As a start-up, it can be hard to stand out from the flock, but Dubai-based Joi Gifts may succeed over Eid Al Adha 2018 with its extraordinarily lifelike sheep cake.
Sunday 19 August 2018- ZAWYA
The four biggest banks in the United Arab Emirates are likely to maintain profit stability over the next 12 to 18 months, according to Moody’s. Banks have enjoyed higher levels of profitability as interest rates have risen recently, but the ratings agency warned that they may have to make more provisions for bad debts as the economic outlook softens.
Thursday 16 August 2018- ZAWYA
The Saudi Arabian Government’s oil revenue increased by 67 percent year-on-year in the second quarter of 2018 to 273 billion Saudi riyals ($72.8 billion), while non-oil revenue also saw a significant increase of 42 percent to 184 billion riyals.
Wednesday 15 August 2018- ZAWYA
A recent decision in Abu Dhabi aimed at increasing demand for generic medicine - drugs that use formulas similar to branded drugs, but sold at cheaper prices - needs time to gain public acceptance to achieve the positive impact it is expected to have on users and insurance companies, an analyst has said.
The Abu Dhabi-based Department of Health announced on July 31 that “a new mechanism to mandate dispensing of generic medicines… for patients as prescribed by their doctors and are covered by Health Insurance” would be introduced in a post on its website.
Tuesday 14 August 2018- ZAWYA
Turkey’s precarious economic position is putting significant strain on its banking sector, which is facing a negative outlook for the second half of 2018 and early 2019, despite an improvement in performance in recent years, analysts say.
Monday 13 August 2018- ZAWYA
The UAE's non-oil economy witnessed slowing growth in July, according to new data.
The Emirates NBD UAE Purchasing Managers' index dropped to 55.8 in July, down from 57.1 in June, which was the slowest rate of growth for three months.
Non-oil growth also slowed in Saudi Arabia, but improved in Egypt.
Sunday 12 August 2018- ZAWYA
A roundup of some of the commentary from this week's Zawya Opinion section.
"Is Trump truly winning the trade war? In my opinion, a large portion of the tariffs will be paid by U.S. consumers."
Thursday 9 August 2018- ZAWYA
The total value of investment banking fees earned in the Middle East and North Africa (MENA) so far this year has decreased by 17% year-on-year, according to data from Thomson Reuters Deals Intelligence.
When it comes to individual banks, Standard Chartered plc topped the MENA rankings so far this year.
Thursday 9 August 2018- ZAWYA
While the number of job vacancies advertised for professionals in the Middle East increased by 27% in Q2 this year, a new industry report released this week found that the introduction of value-added tax has not resulted in the huge job creation surge many predicted.
The latest Middle East Jobs Index has seen a rise in demand for treasury experts, sales and marketing candidates in Saudi Arabia, dispute lawyers, energy experts, candidates with experience in treasury, and Gulf nationals in general.
Wednesday 8 August 2018- ZAWYA
• Canadian imports to Saudi Arabia amounted to $969 million last year, while Saudi Arabian companies sent just $90 million worth of goods to Canada
• There is concern over the future of a $15 billion arms deal for Canada to supply Saudi Arabia with light armoured vehicles
• Saudi Arabia announced that around 16,000 Saudi students studying in Canada would be recalled
• Saudi Arabian Airlines has suspended flights to and from Toronto
• The UAE said it "stands in solidarity with Riyadh in the confrontation of any foreign interference"
Tuesday 7 August 2018- ZAWYA