Main headlines

September 16, 2013

The development has been conceptualised to host 15,000 residential units including 2,500 townhouses and villas as per the current master plan.
07:33 GMT

The approximately 2.5 million sq m mixed-use community will take shape about 14.5 km from the Baghdad city centre.

Furthermore, the survey reveals employees are staying in their jobs for a longer period, resulting in a greater percent being eligible for higher EoSB payout.
07:17 GMT

80 percent of the total firms surveyed plan to increase their headcount over the next three years, with over a third (34 per cent) expecting double digit growth.

September 15, 2013

During his visit, the mayor said GAM will focus on activating tourism and commercial activity in downtown. Amman.
14:35 GMT

During a tour of the two areas, the mayor spoke to residents and traders and listened to their comments and proposals, noting that GAM is preparing plans that will safeguard the city’s architectural and historical heritage, restore its elegance and eliminate visual pollution.

Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman in particular will have dense urban conglomerations, with 45.1 million people expected to reside in GCC cities by 2020 – 85 percent of the total estimated population.
14:01 GMT

More than 226 million people will be living in cities throughout the Middle East and North Africa (MENA) by 2020, accounting for nearly 62 percent of the region’s total population, the United Nations (UN) has estimated

The mechanism to settle such disputes is to be made public after Eid Al-Adha holidays.
13:19 GMT

The Labor Ministry announced Saturday that it has taken steps to settle labor disputes within 10 weeks.

Hanafin said that if the UAE was to provide citizenship to expats it would be slightly detrimental.
12:57 GMT

While global trends are indicative of more countries offering citizenships, the UAE is not dependant on citizenships to attract investment.

Behind this acceleration in population growth lie the jobs created by the large infrastructure investment currently underway (Pictured: Doha city).
12:09 GMT

The new wave, QNB said, is mainly driven by expatriates filling in jobs created by the large ramp-up in infrastructure investment to prepare for the 2022 World Cup

“Wall Street continues to focus on increasing its market share and expanding its presence across the UAE, said Sultan bin Kharsham.
09:49 GMT

Located inside the Jumeirah Post Office on Al Wasl Road, the new branch complements Wall Street’s ongoing efforts to strengthen its presence in high potential markets

Lagarde refused to comment on the money that Egypt received from the Gulf Cooperation Council (GCC).
08:46 GMT

The remarks came after two years’ of negotiations between Egypt and the IMF over a $4.8 billion loan had stalled out following the 3 July ouster of former president Mohamed Morsi.

New York crude had struck $112.24 a barrel at the end of August, which was the highest level for more than two years.
07:49 GMT

Oil prices fell Friday as dealers monitored diplomatic efforts to get Syria to give up its chemical weapons and avert a US-led military attack that could disrupt crude supplies.

September 12, 2013

The Qatar Exchange (QE) has 42 listed companies. Its aggregate market capitalization as of Sept. 10 was $144 billion.
13:51 GMT

The new capital market regulations including plans to launch a second market on the Qatar Exchange could double the number of listed companies in the next five years, MEED Qatar Banking Summit learned.

"According to sources familiar with this market, sales have increased to the point that “there is a container or two each day, loaded with various kinds of foodstuffs, going from Tripoli to Syria.” These factories are flourishing in a manner they never dreamed of (Photo credit:Getty).
12:55 GMT

It is not a secret that Syrian refugees in Lebanon have stimulated consumer demand for basic goods and foodstuffs.

As the economy has improved and various sectors such as retail, tourism and real estate have shown significant improvements, banks in the UAE, including Mashreq, have experienced 20 per cent growth in the first six months."
12:20 GMT

Banks in the country are in an upswing , with financial institutions posting a strong growth in their earnings during the first half of the year, a top official said.

"You wanted to do more with your smartphone. You wanted a bigger screen and bigger input capabilities. The first Galaxy Note was just the beginning. Today we cross a new boundary by pushing higher," said co-CEO and head of Samsung's mobile business.
11:14 GMT

Samsung is very strong in Saudi Arabia with more than 50 percent share in smartphone market.

Dozens of Lebanese firms are moving their operations abroad, the head of the Beirut Chamber of Commerce told The Daily Star Wednesday, amid what he termed was an “unprecedented economic slowdown.”
10:37 GMT

An industry source who declined to be identified told The Daily Star that one major producer of tissue paper recently relocated a production line to Egypt, in a move that reduced electricity costs by up to $500,000 a year