Featured Articles

October 15, 2014

A Saudi woman films an Islamic ceremony on her phone (File/AFP)
11:24 GMT
Saudis love using their phones! The kingdom's market is the largest in the Middle East with 53 million subscriptions in 2013 alone.

October 14, 2014

To finance the 2015 budget, the government will need a total of 8 billion dinars ($4.5 billion) of which 5 billion dinars will come from foreign sources.
14:46 GMT
His comments underlined the obstacles still faced by many economies in the region three years after the Arab Spring.
A Saudi woman talks on her phone in a shopping mall (File/AFP)
13:52 GMT
Around 53 per cent of the Mena region's population subscribed to a mobile phone in 2013. This year, that number got even higher.
Hotels in close proximity to theme parks are not as common as they should be, according to the report (File/AFP)
12:54 GMT
With around 45 theme park attractions and waterparks across the GCC, there's no shortage of these entertainment centres. However, hotels and adequate lodging are lacking according to a recent report.
Defending and winning share in Asia's still growing markets has become the primary focus.
05:55 GMT
Last week, Saudi Arabia sharply cut its official oil prices for Asian customers in November, in the clearest sign yet that it is competing harder for crude market share.
The new Dubai Tram that is slated to be launched in November could add significant value to the properties around this new mode of transport
04:55 GMT
After the success of Dubai Metro, now the Dubai Tram project could further change the dynamics of the real estate sector,

October 13, 2014

Despite mixed results across sectors in 201, the GCC Islamic Finance industry is expected to maintain its rapid growth over the coming years.
22:58 GMT
The global ratings agency said banking credit stock in the GCC is also expected to climb by around 10 in 2014 and 2015.
The signs are everywhere: US oil imports are shrinking much faster than expected while oil production climbs to a thirty-year high.
13:22 GMT
A long-anticipated fundamental shift in the market may now be under way, ending a four-year stretch when $100-plus prices were the norm
The rise in Gulf nation cash is “definitely good news for the kingdom."
00:25 GMT
Beyond the walls of a palace outside Casablanca owned by Saudi Arabia’s King Abdullah, Moroccans are buying housing plots that one of the Middle East’s biggest construction firms will fold into a new mini-city
Media, academics and the general public generally focus on the issues which have already become popular magazine topics, such as YouTube and Twitter bans.
00:06 GMT
Turkey and her Internet Law are still far away from what could make Turkey achieve its ambitions in the 100th anniversary of the Republic in 2023.

October 12, 2014

Most of the property belongs to locals who have fled and had their property confiscated by the IS group as a result or those who have been forced out.
04:55 GMT
The Sunni Muslim extremist group that has taken over the northern city of Mosul has a new source of income: real estate.

October 10, 2014

The intensification of the civil war in Syria and the continued influx of refugees have adversely affected Lebanon’s economy.
00:59 GMT
Growth in the Middle East and North Africa is forecasted to average 4.2 percent in 2015, the World Bank reported in its latest Middle East and North Africa Economic Monitor.
The level of interest mirrors widespread investor confidence in the markets of the UAE, with Dubai's index more than tripling in value since the start of 2013.
00:49 GMT
The feeding frenzy driving a flurry of new stock listings in the United Arab Emirates could scupper the market's nascent revival if companies float too soon and expose the fragility of overstretched investors.
The Europe-Iran Forum is being held at a politically sensitive moment as world powers try to reach a deal with Iran on its nuclear program before a Nov. 24 deadline.
00:34 GMT
The Oct. 15-16 conference, the largest gathering of Iranian commercial officials in London for years, aims to attract capital which the country badly needs due to its isolation under international sanctions.

October 9, 2014

Israel plans to fully or partly privatise a number of state-owned companies in a move aimed at boosting efficiency, reducing the national debt and fighting corruption.
14:31 GMT
"To break these things you have to put the country into misery for a long time," Beenstock said, and Netanyahu and Lapid are "not going to do it".