Featured Articles

April 3, 2015

Out of the 150 publicly listed organisations that were included in the review, 100 were recognized for being instrumental in the growth of GCC companies,
12:25 GMT
The latest Top CEO Awards, which recognizes the best leaders who have delivered solid results and kept businesses in the Gulf Cooperation Council (GCC) region growing, is out.

April 1, 2015

Last week, a leading Swiss banker told his Lebanese counterparts that the era of banking secrecy was over.
21:23 GMT
Lebanon will not abandon its banking secrecy law.
It is just about impossible for a mall developer from one of the other Gulf states to try and do something new in Dubai or Abu Dhabi.
21:05 GMT
They are helming major expansions and integrating hospitality to cast the net wider
"Tunisia must begin to say (to tourists) 'we are ready to welcome you'. There should be no looking back," he added.
12:52 GMT
The attack raised major concerns about the future of Tunisia's vital tourism industry.

March 31, 2015

The average tourist spending during the last year was $74-per-night, according to the Economic Advisor to the Minister of Tourism.
08:39 GMT
Saudi tourists were the biggest spenders during 2014, spending $131.5 per night, followed by US tourists spending $101.3 per night.

March 30, 2015

Arab tourists represented 14.8% of the total visiting tourists with 13,000 in July.
20:17 GMT
Despite its geographical closeness to Egypt, the percentage of GCC tourists visiting Egypt compared to the total number of tourist has not exceeded 20% in any given month in 2014.
15:51 GMT
Political and economic turmoil over the last four years caused decline in the volume of Arab exports and imports specially between the Arab Spring countries such as Syria, Libya, Yemen, and vice versa.
Mahmoud said that Egypt’s new visa rule and tighter control of its security issue boosts tourists’ confidence in the country.
09:38 GMT
An overhaul of Egypt’s visa system announced last week is unlikely to keep Gulf residents from jetting off to see the pyramids this summer.

March 29, 2015

The ambassador mentioned that the CPEC would also boost the economies of the Gulf states by increasing the trade volume and huge savings in freight.
12:18 GMT
As of now, 60 per cent of China’s imported oil comes from the Middle East, and 80 per cent of that is transported to China through the dangerous Strait of Malacca.
Unemployment stands at 25 per cent and output is set to contract this year, sharply increasing the threat of instability and violence.
06:55 GMT
Israel's decision to withhold $130 million a month in revenue collected on behalf of the Palestinians is strangling the economy

March 24, 2015


Top-end hotels look set to profit from this trend with over a third of MENA residents usually staying in luxury hotels when traveling for leisure.
19:44 GMT
According to the latest YouGov report, the top three luxury holiday destinations for MENA residents are UAE (14%), Italy (10%) and Turkey (5%).
 Forty-eight per cent of the family business agreed that making the business more professional is a key challenge over the next five years.
09:29 GMT
Skilled staff recruitment is a significant challenge for the Middle Eastern family businesses with 73 per cent of those saying are interested to hire the right skills and talent in the coming five years, according to a PwC survey released yesterday

March 23, 2015

The economy has been reeling since December, when production fell to around 350,000 bpd as the Fajr Libya militia alliance, which includes Islamists, attacked oil terminals in the east.
20:48 GMT
The battle for Libya's oil wealth has taken on new dimensions as rival governments lay claim to the National Oil Company (NOC), further deepening divisions in the volatile North African nation.
 In some stock markets such as Qatar, Islamic investors with few options to choose from can reward sharia-compliant firms by piling into their shares.
20:40 GMT
Across the Gulf, companies that have traditionally used conventional finance are considering whether to "go Islamic",
Dubai wants to keep adding more hotel rooms until 2020.
14:52 GMT
The popular attractions in Dubai are still attracting hundreds of visitors each month, but there aren’t as much tourists checking into hotel rooms.