Main headlines

November 17, 2013

The Dubai Airshow has taken off. (Image credit: Shutterstock)
09:19 GMT

Among other deals, Emirates placed a $76-billion (Dh279.68 billion) order for 150 Boeing 777Xs at the Dubai Airshow.

Iraq's GDP growth has been driven by oil. (Image credit: Shutterstock)
07:01 GMT

Iraq continues to expand its oil resources, but further economic diversification is needed, according to QNB Group.

 Visitors to Downtown Dubai, the flagship mega-development of Emaar Properties described as ‘The Centre of Now’, can now enjoy free wireless connectivity across the entire 3.5-km-long Mohammad Bin Rashid Boulevard.
03:55 GMT

Emaar has joined hands with du to offer visitors the free Wi-Fi connectivity. The

A number of Saudi investors in Egypt have faced hurdles as projects stalled following the 25 January Revolution. Some Saudi investors are seeking compensation for the nationalisation of their assets.
03:55 GMT

This came during a meeting on Thursday between Abdel Nour and the Egyptian side of the Egyptian-Saudi Business Council, headed by Abdel Hamid Abu Mousa, to review the council’s plans to increase the joint investments.

The demand in particular would spike for talent in senior leadership across sectors such as industry, construction and technology with both Dubai and Doha hosting global events like the Expo 2020 and Fifa World Cup 2022.
03:55 GMT

A successful Dubai Expo bid could lead to a regional talent war with its GCC neighbour Qatar, according to top recruitment experts.

November 14, 2013

Zurich’s recent findings are quite opposite to the trend about a year ago, where a spike in consumer interest in home contents insurance was noted after a massive fire broke out at a residential tower in Dubai
12:38 GMT

About nine out of ten people in the UAE risk incurring significant monetary losses should unexpected perils like fire, flood or storm cause damage to their valuable possessions.

In the last decade, Gulf airports recorded a ten per cent CAGR (compound annual growth rate) in air traffic.
12:09 GMT

It is estimated that the global aviation security market is valued at $22 billion

UAE imports more than 80 percent of its medications (Shutterstock)
11:36 GMT

The UAE is reducing prices of medications to make health care more affordable in a country where over 80 percent of health supplies are imported. Could investment in the health industry simultaneously cut down on medical prices for UAE residents and boost the economy in the future?

The Fund is expecting the economy to pick up in 2014 as global conditions improve and oil production recovers.
11:29 GMT

Most Arab oil exporters now need an oil price above $90 to balance their budgets at forecast production levels, the IMF said.

Boeing will require 2,610 new airplanes over the next 20 years for its Middle East fleet (Courtesy of Wikimedia)
09:32 GMT

Airline activity is projected to expand rapidly within the next 20 years, with Boeing expecting the Middle East to require 2,610 new airplanes.

Saudi Arabia recently held the 2013 PE Partner Equity Forum in Riyadh (Courtesy of IIR Middle East)
08:50 GMT

Recent reports released this week show that Saudi Arabia is the leading private equity destination in the region.

The Lykan Hypersport will only be available to seven people in the world. (Image credit: ritholtz.com)
06:09 GMT

Dubai is all set to become the manufacturing hub of the Arab world’s first luxury supercar brand.

Even in oil rich MENA, solar energy is projected to grow. (Image credit: Shutterstock)
05:42 GMT

The photovoltaics and solar thermal power plants market in the Mena region’s solar energy sector is expected to reach 3.5 gigawatts by 2015

The former Prime Minister, who is said to have amassed a £50 million fortune since leaving office, was paid the staggering sum for two 30-minute speaking events over two days, at which he discussed global affairs.
04:55 GMT

The fee works out at more than £2,600 per minute. His wisdom, especially on the War on Iraq, is sure worth every penny.

According to the UK’s official tourism agency VisitBritain, there was a seven per cent rise in visitors from the UAE to Britain last year with Emiratis accounting for 18 per cent of the visitors.
03:55 GMT

Gulf tourists spend an average of Dhs12,380 per visit, which is nearly four times the amount spent on average by all visitors.