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July 28, 2016

MENA Region's market lacks suitable graduates. (Courtesy photo)
16:00 GMT
Market research company YouGov and recruitment site Bayt.com have polled more than 4,000 young candidates in the Middle East and North Africa (Mena) to find out how they feel about their job hunting experience.
Syrian refugee children look on from a window during a sandstorm at a refugee camp on September 8, 2015 near the Bekaa Valley village of Taalabaya Lebanon. (AFP/File)
15:00 GMT
Belhaj said the international community is keen on helping Lebanon overcome challenges imposed by the Syrian crisis and other internal issues such as institutional weaknesses.
Egyptair is encouraging Egyptians to support local tourism and take their holidays inside the country. (Shutterstock)
14:00 GMT
The campaign is hoped to boost local tourism and domestic flights.
Saudi Vision 2030 was announced in April focusing on economic diversification and attracting foreign investment. (AFP/File)
13:00 GMT
Saudi officials hope for the Saudi Vision 2030 plan to stimulate
Online shopping is a rapidly growing trend in the Middle East. (Shutterstock)
12:30 GMT
Online shopping is bringing in billions in the Middle East.
With the Kingdom's recent stability, JSF expects next year’s economic conditions to be better than this year’s. (Shutterstock)
12:00 GMT
A survey conducted by the JSF in April found that investors’ outlook for the coming year was positive
The UAE is well prepared to be crowned as a fun destination in the Mena region. (File photo)
11:00 GMT
With new major attractions in the pipeline, the UAE is set to bring in 90 percent of the region's leisure tourists.
A trip to Sri Lanka complete with pristine beaches, historic temples, and tea plantations in the mountains doesn't have to break the bank. (Lindsey Leger)
10:00 GMT
If you know where and when to look, vacations in Europe and Asia can cost less than $800 including airfare.
Twitter for Android now includes a night mode that changes the color palette to an eye-pleasing shade of dark gray. (File photo)
09:00 GMT
Twitter has introduced a Dark Theme for its official Android app.
Careem has brought a new fleet of specially-adapted vehicles into its network and modified its reservation system. (File photo)
08:00 GMT
Careem is now the first app service in the region to offer transportation solutions to people with disabilities and mobility issues.
Etisalat reported earnings of $626 Million in the second quarter of 2016. (File photo)
07:00 GMT
The telecommunications giant reported $626 Million in earnings in the second quarter of 2016.
Fresh grads in the UAE want to feel passionate about their job, while nearly 10 percent said they didn't know what salary to expect at their first job. (Shutterstock)
05:58 GMT
But finding passion for that first job is a challenge, as employers say recent grads lack necessary skills to be successful.
Failures make for better leaders, says Emaar Properties chairman Mohamed Alabbar. (File photo)
05:00 GMT
According to a report from news agency Bloomberg on Tuesday, Aramex founder and vice-chairman, Fadi Ghandour sold his 9.9 per cent stake in the company to Gulf investors including Alabbar.

July 27, 2016

A Saudi woman looks at her mobile as she walks through a coffee shop. (AFP/File)
16:00 GMT
The source said a total of 15,745 establishments have successfully implemented the Saudization plan.
Tourists stand in front of the Royal Opera House in Omani capital Muscat. (AFP/File)
15:00 GMT
Oman's National Programme for Enhancing Economic Diversification has received Royal approval and stems from His Majesty Sultan Qaboos bin Said's interest in addressing the issue and his directives to diversify the economy.
The plethora of online banking sites and mobile banks apps have changed how people interact with their money. (Shutterstock)
14:00 GMT
Middle-class Middle Easterners are increasingly turning to phone apps and online banking for their financial management.
Tourists look at scarves at a market on December 19, 2014 in the Omani capital. (File photo)
12:45 GMT
As of July 20, people travelling from 38 countries to the Sultanate can now stay for three months at a time, rather than just three weeks.
Tunisia and Morocco are building their economic partnership. (Al Bawaba)
12:00 GMT
Member from Morocco's Chamber of Commerce met with counterparts in Tunisia to discuss trade and ties.
Gulf carriers Emirates, Etihad, and Qatar Airways have denied claims by US carriers that they were unfairly subsidized. (File photo)
11:00 GMT
US airlines asked the US government to freeze access to Gulf airlines over what it sees as unfair government subsidies from their home countries.
Dubai's shipping cargo has declined for third consecutive quater. (File photo)
10:00 GMT
DP World blames ‘reduction in lower-margin cargo’ for declining cargo numbers in Dubai ports.
The technology giant reported better-than-expected iPhone sales in the third quarter. (File photo)
09:00 GMT
iPhone sales better than expected and its revenue for the current quarter will surpass analysts' views.
The letter between Jordan and the IMF paves the way for the $700 million Extended Fund programme. (File photo)
08:00 GMT
A total of $700 million will be deposited at the CBJ over the years of the programme.
Dubai, UAE. (File photo)
07:30 GMT
UAE is fighting the economic downfall of decreasing oil prices by focusing on tourism, trade, and finance.
Middle East hotels saw mixed performances over the late spring and early summer. (File photo)
07:00 GMT
The Middle East's hotel sector saw a widespread decline in occupancy and slight increase in room price over the past quarter.
Reaching out to a qualified talent pool in the Egypt is not easy feat.  (File photo)
06:30 GMT
Recruiting in the highly saturated and highly competitive Egyptian job market can be complicated.
Ski Dubai, visible from the new Aspen Chalets. (AFP/File)
06:00 GMT
The Kempinski Hotel Mall of the Emirates debuted family-sized ski-chalet themed rooms with views of Ski Dubai.
As inflation rises, the value of Egyptian currency decreases. (Shutterstock)
05:00 GMT
Egypt's high inflation rate is only expected to climb in upcoming months.

