Wednesday 10 February 2016
 
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Millennials shifting car ownership trends

When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at 20-somethings, it could not have guessed that the model would be dead after just 12 years. In killing off the brand last week, the Japanese company was responding

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Economic confidence among Mena CEOs falls to 3-year low

Economic confidence among chief executive officers in the Middle East and North Africa (Mena) region slipped in the final quarter of last year to a three-year low, according to a recent report.    The YPO Global Pulse Confidence Index for the Mena region de

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More women executives mean more profits: study

Companies with 30 per cent female executives rake in as much as six percentage points more in profits, according to a study on Monday, feeding into a global debate over the scarcity of women in decision-making business roles. The conclusion stems from a study of about 22,000 publ

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Emerging markets hit by commodities, credit and currencies

The global economy is being hit by a slowdown in growth, large swings in exchange rates and tumbling commodity prices. These three factors are often portrayed as separate "shocks" but should really be seen as manifestations of the same maturing financial and economic cy

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As Big Oil shrinks, boards plot paths out of crisis

As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis. Crude prices have tumbled around 70 per cent over the past 18 months to around $35 a barrel, leading to fi

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UAE e-commerce to quadruple to $10bn by 2018

GCC banks are aiming to expand digital and mobile customer offerings, even as the UAE’s e-commerce market is set to quadruple to $10 billion by 2018, according to Bank Audi.   Eighty-one per cent of UAE customers would switch banks for a better digital experience, and 6

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Wars, cheap oil hurting Middle East growth

The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 per cent, falling short of a 2.8 per cent forecast in October as war, terrorism and cheap oil took their toll.   In a new report, the bank said five years o

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Airline battle brews in Gulf as Iran eyes regional hub role

An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers. By ordering dozens of long-distance European jets last month after the lifting of sanctions, Iran is p

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Why the Zika virus is causing alarm

Global health officials have said that the Zika virus, which has been linked to severe birth defects in thousands of babies in Brazil, is rapidly spreading in the Americas and could infect up to 4 million people. The race is on to develop a Zika vaccine. Here are some questions a

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Private businesses start 2016 on weak footing

The private sector began 2016 on a slightly weak note around the world, and with scant signs of inflation picking up, pressure will remain on central banks to keep or even ease their already ultra-loose monetary policies, surveys showed on Wednesday. While euro zone businesses st

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