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The recruitment of aviation personnel in MENA will be one of the largest in the world. (File photo)
December 08, 2016 - 12:00 GMT
Boeing's latest report estimates that the region’s commercial aviation industry alone will need about 92,000 cabin crew, 58,000 pilots and 66,000 technicians to meet growing demand.
Saudi Arabia and Kuwait will cut output from their producing oil fields to allow for any increase from the Wafra and Khafji fields between the two countries. (AFP/File)
December 08, 2016 - 11:00 GMT
A resumption of production from the joint oilfields would not be immediate and would be gradual, industry sources told Reuters on Sunday.
Family businesses, which constitute up to 85 percent of the private sector, play a big role in the economy and society.(Shutterstock)
December 08, 2016 - 10:00 GMT
Part of FBN International, the nonprofit group is a platform for networking and information exchange to promote family businesses.
Passenger traffic in MENA is expected to grow between 7 per cent to 10 per cent per annum next year. (File photo)
December 08, 2016 - 09:00 GMT
As part of Air Arabia's plans to add five aircraft a year through to 2020, the budget airline has announced expansion plans for its operations in Oman.
The 23rd World Islamic Banking Conference took place 5-7 December 2016 in Bahrain. (Twiiter/WIBC2016)
December 08, 2016 - 08:00 GMT
Tackling the lack of human capital in Islamic banking industry should be considered a priority, according to the chairman of Saudi Arabian Monetary Authority.
As with other major cities in Saudi, Makkah is facing an acute shortage of affordable housing. (File photo)
December 08, 2016 - 07:00 GMT
Mecca continues to enjoy high hotel occupancy rates from religious tourism, but permanent residents are being largely priced out of the city center, according to JLL's report on the holy city's real estate market.
Arab Bank is one of the largest privately owned banks in the Arab world. (File photo)
December 08, 2016 - 06:03 GMT
A consortium led by the Chairman of Arab Bank is expected to conclude the billion-dollar deal in January 2017.
OPEC and other producers meet again during the weekend to discuss the terms of last week's agreement from Vienna.
December 08, 2016 - 05:39 GMT
Oil prices retreated for the second day in partial response to statements from Iran's president that his country could sell as much oil as it sees fit.
The harsh current economic circumstances forced Al-Ahram printing services to raise costs as most of the materials used in the printing operation are imported and must be paid for in dollars. (AFP/File)
December 07, 2016 - 12:30 GMT
The decision to raise printing prices by up to 80 percent will have a catastrophic effect on Egypt's print media, some of whom have called on the government to lift customs duties related to the print industry.
Saudi Arabia features amongst the leading markets for air conditioners across the globe.(Shutterstock)
December 07, 2016 - 11:30 GMT
Demand for Saudi's HVACR (heating, ventilation, air-conditioning and refrigeration) goods and services is expected to grow, fuelled by the rise in the Kingdom's construction projects.
Saudi King Salman bin Abdulaziz attends the GCC summit on December 6, 2016, in the Bahraini capital Manama. (AFP/Stringer)
December 07, 2016 - 09:40 GMT
Issues of trade and security were the main topics of discussion between the British premier and the leaders of GCC member states during the 37th GCC Summit.
The People's Bank of China said the move was aimed at promoting trade and investment and maintaining financial stability in both countries. (AFP/File)
December 07, 2016 - 08:50 GMT
Egypt's central bank has signed a deal with the People's Bank of China for a three-year bilateral currency swap valued at 18 billion yuan.
Mines in Afghanistan are a major source of lapis lazuli and other gemstones. (Pinterest)
December 07, 2016 - 07:00 GMT
Exhibition Afghanistan, a five-day event aimed at promoting Afghan products and connecting buyers to sellers, kicked off yesterday in Dubai.
The UAE, specifically Dubai is aiming to become a global hub for the Islamic economy by 2020. (File photo)
December 07, 2016 - 06:16 GMT
Fitch Ratings reports that while Islamic financing growth has slowed, growth was still ahead of conventional banks and is likely to stay in single digits in 2016.
The cultural centre includes a performing arts centre, music centre,  concert halls, cinemas, conference centre, historical documents centre as well as libraries, parks, and fountains. (SSH)
December 07, 2016 - 05:40 GMT
The new facility is the cornerstone of Kuwait's new national cultural district and will will showcase performing arts and create a world-class theatre quarter.
The park will include 104,000 square feet of food and beverage space and 102,000 square feet of retail space and will be open 365 days a year.  (Nick Jr)
December 06, 2016 - 12:00 GMT
IMG Worlds of Legends will feature nine zones spread across more than 2 million square feet with global brand licensing from Ubisoft, Mattel, Nickelodeon, Saban Brands, Pokémon, Cartoon Network and more.