Business

By Ali Janoudi and Simon Smiles In 2017, Middle Eastern investors will confront a world marked by policy shifts and a rising likelihood of reflation. In certain respects, the Middle East itself has also contributed to this trend. Coupled with potential fiscal stimulus in the U.S., OPEC’s decision to cut oil output for the first

By Anjuli Davies and Andrew MacAskill LONDON, May 8 – The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to take shape. Last week Standard Chartered and JPMorgan were the

How the other .001 percent lives in the Middle East By Edward Mermelstein For the past two decades, an exorbitant amount of wealth has been created in the Middle East. In fact, it has been reported that in the first half of 2016, more than $10 billion flowed out of the region. The question is, where

Saygin Yalcin is a German entrepreneur of Turkish descent. He is the founder and CEO of SellAnyCar.com, and a partner at one of the region’s leading e-commerce company Souq.com Group, which was recently acquired by Amazon for $650 million. But that’s not all. Yalcin made headlines after he gifted a $250,000 Rolls Royce to Kendall Jenner last year on

By Heather Somerville and Dan Levine SAN FRANCISCO, May 3 – Uber Technologies Inc goes before a U.S. judge on Wednesday to fight for the right to continue work on its self-driving car program, the latest phase in a courtroom battle over trade secrets that threatens to topple a central pillar of Uber’s growth strategy.

ISTANBUL, April 30 – The head of an Iranian satellite television network who last year was sentenced in absentia to six years in prison by a Tehran court was shot dead in Istanbul together with a business partner, Turkey’s Dogan news agency said on Sunday. GEM TV founder Saeed Karimian and an associate were driving

By Chine Labbé PARIS, Dec 16 – French telecoms boss Stephane Richard was sharply criticized by one of the judges and by a witness during the negligence trial of IMF chief Christine Lagarde in Paris this week. Richard, the chief executive of Orange, is a target of investigators in a related inquiry which has yet

BRUSSELS, Dec 16 – The European Union has authorized a batch of countries outside the bloc to offer clearing and trading of securities to EU firms, under a regime that Britain may also have to use after Brexit. The EU’s executive European Commission said on Friday it has granted so-called equivalence to the clearing houses

By Rania El Gamal and Dmitry Zhdannikov DUBAI/LONDON, Dec 15  – Saudi Arabia has long said it could produce as much as 12 million barrels per day (bpd) of oil if needed, but that pump-at-will claim – which would require huge capital spending to access spare capacity – has never been tested. Sources say the