Featured Articles

March 27, 2013

GCC countries are collectively studying the possibility of Value Added Tax (VAT) implementation by 2015
07:10 GMT
Investment opportunities are highly attractive in Saudi Arabia, UAE and Qatar as international investors benefit from a range of stable factors, according to industry experts.

March 26, 2013

Despite the steady economic growth in the last decade of Mubarak's rule, the proportion of the population living below the national poverty line rose from almost 17 percent of the population in 2000 to 22 percent in 2008
10:06 GMT
The Egyptian Revolution has failed to bring opportunity for all
Studies have shown that teleworking reduces employee turnover, which means saving the thousands of dollars it costs to train and hire new staff
09:59 GMT
Resistance to using remote workers could be holding back business.

March 25, 2013

Moving away from non-Arabic internet namespaces such as .com, .net and .org, will provide the Arabic speaking world with a uniquely Arabic-orientated corner of the internet
09:53 GMT
Arabic businesses and internet users can take pride in no longer having to rely on the universal English worded domain names for the web activity. The global regulator of web addresses - the Internet Corporation for Assigned Names and Numbers (ICANN) - has officially approved شبكة. (.shabaka in Arabic - translates to .web in English).
Foreign laborers at the construction site of a new tower overlooking the sea at the commercial center of Tripoli
By: Jamie Dettmer
09:34 GMT
Western companies investors are holding back from throwing their financial weight behind projects in Libya. In spite of the consumer boom they are witnessing, propped up by oil prosperity, when it comes to risk assessments, Libya remains high.
Over 80 per cent of the respondents said well-groomed professionals were likely to be more successful in their careers as there is a link between appearance and success
08:54 GMT
Polished looks can promote career success, according to a regional survey's findings. Middle East professionals admit the belief that looking good in the workplace is the key to climbing the corporate ladder as 'there is a correlation between being well-groomed and growing professionally'.

March 21, 2013

Zero hour for wage hike quandary
11:47 GMT
Lebanon's Cabinet meets Thursday under the shadow of a month-long public sector strike and is expected to meet protesters’ demands, but a dispute over the parliamentary elections law might derail the long-awaited session.
Social media was also found to have a notable positive effect within the workplace
11:13 GMT
Social media can have a dramatic impact on job hunting and entrepreneurship in the MENA region, according to a study by Dubai School of Government.
Kuwait recorded one of the highest fiscal surpluses in the world last year, approaching almost a third of its GDP
11:00 GMT
Kuwait’s central bank expects the country’s economic growth to slow dramatically this year as it predicts a contraction in the contribution of the oil sector, as the crude exporter trims output.
Kuwait budget surplus to top $50 bn in 2012-13
08:43 GMT
An oil price of between $101 and $118 per barrel in 2013-14 could generate a budget surplus for Kuwait of up to $56 billion next fiscal year.
The World Bank's development current investment portfolio in Egypt is almost $3.945 billion
07:50 GMT
Development policies for Egypt's struggling economy fail to address the 'true needs of Egypt's citizens', according to a recent study.
Many street vendors agreed that difficult living conditions and the lack of government assistance forced them to take up street vending and to work illegally
07:39 GMT
Over two years after the self-immolation of Mohamed Bouazizi, starting the Arab uprisings, street vendors in the North African country are still reeling from two years of economic mismanagement.

March 20, 2013

Islamic banking assets with commercial banks in the GCC reached $445 billion at the end of 2012, a 14 per cent increase on the previous year.
13:05 GMT
According to estimates by Ernst & Young’s Global Islamic Banking Center, Islamic banking assets with commercial banks in the GCC reached $445 billion at the end of 2012.
Middle East airlines are expected to post a profit of $1.4 billion in 2013, and industry body said
12:38 GMT
Middle Eastern airlines are expected to post a profit of $1.4 billion during this year, while globally the airline industry will see a modest improvement in its financial performance, says an Iata forecast.
Jordan needs to market its image to investors , according to President of the European Bank for Reconstruction and Development (EBRD)
11:44 GMT
Jordan needs to market its image to investors as an open economy with a skilled labour force, according to President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti.