Ola Koenig: UAE Immune to Global Oil Crisis?

Wednesday, November 5, 2014

UAE Immune to Global Oil Crisis?

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Energy

UAE immune to global oil crisis?

UAE authorities and analysts have begun to calculate the cost of plunging oil prices on the local, energy-driven economy. Having lost almost a quarter of its value since June 2014, Brent crude has stumbled to a four-year low of $85 in early November 2014, amid growing concerns for the world's major exporters.

Saudi boosts public spending despite oil slump

As oil prices witness their biggest slump in a decade, all eyes have been on Saudi Arabia and how they will react to this global change.

Governments to prioritise tackling water poverty

The public sector across the Islamic world and the Middle East must engage in tackling water poverty, says Michael Pritchard, founder of Lifesaver Technology.

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Transport and Tourism

Etihad offers Alitalia concession with Serbia influence under the sleeve

Alitalia will give up some slots on the Rome-Belgrade to its European competitors, sources close to the European Commission tell Reuters. With Etihad's recent 49 per cent acquisition of the Italian carrier under scrutiny from EU aviation authorities…

Finance and Economy

Working women set to boost Saudi economy

Women in Saudi Arabia are playing an increasingly crucial role in forging the kingdom's march towards being a regional economic powerhouse.

Innovating global Halal industries

As the $2 trillion Halal industry, which includes food, finance and much more, grows, many call for new ways to develop coherence and diversity.

Asset rich, but cash poor: Liquidating Islamic mutual funds

"We are asset rich, but cash poor," says Dr Shamsiah Abdul Karim, Deputy Director of Asset Development at the Islamic Religious Council of Singapore, while speaking at the World Islamic...