Friday 3 July 2015

ME property market among world’s fastest growing

Middle East real estate market revenues have augmented at a compounded annual growth rate (CAGR) of 4.7 per cent between 2009 and 2014, making it one of the fastest growing sectors across the world, a report said. Foreign real estate developers have infused billions of dollars in


Mall rental rates curbing retail growth in Saudi

High rental rates in the top-tier malls are deterring the growth of Saudi Arabia’s retail market, a report said, noting that the kingdom is currently facing a great challenge due to scarcity of human resources owing to high attrition rates. Availability of substitute produc


Oil bull market seen as Brazil, Iraq cut output targets

Massive downward revisions to oil output in Brazil and Iraq have increased the risks for oil markets of going from the current feast to famine within just a few years, leading to a price spike that would give a new boost to the US shale industry. Brazil and Iraq had been expected


Second quarter M&A close to record amid mega deals

Mergers and acquisitions (M&A) worldwide in the second quarter of 2015 almost matched the record set in the second quarter of 2007, according to preliminary Thomson Reuters data, as big companies turned to deals to boost their market share. Low interest rates and stronger con


Children in conflict zones need $2.3bn to go to school

The 34 million children who are out of school in conflict-affected countries need $2.3 billion to get them all schooling, ten times the amount education currently receives in aid, the United Nations' education agency Unesco said on Monday. "Returning to school may be the


Big hurdles to Iran nuclear deal as deadline looms

As a June 30 deadline for a final nuclear deal approaches, major differences remain between Iran and world powers on several key issues including sanctions relief and U.N. access to Iranian sites, a senior Western diplomat said on Friday. "The most difficult subjects need to


Friday attacks show Islamic State's growing reach

The attacks came one after the other in the space of a few hours. In France, a decapitated body covered in Arabic writing was found after an attacker rammed his car into a gas container, triggering an explosion. In Kuwait, a suicide bomber blew himself up in a packed Shi'ite


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