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Boeing forecasts that airlines in the Middle East will require 2,610 new airplanes over the next 20 years, worth an estimated $550 billion.
04:55 GMT
Boeing, a leading aircraft manufacturer, said today that commercial financial institutions in the Middle East are increasingly funding the region’s record number of airplane deliveries.

October 20, 2014

Employers do not recognise the importance of job security as a key retention driver for employees.
23:08 GMT
Organisations in the Middle East are facing greater challenges than employers elsewhere in the world with 70 per cent of the firms admitting difficulty in attracting and retaining critical skill.
The best way to end terrorist violence is to make sure that the twisted calls of terrorist leaders fall on deaf ears.
20:47 GMT
Military might alone won’t defeat Islamic State and its ilk. The US needs to promote economic empowerment
For the MENA region, economic dynamics are increasingly diverging between the GCC countries and the rest of the region.
04:55 GMT
The decline in oil prices will provide significant boost to the oil importing countries in the Middle East.

October 19, 2014

Saudi Arabia will make sure it will sell its oil first, regardless of the state of the oil markets.
12:31 GMT
If Saudi Arabia no longer has the same influence on the markets it once had, what can explain the slumping prices observed today, at a rate that exceeds the relative downturn in the oil markets felt usually in autumn?
The high percentage increases are indicative of the depths to which occupancy and RevPAR had plunged.
11:46 GMT
The number of tourists arriving in Egypt increased by 15.8% in July compared with the same month a year ago.
“There are a huge number of macro trends which have driven London, from the Arab Spring, through to exchange rates, through to Argentina defaulting and Ukrainian money coming in.”
04:55 GMT
“A lot of the Middle Eastern buyers are next generation. They went to university in the US and the UK....They don’t want to stay in dad’s house in Knightsbridge."
Becoming a parent is a joyous experience but being financially prepared is an absolute must.
04:55 GMT
Pregnancy and motherhood bring many changes — including some major ones to your bank account.

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.
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.

October 16, 2014

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.