Featured Articles

March 12, 2015

Some analysts are confident about the economy, regardless of whether "Bibi" or "Bougie" wins.
21:13 GMT
Whoever wins Israel's election next week must answer demands for relief from soaring housing prices and a high cost of living, but the days of big state spending on social programmes are unlikely to return.
The UAE remains one of the most tax-friendly destinations in the world for both expatriates and investors alike, according to a new study.
20:28 GMT
Many countries around the world collect value-added tax from ordinary consumers when making small-value purchases or buying big ticket items.
The lira fell to as low as 2.6462 against the greenback early on Tuesday, just shy of a record low hit last Friday at 2.6475.
20:07 GMT
Turkey's lira maintained its weak position against the US dollar on Tuesday, despite efforts by the central bank to defend the currency.
Egypt’s government and private sector will jointly present 60 projects to investors, hoping to attract up to $15 billion in investment.
14:00 GMT
harm El-Sheikh will host the Egyptian Economic Development Conference on which authorities are pinning high hopes of attracting at least $10 billion in foreign investment to prop up the country’s battered economy.
Egypt’s government and private sector will jointly present 60 projects to investors, hoping to attract up to $15 billion in investment.
13:41 GMT
harm El-Sheikh will host the Egyptian Economic Development Conference on which authorities are pinning high hopes of attracting at least $10 billion in foreign investment to prop up the country’s battered economy.
The Labor Ministry has denied a report that it plans to limit the stay of foreign workers to eight years, but a ministry source on Monday insisted that the proposal is being studied and would be implemented.
04:55 GMT
The source was quoted in a local publication as saying that the implementation would be done in stages to soften any negative consequences for workers and employers.
The list of arms exports by Germany since 2002, which has now been disclosed by Gabriel’s Ministry for Economic Affairs, is shedding new light on how deeply Germany has been and is involved in supplying authoritarian regimes over with arms ‘Made in Germany'.
04:55 GMT
In a surprise move of transparency the German government has disclosed a list of all the arms exports from Germany since 2002.

March 11, 2015

Turkey may seek IMF aid after the general election in order to eliminate risks arising from unfavorable currency fluctuations and losses in the country's stock exchange.
18:03 GMT
Government officials have been underlining Turkey's new position as a potential lender to the IMF at every possible occasion in order to emphasize the developments made during the years the AK Party has been in power.
The recent fire at the Torch tower located in Dubai Marina raises several important concerns as to the safety of many of Dubai’s buildings.
08:06 GMT
Given the stakes and uncertainly that these issues collectively represent, the fallout from the recent Torch fire may have only begun.

March 10, 2015

They fear that investors would switch their capital to Saudi companies, creating rapid outflows that would impact negatively domestic stocks.
20:06 GMT
The Saudi stock exchange (Tawadul) is likely to open to foreign investors in 2015, and Gulf’s governments and corporates outside Saudi Arabia are concerned about the impact that it would have on their countries.
“The country has a number of important historical sites and places of natural beauty that could be a magnet for tourists from around the world.
19:58 GMT
Saudi Arabia is capitalising on both new business and leisure tourism opportunities with 55 planned or under-development projects.
Salaries across Saudi Arabia grew seven per cent year-on-year in the Gulf Business 2015 Salary Survey, rising from $12,126 to $12,978.3.
07:39 GMT
The kingdom continued to be the highest paying country for most positions in our 2015 survey, especially for westerners.

March 9, 2015

Last year was by some measures the safest in the history of commercial aviation, despite two high-profile crashes involving Malaysia Airlines aircraft in which hundreds of people were killed,
18:30 GMT
An extensive search in the southern Indian Ocean, where satellite data showed that the Boeing 777-200ER ended up after being diverted from its original flight path, has not found any sign of the plane.
The booking for the airline’s ultra-luxurious and private three-room suite in the sky came just hours after the carrier announced the upcoming launch of new Airbus A380 service for guests travelling on the popular route,
18:24 GMT
UAE national carrier Etihad Airways said it has received an overwhelming reponse for the airline’s inaugural flight from New York’s John F. Kennedy (JFK) International Airport to its hub Abu Dhabi in The Residence by Etihad.
Any regulation to create mandatory affordable housing for “all new residential developments in Dubai” would have to push property values to around, or even below, the Dh600 per square foot (psf) level
17:59 GMT
Locations such as International City and Discovery Gardens, which were aimed at the budget-conscious investor, had seen sharp upturns in 2013, and instantly putting them out of reach for buyers in this category.