July 26, 2016

Yahoo said July 18, 2016 its loss in the second quarter widened to $440 million from $22 million a year earlier, while offering no definitive news on efforts to sell its core Internet business. (AFP/Karen Bleier)
12:02 GMT
The deal spells the end of Yahoo's years-long fight to survive as an independent company.
A Palestinian boy sits amidst used clothes and items at the weekly flea market in the Nusseirat Refugee Camp, central Gaza Strip, on February 29. (AFP/File)
12:00 GMT
Many of those firms cited political instability, corruption, unreliable electricity supply and inadequate access to finance as factors that were holding them back.
Egypt, which has been facing foreign currency shortages, devalued the pound to 8.78 in March then hiked key rates by 150 basis points just days later to control inflation. (File photo)
11:00 GMT
The central bank put up its key rates by 100 basis points to their highest level in years at its last MPC meeting on June 16, a move economists said was meant to rein in surging inflation and ease downward pressure on the Egyptian pound.
The Solar Impulse 2 touched down in Abu Dhabi Tuesday morning, completing the first round-the-world trip of a zero-fuel plane. (Wikimedia Commons)
10:00 GMT
The trip took over a year to finish, breaking nine world records in the process.
BDS protesters in Italy. (AFP/Vincenzo Pinto)
09:00 GMT
Netanyahu said his government has defeated the international boycott movement by attacking it on 'many fronts'.
The sponsor has not extended the Iqamas (residence permits) of many of these workers. (Saudi Gazette)
08:00 GMT
The labor office told these workers that their case will be forwarded to the higher court. But it will take at least three weeks because of procedural issues, the workers were reportedly told.
BLOM Bank in Lebanon. (AFP/File)
07:00 GMT
BLOM Bank is in talks with HSBC to take over the bank's operations in Lebanon.
Families opting to downsize are causing rent prices to drop in Abu Dhabi with so many vacant units available. (Shutterstock)
06:00 GMT
Job cuts in the oil and gas sector have led some to downsize, which means the vacant housing is lowering rental costs.
In 2015 2,000 millionaires relocated to Dubai, and that trend is expected to continue this year. (Shutterstock)
05:00 GMT
Many millionaires are expected to move from unstable Turkey to settle in Dubai instead.

