Featured Articles

February 6, 2015

The government has allocated about $11 billion for transport and infrastructure with over half allocated to upgrading roads, port, rail and airport projects, stated Mace in its report.
20:52 GMT
Saudi Arabia is set to spend heavily on the education infrastructure projects across the kingdom.
The brothers share a fortune of at least $1.4 billion, according to the Bloomberg Billionaires Index.
17:01 GMT
The oldest, Wassim Daher, founded the company in 1978 as a single multibrand clothing store in Beirut.
The price slump is expected to cost the six Gulf Arab states around $300 billion in lost revenues this year, the International Monetary Fund said last month.
14:28 GMT
Middle Eastern and North African states are expected to invest $755 billion in energy projects over the next five years despite the plunge in world oil prices, a key lender says.

February 5, 2015

Still, hospitals must decide whether the difficulty of sorting through a deluge of patient-generated data of varying quality is worth the investment.
21:02 GMT
Apple Inc's healthcare technology is spreading quickly among major US hospitals, showing early promise as a way for doctors to monitor patients remotely and lower costs.
The war for talent in Saudi Arabia is heating up as the Saudization programme puts pressure on companies to increase the number of Saudi National employees and retain existing employees.
09:50 GMT
It can be a daunting task for employers to hire qualified Saudi Nationals

February 4, 2015

"When we do business, we have to take a flight, so it can be east or west," said Peres.
19:59 GMT
Israeli companies are increasingly turning to Asia to capture a boom in demand for their technology, as the government urges them to diversify export markets in response to Europe's rising anti-semitism and potential trade sanctions.
Along with low oil prices, this has prompted Tehran to sweeten the terms it offers on oil development contracts to draw the interest of foreign investors.
19:43 GMT
Iran is sidestepping Western sanctions and managing to sell hundreds of thousands of tonnes of fuel oil every month through companies based in the United Arab Emirates.
Names like Sawiris, Sewedy, Mansour and Ghabbour come to mind at first thought.
19:00 GMT
In the long list of international billionaires and millionaires, Egypt has scored several times.
Within the Gulf Cooperation Council Countries (GCC), Saudi Arabia tops the list, with a misery index of 20.35, putting the country in the 47th place globally as of 2014.
04:55 GMT
Life is difficult if there are no jobs, the cost of living is rising and loans are hard to come by.

February 3, 2015

The divided public in Bahrain will eventually demand collective reforms, either when they realize that royal handouts are untenable or when they no longer believe that their monarchy is legitimate.
19:56 GMT
The divided public in Bahrain will eventually demand collective reforms, either when they realize that royal handouts are untenable or when they no longer believe that their monarchy is legitimate.

Oil prices are likely to stay relatively low in 2015, and/or until demand picks up strongly.
05:55 GMT
While low oil prices are a challenge for oil exporting countries, it is also an opportunity for stable GCC countries to implement deep structural reforms and move towards becoming more mature and diversified economies, say experts.
As the global economy has witnessed in the previous months, the market for fuel has been a very volatile one, otherwise cursed with a lack in demand.
04:55 GMT
Euro-commodity brokers earned a large share of meticulously watched endeavours to source Egypt with approximately $2bn worth of liquefied natural gas [LNG] as they exert great efforts to develop into a sector.

February 2, 2015

Following the temporary rebound in 2010, world real gross domestic product (GDP) grew by a mere 2.5 percent per annum.
18:32 GMT
The global economy never fully recovered from the financial crisis.
The World Bank is trying to measure the consequences of plunging oil prices on the economies of the MENA region
12:54 GMT
According to its most recent report, entitled, “Plunging Oil Prices,” the World Bank expects lower oil prices to benefit Lebanon’s economy.
The oil-producing region had hoped to make tourism the second pillar of its economy.
07:55 GMT
Billboards still read "Welcome to Arbil, 2014 Arab Tourism Capital," but most of the visitors Iraq's Kurdistan region welcomed last year were people made homeless by a jihadist offensive.