protests in Sanaa on 12 September. They are calling for a bigger say in the make-up of the new government and the full reinstatement of the fuel subsidies

Yemen's ticking time bomb Subscription

16 September 2014 | By Peter Salisbury

Escalating protests by Houthi supporters and increasing activity by Al-Qaeda in the Arabian Peninsula mean Yemen is facing the greatest threat to its stability since the 2011 uprising

Metro

Non-oil sectors driving Saudi growth

16 September 2014 | By

About 37 per cent of projects under execution are in the transport sector

Riyadh

Riyadh's reserves offset risk from falling oil prices

16 September 2014 | By

NCB Chief Eonomist Said al-Shaikh says Saudi Arabia is better placed than in the past to manage the risk from oil price drops

A previous air strike hit Tripoli airport and was said to be carried out by the UAE, according to US officials

New round of air strikes target Libya militias Subscription

16 September 2014 | By

Former army general Khalifa Haftar claims responsibility for attack

Libya's prime minister, Abdullah al-Thinni, has accused Qatar of arming Islamist militias

Libya accuses Qatar of arming Islamists Subscription

16 September 2014 | By

Prime Minister Abdullah al-Thinni says planes delivered weapons to militias

Doha

Qatar ejects senior Muslim Brotherhood members Subscription

14 September 2014 | By

Brotherhood leaders say they are looking for a new base for the group’s international operations

New strategy: Washington and its allies plan to wipe out Isis targets wherever they are, including Syria

Washington takes the initiative Subscription

11 September 2014 | By

Air strikes by a US-led coalition are key to the pushback against Isis

Iraq's Prime Minister Haidar al-Abadi

Baghdad unity government a positive step

11 September 2014 | By

Al-Abadi faces huge challenge to bridge sectarian divides

Under the leadership of CEO Mahmood Hashim al-Kooheji, Mumtalakat has managed to turn its business around

Interview with Mahmood Hashim al-Kooheji, CEO, Mumtalakat Subscription

11 September 2014 | By

Having steered Bahrain’s sovereign wealth fund back to profitability, Mahmood Hashim al-Kooheji is now aiming to take Mumtalakat international

Obama said the US will send 475 military personnel to assist in the crackdown on Isis

Obama prepared to target Isis in Syria Subscription

11 September 2014 | By

Washington outlines strategy for tackling terrorist group

Yemen

Rebels call for government to stand down in Sanaa Subscription

11 September 2014 | By

Violence sparks fears of ongoing conflict in Yemen’s capital

It is too early to tell whether the late August air strikes targeting Islamist-linked Libyan militias portend a longer and deeper UAE engagement, but a precedent has been set

Abu Dhabi adopts assertive stance

10 September 2014 | By James Gavin

The UAE’s military intervention in Libya shows it is ready to act in defence of its regional interests

Point man: Western policymakers have formed increasingly close ties with the UAE crown prince (centre)

Abu Dhabi enters the fray Subscription

10 September 2014 | By James Gavin

The UAE’s decision to deploy its air force in Libya signals it is replacing its traditional role as a mediator with a more assertive approach

Professional launderers have frequently used the UAE to launder criminal proceeds. Often this takes the form of individuals arriving in the UAE with suitcases stuffed with cash, intended to buy real estate, thereby laundering illicit proceeds

Clamping down on hot money Subscription

10 September 2014 | By James Gavin

The UAE authorities are becoming increasingly aware of the growing threat money laundering poses to the country’s reputation as a regional financial centre

Abu Dhabi

Abu Dhabi completes smart city study

9 September 2014 | By

Study prepared a three-year roadmap

Jeddah in Saudi Arabia

Jeddah population to double in next six years

9 September 2014 | By

City will have more than six million people by 2020

Dubai

Learn to leave the car at home, says Atkins CEO

9 September 2014 | By

GCC has special drivers for smart city initiatives, but a cultural shift to public transport is needed

Morocco

Morocco’s government bond rating is upgraded Subscription

7 September 2014 | By

Rating agency Moody’s changes outlook to stable

Syria's President Bashar a-Assad

Respite from cold for Al-Assad

4 September 2014 | By

The West might have to ask the Syrian leader for assistance in stamping out jihadist group Isis

Iran Vienna nuclear talks

Iran nuclear talks to restart in New York on 18 September Subscription

4 September 2014 | By

Tehran and P5+1 world powers aiming to reach agreement by 24 November deadline

Electicite du Liban

Lebanon utility calls for end to strike Subscription

4 September 2014 | By

Strikes over contracts have resulted in prolonged blackouts in some areas

Egyptian soldiers

Egyptian soldiers killed in Sinai attack Subscription

4 September 2014 | By

Roadside bomb kills 11 as regional violence increases

Shia Houthis reject Al-Hadi's planned proposals

Yemen president dismisses government Subscription

4 September 2014 | By

Move is an effort to appease Houthi protesters angered by planned subsidy cuts

Suez Canal

Egypt’s Central Bank predicts huge turnout for Suez Canal project Subscription

3 September 2014 | By

Project involves 34-kilometre-long parallel channel

Tripoli

Libyan militias seize ministries in Tripoli Subscription

2 September 2014 | By

Government says most institutions and state bodies in the capital are beyond its control

US embassy compound in Tripoli, Libya

Militia takes control of US embassy in Tripoli Subscription

1 September 2014 | By

Armed group says it is defending the compound to prevent looting

See all economy special reports

Presentations

Dubai creek

Managing the Boom: The Outlook for the Middle East Subscription

23 July 2014

Opportunities and challenges for businesses in the region created by the new projects boom

See all presentations

Latest news

Metro

Non-oil sectors driving Saudi growth

16 September 2014 | By

About 37 per cent of projects under execution are in the transport sector

Riyadh

Riyadh's reserves offset risk from falling oil prices

16 September 2014 | By

NCB Chief Eonomist Said al-Shaikh says Saudi Arabia is better placed than in the past to manage the risk from oil price drops

A previous air strike hit Tripoli airport and was said to be carried out by the UAE, according to US officials

New round of air strikes target Libya militias Subscription

16 September 2014 | By

Former army general Khalifa Haftar claims responsibility for attack

Libya's prime minister, Abdullah al-Thinni, has accused Qatar of arming Islamist militias

Libya accuses Qatar of arming Islamists Subscription

16 September 2014 | By

Prime Minister Abdullah al-Thinni says planes delivered weapons to militias

Doha

Qatar ejects senior Muslim Brotherhood members Subscription

14 September 2014 | By

Brotherhood leaders say they are looking for a new base for the group’s international operations

Obama said the US will send 475 military personnel to assist in the crackdown on Isis

Obama prepared to target Isis in Syria Subscription

11 September 2014 | By

Washington outlines strategy for tackling terrorist group

Yemen

Rebels call for government to stand down in Sanaa Subscription

11 September 2014 | By

Violence sparks fears of ongoing conflict in Yemen’s capital

Abu Dhabi

Abu Dhabi completes smart city study

9 September 2014 | By

Study prepared a three-year roadmap

Hazem Galal, PwC

Middle East governments must shape smart cities standards

9 September 2014 | By

Get involved or accept other countries’ standards, regional governments told

Jeddah in Saudi Arabia

Jeddah population to double in next six years

9 September 2014 | By

City will have more than six million people by 2020

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