July 25, 2016

State-owned institutions across Turkey, including Turkish Airlines, have begun firing anyone with alleged ties to Fethullah Gulen's religious movement. (Shutterstock)
16:05 GMT
The airline said in a statement the employees were sacked for connection to the Fethullah Gulen movement.
A new electronic media law in Kuwait is tightening restrictions on online publications. (Shutterstock)
15:41 GMT
Media companies based in Kuwait must now have a Kuwaiti owner, and existing companies have one year to comply.
A Turkish flag pictured in Gaziantep, southeastern Turkey. (AFP Photo/Ozan Kose)
14:00 GMT
They took out advertisements in newspapers in Germany, France, the U.K. and the U.S. on Monday, aimed at boosting the perception of Turkey following the July 15 coup attempt.
There has been an increase in cyber attacks, mainly motivated by corporate espionage. (File photo)
13:00 GMT
According to a recent report by Trend Micro, the mining industry is being targeted by cyber criminals.
Among Arab investors in Dubai, Jordanians came in first, followed by Egyptians and Lebanese. (File photo)
12:00 GMT
Overall, Arab investors contributed investments worth $1.9 billion in the first half of 2016.
Fadi Bachir is a human resources expert with a broad background in strategic HR and more than 14 years of experience. (Bayt)
11:02 GMT
The human resources expert shares the top qualities he looks for, as well as how to create rewarding work environments.
Saudi women shopping in one of the country's many malls. (File)
10:02 GMT
A recent study by the Jeddah Chamber of Commerce and Industry revealed that closing shops early would have widespread negative economic impact.
Authorities have circulated information to businesses warning them against charging customers extra for choosing to pay with a credit card. (Shutterstock)
09:00 GMT
Consumers may soon no longer have to worry about extra fees for paying with plastic.
As technology and online card usage evolves, cyber-criminals also become increasingly sophisticated. (File photo)
08:14 GMT
Credit card fraud is a rising issue in the UAE, with up to one in ten residents victim to fraud.
Riyadh is one of three cities in Saudi in which only nationals can buy property. (AFP/File)
08:00 GMT
The council upheld the decision that only Saudi nationals can own property in the two holy cities and country's capital.
Layers of an iPhone 6 - no confirmed images of the iPhone 7 have been leaked. (Shutterstock)
06:00 GMT
The rumored removal of the traditional headphone jack has tech insiders contemplating between
Solar energy is one form of renewable energy that could bring millions to Egypt's economy. (Shutterstock)
05:00 GMT
Italian renewable energy projects in Egypt are seeking compensation for unhappy investors.

July 24, 2016

Job-hunting can be a daunting task for recent graduates. (Shutterstock)
21:12 GMT
Fresh graduates face complex challenges when applying to jobs after university.
Fethullah Gulen, currently in the US. (AFP/File)
14:00 GMT
Turkey will shut down over 2,000 businesses that have links to US-based Fethullah Gulen.
Kuwait awarded KD570 million ($1.7 billion) worth of construction projects in the first half of 2016. (File photo)
13:30 GMT
Kuwait awarded KD812 million ($2.7 billion) worth of contracts in Q216, according to Meed Projects, bringing the total value of contracts awarded so far this year to KD2.25 billion ($7.5 billion).
Dubai is seeing exponential growth in foreigners owning property in the emirate. (AFP/File)
13:00 GMT
Saudis and Jordanians are the top Arab buyers in the Dubai property market.
One of the biggest mistakes guaranteed to harm your employer brand is to ignore candidate applications. (File photo)
12:00 GMT
According to a recent poll, the biggest benefit of employer branding is better employee engagement.
Twitter has 320 million monthly active users, out of which only 187,000 are verified. (File photo)
11:30 GMT
Verified accounts are no longer reserved solely for celebrities or brands.
All Dubai residents must have health insurance by the end of 2016. (Shutterstock)
10:00 GMT
A special annual health insurance package is available for Dubai residents, who must have some health insurance coverage by the end of the year.
Before diving into homeownership, do the math and think about the long-term costs. (Shutterstock)
09:00 GMT
Owning a home can be less expensive in the long-run than renting - but there are many factors to consider before taking the leap!
The World Bank is offering a series of loans to Jordan. (AFP/File)
08:00 GMT
The World Bank is offering Jordan $1.4B to address health, education, and employment needs of Syrian refugees.
HSBC Switzerland is at the center of an international, multi-billion-dollar scandal. (AFP/File)
07:00 GMT
Yasser Mallawany, an Egyptian businessman with connections to the Mubarak family, may be the "ringleader" in a HSBC banking scandal with $3.5B USD at stake.
Government services are moving online to better understand big data. (Shutterstock)
06:00 GMT
Middle Eastern governments are increasingly providing online services in order to collect and learn from citizens' data.
Labor Minister Sejaan Azzi. (AFP/File)
05:00 GMT
Lebanon dropped the daily minimum wage by roughly $2.65, and activists are protesting the change.

