Featured Articles

May 26, 2013

The system will make mass movement during pilgrimages simpler and faster
12:40 GMT
Abdullah al Nuaimi, UAE Minister of Public Works, has called for coordinated work by member nations on the GCC rail network, and has said that upcoming meetings will discuss the project's requirements and specifications.
The state of the construction sector appears to reflect its robustness that it has exhibited over the last couple of years
11:54 GMT
The magnitude of contracts within the construction sector continues to illustrate the Kingdom's appetite for heavy capital expenditures as about SR 49.1 billion ($13 billion) worth of contracts were awarded during the first quarter of 2013.
Jordan has been a natural candidate for a national solar power industry
05:00 GMT
Surrounded by regional crises, Jordan’s greatest challenge remains its chronic energy woes, with officials racing to develop local alternative resources to reign in skyrocketing electricity subsidies.
Overall gold demand dropped by 13 per cent in the first quarter this year
05:00 GMT
Gold has always been considered a safe haven for investments. When the markets crumbled in the past, investors ran to it for shelter. However, when this asset of last resort suddenly loses its lustre, investors change their tack.
Companies are choosing between market share and profit
05:00 GMT
Overcapacity in the global solar industry is unlikely to disappear soon, suggest data and strategies outlined in the recent financial reports of top manufacturers.

May 23, 2013

The work of the Ministry of Finance is being obstructed at every corner by bureaucracy and an IT system that presents more problems than solutions. (Photo: Marwan Tahtah)
13:18 GMT
The Union Coordination Committee Wednesday accused the Finance Ministry of intentionally submitting salary scale bills with errors in them in a bid to delay the ratification of a wage hike in Parliament.
Egypt to boost fuel supply to ease po2wer shortages
12:13 GMT
The Egyptian government said on Wednesday it would supply more gas and diesel to power stations to deal with electricity shortages that have worsened in recent months after the cash-strapped country failed to import enough fuel.
Pakistan had received similar help from the Saudis in 1998
11:03 GMT
Pakistan may get a bailout worth up to $15 billion from Saudi Arabia for its troubled energy sector, a Pakistani official told Dawn newspaper.
Brands have also begun to appreciate the importance of digital.
06:00 GMT
Regional online advertising spend is growing at a rate of around 25-30 per cent every year.
Newsweek.com will be entirely free to begin with, but there are plans to introduce a metered pay wall.
05:00 GMT
Newsweek re-launched the website in tandem with the US based design firm Huge, with three-to-five feature stories from Newsweek’s tablet edition (called Newsweek Global) will go live on the website.
Those who want to take the gold iPad home with them will be able to buy them from the hotel’s boutique
05:00 GMT
Opulent devices provide guests with quicker access to services and part of wider technology push

May 22, 2013

Manufacturers are waiting for interest in hybrids to grow
05:00 GMT
Hybrid cars are reaching the Gulf in limited numbers. But those who want to do their bit for the environment, or make a statement, will have to dig deep into their resources.

May 21, 2013

Developed markets poured leveraged capital into the UAE
13:30 GMT
The UAE is increasingly becoming a preferred destination for foreign private capital as the country proved a safe haven for investors amid the political turmoil in the Arab world.
"Annual credit growth is likely to be closer to 14-17% y-o-y"
10:11 GMT
Qatar’s banks’ credit is likely to grow by 14% to 17% year-on-year (y-o-y) in 2013, much lower than the average 27% expansion seen in the previous two years, according to a Barclays study.

May 20, 2013

Spending on interiors is expected to increase 28 per cent
13:48 GMT
The UAE is expected to be the biggest spender in the GCC on home interiors and fit-outs, with an estimated $1.5 billion (Dh5.5 billion) budget in 2013 as the country’s residential market continues to grow.