We are pleased to bring to you the first edition of Emirates Business 24|7 – the region’s first English-language business daily. The launch of the newspaper comes at an ideal time to meet an urgent market need in the UAE and the region. The regional economies, which are now more vibrant and mature than at any time before, are enjoying one of the longest periods of growth.
All fundamentals indicate that the current prosperity is likely to continue for many years to come. Petroleum revenues reached unprecedented levels with the price of a barrel of crude oil edging nearer to the $100 mark. Besides, the region’s governments seem commited to implementing reforms aimed at opening their markets; modernising their laws to attract more local and international investments and giving the private sector a bigger role in the development process. This has coincided with growing interest from international firms to invest in the region.
Many local players have at the same time emerged on the international stage through a series of takeovers of selected assets across the world. These developments provide both opportunities and challenges. Relying on dependable sources of information is more crucial than ever before to maximise opportunities and leverage advantages.
This is what Emirates Business 24|7 will deliver by providing reliable and exhaustive coverage of issues of concern for businesses including major trends and changes in the local and international markets. We are confident that Emirates Business 24|7 will become an integral part of the life of top executives and decision-makers in the private and public sectors as well as a reference for investors.
Riyad Mickdady, Editor-in-Chief
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