Thursday 21 August 2014
 
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Ultra wealthy to spend more on luxury goods

The spending of ultra-high-net-worth individuals (UHNWIs) on luxury goods is set to increase globally this year, said a survey. The Wealth Report’s Attitudes Survey found that over a third of the wealth advisors expected the

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GCC rail projects 'worth $194bn'

Railway construction projects worth $194 billion are currently planned or underway in the GCC and is set to transform life and work in the region in the next decade, said a report. About $30 billion of major rail project contracts

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Iraqi 'oilfield worth $7bn'

Russian oil company Lukoil could gain reserves worth up to $7 billion if it manages to revive a Saddam-era Iraqi oil deal, analysts at JP Morgan said. The Russian government has called on Iraq to support Russian oil and gas investments th

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UAE industrial sector worth $19.9bn

The Emirates’ industrial sector has made huge strides over the past four years and was worth Dh73 billion ($19.9 billion) by end of 2007, said UAE's minister of state for finance & industry. Addressing the Dubai Industrial Investm

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Gulf FM market worth $892bn in 25 years

The facilities management (FM) market in the Gulf will be worth an estimated $892 billion over the next 25 years, according to a study. The figures released by Middle East Strategy Advisors (Mesa) show that the FM industry in the UAE alone

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GE Healthcare names EAGM president

GE Healthcare, the $17 billion healthcare business of General Electric Company (GE), has combined the Eastern and Africa growth markets (EAGM) region into a single International Diagnostic Imaging operation and appointed its new chief. Ri

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Foreigners buy $1.7b shares at DFM

Foreign investors (non-UAE nationals) bought shares and bonds worth Dh6.505 billion ($1.7 billion) during last week, Dubai Financial Market (DFM) has said. The week (January 20-24) saw foreigners snapping up 32.8 per cent of the total

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