Dubai’s famous mega-malls are doing brisk trade, with the companies behind the emirate’s two biggest shopping centres reporting double-digit revenue growth in 2014. Additionally, plans for further expansion are also in the works.
The Middle East
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As part of an overhaul of the financial markets in Turkey, plans for the Istanbul stock exchange to be floated early next year are gathering pace with Borsa Istanbul (BIST) management looking to offload some of its shares in the bourse ahead of the listing.
Rising demand for power and disruptions to gas supplies from Egypt have left Jordan struggling to meet its energy requirements, with imports adding to the economic headache.
With the announcement of another milestone in Qatar’s satellite programme coming at the end of last year, the body of material evidence suggesting significant recent ICT sector development in the state grew in both size and quality.
Economic update | Saudi home loan growth rate to cool
24 Feb 2015
A boom in bank lending in Saudi Arabia may have reached its peak as tighter credit conditions and weaker private sector activity could curb loan growth this year despite a long-term undersupply of property for sale in the Saudi Arabian market.
Long established as a destination for major brands, Kuwait has witnessed steady retail expansion in recent years, but falling oil prices and forecasts of a budget deficit risk clouding the outlook for 2015.