Tag: Bloomberg

Batelco Cancels Planned Umniah Sale

Bahrain’s Batelco has cancelled its planned sale of Umniah, citing market conditions. “We’re going to terminate the sale process. It’s not an optimal time to sell, it’s an optimal time to buy. Prices are reducing, the appetite of so many…

Ronaldo Mouchawar, Souq.com CEO

Souq.com: Riding High on the E-Commerce Wave

Over the past decade, Souq.com has quickly risen to become the region’s largest online retailer. The company’s CEO and Founder Ronaldo Mouchawar is confident of even greater success as enthusiasm for e-commerce amongst consumers picks up pace. By Dina al-Wakeel…

Saxo Bank’s Predictions for 2016

Saxo Bank, the online multi-asset trading and investment specialist, has today released its annual set of ‘Outrageous Predictions’ for the year ahead. These are 10 unlikely, yet perhaps underappreciated, events that could have significant consequences on the financial landscape as…

Taking the Rough with the Smooth

Volatility will likely loom over the region’s economy in 2016, but so will opportunity. By Nader Museitif Next year seems to be set for a rough start as several chronic drivers of volatility and slowdown start to bite. Chief among…

Air Arabia Jordan: Ready for Liftoff

By buying a major stake in Petra Airlines, low-cost giant Air Arabia has created a new carrier which will use Amman as a hub to further its ambitious expansion plans. By Laith Abou-Ragheb Jordan’s aviation and tourism sectors were given…