Importance of South Asian Markets in UAE Aviation Industry

Mar 30, 2015

The aviation industry in UAE contributes roughly 12% to the country’s economy, reflecting the country’s huge investment in airports and airlines. The aviation industry is a USD 39.4 billion (Dh 145 billion) industry, contributing 28% to Dubai’s GDP. The industry provides 250,000 jobs in Dubai and supports 14% of the workforce in UAE. International Air Transport Association (IATA) has predicted that the UAE will be the second fastest growth market for international passenger traffic from 2009 to 2014, second only to China. The UAE aviation is poised to grow dramatically in the coming years with major expansions started and is expected to play a key role in diversifying the e..

Legacy Carriers vs. Low Cost Carriers (LCCs)

Mar 13, 2015

According to the ‘GCC Low Cost Carriers’ report published by Markaz, in the recent past, the number of passengers traveling by Low Cost Carriers (LCCs) has grown faster than that of legacy carriers (also known as full service carriers).

Alternative Energy in Fossil Fuel Rich GCC Countries

Mar 08, 2015

The consumption of energy in GCC is driven by high level of urbanization, growing expatriates, fuel subsidises and industrialization. The continuous growth in energy consumption is snowballing into a major issue, as GCC countries are finding it difficult to suffice their own needs. According to World Energy Council, Gulf Cooperation Council (GCC) is expected to require 100 GW of additional power in next ten years to suffice their domestic consumption requirements.  

GCC Financial Markets: The World's New Money Centers

May 02, 2013

Liquidity is at the backbone of any market development and GCC stock markets are no exception. Strong oil price backed wealth effect coupled with retail nature of the market triggering...

What is the long-term outlook for the Rupee?

May 02, 2013

Liquidity is at the backbone of any market development and GCC stock markets are no exception. Strong oil price backed wealth effect coupled with retail nature of the market triggering...