Featured Articles

February 26, 2013

UAE executives largely perceive innovation as a positive force and key economic driver
07:07 GMT
Innovation is key for businesses in the UAE, with 89 per cent of companies looking for new methods of working, according to a new survey.
Trading in the real estate market rose by 40 per cent to JD421 million in January, while it stood at JD300 million in the same month last year
07:07 GMT
Home builders in Jordan are facing a massive profit squeeze, but there are hopes for strong sales in the summer months, according to the head of the country's house building association.
Trade between the UAE and Turkey reached $ 5 billion in 2011 and is forecast to markedly increase to up to $ 10 billion by 2015
06:51 GMT
Turkish investments in the United Arab Emirates reached $ 6 billion, with the main focus in the construction sector, while the UAE investments in Turkey reached $ 5 billion in 2011.

February 25, 2013

The GCC region is facing a major health spending burden, according to new research
12:59 GMT
The health care spending will impose a hefty burden on GCC governments in years to come, according to research by Booz and Company.
Egyptians bought 43 per cent more cars in January 2013 compared to the same month of 2012; producers and distributors remain cautious
11:57 GMT
Car sale in Egypt are in the fast lane, increasing by 43 per cent in January of this year, the latest report from the Automotive Marketing Information Council (AMIC) shows.
The teachers would seal off the entrances to private schools starting from 6 a.m. to make sure none of them receive students
11:01 GMT
Private sector teachers in Lebanon join government colleagues as strike action over the long-debated salary increases enters its second week.
New projects to boost Saudi tourism
10:01 GMT
Saudi Arabia is moving itself to become the centre for tourism in the MENA region, including massive new infrastructure projects and a new airport in Jeddah.
45.2pc of people stated not being paid enough was the main factor in wanting to quit
08:55 GMT
More than half of people working in the Middle East and North Africa (MENA) want to quit their jobs, according to a new study.
It estimates that Iran lost over $40 billion in export revenues in 2012 or about $3.4 billion per month
08:42 GMT
Iranian oil will continue to slip up as western sanctions on the Islamic Republic's alleged nuclear programme continue to hurt exports.

February 24, 2013

Some retailers in the UAE have tested their products to be sure their meals are clear
20:38 GMT
It's a scrumptious affair for food lovers and traders, as the Gulf's largest food industry event - Gulfood 2013 - prepares to showcase over 50,000 food and beverage brands and welcome hoards of industry VIPs to Dubai this week.
Food remains one of the leading drivers of inflation in most of the GCC countries
13:01 GMT
The GCC region remains steady in its inflation of 3.3%. The Gulf economies witnessed a moderate 3.0 percent inflation in consumer prices during 2012, down from 3.7 percent in 2011, according to the expert tracking. This is relatively low when compared to the global average inflation of 4.0 percent and the MENA region's 10.4 percent.
The clear improvement in the number of jobs to be available in the coming three and 12 months is a positive sign for the UAE’s economy
10:40 GMT
A survey has found that in the next three months, 30% of Middle East and North Africa (MENA) employers are “definitely hiring”, with an additional 27% stating that they are “probably hiring”.

February 21, 2013

Many employees at the Finance Ministry’s Value Added Tax department closed their offices and joined a sit-in organized by the Union Coordination Committee
11:19 GMT
Strike action in Lebanon rumbles on as the long-running debate over public sector pay increases shows no sign of abating.
HTC launches new flagship smartphone
11:10 GMT
The global phone giant HTC launched its new HTC One handset yesterday, which it hopes will take the fight to Apple for supremacy in the fight to be the leader in the market.
The local defence manufacturing industry is in the nascent stage and can develop further
10:55 GMT
Defense contractors in the UAE are expecting to close deals with various government entities during Idex as they call on customers to buy locally.