July 21, 2016

The new mobile app, which is based on a 1990s Nintendo game, has created a global frenzy as players roam the real world looking for cartoon monsters (AFP/Josep Lago)
14:30 GMT
The incident, which happened last week, is the latest of many “bizarre” situations taking place around the city
The Alcatel Idol 4s with VR headset costs about 1799 AED. (Tbreak)
14:00 GMT
Everything about the phone is likeable- starting from the packaging which is basically a VR headset.
Economic growth in the country had been subdued ever since oil prices fell from record highs two years ago. (File photo)
13:00 GMT
According to the government, the new law will allow foreign investors 100 percent ownership in various market sectors.
Egypt's rail authority is facing significant losses. (Shutterstock)
12:00 GMT
The vital railway suffers from years of negligence due to the reliance on a manual system for maintenance and the signals system.
Saudi tourists are the target market for a new tourism and hotel-booking site. (AFP/File)
11:00 GMT
HotelGate is launching a special site focused on the needs and wants of Saudi tourists.
While the value of the Turkish lira has dropped, banks remain stable. (AFP/File)
10:00 GMT
Turkish banks and the deputy prime minister and reassuring foreign investors that the country's economy is still stable, despite recent events.
With a little planning, money management doesn't have to be an overwhelming task for millennial expats. (Shutterstock)
08:18 GMT
While young expats can be tempted by living lavishly, cutting back is the key to building savings while young.
The world is full of leaders who say, “let’s study it more”, when in reality that phrase means no. (File photo)
08:10 GMT
Leaders who achieve look for reasons to say “yes”. They focus on how to make a good idea great and then to make it happen.
Prime Minister Hani Mulki attends the signing of a deal between Jordan and the EU on simplifying the rules of origin. (Photo courtesy of EU mission)
08:02 GMT
The major provision that is expected to make a difference is that the Europeans have allowed made-in-Jordan products to include more than 70 per cent of production inputs from non-local materials.
Lebanon's Shia movement Hezbollah acts as a parallel government in parts of the country, providing a range of social services. (AFP/Rouba El Husseini)
07:13 GMT
Salameh said the U.S. law must be enforced to keep Lebanon's banks within the global financial system and stabilize the hugely indebted economy as neighboring Syria's civil war hits tourism and growth.
The Middle East, along with Afghanistan and Pakistan, is set to see economic growth of 3.4 per cent this year and 3.3 per cent for 2017. (AFP/File)
06:41 GMT
World forecast, however, revised down to 3.1% in 2016 and 3.4% in 2017.
Built 146 years ago, the Suez Canal is one of the world's most heavily used shipping lanes. (AFP/File)
05:00 GMT
Monthly revenues have tumbled at the start of this year in January and February before climbing up again in March by 11.8 per cent compared to the month before, reaching EGP 3.477 billion.

July 20, 2016

Salalah Air has planned to ramp up its fleet size to 22 aircraft over the next five years. (File photo)
13:00 GMT
Salalah Air will link the capital of Dhofar with the main destinations in Oman for locals and tourists alike.
Big family conglomerates in Saudi Arabia are also under pressure from authorities to invest more in the economy now that oil prices are low. (File photo)
12:00 GMT
SBG has long enjoyed a privileged position in Saudi Arabia, but the group's future will remain under pressure in the face of new economic realities.
Barclays is divesting its Africa unit as part of a plan to simplify its structure and seek higher shareholder returns. (AFP/Carl Court)
11:00 GMT
Banks have now been invited to submit bids to takeover Barclays banks in Egypt, with the bank's equity value estimated around $400 million.
In addition to arm sales to the UAE, the US has separately approved the sale of 246 missiles and other equipment to Japan worth $821 million.  (AFP/File)
10:00 GMT
The US State Department has authorized the sale of 14,640 bombs and guidance kits to the UAE to fight Daesh in Iraq and Syria.
Online courses have a big impact on businesses because they are so much cheaper. (Shutterstock)
09:30 GMT
The rapid rise in numbers of professionals looking to undertake further education online is hampered by the lack of suitable courses, especially those delivered in Arabic.
Dubai hopes to make 25 per cent of all transportation trips in Dubai smart and driverless by 2030. (Gulf News)
08:59 GMT
The app-based car service said the pods would be safer, more efficient and environmentally friendly than today’s vehicles.
Signature designs, including the MANDA shoe and BOW clutch both of which have been re-invented specifically for the Middle East. (Igdigital.com)
08:54 GMT
Jimmy Choo will be launching a special collection of shoes and bags that will be exclusive to Jimmy Choo stores in the UAE and KSA.
Vacancies on offer in the UAE went up by 10 per cent in June 2016. (File photo)
08:41 GMT
Overall hiring activity in the Gulf is still slow, but things are looking better in the UAE.
94 basic food products would be exempted from the tax in the UAE. (File photo)
08:35 GMT
Each of the GCC countries will issue their own VAT legislation, providing details on what would be subject to VAT.
The smart city will be completely sustainable and provide about 200 megawatts of electricity using photovoltaic roofs on homes and other premises.  (Photo courtesy of Gulf Business)
08:30 GMT
The Dhs 30 billion-Desert Rose City will cover an area of 14,000 hectares on Dubai-Al Ain Road, accommodating up 160,000 people.
The B/Attitude Spa in Dubai. (Buddha Bar)
07:30 GMT
Euromonitor International's report indicates that UAE captures more than 14 percent of MENA's flourishing health and wellness tourism.
The Central Bank of Jordan said that banks can invest up to 10 percent of their capital. (File photo)
06:30 GMT
The Jordan Investment Fund aims at investing in national development for-profit mega projects in strategic sectors like transportation, energy, water and infrastructure.

