Main headlines

November 18, 2013

Eypt is safe from risks of rising external debt levels and the current debt size poses no threats, said Deputy Prime Minister and Minister of International Cooperation Ziad Bahaa El-Din in a press conference on Sunday.
18:08 GMT

Economic analyst and CEO of Comesa Company Sherif El-Kheriby said that he considers this statement optimistic, but that it would be possible to repay external debts once the economic situation is stable

“Average asking prices in Dubai today stand at AED 5.1 million while those in the capital figure at AED 3.3 million.
17:47 GMT

Whilst Abu Dhabi’s property prices have increased over the course of this year, Dubai’s residential prices have risen more significantly, widening the gap in property values between the two emirates.”

“The programme will help private sector in Jordan grow… We need to make sure all Jordanians across the country feel the benefit of the programme and we have to make it succeed,” said the top US diplomat in Jordan.
14:51 GMT

A $45 million programme to help attract $700 million in foreign direct investments and create some 40,000 jobs over the next five years got under way on Sunday in the Kingdom.

H.E. Dr. Tawfig Alrabiah, Minister of Commerce and Industry shakes hands with Omar Farid, who has been appointed as the President for Middle East and Africa for PepsiCo, (Image credit: Saudi US Trade Group)
06:54 GMT

PEPSICO has officially announced the appointment of Omar Farid as President, PepsiCo Middle East & Africa (MEA).

Etihad airlines continues its global buying spree. (Image credit: Shutterstock)
06:21 GMT

The UAE national carrier said the regional operation of the Swiss carrier, to be rebranded as Etihad Regional, would connect passengers from secondary markets into Etihad Airways’ European network and hubs of equity alliance partners.

Roughly 70.8 percent of job seekers are aged 15 - 29 years, compared to 74 percent in the previous quarter.
03:55 GMT

The number of unemployed increased by 30,000 in Q3 2013, resulting in some 3.6 million jobless Egyptians.

Cheng confirmed that the chamber, which was established in 2008, has enjoyed the support of the Chinese government since its inception, and has achieved significant accomplishments over the past five years.
03:55 GMT

Makkah Chamber of Commerce and Industry (MCCI) Chairman Talal Mirza confirms that the chamber is moving forward on the "Made in Makkah Project" and has signed agreements with several authorities in different countries worldwide to gain the necessary technology required to run the project.

CBO finds it timely to repeat its advice that members of the public should, in their own interests, be cautious and not to deal with strangers and unauthorised entities/persons.
03:55 GMT

The Central Bank of Oman (CBO) has drawn the attention of the public to a number of suspicious financial activities and attempts of fraud. S

November 17, 2013

Across the Middle East, the report found that in excess of 117 major programmes are planned for completion by 2030 costing more than US$1 trillion.
17:52 GMT

If you guessed anything around $1 trillion, then you were probably right.

rise in the number of university graduates.
17:34 GMT

According to a global study by Towers Watson and Oxford Economics, the Middle East is expected to see a 13 per cent rise in the volume of talent demanded in the region

High Twitter use in KSA has been credited to the high and widespread access to high-speed internet and smart mobile phone devices (Shutterstock)
10:01 GMT

Saudi Arabia tops to world ranks of "Twitter penetration" as proportionate to the area and population.

As part of its effort to expand the company internationally, Damas is introducing a sophisticated customer relationship management system (Archive photo)
09:35 GMT

The Middle East's leading jewelry company Damas is aiming to become a leading, international brand.

30 international private banks from Europe or North America have offices in Dubai (Shutterstock)
09:22 GMT

Dubai ranks first in the region for private banking, boasting the most number of private bank headquarters in the GCC.

The Dubai Airshow has taken off. (Image credit: Shutterstock)
09:19 GMT

Among other deals, Emirates placed a $76-billion (Dh279.68 billion) order for 150 Boeing 777Xs at the Dubai Airshow.

Iraq's GDP growth has been driven by oil. (Image credit: Shutterstock)
07:01 GMT

Iraq continues to expand its oil resources, but further economic diversification is needed, according to QNB Group.