Dubai’s single free zone licenses still under construction

Dubai: Regulations are still being worked on to allow businesses to operate out of Dubai’s free zones with a unified license. “No timelines have been set for now to launch it formally,” said Ahmed Al Haddad, Chief Operating Officer – Parks and Zones at DP World. “There are still some areas where we will need […]

Saudi Aramco’s still looking for a cornerstone investor

Dubai: In what could still be possibly the world’s biggest initial public offering, the state-owned oil colossus Saudi Aramco is still in search of a cornerstone investor. In a market debut set to raise as much as $25.6 billion, slightly ahead of Chinese e-commerce titan Alibaba’s IPO of $25 billion in 2014, analysts expressed varied […]

Crunch time for Lebanon’s businesses

Beirut: Consumers walking down major commercial streets in Beirut would definitely not miss the increase in the number of shops put up for sale/rent or retailers announcing steep discounts. As Lebanon’s economic crises deepens amidst nonstop protests that have stifled the country’s political – as much as the economic – cycle, small and mid-sized businesses […]