Main headlines

January 15, 2014

If consulting firms want to invest in new markets, they should invest in the GCC. (Image credit: Shutterstock)
12:06 GMT

Despite a shortage of local talent, the GCC consulting market, which grew by 20 percent to $1.9 billion last year, is expected to be the fastest growing consulting market in the world in 2014.

Innovation often needs to be couple with a disciplined approach. (Image credit: Shutterstock)
10:46 GMT

The Academy will lead to a stronger support system for SME owners and future entrepreneurs and ensure that they have the necessary skills and experience to succeed.

A delegation of economic and trade officials from Germany will travel to Iran in the coming days to explore ways to give a boost to bilateral ties.
03:55 GMT

In a meeting with Iran’s President Hassan Rouhani on October 7, 2013, Freiherr von Ungern said that his country attaches great importance to economic relations with Iran.

Asmar is now planning on providing companies with programmes for employees to volunteer in activities all around the Kingdom and the Arab world.
03:55 GMT

A Jordanian activist has been listed among the top social entrepreneurs in the world in the under-30 category by Forbes magazine.

January 14, 2014

Cutting subsidies is politically difficult because of longstanding tensions between the cabinet and parliament, where many lawmakers campaign to raise social benefits.
22:15 GMT

Kuwait’s government will continue a review of its heavy spending on subsidies under a new cabinet appointed this month, the new finance minister said.

China's top crude supplier Saudi Arabia is set to ship about the same volumes to Chinese buyers in 2014 as it did last year, as the world's second-largest oil consumer takes more from Iraq and Central Asia, traders said.
22:03 GMT

Iraq, for example, has been offering cheaper prices and better payment terms to Asian buyers this year as it increases its output,

The final stage includes voting on the site at the meeting of the UNESCO’s World Heritage Committee
21:43 GMT

From Thursday, Jeddah city will be hosting the 10-day “Jeddah Historic Area Festival” under the patronage of Prince Mesh’al bin Abdullah,

Egyptian stock markets have been improving since last November (File Archive)
13:55 GMT

Egypt's stock market on Tuesday hit its highest level since the 2011 revolution.

Dubai Duty Free is planning to launch an online portal that allows flight passengers to purchase goods before they arrive at the airport (File Archive/Shutterstock)
13:39 GMT

For flight passengers heading to Dubai, your next Duty Free purchase could be made online even before you arrive, if you wish says the company's Executive Vice Chairman

Airlines in the region have benefited from strong growth in business-related premium travel. (Image credit: Wikipedia)
11:02 GMT

Globally year-to-date international passengers demand growth till November was 5.1 per cent while Middle East witnessed more than 12 per cent.

The sudden availability of Iranian oil is one of the many factors driving uncertainty in the oil market. (Image credit: Shutterstock)
09:35 GMT

Oman’s Ministry of Oil and Gas said Monday the amount of crude oil produced in December was off from the same month in 2012.

The regulations, which will be implemented from February 1, ban cafes from operating within 150 metres of residential areas, schools and mosques.
03:55 GMT

New rules regulating shisha cafes in Abu Dhabi come into effect by the end of this month, with officials confirming that violators will be punished.

January 13, 2014

Online portals feel jobs in the construction and real estate market will trickle in after March-April, 2014.
22:29 GMT

One of the biggest highlights of Dubai’s successful bid for Expo 2020 is the prediction of creation of over 275,000 jobs in various sectors across the economy.However

"While retail demand [in the other emirates] is growing amidst a rising population, changing consumer trends and high per capita income, demand is far more focused on meeting the immediate needs of the local community.”
21:37 GMT

Unlike in Dubai, mall owners and developers in Sharjah are not rushing to build massive new projects to make full use of a resurgent retail sector.

On the other hand, real estate expert Marie bin Mubarak bin Mahfooz said real estate prices will spike this year because of the increasing demand on lands and properties.
15:20 GMT

"The attractive investment environment in Makkah has become the focus of many real estate investors and venture capitalists who have moved to form large conglomerates, pumping huge liquidity in the market."