Featured Articles

February 24, 2015

At some of the leading shopping destinations, rental increases have shot up by an average 25-30 per cent on lease renewals,
21:00 GMT
With sector sales volumes dipping, new demands are placing an extra burden on them
Russia isn’t the first Muslim-minority country to venture into Islamic finance.
12:22 GMT
Russia plans to open its first Islamic bank this year, seeking to attract Shariah-complaint funds as international sanctions push the economy toward a recession.
The expenditure adjustments in the GCC countries as policy response to oil price decline are expected to vary depending on the relative fiscal health of individual countries .
07:56 GMT
While the current oil prices are below most GCC countries’ fiscal break-even point, governments generally have the resources to help mitigate the immediate impact and maintain a supportive operating environment for economies.

February 23, 2015

In general, Europe is entering a new phase of recession, and the instability and lack of economic growth is part of the current drop in oil prices, Al Hassani added.
20:08 GMT
Cyprus and Greece which are struggling following economic bailouts are looking to attract investors from the UAE.
A very small percentage of expatriates, working in managerial positions, are paid huge salaries but the vast majority is not.
19:44 GMT
The Labor Ministry has forced the minimum wage on the private sector to make sure that Saudis will not be exploited, the same should be done for expats.
The U.S. initially sought restrictions lasting for up to 20 years; Iran had pushed for less than a decade.
17:41 GMT
The United States and Iran are shaping the contours of a deal that would initially freeze Tehran's nuclear program but would allow it to slowly ramp up activities.
Shahin also mentioned that the cars people ride and international-educational institutions is currently a part of the social-status equation.
12:09 GMT
From Michael Kors to Victoria’s Secret and Tory Burch, City Stars' entire floor is a line-up of the most luxurious brands in the world.

February 22, 2015

Avni was referencing the justification of the seizure of the management of Bank Asya, the country's largest Islamic lender, in a midnight operation on Feb. 3.
18:35 GMT
A government whistleblower who tweets under the pseudonym Fuat Avni argued on Tuesday that most lenders in Turkey are vulnerable to being seized by the government.
Air traffic control is a seemingly invisible concept, and as such it’s often forgotten about.
18:20 GMT
Air traffic control is a seemingly invisible concept, and as such it’s often forgotten about.

February 19, 2015

"We are all trying to work out when the US production is going to slow down," he said.
21:52 GMT
The oil sector is restructuring after the collapse of oil prices and opportunities may emerge for larger players wishing to snap up distressed companies.
The wonderfully sounding ‘elevated fast casual’ section of the market is the fastest growing segment right now.
13:30 GMT
The participants at the second Global Restaurant Investment Forum today believe there may be room for more. Has the market not become rather saturated?
The security problems caused by Daesh (IS) and others are creating a major challenge for the new investments in the Middle East.
09:48 GMT
The rise of the Islamic State (IS) in Iraq and Syria presents a major challenge for the investment necessary to prevent an oil shortage in the next decade.
The beheadings of 21 Egyptian Coptic Christians in Libya, which prompted the air strikes earlier Monday, was an "additional reason for security" for Cairo.
09:37 GMT
Paris hopes the 5.2 billion euro ($5.9 billion) deal for 24 Rafale fighters to be delivered later this year -- which comes as Cairo launched air strikes against jihadists in Libya.

February 18, 2015

"Egypt and Jordan are in great need of natural gas, but there is other natural gas in the region besides Israeli gas."
20:50 GMT
Egypt and Jordan yesterday announced that they planned to sign memoranda of understanding to import gas from other countries.
But with a market still viewed by most companies and investors as risky, to say the least, Unit One had to go the extra mile to prove his company’s ability to deliver.
14:36 GMT
From a small two-room office in Al-Rimal neighborhood in Gaza, Lozon and his partner Ahmed Abu Shaban co-founded Unit One as a self-funded software development startup in 2005.