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December 22, 2014

Egyptian workers can increasingly be seen scattered across the Levant and the Gulf (Image of 'Egyptian' working the gas station beat, courtesy of hurriyetdailynews).
16:39 GMT
Approximately 592,000 workers signed contracts to work abroad between January and November 2014, with over 400,000 of those signed between March and November, the Ministry of Manpower and Immigration revealed Sunday.
Speculation on Saudi's role in global oil crisis still stirring. Why is Saudi holding its ground on its oil output? (Image Courtesy Lurie's News Cartoon)
15:34 GMT
Saudi minister dismisses conspiracy theories on oil price, but the world's still speculating.

December 21, 2014

The big threat to the market is that lower oil revenues in the Gulf could slash the amount of money available to buy Dubai property
17:47 GMT
The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report.
This drive has seen NYU collaborate with Abu Dhabi, for an educational a programme designed to find the leaders of tomorrow.
13:58 GMT
John Sexton, the president of one the world’s top universities, explains why he decided to expand to Abu Dhabi.
The market is expected to continue to grow fast driven by a large number of mall openings throughout the GCC region the coming five years.
04:44 GMT
The Middle East ranks in the top 10 list of global luxury markets, a report said, adding that regional consumption increased by 11 per cent in 2014,

December 19, 2014

For 45 per cent of respondents, taking a job is a means to broaden their perspectives on life.
14:05 GMT
Almost three quarters (72 per cent) of Mena respondents state that they are employed in a mixed gender workplace.
Implementation of the government’s development plan has been picking up, and momentum is expected to improve further in 2015 and 2016.
00:38 GMT
The consumer has been and remains a key driver of growth in Kuwait, even as growth in the sector has moderated somewhat.
The report also found that the poverty rate among Israelis past retirement age was declining, compared with a rise in the incidence of poverty in the general population
00:16 GMT
High housing prices are preventing an average Israeli family from making ends meet.

December 17, 2014

Three quarters of attacks targeting users’ money were carried out using banking malware but these are not the only financial threats.
18:04 GMT
A total of 6.2 billon malicious attacks on user computers and mobile devices were blocked by Kaspersky Lab antivirus products in 2014,
Globally, the most trending search topics were about Robin Williams, World Cup, Ebola, Malaysian Airlines and ALS Ice Bucket Challenge.
17:57 GMT
The most searched queries in Google in the UAE were World Cup 2014, iPhone 6 and Malaysian Airlines.
Travel is one area of opportunity; Muslim consumers spent an estimated $140 billion on travel and tourism in 2013.
13:57 GMT
From travel guides to shopping portals, new Internet ventures aim to capitalise on the growing "Muslim lifestyle" market.
Oil prices have been falling – and plummeting, spiraling, nose-diving and just generally heading downwards – over the past few months.
04:55 GMT
Here is a look at three of the Middle East’s most affected economies – some of which are already on the brink of a serious crisis.
The EIU predicts China will be the largest export market for the GCC by 2020.
02:27 GMT
Developing countries in Asia - particularly China and India - are rapidly becoming the biggest trading partners with Gulf Cooperation Council (GCC) countries ahead of other regions
The GCC currencies are pegged or linked to the dollar, yet with local inflation rates that are five to eight times higher than the two per cent US CPI rate,
00:56 GMT
Matein Khalid warns on the effects of a strengthening US dollar to other currencies

December 16, 2014

However, the Syrian civil war exposed deep splits within the Opec, notably between Saudi Arabia and Iran.
15:45 GMT
The world assumed that, despite a surge in US shale oil, Saudi Arabia world cut output to keep prices above $100 Brent.