Featured Articles

June 12, 2014

"Earnings of companies listed in Saudi Arabia will be driven primarily by government spending and increased personal consumption."
11:21 GMT
The Saudi government embarked upon an aggressive 10-year spending program five years ago.

June 11, 2014

The top spending categories for the youth in Saudi include out-of- home dining, fashion and gifting, while the young consumers in Egypt place more value on dressing up and eating out.
14:38 GMT
Businesses in the region have the potential to increase their bottom lines by tapping into the younger Arab generation that are now undergoing a transformation and aspiring to make lives better.
Israelis and Diaspora Jews have known for years that Dubai is a tax haven, and some of them have concealed money there.
13:56 GMT
With the end of banking confidentiality, many Israelis are fleeing the long arm of the Israel Tax Authority to the tax haven of Dubai, which has no bank reporting.
In January of this year, the Iraqi federal government cut the KRG's 17 percent share of the national budget after it opened a separate pipeline connecting to Ceyhan that bypassed Baghdad.
04:55 GMT
Baghdad repeated that it would sue the Turkish government and that the Turkish state owned pipeline operator Botas for facilitating the sale of the crude
 China only buys 4.4 per cent if its exports, although it still represents three times the share in 2003, which was 1.4 per cent.
04:55 GMT
Trade flows are an excellent proxy to measure the dynamics of the Sino-Gulf connection and the most recent data on exports and imports released by GCC countries confirm that the connection is growing stronger very rapidly.

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.