The launch comes following a study by the Dubai Design & Fashion Council (DDFC) suggesting the Middle East and North Africa will require at least 30,000 design graduates by 2019. (Foster+Partners)
October 25, 2016 - 11:23 GMT
Dubai Holding and Dubai Creative Clusters Authority have partnered with MIT and Parsons School of Design to launch Dubai's new design and innovation school.
The drop in oil prices has caused challenges in managing the fiscal position of the country. (Shutterstock)
October 25, 2016 - 10:00 GMT
Oman's Central Bank president has confirmed that as much as 60-70 per cent of the budget deficit will be met by way of external borrowings over the next four years.
In addition to the free zone options, the Port Zone itself has a 1,944 sq m warehouse, and a further non-free zone area contains another 1,944 sq m warehouse and 2,000 sq m of open storage.   (WAM)
October 25, 2016 - 09:00 GMT
The new free zone offers new options for supply chain management, storage and manufacturing in the emirate in the centre city port location, delivering a range of logistical and business advantages.
US Secretary of State John Kerry meets with Saudi Foreign Minister Adel al-Jubeir in London on January 14, 2016. (AFP/File)
October 25, 2016 - 08:00 GMT
The US is looking at old and new sectors of investment that are emerging as part of Saudi's National Transformation Program.
Consultations will be held over the coming period on measures and steps needed to agree on the date of holding the summit, and extend invitations to kings, presidents and princes of Arab countries.  (Shutterstock)
October 25, 2016 - 07:00 GMT
The next Arab League Summit will be held in Jordan, after Yemen declined to host the meeting.
The Fujairah port is the second largest — behind Singapore — bun­kering port in the world. (
October 25, 2016 - 06:00 GMT
Despite lacking oil reserves and produc­tion of their own, Fujairah port has estab­lished itself as a regional refined oil products hub.
In accordance with regulations, Adeptio will launch a mandatory tender offer to the remaining Americana shareholders to purchase their shares at the same price.  (File photo)
October 25, 2016 - 05:00 GMT
Adeptio bought a 66.79 percent stake in Americana (Kuwait Food Company) in a deal valued to be $2.36 billion.
The bulk of the subsidies given to Sheikh Mohammed came from a single payment scheme based on land owned rather than how the land is used. (
October 24, 2016 - 13:00 GMT
A Greenpeace investigation has revealed that Sheikh Mohammed received GBP923,760 ($1.12m) in taxpayer subsidies for his Newmarket-based stud farms Darley Stud and Godolphin.
Egypt's Ministry of Petroleum has no information about the suspension of supplies during October. (File photo)
October 24, 2016 - 12:00 GMT
Egypt's Energy Committee intends to call on the Ministry of Petroleum to review the agreement with Saudi Aramco to find out why the petroleum shipment supplied to Egypt was suspended in October.
A large pool of companies in the non-financial category has also made ADGM their home base, including law firms, professional and corporate service providers and family offices. (File photo)
October 24, 2016 - 11:00 GMT
One year after the establishment of the financial free zone, ADGM has registered and granted licences to 160 companies from a range of industries and sectors.
Gulf Craft manufactures about 400 boats a year with 40 to 50 being yachts with an annual turnover of $100 million. (Gulf Craft)
October 24, 2016 - 10:00 GMT
Gulf Craft will expand its shipyard in Umm Al Quwainby 20 per cent to build mega yachts of more than 50 metres in size, and will build a fourth shipyard in the UAE.
Sarajevo's Old town, Bosnia. (Shutterstock)
October 24, 2016 - 09:00 GMT
Green Valley International Real Estate will develop its third project in Bosnia, a $44M villa complex with a four-star hotel in Sarajevo.
As GCC countries will have reviewed VAT systems and practices from across the globe, they are likely to introduce VAT systems heavily dependent on technology to ensure efficiency. (Shutterstock)
October 24, 2016 - 08:00 GMT
GCC business must prepare for the challenges associated with introduction of VAT, and the possibility that the five percent tax will increase over time.
In addition to the economic aid, the US provided $463 million in military aid to Jordan this year, bringing the total of economic and military aid to $1.275 billion. (File photo)
October 24, 2016 - 07:00 GMT
The grants will support Jordan’s critical long-term goals for growth and development, while simultaneously assisting Jordan in its efforts to host Syrian refugees across the Kingdom
A wholesale Islamic investment bank regulated by the Central Bank of Bahrain, Ibdar Bank is engaged in real estate, private equity, capital markets and investment advisory activities. (Trade Arabia)
October 24, 2016 - 06:00 GMT
Ibdar's new acquisition is located in Montgomery county, a wealthy commuter suburb 25 miles from Washington DC.
Russian Oil Minister Alexander Novak (L) arrives for a meeting with his Saudi counterpart in Riyadh on October 23, 2016. (AFP/Fayez Nureldine)
October 24, 2016 - 05:27 GMT
Russian Minister of Energy Alexander Novak is visiting the Kingdom amid hopes in world oil markets for an agreement between Russia and OPEC on initiatives to keep crude above $50 a barrel.