Saturday 27 December 2014

What's in store for markets in 2015?

Wall Street was generally calmer in 2014 than in previous years, but that doesn't mean the stock market was devoid of drama. Big selloffs in biotechnology and social media stocks had strategists predicting doom in the spring, and the plunge in oil prices has clouded the outlo


Mideast smartphone sales surge 50pc in Q3

Emerging markets witnessed some of the highest sales in smartphones, with the Middle East and Africa achieving the highest increase in the third quarter of 2014, with sales growing almost 50 per cent year-over-year, a report said. Globally, sales of mobile phones to end users wer


Value emerges amid GCC equity market volatility

GCC markets end the year flat after a correction caused by oil price volatility, but 2015 looks promising for investors due to strong fundamentals and low valuations, a report said. The performance of GCC markets was mixed in 2014, with the first nine months characterised by a st


Banks drop to fourth place as career choice in UAE

Banking ranked fourth most popular industry to work in for business students from the UAE, falling from second-most popular in the space of one year, a report said. Airports and airlines, software companies and the fast-moving consumer goods (FMCG) sector were the top preferred p


Global economy expected to edge up 2pc in 2015

Investment professionals worldwide expect the global economy to grow an average of just 2 per cent in 2015, a report said. Political risks, including secessionist and nationalistic movements, as the most underestimated risk that could negatively affect markets in the next five ye


How technology shapes ‘future of work’

Smartphones and wearable devices will be the future workforce’s most important “connected” device – while the laptop remains the workplace device of choice, according to a report that explores how technology will shape the ‘future of work’. Wor


The inside story of the new Airbus A350 jet

Ten years ago, the boss of Qatar Airways, who takes his first new A350 jet this week, warned Airbus it was flying off course. Boeing was knocking on his door with a "super-efficient" jet boasting 30 per cent fuel savings thanks to a carbon-composite design.


Oman set to top region in luxury spending in 2015

A majority (53 per cent) of luxury spenders in Oman plan to spend more on luxury goods and experiences in 2015, a report said, highlighting that this compares to a regional average of 31 per cent. This and places Oman ahead of all other countries in the new survey entitled new Am


Iran's support for Syria tested by oil price drop

Syrian businessmen and trade officials say they are worried the economic lifeline provided by Iran is under strain from plunging oil prices, despite public messages of support from Syria's strongest regional ally. Syrian President Bashar al-Assad has relied on oil-producing I


GCC braces for $350bn loss on oil plunge

Gulf countries could lose at least half their oil revenues or around $350 billion a year as crude prices plunge, according to senior analysts.   The GCC states, which pump about 17.5 million barrels per day, are bracing for tough times after oil prices have drop

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