Featured Articles

December 28, 2014

Marka may attract interest after announcing it had agreed to acquire sporting goods retail chain Retailcorp from a subsidiary of Dubai World in a deal valued above Dh 220 million.
08:00 GMT
Marka may attract interest after announcing it had agreed to acquire sporting goods retail chain Retailcorp from a subsidiary of Dubai World in a deal valued above Dh 220 million.
Rising trade value shows that Dubai will cross the 2013 reported trade figures of Dh1.3 trillion in 2014
04:54 GMT
Dubai’s non-oil foreign trade witnessed steady growth during the first nine months of 2014 with nearly Dh1 trillion mark and set to cross last year’s trade value by the end of 2014, according to the data released by Dubai Customs on Saturday.

December 25, 2014

Over the last 12 months, investor and developer sentiment about Dubai’s property market has swung from extreme exuberance to one displaying a more measured outlook.
03:55 GMT
When it comes Dubai’s property market, euphoria may not necessarily be a good thing.

December 24, 2014

A third of Qatari Internet users will harness WhatsApp to find out the latest news, compared to 21% of online expats.
13:26 GMT
For the first time, a study of Internet users in Qatar has explored the usage of emerging social media channels, alongside more established networks.
Youth unemployment surges across the Middle East. (Image: courtesy of Al Arabiya)
12:17 GMT
According to a recent report by the International Labor Organization, “World of Work Report 2014: Developing with Jobs,” there is a global job crisis, and the crisis is especially acute among the youth.
It's all doom and gloom for the Gulfi dream as the GCC are bracing for tough times with vital oil revenues falling rapidly. (Image: Gulf man expreses grief via Shutterstock)
10:38 GMT
Gulf countries are bracing for tough times as vital oil revenues fall and after they missed a golden opportunity to diversify their economies in a decade of unprecedented windfalls, analysts say.
During the first 10 months of this year Jordan exported 822,000 tonnes of fruit and vegetables
06:02 GMT
The country’s fruit and vegetable exports during this year increased by 7 per cent, while its sheep exports increased by 15 per cent compared to last year.

December 23, 2014

The new Etihad A380
14:04 GMT
The maiden flight of Etihad Airways' long-awaited Airbus A380 superjumbo will take place next week, the Abu Dhabi carrier said Thursday, also announcing its first Boeing 787 Dreamliner route.
The white taxi of Egypt
10:41 GMT
Alex Bank promised to exempt white taxi owners from repaying interest rates that were supposed to be paid for three installments that go back to 2011
Saudi Airlines (Saudia)
09:01 GMT
Saudi Arabian Airlines (Saudia) received another Boeing 777-300ER, a state-of-the-art aircraft with advanced facilities, on Monday.
FREG turns up the heat on grey transactions
07:31 GMT
UAE’s Foreign Exchange and Remittance Group (FERG) has turned up the heat on money laundering and frauds at its recent anti money laundering (AML) and combating terrorist financing (CTF) conference in Dubai.
Dubai Financial Market
06:55 GMT
The Dubai index extended gains for a third session on Monday as investors raised bullish bets triggered by recovering crude oil. The Abu Dhabi index, however, ended lower.

December 22, 2014

Egyptian workers can increasingly be seen scattered across the Levant and the Gulf (Image of 'Egyptian' working the gas station beat, courtesy of hurriyetdailynews).
16:39 GMT
Approximately 592,000 workers signed contracts to work abroad between January and November 2014, with over 400,000 of those signed between March and November, the Ministry of Manpower and Immigration revealed Sunday.
Speculation on Saudi's role in global oil crisis still stirring. Why is Saudi holding its ground on its oil output? (Image Courtesy Lurie's News Cartoon)
15:34 GMT
Saudi minister dismisses conspiracy theories on oil price, but the world's still speculating.

December 21, 2014

The big threat to the market is that lower oil revenues in the Gulf could slash the amount of money available to buy Dubai property
17:47 GMT
The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report.