The project is divided into several phases and Empower will produce 30,000 RT by the fourth quarter of this year. (Nooz.com)
05:44 GMT
Empower will build up to six cooling plants in Jumeirah Village Circle and Jumeirah Village Triangle to provide 260,000 refrigeration tons (RT) for the 400 buildings.

July 19, 2016

Egypt’s President Abdel-Fattah El-Sisi, far left, with African heads of state at the AU summit in Kigali, Rwanda. (AFP/Cyril Ndegeya)
13:00 GMT
On the sidelines of the African Union Summit in Rwanda, Egypt's President Sisi and Ethiopian PM Desalegn agreed to begin technical studies on the Grand Renaissance Dam.
The new OnePlus 3 retailing for a mere $399. (File photo)
12:25 GMT
When you look at the substantially more expensive Samsung Galaxy S7, these two phones have a lot in common.
You will need to know if your employer can cover costs, how much money you will need until you get your first pay cheque and how much additional money you should have access to in case of an emergency. (File photo)
12:11 GMT
Before you embark on a relocation or home renovation, make sure you plan and budget for as much as you can.
Employers of choice do a great deal of listening to discover potential needs and solve problems. (File photo)
12:05 GMT
Taking care of your people is the centerpiece of a successful business.
The group has been beset by financial and legal difficulties due to the crane accident, government cuts and a fall in oil prices. (File photo)
12:00 GMT
The troubled Saudi contractor has requested extra time to meet a debt repayment, claiming it is awaiting outstanding payments from the government for completed works.
Iran has courted potential European and Asian trading partners as sanctions pressures ease. (File photo)
11:00 GMT
Iran continues to courted potential European and Asian trading partners as sanctions pressures ease, but operational hurdles remain.
His Highness Shaikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister. (File photo)
10:58 GMT
Mind the gap - in wealth? Sheikh Mohammed bin Rashid Al Maktoum and his son Shaikh Hamdan bin Mohammed bin Rashid Al Maktoum spotted on the tube.
Egypt's attempts to revive the tourism sector were dealt another blow in May when the Airbus A320 crashed into the Mediterranean, killing all 66 people on board. (File photo)
10:00 GMT
British aviation security experts have returned to Cairo International Airport to review security measures for London-bound flights.
The joint fleet would also include six Ultra Large Container Vessels.  (UASC.net)
09:00 GMT
The new company created between Germany's Hapag-Lloyd and Dubai-based United Arab Shipping Company will have 237 ships with a total transport capacity of 1.6 million TEUs and revenues of around $12B.
Ras Laffan Industrial City, located 80 km north of Doha is Qatar's main site for production of liquefied natural gas and gas-to-liquid.  (IMGwide.com)
08:00 GMT
The five-year contract covers engineering and support services for its gas-to-liquids complex at Ras Laffan Industrial City in Qatar.
Bank Asya is a participation bank allegedly affiliated with US based cleric Fetullah Gulen, whom Turkish authorities accuse of plotting the failed 16 July coup attempt. (AFP/Adem Altan)
07:00 GMT
Banking operation Bank Asya, allegedly linked to Gullen supporters, were temporarily suspended in Turkey after the tender for the sale of the bank did not attract any bids.
More than six years have passed since the ratification of the Offshore Petroleum Resources Law. (Shutterstock)
06:00 GMT
Despite announcement of a breakthrough in the six-year battle to develop Lebanon's oil and gas reserves, the hopes of passing vital decrees have hit another stumbling block.

July 18, 2016

From a civil aviation perspective, drones are key to promoting the Dubai Smart Government Vision, and the DCAA are ensuring flight safety of Dubai's airspace. (Shutterstock)
13:00 GMT
The Dubai Multi Commodities Centre (DMCC) has team up with the Dubai Civil Aviation Authority (DCAA) to launch a trading platform to boost the commercial drones market.
Qatar emerged as one of the prominent markets for passenger car aftermarket components among the GCC nations. (File photo)
12:00 GMT
Increasing motorization rate from a rising number of nuclear families and expatriates in Qatar will boost demand for car components from the aftermarket segment.
APICORP Headquarters in Dammam, Saudi Arabia. (Trade Arabia)
11:00 GMT
The Saudi shipping company and the Arabian Petroleum Investments Company (APICORP) aims to own 15 giant oil tankers, financed from the fund's capital.