GCC have reasons to be fearful
Growing tension between the US and Iran threatens to hinder the entire region's economic development. The GCC has good reason to be fearful...
After facing years of criticism for lack of transparency in its financial sector, the UAE has finally introduced a new set of corporate governance guidelines for the country’s banks.
The guidelines are based on international regulations and address not just the issue of transparency but also aim to restore confidence in a system that has been nearly brought to its knees by the global economic downturn.
The notion of trade organisations is a relatively new one in the Middle East. But in times of economic turbulence, strength in numbers is a vital survival tool for companies. It is this thinking that has prompted real estate developers in the GCC region to set up the first Arab Union for Real Estate Development.
A year ago nobody could have predicted that the GCC property bubble would burst in such a spectacular fashion.
Within just days of his inauguration Obama had agreed to carry out a one-on-one interview with Al Arabiya - a huge coup for the channel.