Featured Articles

May 12, 2013

Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi addresses the audience during a lecture in The Center for Strategic and International Studies (CSIS) in Washington DC in this April 30, 2013 file photo. (AFP)
11:12 GMT
The Kingdom can reduce its dependence on oil revenues by creating a strong sovereign wealth fund (SWF), according to some experts.
Kurdistan thumbs its nose once more to Federal Iraq in a long-running feud that threatens to boil over
07:40 GMT
Kurdistan thumbs its nose once more to Federal Iraq in a long-running feud that threatens to boil over
The shift is due to the debt problems afflicting the European Union and the Arab Spring
06:06 GMT
While they continue to reduce dependence on energy resources, GCC countries are increasingly spending locally and redirecting a greater portion of foreign investments back into the region.

May 9, 2013

Feral cats crowd a boat in the hopes of receiving scraps from fishermen at a local dock (Photo by Greg Kahn/Getty Images)
12:09 GMT
The Saudi Presidency of Meteorology and the Environment department seeks to develop and activate all possible means, as well as deploy the latest technology, to protect people and properties from the elements and environmental pollution.
Over 90 per cent of online travel queries in the UAE and Saudi Arabia are brand-related
11:25 GMT
Despite the strong trust online customers in the Middle East have for brands, many of them fail to optimise their sites on mobile devices and tablets.
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.