House price growth in Dubai appears to be slowing, with a bottoming out of the market likely to happen at the tail of 2016, according to international real estate consultancy, Cluttons. According to Cluttons’ Dubai 2015/16 Winter Residential Property Market Outlook, values for both apartments (-0.8 percent) and villas (-0.5 percent) dipped marginally during Q3,…
Amazon’s latest results were so superb that they catapulted the online retailer’s market value beyond that of Walmart Stores for the first time. Now, the $250 billion goliath led by Jeff Bezos finds itself in another spot that its bricks-and-mortar rival will more happily cede: defending labor practices. Following a front-page New York Times article…
The UAE’s move to deregulate fuel prices isn’t significant enough on its own to have a short-term impact on sovereign ratings, S&P has said. Speaking to TRENDS, Stuart Anderson, Managing Director and Regional Head – Middle East at S&P said it is still premature to take a view on the precise impact the decision could…
Fidaa Baddour, Regional Marketing Director of Bulgari says that the demand for luxury in the region is likely to remain strong for the next 5-6 years despite the macroeconomic challenges. The region’s strong appetite for luxury brands, along with higher spends on building luxury infrastructure in the run-up to events such as Expo-2020 and the…
The job market activity has picked in the UAE, as the country has witnessed some of the highest number of job listings in the region, says Bayt.com. The job-listing platform, which also carries out market surveys, says an average of 4,000 jobs are advertised daily on its website in the UAE. According to the latest…
Ever greater regulatory complexity, coupled with an increasingly integrated world is making risk management ambiguous. For years, financial innovation and international diversification were seen as the golden path towards an optimal allocation of risk in the economy. Then came the financial crisis of 2007 and 2008. Fear and uncertainty sent shockwaves through a complex and…
William C. Dudley, the president of the Federal Reserve Bank of New York, gave a speech recently in which he used the word “culture” 45 times. Here’s how he defined it: “Culture relates to the implicit norms that guide behavior in the absence of regulations or compliance rules – and sometimes despite those explicit restraints….
Whoever said that you just needed money to buy the most awaited motorcycles of 2014 has not gone shopping yet? Yes, that’s right. If you are planning to splurge on a two-wheeled guzzler this year, make sure you have loads of attitude to carry it off. Global vehicle classifieds platform Carmudi did a bit of…
Investor sentiment remains cautiously optimistic given the strong fundamentals of the GCC economies, especially relative to emerging markets in other regions, says asset manager Invest AD. A number of GCC companies are showing solid underlying growth, and a burst of new projects and investments announced in the UAE, Qatar, Oman, Saudi Arabia and Kuwait is…
With a potential for demand and growth, entering the UAE’s electronics retail market can appear to be a lucrative opportunity. Entrepreneurs and businesses need to be very sharp and careful when venturing into this industry, says Neelesh Bhatnagar, CEO of electronics retailer, Emax, which is part of the Landmark Group. “Since technology is changing very…
