Featured Articles

May 16, 2013

A sky view of Mecca, Saudi Arabia
KSA Hydrocarbon advantage
14:36 GMT
Saudi Arabia will continue to make the most of the competitive advantage presented by its hydrocarbon reserves despite rising US shale oil production.
Gas Prices Continue To Rise As Uprisings In Mideast Drive Price Of Crude Oil Up (Getty Images)
Oil in the Mideast: current advantage, future problem
12:45 GMT
The Middle East is facing a double dilemma over the global competitiveness for oil in the future.
At least 20 percent of students say that they resort to political connections and 73 percent think that political connections are important to find jobs. (photo: Haitham Moussawi)
The hidden cost of job connections in Lebanon
12:41 GMT
When Lebanese graduates begin looking for jobs, what does it actually mean to employ personal connections to improve employment chances?
Zaya Dubai will be the developers
New $1b hotel on Palm Jumeirah
11:42 GMT
Dubai-based Skai Holdings plans to build a $1 billion (Dh3.67 billion) hotel with over 200 serviced apartments on Palm Jumeirah.
Staff are angry and frustrated with their company’s policy
Abu Dhabi company ceases all employees' mobile phones
10:23 GMT
The firm in question has been keeping employees’ mobile phones under lock and key during working hours.

May 15, 2013

The price has also recovered by $100
Precious metals investors need only patience and common sense
13:21 GMT
People usually rush to the sales in January to snap up the bargains and across Asia it has been the same story for gold since the price crash last month.
Something very odd is going on in global stock markets this summer
Hiking stocks an early sign of coming hyperinflation - expert
12:36 GMT
Stocks seem to be rising for no apparent reason.
Ashghal’s five-year projects include construction of more than 70 huge projects
Qatar to sink $30 billion in infrastructure - official
11:55 GMT
The Public Works Authority (Ashghal) will invest $30 billion in building and infrastructure projects in the next five to seven years.
The region remain dependent on the price of oil for its prosperity
Bahrain needs 9% growth independent of oil and gas annually
11:36 GMT
Nine percent is the equivalent of adding USD 10 billion to the Bahraini economy every year
The concept of supporting their employees in enhancing personal savings is still new for companies in the UAE
Employees saving schemes still unpopular in UAE
01:12 GMT
Some companies are slowly warming up to the idea of establishing an employee savings plan as an alternative to a pension scheme.

May 14, 2013

Jazan Economic City
Saudi Arabia to build new SR550 million iron ore factory
11:31 GMT
In its first stage, the factory will produce 500,000 tons of titanium dioxide and 250,000 tons of pure raw steel for local consumption.

May 13, 2013

The GCC states spend around $800 million annually on tobacco products
Smoking costs GCC more than $500 million - experts
05:40 GMT
The six member countries of the Gulf Cooperation Council (GCC) are home to four million smokers
The French insurance major Axa emblem
French insurance company Axa to sell insurance as commodity in GCC
04:40 GMT
The French insurance major Axa can lay claim to what the majority of its global counterparts with Middle East exposures cannot
Iran has managed to make progress on different fronts, including the energy sector
Iran has around 25% of the petrochemicals in Middle East
04:31 GMT
At the moment, Iran has a roughly 25-percent-share of the petrochemicals in the Middle East, and is planning to increase it to 38 percent by the end of the five-year National Development Plan, said Ramezan Oladi, Director for Planning and Development at the National Iranian Petrochemical Company (NIPC).
Three per cent said they never even think about being a victim of fraud
7% of Emaratis had to deal with a false positive with their bank - survey
04:31 GMT
One in four people surveyed in the United Arab Emirates has experienced the frustration of a credit or debit card payment being declined, because the bank incorrectly thought it was fraud