At $397B, the size of GCC pension funds is relatively low. (Shutterstock)
October 06, 2015 - 12:00 GMT
A new report examines public pension funds for nationals and expatriates, and suggests that it's time for a rethink.
The grant will also boost facilities to control and move goods through the country. (AFP/File)
October 06, 2015 - 11:00 GMT
Kuwait's Arab Fund will finance the deal which is part of the Jordan 2025 vision for commercial development.
Egypt has previously imposed rice export bans according to fluctuating demand. (Shutterstock)
October 06, 2015 - 10:00 GMT
Ban was introduced last month when reports indicated consumption exceeded production.
Financial institutions must deliver digital services to appeal to milennials, a lucrative market.
October 06, 2015 - 09:13 GMT
Banks are struggling to keep up with the digital revolution, with customers expecting a seamless delivery of services across various online channels.
The tennis arenas are part of a massive expansion of 360 Mall in Kuwait. The project intends to attract a wider range of visitors to the mall. (Facebook)
October 05, 2015 - 22:48 GMT
A developer confirmed Monday that a tennis stadium will be built at the 360 Mall in Kuwait. The project will begin next month and should be completed in 2019.
Standard & Poor's will host the 4th Annual Islamic Finance Conference in Dubai on October 6, 2015. (Al Bawaba/File)
October 05, 2015 - 19:13 GMT
2016 will be a crossroads for Islamic finance, according to Standard & Poor’s Ratings Services (S&P). Falling oil prices and low interest rates internationally present a challenge, while the standardization of Islamic finance products
Lebanese youth stage a protest in Beirut in September 2015. Image used for illustrative purposes. (Al Bawaba/File)
October 05, 2015 - 17:55 GMT
A coalition of trade and teachers' unions Monday declared a general strike for Oct. 20, 26 and Nov. 4 to bring attention back to their four-year-long struggle for wage hikes.
Cyber crimes that promote terrorist thought or organizations or harm state interests or reputation will be sentenced to prison for 10 year and fined the maximum amount of $2.67 million. (Al Bawaba/File)
October 05, 2015 - 17:05 GMT
Saudi Arabia plans to combat cyber crime by stiffening punishments for offenders. The proposed amendments include imprisonment for a maximum period of 10 years and fines with a ceiling of SR10 million (USD2.67 million).
According to industry expert Shaheen Chohan, oil prices could drop to $60 a barrel in the next 12-18 months. (Al Bawaba/File)
October 05, 2015 - 16:53 GMT
While the Middle East still has one of the lowest break-even prices for crude oil, falling oil prices will put pressure on fiscal budgets and could result in a knock-on effect as governments reduce spending on certain projects.
Rotana's Al Marwa Rayhaan hotel in Mecca. (Agoda)
October 05, 2015 - 11:26 GMT
Rotana grabs a bigger share of Saudi Arabia's hotel market, the largest in the Arab world.
Karpowership works on a power-generating ship off the coast of Zouk Mosbeh, just north of Beirut. (Shutterstock/Canghai76)
October 05, 2015 - 10:37 GMT
'Karpowership' contracted by state-run EDL denies registering over 50 Turkish professionals under fraudulent job titles.