Featured Articles

June 10, 2014

Cairo's notorious traffic costs Egypt LE47 billion ($6.5 billion) every year, or 2.5 percent of its current GDP, according to a recently released World Bank study.
12:28 GMT
Cairo is also under-supplied with public transport, compared to similar large cities around the world.
Bilateral trade and social relationship between these two countries is by far the biggest in terms of volume and importance.
11:54 GMT
Buoyed by 10 new flights in the highly valued Indian market, flydubai CEO Ghaith Al Ghaith said the India question was slowly, but steadily, being answered.
However, she pointed out, it is not right to generalize that organic foods are more expensive than the conventional goods.
10:15 GMT
Western expatriates are considered a significant driver of the organic market in the UAE, but recently, retailers are seeing other nationalities switching to the organic food lifestyle
One of the most important figures in Egypt’s drive to resuscitate the economy is Finance Minister Hany Kadry Dimian, who is expected to stay on in the new administration.
05:34 GMT
“He knows that he has a one year honeymoon and that’s why he has to deliver in terms of jobs, in terms of lowering inflation, in terms of the debt,” he said.

June 9, 2014

Saudis working in government or private sector jobs are not obligated to obtain a permit from the Kingdom.
21:19 GMT
Al-Sulami, who graduated recently, wants to work in other GCC member states for a few years, gain some job experience and then eventually return to the Kingdom to find a suitable job.
The ratio of workers to rooms has dropped from 7.9 workers for every room to a single worker for each room, Badran said. Skilled tourism workers have abandoned the sector, and Egyptian hotels face considerable challenges in training new workers, according to Hussein Badran.
09:51 GMT
Egypt’s tourism revenue during the first quarter (Q1) of 2014 declined to $1.3bn, a 43% drop from the same period during 2013.
Providers argue that those who pay the fee will be able to record the games and rewind television, but, as any football fan will tell you, watching a recording or highlights is never the same experience as seeing a game live.
09:42 GMT
It seems the biggest football tricks of this year’s tournament will not come from the ball skills of Ronaldo or Messi but providers in the UAE out to make a quick buck.

June 8, 2014

In this sense, investments in real estate seek not to develop properties to sell apartments, as much as to speculate in search for huge returns.
16:50 GMT
Over 200,000 apartments in Lebanon are vacant. This figure raises legitimate questions about soaring apartment prices, when the population in Lebanon has been more or less stable.
The UK is the largest European investor in Egypt, and British companies investing here have continued to invest and expand their operations over all this period.
12:36 GMT
Franck listed the challenges British investors face in the country, reaffirming his positive outlook regarding the economy.
The NSA is capable of recording 100 per cent of telephone calls, randomly or selectively from any mobile carrier.
11:48 GMT
As the Middle East begins to grow significantly and prepares to welcome the world for Expo 2020 and the FIFA World Cup 2022, the threat is evident with a growing number of malware and spyware attacks.

June 7, 2014

Visitors from the GCC are the UK’s biggest spenders, splurging an average of Dhs2,440 (£442) per head when they travel to the country,
20:02 GMT
Gulf travellers are among the most lucrative and high-yield tourists due to their lavish spending habits, industry experts.

June 5, 2014

Swiss authorities froze funds linked to former Tunisian president Ben Ali and Egypt's Mubarak within hours of the two longtime autocrats being chased from power in 2011.
13:40 GMT
"There is an arsenal to minimise the risk of money derived from corruption. I think that the system works pretty well. We take care of cases that fall between the cracks."

June 4, 2014

Growth has been so fast in recent years that any slowing of construction spending due to the loss of the World Cup might have little impact on the overall economy.
03:55 GMT
Qatar’s sizzling growth would slow if it lost the right to host the 2022 World Cup soccer tournament.

June 3, 2014

Among the highly touted projects include the ongoing Business Bay project, currently valued at $11.2bn, which is expected to be fully completed in two years’ time;
18:35 GMT
“Dubai is shaping up as an intelligently master planned megacity, which is quite a departure from its initial development stage expected of a fast booming economy".
New Bain & Company study shows how lost time costs millions each year; recommends zero-based time budget, other practices to fight time management’s “8 deadly sins”
13:43 GMT
Top executives lose thousands of hours each year responding to email and sitting in unproductive meetings, and the losses snowball through their organizations