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Domestic spending: The backbone of UAE economy

  Dubai / Emirates Business According to a report on consumer card spends for the first quarter of 2016 by Network International, the leading payment solutions provider in the MENA region, domestic card spends in the country have increased by 12% in the first quarter of 2016 compared to the same period last year. The report, based on credit and ...

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Arab youth more entrepreneurial than before: Survey

  Dubai / Emirates Business Young Arabs are increasingly positive about entrepreneurship with more than half believing members of this generation are more likely to start a business than the previous one. The key finding from the Eighth Annual ASDA’A Burson-Marsteller Arab Youth Survey was unveiled by Sunil John, the founder and CEO of ASDA’A Burson-Marsteller and a panelist at ...

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Saudi Aramco to appoint JPMorgan, HSBC for debut bond sale

  Bloomberg Saudi Aramco, the world’s largest oil exporter, is working with JPMorgan Chase & Co., HSBC Holdings Plc and Riyad Bank on the company’s first sale of Islamic bonds, people with knowledge of the matter said. The three banks will help the Saudi oil company set up a riyal-denominated sukuk program, with the first sale potentially taking place this ...

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