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September 17, 2014

 This time round, in contrast to previous bouts of weakness in the shekel in recent times, it looks as though the trend is here to stay for a while.
05:55 GMT
"The economy is slowing down sharply," Carmeli warns, "and when you combine this with the fact that Israel is part of the global picture, it's likely that the shekel will continue to weaken."
Almost two-thirds (65 per cent) of wealthy individuals in the UAE identified strong economic security and opportunity as the key factor behind their decision to reside within the country over the next five years
04:55 GMT
Among the UAE HNWIs the report referenced a strong leaning towards religion, ethnicity, extended family and local community leading as being key drivers of their sense of nation.

September 16, 2014

Technology will play a critical role in the implementation of these projects.
15:25 GMT
This makes the kingdom the Middle East’s largest megaproject market by a wide margin,
This year’s conference will see some 200 fund managers from 117 institutions in Europe, the US, the Middle East and Africa obtain first-hand insights during three days of face-to-face meetings with C-suite executives from top listed MENA companies.
05:55 GMT
The debate about the resurgence of the MENA region will take centre stage today at the Emirates Stadium as institutional investors from 27 countries with aggregate assets under management in excess of $8 trillion come togehther.

September 15, 2014

 Female workforce participation stands at an estimate of just 24% in the Middle East, but the region’s women are proving their worth.
22:27 GMT
Forbes Middle East has unveiled its coveted 2014 ranking of The 200 Most Powerful Arab Women.
There is irony in the very title of the spot-on prediction made by Freedom House, which issued a comprehensive report: “The Struggle for Turkey's Internet.
22:10 GMT
Only a week after hosting the ninth Internet Governance Forum (IGF), Ankara struck back at criticism of government Internet policies with full force.
The much-anticipated Apple Watch was finally unveiled last week, and IDC believes it addresses many of the concerns that had been troubling the segment
20:51 GMT
Apple realises that a one-size-fits-all formula will not succeed in the watch segment, and with this in mind, the Apple Watch is extremely customisable,
So far, two of the 80 companies that have agreed to invest in the Red Sea area are from China, he said.
05:55 GMT
A Saudi plan to create an industrial city in the desert, an idea borrowed from China, is now wooing Chinese investors to set up plants there.
Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
04:55 GMT
They are treading a fine line, having to reconcile the fact that their businesses mostly depend on conventional banking practices - interest payments, and to some degree monetary speculation - which Islamic principles forbid.

September 14, 2014

Bahrain gave the lowest salary increase projection at 4.5 per cent followed by the UAE at 4.8 per cent, Qatar at 5.2 per cent and Kuwait at 5.3 per cent.
20:55 GMT
Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries.
“No security measures whatsoever will be able to prevent social problems from arising if more businesses close their doors and go bankrupt,” he said.
14:54 GMT
Lebanon’s leading businesses and bankers warned Friday that the country could further face further economic deterioration if the president of the republic is not elected soon.
Despite being on the brink of ruin, Misrata has become an entrepreneurial phoenix rising out of the ashes and is an example of the vast potential Libya holds as it slowly begins to open up economically to the world.
14:26 GMT
espite being on the brink of ruin, Misrata has become an entrepreneurial phoenix rising out of the ashes and is an example of the vast potential Libya holds as it slowly begins to open up economically to the world.
For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
04:55 GMT
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.

September 12, 2014

Although many leaving comments on the page have emphasised the company’s usefulness in cutting down wasted time, others are Although many leaving comments on the page have emphasised the company’s usefulness in cutting down wasted time, others are worried about its legality.

 about its legality.
20:48 GMT
The service aims to help Egyptians to extract or renew governmental documents including ID cards, passports, marriage documents and death certificates.

September 11, 2014

The extra refined products from Yanbu may have two undesirable impacts, from a Saudi perspective.
21:36 GMT
If you could pick the worst set of circumstances in which to start up a giant, export-oriented oil refinery, you might well have them right now.