Featured Articles

May 9, 2013

Saudi Arabia’s Green Construction Potential: Insurance for a New Green Economy?
11:16 GMT
Gulf countries should prioritise investing in green energy to sustain their economic and infrastructure growth
Anantara opened its Royal suite at its Abu Dhabi Eastern Mangroves resort in January.
06:48 GMT
The resort will be operated by Anantara Hotels & Resorts, which is opening a resort on Palm Jumeirah in Dubai in September.

May 8, 2013

A photo showing Lebanese construction workers
14:36 GMT
Lebanon’s cement market is an oligopoly controlled by Holcim, Sibline and Cimenterie Nationale, three producers benefiting from government regulation of imports which has effectively been a ban since import licenses were last granted in 2001.
The original plan projected a total of 895 MW of power
14:31 GMT
The US $7.6 billion Climate Investment Funds (CIF) today gave the go-ahead to Algeria, Egypt, Jordan, Libya, Morocco and Tunisia to proceed with an updated version of a sweeping plan.
 A trading board is seen on the floor of the New York Stock Exchange at the end of the trading day on May 7, 2013 in New York City. (Photo by Spencer Platt/Getty Images)
12:56 GMT
Would anybody in their right minds accept a two to three per cent annual return on an investment selling at an all-time high with a potential to lose half its value and perhaps as much as 10-15 per cent in a single day?
Two in three nurses want out of their jobs
11:10 GMT
The shortage of qualified nurses working in Lebanon could become even more acute if working conditions are not improved, nurses and public health experts warned on the eve of World Nurses Day.
Goldman Sachs tower in New Jersey
06:16 GMT
Brandon Short, a former Goldman Sachs investment banking executive for MENA, will join with two former senior executives from Deutsche Bank to form World Business Partners UAE (“WBP”), a small business finance company based in Dubai.

May 7, 2013

 IMF Managing Director Christine Lagarde (L) greets Somalia's Bank Governor Abdusalam Omer (R) during a meeting with members of MENA, April 21, 2013 at the IMF Headquarters in Washington, DC.
13:43 GMT
A recent World Bank report says most African countries' impressive economic growth over the last decade has largely been a result of the abundance of extractive resources and high prices on international markets.
Oman expects boost in hotel development in 2013/2014
13:32 GMT
Mohammed Mahfoodh Al Ardhi, chairman of Sundus Investments and Vice Chairman of National Bank of Oman, sounded upbeat over the growth prospects of Oman's hospitality sector.
Gold closed at $1,470.75 an ounce on Sunday. But the jewellery trade believes there is another spurt of buying at the retail level starting from last weekend and lasting all the way to May 13
11:58 GMT
It was set off by a buying and selling frenzy in the 10 days from the afternoon of April 11, when gold prices took a dive, and saw volumes of gold touch 2-2.5 tonnes a day against the average of 1-1.5 tonnes a day in more sedate times.
Social media seminar in Sudan
11:57 GMT
Restrictions on press freedoms shouldn't preclude the development of other media in Sudan, a forum in Khartoum on journalism's digital revolution heard on Saturday.
As investors wait for the Federal Reserve's policy-making committee to conclude its two-day meeting, the Dow Jones industrial average, S&P 500 and the Nasdaq all declined 0.4% in morning trading. (Photo by Spencer Platt/Getty Images)
11:51 GMT
David Zervos, head of global fixed income at Jefferies, told Bloomberg TV’s Erik Schatzker and Sara Eisen on ‘Market Makers’ that the Federal Reserve’s QE program is ‘the greatest monetary policy experiment of our lifetime and I do not think that anyone is smart enough, me, any central banker up there’ to figure out how to properly exit.
King Abdullah Bin Abdulaziz Al Saud, Custodian of the Two Holy Mosques, greets guests during the inauguration of King Abdullah University of Science and Technology (KAUST) on September 23, 2009 in Thuwal, Saudi Arabia.
10:55 GMT
The priority given to Saudi Arabia’s infrastructure development is yielding dividends, says Abdulaziz M. Al-Angari, board member and vice president of Al-Angari Holding Company.

May 6, 2013

The Kingdom’s trade surplus grew from SR 150.65 billion in 2002 to SR 874.17 billion in 2011, according to official data.
13:22 GMT
KSA's trade balance has improved drastically over the last decade, according to a new national report
Google's new year's doodle
11:47 GMT
From its humble beginnings the company has grown into one which has become almost unavoidable online and in some cases offline, as it also owns the loss-making Motorola Mobility mobile phone maker.