Dubai grabs ASQ award for Best Airport in Middle East

The prestigious ASQ Award for Best Airport in the Middle East was awarded to Dubai Airport

“Dubai Airports’ vision is to be the world’s leading airport company. To deliver these goals we are committed to the provision of top flight infrastructure, efficient systems and processes along with a coordinated approach led by people who are utterly dedicated to taking care of our customers.” commented Mr. Paul Griffiths, CEO Dubai Airports. Read the story »

Renewed Confidence in Global Equities, Survey

Largest Recorded One-Month Improvement in Liquidity Conditions

Emerging markets benefit from bounce in risk appetite

Investors are showing renewed confidence in global equities amid radically improved market conditions and growing hopes of economic growth, according to the BofA Merrill Lynch Survey of Fund Managers for February.

Allocations towards equities have made the largest one-month leap since the beginning of 2011. A net 26 percent of asset allocators are overweight equities, up from 12 percent last month. Appetite for cyclical stocks, including Industrials and Materials sectors, has picked up while allocations towards defensive stocks, including Pharmaceuticals and Telecoms, have fallen. Investors have also reduced cash levels. A net 13 percent of asset allocators are overweight cash, down from a net 27 percent in January. Read the story »

Rise in demand for premium residential projects in Dubai

Surge in demand for quality residential properties outstrips current supply

DAMAC Properties, the region’s largest private luxury developer, announced today a marked increase in buyer interest in its portfolio of completed and near-completed residential projects across the Middle East.

According to DAMAC Properties, the Middle East is suffering from a significant shortage of quality residential properties for investment and end use, which may endure for several years. Read the story »

Prince Alwaleed Bin Talal comments on Arab Spring, Iran, Twitter, Newscorp, investment strategy and debt

In an exclusive interview CNN’s John Defterios speaks with HH Prince Alwaleed Bin... 

From Dubai’s skyscraper to Everest

Conquering world’s highest mountain, Everest, purely is a self-discovering... 

Saudi Arabian Oil Minister discusses Straits of Hormuz, oil production

On “Global Exchange on CNN International” today, John Defterios and Ali Al Naimi,...