August 4th, 2016 | 0 commentsDespite its dominant role in terms of hydrocarbons reserves, Mena will become the world’s second-largest gas-importing region, according to the International Energy Agency. Consumption of natural gas in the Middle East, the agency forecasts, will rise from 480 billion cu m (bcm) in 2015 to 738 bcm in 2040, said a report titled “Mena: LNG’...
July 4th, 2016 | 0 commentsTwo Abu Dhabi-based banks have agreed to merge to create the single largest lender in the Middle East and North Africa, a statement said on Sunday. The boards of the National Bank of Abu Dhabi (NBAD) and the First Gulf Bank (FGB) voted unanimously in favor of the merger, which would create a lender with assets worth $175 billion, the bank...
April 26th, 2016 | 0 commentsInformation Affairs Minister Ali bin Mohammed Al-Rumaihi stressed the deep rooted fraternal Bahraini-Egyptian relations and the strategic partnership based on cooperation and mutual interests,as well as conformity of visions towards regional and international issues. This came during a dinner banquet today held in Cairo in honour of Bahra...
February 22nd, 2016 | 0 commentsInvestors were sensing a bold agreement between Opec and non-Opec producers to cut oil output as the attempt to raise prices was being cooked up behind the scenes. But sealing that deal did, perhaps, not serve the interests of the world’s largest exporter — Saudi Arabia. Opec member Venezuela, arguably the country most desperate for an ag...
February 7th, 2016 | 0 commentsThe UAE continues to lead the Middle East and North Africa (MENA) region in a global ranking on countries' ability to attract and retain talented employees. The Global Talent Competitiveness Index (GTCI) 2015-16 by business school INSEAD, ranked the UAE as the world's best for retaining talent, a huge leap from 59th last year. Overall, th...
February 2nd, 2016 | 0 commentsMorocco has become “a major force” in the MENA region, thanks to a series of fundamental reforms made under the leadership of King Mohammed VI, according to an article published on the Report. In an article entitled “The New African Ambition of Morocco,” published in collaboration with the International New York Times, the newspaper repor...
January 29th, 2016 | 0 commentsIn the current market, traditional asset allocation has become a zero-sum game,” said John Hailer, chief executive officer of Natixis Global Asset Management in the Americas and Asia. “An investment approach that’s fit for modern markets is needed. Institutional investors are increasingly moving to a broader mix of non-correlated assets a...
January 28th, 2016 | 0 commentsThe UAE continues to lead the Middle East and North Africa (Mena) region in attracting and retaining talent from the world over for its welcoming business climate, high standard of living and cosmopolitanism. The country tops in the Global Talent Competitiveness Index 2015-16 by Insead in the Mena region. Globally, the country is among to...
January 26th, 2016 | 0 commentsEgypt's foreign minister Sameh Shoukry stated that the Arab countries are on their way to chalk out a unified approach in next two weeks to hit back at the interventions by Iran in their internal affairs. Shoukry pointed out that a committee comprising UAE, Saudi Arabia, Bahrain and Egypt has been formed after the last Arab League meeting...
January 22nd, 2016 | 0 commentsDHL, leading logistics provider and official Logistics Partner for the Bahrain International Airshow 2016, has announced the addition of two Boeing 767 Aircraft to its Middle East and North Africa (Mena) fleet, headquartered in Bahrain. The DHL 767s will be unveiled at the Bahrain International Airshow 2016, which DHL is supporting follow...
