Main headlines

September 3, 2013

With a built up area of 64,000 sq m, Louvre Abu Dhabi is conceived as a complex of pavilions, plazas, alleyways and canals, evoking the image of a city floating on the sea. Pictured:' Divinci's The Saint Anne' at Musee du Louvre, Paris-Getty.
11:14 GMT

“The Louvre Museum Abu Dhabi is the most anticipated and prestigious cultural development project in the region. It will be a showcase of artistic mastery and world-class engineering," said CEO of Drake.

Lebanon leads the way in the region, benefitting from a $496 million trade commitment in the past year, a 34 percent increase on the previous fiscal year.
10:40 GMT

IFC, a member of the World Bank Group, is promoting trade in the Middle East and North Africa (MENA) to help the economic integration of the region.

In 2012, around 30 ICT firms, including gaming and content development companies, closed their offices and left the Kingdom.
10:10 GMT

“International companies used to view Jordan as an ICT hub, but nowadays, we are seeing companies leaving the Kingdom and others that have decided against opening offices here", said chairman of Jordan Gaming Task Force.

44 per cent work of employees work remotely for half the week or more (Photo Credit: Shutterstock).
09:03 GMT

New study shows that nearly half of the global workforce now works remotely.

September 2, 2013

Concerns however remain depending on how the situation evolves in the coming days.
14:23 GMT

“Today’s market move was a partial reversal of the massive knee jerk reaction we saw last week, precipitated no doubt by the delay we saw in the US intervention and led by retail investors,” said Amer Khan, director at Shuaa Asset Management.

 
Al-Faisal said on 19 August that his country, which boasts a budget surplus of over $100 billion, would compensate Egypt for any aid cuts from Western nations.
13:37 GMT

Al-Faisal said on 19 August that his country, which boasts a budget surplus of over $100 billion, would compensate Egypt for any aid cuts from Western nations

 Buildings to be constructed in the near future in Dubai will be built under a new set of rules to ensure they are able to withstand earthquakes within the region.
12:53 GMT

Recent studies showed the previous assumptions were not valid and indicated a slight increase in the real seismicity values of the Gulf area

"Priceless Arabia will give cardholders unique experiences in one of the world’s most diverse and exciting regions,” said MasterCard.
10:18 GMT

MasterCard has launched its Priceless Arabia campaign, which brings the global Priceless Cities programme to the Middle East and North Africa for the first time.

The minister said that priority was given to funding “added-value projects that can solve central issues of energy, water and transportation”.
07:36 GMT

Qatar is the only member of the council that has not paid any part of its contribution.

“Our top priority at JIB is to attract investments in the renewable energy sector due to the dire need of the Kingdom to diversify energy resources," said Awni Rushound, CEO of the Jordan Investment Board.
07:26 GMT

Foreign investments remain crucial to financing Jordan's renewable energy aspirations, and other countries are ready to jump on the bandwagon.

September 1, 2013

HSBC will discontinue sales of any new Wealth Investment or Wealth Insurance products in Lebanon, Jordan and Bahrain from 07 October 2013.
14:39 GMT

“Existing Wealth customers will continue to receive basic services and their wealth investments will be maintained until maturity."

UAE airlines’ expansion in the region has helped boost numbers of Saudi Arabian visitors to the UAE.
14:21 GMT

UAE report, Saudi Arabian visitors spent $420.4 million on their Visa cards in the UAE last year, up 28.8 per cent, taking third spot ahead of the US and China.

Based on the agreement, Iran would earn $3.7 billion a year from natural gas exports to Iraq.
13:55 GMT

Deputy Iranian Oil Minister Javad Owji put the cost of the 48-inch pipeline at 342 million dollars.

Qantas which reduced its international losses from $484 million to $246 million in financial year 2012-13, still has to cover a long distance before flying on high altitude.
11:27 GMT

The partnership is about to yield better outcomes.

The bank has said it is providing financial institutions with U.S. dollars at the rate of 175 pounds since last month.
10:45 GMT

The pound seemed to recover slightly on the black market, but was still much weaker than before Western powers weighed military options.