With the rising tide of stricter regulation in traditional financial centers, more investors from around the world are now using the Middle East to trade in foreign currencies and commodities. A number of players are also jumping on the opportunities brought on by regional investors seeking higher returns amid a lackluster performance in equity and fixed-income markets.
At a time when Gulf carriers have effectively redrawn the balance of power in the aviation industry, Etihad Airways is showing no signs of slowing down its global expansion. And part of that strategy remains focused on buying minority equity stakes in other airlines, the company’s President and CEO, James Hogan, told CNBC’s “Access: Middle East.”
The revolution in digital technology is posing a major challenge to traditional forms of media. CNBC looks at the regional implications with Alec Ross, senior advisor for Innovation at the US State Department, Parag Khanna, director at the New America Foundation and media scholars Zahera Harb and Matt Duffy.
Popular social media platforms including the likes of Twitter and Facebook were pushed further into the limelight with the onset of the Arab Spring. The increased adoption of powerful communication tools holds prospects for businesses to grow, while keeping the pressure on regional governments to liberalize, analysts have told CNBC.
From the iconic Burj Khalifa to the largest women's university in the world, Arabtec Construction projects dominate Gulf city skylines. In an exclusive interview with CNBC, Riad Kamal, chairman of Arabtec Construction, explains why Dubai had to suffer 2009, and what the growing influence of Abu Dhabi sovereign wealth fund Aabar means for the company.
In an exclusive interview, Riad Kamal chairman of Arabtec Construction tells CNBC that the company's revenues derived mostly from Gulf projects in 2011 and while Arabtec Construction is looking to grow by at least 15 percent per year, for now, that expansion is going to focus more on the region rather than beyond.