Featured Articles

October 17, 2014

The value of investments of Jordanians in Turkey is around 500 million euros (JD450 million), in Egypt over JD350 million and over JD50 million in London’s real estate market
01:00 GMT
The UAE is the biggest market for Jordanian property investors, he said, indicating that the drive behind Jordanian investments in other markets is the incentives they are offered abroad.

October 16, 2014

The shale revolution has been driven by hundreds of disparate U.S. companies drilling thousands of new wells.
00:29 GMT
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output.
Turkey’s economy has grown by 6 percent on average since 2010.
04:55 GMT
Istanbul’s Crystal Tower is a 35-story symbol of diverging fortunes. Due for completion next year,

October 15, 2014

Labourers are expected to work long hours with little benefit or days off (File/AFP)
12:40 GMT
Hundreds of migrant workers in the UAE face dire conditions and are being denied days off and overtime benefits, according to an XPRESS investigation.
Kuwait is home to 2.8 million foreigners, with Asian labourers making up more than two-thirds of the population (File/AFP)
12:27 GMT
A lawmaker in Kuwait has insisted that expats in "unskilled and semi-skilled" occupations should only be allowed to reside in Kuwait until the age of 50.
A Saudi woman films an Islamic ceremony on her phone (File/AFP)
11:24 GMT
Saudis love using their phones! The kingdom's market is the largest in the Middle East with 53 million subscriptions in 2013 alone.

October 14, 2014

To finance the 2015 budget, the government will need a total of 8 billion dinars ($4.5 billion) of which 5 billion dinars will come from foreign sources.
14:46 GMT
His comments underlined the obstacles still faced by many economies in the region three years after the Arab Spring.
A Saudi woman talks on her phone in a shopping mall (File/AFP)
13:52 GMT
Around 53 per cent of the Mena region's population subscribed to a mobile phone in 2013. This year, that number got even higher.
Hotels in close proximity to theme parks are not as common as they should be, according to the report (File/AFP)
12:54 GMT
With around 45 theme park attractions and waterparks across the GCC, there's no shortage of these entertainment centres. However, hotels and adequate lodging are lacking according to a recent report.
Defending and winning share in Asia's still growing markets has become the primary focus.
05:55 GMT
Last week, Saudi Arabia sharply cut its official oil prices for Asian customers in November, in the clearest sign yet that it is competing harder for crude market share.
The new Dubai Tram that is slated to be launched in November could add significant value to the properties around this new mode of transport
04:55 GMT
After the success of Dubai Metro, now the Dubai Tram project could further change the dynamics of the real estate sector,

October 13, 2014

Despite mixed results across sectors in 201, the GCC Islamic Finance industry is expected to maintain its rapid growth over the coming years.
22:58 GMT
The global ratings agency said banking credit stock in the GCC is also expected to climb by around 10 in 2014 and 2015.
The signs are everywhere: US oil imports are shrinking much faster than expected while oil production climbs to a thirty-year high.
13:22 GMT
A long-anticipated fundamental shift in the market may now be under way, ending a four-year stretch when $100-plus prices were the norm

October 12, 2014

The rise in Gulf nation cash is “definitely good news for the kingdom."
00:25 GMT
Beyond the walls of a palace outside Casablanca owned by Saudi Arabia’s King Abdullah, Moroccans are buying housing plots that one of the Middle East’s biggest construction firms will fold into a new mini-city
Media, academics and the general public generally focus on the issues which have already become popular magazine topics, such as YouTube and Twitter bans.
00:06 GMT
Turkey and her Internet Law are still far away from what could make Turkey achieve its ambitions in the 100th anniversary of the Republic in 2023.