“We have seen some significant international effort to eliminate funding lines off Daesh. This effort is being led by a number of Saudi officials,
November 26, 2015 - 16:49 GMT
The White House has praised the efforts of Saudi Arabia to cut off funding for the Daesh militant group, local media reported Wednesday.
The plastics manufacturing complex will enable Oman to produce polyethylene, the form of plastic in highest global demand. (Al Bawaba/File)
November 26, 2015 - 16:35 GMT
Oman's state-owned ORPIC has finalized negotiations with four preferred bidders for $4.5 billion worth of contracts to build a major plastic manufacturing unit called Liwa Plastic Industries Complex in Sohar.
According to real estate investment and advisory firm JLL, apartment prices fell by 11 per cent over the past year. (Al Bawaba/File)
November 26, 2015 - 16:19 GMT
With the tapering of the house price surge, a bottoming out in Dubai property market is likely to happen as prices are set to decline between three per cent and five per cent by the end of 2016.
November 26, 2015 - 15:45 GMT
The Kingdom of Saudi Arabia has become the first Arab country and the tenth internationally to join the protocol to eliminate illicit trade in tobacco products.
Founded in 1999, Travelstart now has 200 employees across 6 global offices including Dubai, Cairo, Cape Town, Dar es Salaam, Lagos and Istanbul. (Arabnet)
November 26, 2015 - 13:30 GMT
Following launches in UAE, Qatar, Bahrain, Kuwait, Oman, Egypt and Morocco, customers in KSA can now enjoy an end-to-end service in Arabic on the travel booking portal.
Hotel Intercontinental in Aqaba. (Dari Tour)
November 26, 2015 - 13:00 GMT
Jordan's Red Sea port of Aqaba is hoping for a tourism revival as Russian flights start arriving; Hungarian low-cost flights are in the pipeline.
The feminization campaign began in 2012, but recent amendments to the labor law make certain conditions for female employment mandatory. (Twitter)
November 26, 2015 - 12:23 GMT
The deadline for 'feminizing' women's retail stores in Saudi Arabia has been extended to allow companies more time to adapt working practices and conditions to women's needs.
The agreement aims to enhance cooperation in Islamic affairs, in order to increase religious and Islamic cultural awareness. (Islampos)
November 26, 2015 - 10:40 GMT
Egypt's leading Sunni Islamic institute has signed an agreement to open the Al Azhar College for Islamic Science and Dawaa in the UAE.
Russian President Vladimir Putin with Turkey's President Recep Tayyip Erdogan in Baku on June 13, 2015. (AFP/Ria Novosti/Alexei Druzhinin)
November 26, 2015 - 10:24 GMT
Russia is Turkey's main gas supplier, while Turkey is the largest joint buyer of Russian wheat. With $100B worth of bilateral trade targeted for 2020, much is at stake.
Etihad Airways placed ninth on the list of the most in demand employers in MENA. (Etihad)
November 26, 2015 - 09:00 GMT
A new survey by the professional networking site revealed that oil and gas, real estate, construction, transport, telecommunications and technology are the most in-demand sectors in MENA.
The expansion will include the building a new unit for electricity generation using steam inside the West Cairo Power Station. (Shutterstock)
November 26, 2015 - 08:00 GMT
The Saudi Fund for Development loans supplement grants by the Kuwait Fund for Arab Economic Development, to help meet Egypt's growing energy needs.
Syrian businessman George Heswani had already been sanctioned by the EU in March. (Inside Biz)
November 26, 2015 - 07:00 GMT
The US Treasure Department has sanctioned the Syrian owners of HESCO Engineering and Construction Company and two Russians for its business associations with Daesh and the Assad regime.
Royal Savoy Hotel and Villas, Sharm El Sheikh. (Sharm News)
November 26, 2015 - 06:06 GMT
Local operators in Egypt are complaining that foreign holiday packages are better value when compared to the high costs of domestic air travel.
Dubai plans to host over 25 million visitors during World Expo 2020. (Al Bawaba/File)
November 25, 2015 - 19:27 GMT
Dubai was officially declared as the venue for the World Expo 2020 at the 158th General Assembly of the Bureau International des Expositions (BIE) in Paris on Wednesday.
The pen can transform any wall into an interactive board. The young inventors hope teachers will use the pen in their classrooms. (Al Bawaba/File)
November 25, 2015 - 19:09 GMT
Three Emirati female students have invented a smart pen that can convert any wall into an interactive board.
Egypt exported €9M ($9.56M( worth of fruits, vegetables, and juices in the past nine months. (Twitter)
November 25, 2015 - 18:29 GMT
Over the past period, Egyptian-German commercial relations witnessed growth despite the problems facing the Egyptian economy.