Economy

Football tax row threatens to muddy Monaco's racy image

On Sunday, the streets of Monaco will reverberate to the roar of high-powered racing cars as the principality stages its 71st Grand Prix, bringing together the worlds of Formula 1 and cinema. Read Article Football tax row threatens to muddy Monaco's racy image

IMF not concerned about Dubai's ability to repay debt

The International Monetary Fund said it is not worried about Dubai's ability to meet its financial obligations after the emirate that almost defaulted in 2009 successfully managed to reschedule payments. Read Article IMF not concerned about Dubai's ability to repay debt

Apple and US Congress spar over taxes

Using an unusual global tax structure, Apple has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a US Senate report on the company's offshore tax structure said on Monday. Read Article Apple and US Congress spar over taxes

economics

Manchester City foray into MLS has 'phenomenal' brand potential
Business of sport: The Manchester City deal to establish a US Major League Soccer franchise has "phenomenal" brand potential according to top analysts.

Triska Hamid

Related: Football eyes Flushing Meadows

economics

Long road to transition for Arab countries
For Arab countries from oil-rich Libya to impoverished Yemen, employment is key. Providing jobs, especially for youth, will help to revitalise them.

Masood Ahmed

Related: Gloomy jobs outlook for Middle East youths

Kunming a hotbed of mixed emotions

Building Brics: Kunming, the provincial capital of Yunnan province in south-west China, is known as the "spring city" because it has a singularly pleasant climate. Read Article Kunming a hotbed of mixed emotions

Qatar to establish new overseas energy infrastructure fund

Three Qatari state-backed entities, including the nation's acquisitive sovereign wealth fund, are to establish a new overseas fund which will look to invest in energy infrastructure. Read Article Qatar to establish new overseas energy infrastructure fund

Rising Dubai land values boost worth of Kuwait's IFA

Rising Dubai land values helped Kuwaiti resort developer IFA Hotels & Resorts, almost double the value of its investment portfolio during the first quarter of the year. Read Article Rising Dubai land values boost worth of Kuwait's IFA

Saudi oil exports fell in March as power use rose

Saudi crude exports fell to 7.42 million barrels per day (bpd) in March, 34,000 bpd less than in February, as Saudi power sector oil use rose and output edged lower. Read Article Saudi oil exports fell in March as power use rose

Western Region seeks to diversify

The UAE's civil nuclear programme will be among the key drivers of economic diversification in Al Gharbia, according to the Western Region Development Council. Read Article Western Region seeks to diversify

France enters recession in first quarter

France entered a recession in the first quarter this year with gross domestic product contracting 0.2 per cent, after shrinking the same amount in the last quarter of 2012. Read Article France enters recession in first quarter

India inflation eases to 41-month low

Indian inflation eased to a 41-month low in April, giving the central bank room to extend monetary easing and support growth in Asia's third-biggest economy. Read Article India inflation eases to 41-month low

Egypt gets US$3bn deposit from Qatar

Egypt received a US$3 billion deposit from Qatar on Thursday, shoring up finances hit by economic turmoil since a popular uprising that toppled the government two years ago. Read Article Egypt gets US$3bn deposit from Qatar

Group of Seven signals acceptance of Japanese yen's weakness, for now

Group of Seven finance chiefs signaled tolerance of the yen's slide to its weakest since 2008, so long as it does not get out of hand. Read Article Group of Seven signals acceptance of Japanese yen's weakness, for now

India powers up with inflows

Flows of foreign earnings into India, which receives more remittances than any other country, are expected to continue to grow this year, boosted by a weak rupee. Read Article India powers up with inflows

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economics

Mediclinic to increase its presence in UAE
South Africa's second biggest hospital company Mediclinic is planning to open new clinics in Abu Dhabi and Dubai as part of an aggressive UAE expansion plan.

Lucy Barnard

Related: Builder of malls and ski slopes leaps into UAE health care

economics

Increased expat ownership of UAE companies remains open to debate, says Minister of Economy
Stalled discussions to push through the revised 'most critical' companies law will resume next week, Sultan Al Mansouri said. While foreign ownership will not form part of those talks, the issue is not dead.

Tom Arnold

Related: New delay hits UAE companies law

economics

Investors look at UAE for long haul
Investors are ploughing capital into the Emirates for the long-run as political instability strains the Middle East, and the UAE appears a more attractive investment for those who may not exit the country for many years.

Gregor Stuart Hunter

Related: Western Region to get raft of new projects

SOUND & VISION

Industry Insights Forum - James Hogan, Etihad Airways

Industry professionals gathered at an exclusive event to discuss the aviation industry with CEO of Etihad Airways, James Hogan. Watch Video

Most Viewed

economics

More than 400 delegates gathered in the shadow of the Arc de Triomphe to learn about the economic ties between France and the UAE capital, and how both could prosper further together.

James Doran

Related: First glimpse of Louvre Abu Dhabi's treasures

Sound & Vision

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IMF official urges caution amid resurgence in Dubai property

Controls are required to help guard against the risk of a repeat of the boom and bust cycle in the Dubai property market, Masood Ahmed, the director of the IMF’s Middle East and Central Asia Department, said yesterday. IMF official urges caution amid resurgence in Dubai property

Early lift-off for Dubai Airshow site

The new venue for the Dubai Airshow will be handed over to the show's organisers within the next three months. Early lift-off for Dubai Airshow site

Visa costs slow tide of cruise visitors to the UAE

Passengers arrive at the cruise ship Mariner of the Seas as it made its maiden port of call in Dubai yesterday. Jaime Puebla / The National

The cruise industry is no closer to winning a reprieve on entry visas in the Emirates despite a drive to boost tourism numbers. Visa costs slow tide of cruise visitors to the UAE

UAE companies law talks back on the agenda

The Minister of Economy Sultan Al Mansouri said the companies law was one of

Stalled discussions to push through the revised 'most critical' companies law will resume next week, Sultan Al Mansouri said. While foreign ownership will not form part of those talks, the issue is not dead. UAE companies law talks back on the agenda

Obstacles to Emiratisation remain

Visitors check out job opportunities at Careers UAE 2012. Ninety per cent of the 225,000 Emiratis in the workforce are employed in the public sector. Jeff Topping / The National

Barriers are still holding back Emiratis from joining the private sector despite 2013 being designated the year of emiratisation. Obstacles to Emiratisation remain