Oil analysts are putting down markers on the Organisation of the Petroleum Exporting Countries' (Opec) meeting on November 27.
On Saturday the UAE designated 85 organisations as terrorist groups including the Brotherhood, Islamic State.
Israel's offshore Tamar gas field may get a $1.5-$2 billion upgrade, including the construction of an underwater pipeline to an export plant in Egypt.
It seems that this is the economic [golden] age of Dubai
November 20, 2014
“With all the tickets now sold out, we can officially say that the 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix is going to be bigger than ever before!”
Internet platforms like Facebook, Google and Amazon are developing banking products that will probably become future foreign competition for the UAE banking sector.
Disney World shows in Egypt sends an important message to domestic and international investors to Egypt.
29,400 people, or 1.4 per cent of Qatar’s population, are estimated to be working as slaves, in forced labour or domestic servitude, a report said on Monday.
The number of hazardous workplaces in Turkey, especially those related to industries such as mining and construction, stands at 680,000.
Dubai has been ranked as the most attractive city in the world to work in, beating others such as New York and London, according to an INSEAD alumni survey.
Gulf-based airlines have closed financing agreements for a total of 16 Boeing and Airbus aircraft,
While the year 2014 began with expectations of higher growth, higher yields and higher stocks, it is ending with the reality of lower inflation, lower yields and higher stocks
Bank of Tokyo-Mitsubishi UFJ was fined $315 million by a US banking regulator Tuesday for pressuring a consultant to water down a report on transactions with Iran.
November 19, 2014
Private hospitals employ 30,000 workers, 95 per cent of whom are Jordanians.
Rising demand from Asia and economic and environmental pressure on cocoa farms is threatening to make chocolate a rare delicacy in the next five years.
Yet as an employee, being fearless is not obviously an advantage. It means the usual levers don’t work on you any more.
November 18, 2014
Libya was one of the Arab world’s leading oil exporters after Colonel Gaddafi’s bloodless coup in 1969
The economy contracted for the first time since 2009 due to Operation Protective Edge.
The halal industry and the certification bodies seem to have missed the boat on cross contamination challenges for halal certified products
Officials from all levels of government took measures Monday to try to regulate the food industry, in response to the ongoing food scandal that has gripped the country since last week.
Egyptian electricity production generated from solar energy dropped by 48% in 2012/13 compared to the year 2011/12.
Since 1992, Iran has begun a self-sufficient military program under which it produces everything from mortars to torpedoes and jet fighters to submarines.
India’s role as a top labor supplier means its drive cannot be totally ignored by recruiters, and it could have a big impact in some countries and industries.
Faced with tough international financial penalties, Iran has turned in recent years to China, Russia and Turkey to finance major projects.
Soaring costs of housing and education have offset Dubai’s tax-free benefits that traditionally lures most expats to settle down in the emirate, a new study has found.
The two Qatari 'giants' come together: Oooredo in deal to build monumental media cloud for Al-Jazeera network
The deal marks one of the largest and most significant implementations ever announced by a broadcaster.
November 17, 2014
He said he expected OPEC members to stick with the current output ceiling.
One of the largest infrastructure projects,the New Port project will be built on a sprawling 26 km area at an estimated cost of $7.41 billion.
Qatar rose up the rank from 96th place on previous list to the fourth position in the latest index.
Emirates airline, Dubai Airports and the aviation sector as a whole contributed $26.7 billion to the economy of Dubai in 2013.
Facebook is secretly working on a new website called "Facebook at Work" that would allow users to keep their personal profile separate from their work profile.
The Omani government has opted to manage its crude oil reserves by limiting production, shifting its focus to diversifying its economy
The forces at work are more likely to be permanent rather than temporary and cyclical, suggesting low and/or a downward trend for oil and gas prices.
The Dubai index of intellectual property rights will monitor the level of intellectual property rights protection in the emirate.
Iran’s oil minister accused some countries on Sunday of making up excuses to justify their refusal to stabilise prices by cutting output.
Online retailer Souq.com has announced plans to bring one of America’s biggest shopping days to the Middle East in a bid to boost e-commerce.
November 16, 2014
MENA non-sovereign debt capital markets make up a small part of financial markets but then again, have potential to replace private sector funding as an alternative source.
The UAE is already a hub for development and excellence but the nation also pays a lot of attention to innovation, which is key for the economy.
Leading construction and integrated design firm Drake & Skull profits dropped by 10 percent in the third quarter of 2014.
Jordan Phosphate Mines Company profits rose by 217.3 percent in the first nine months of 2014 due to maximized operations.
Etihad Airways became the largest shareholder in Alitalia in a €1.7 billion rescue bid, following talks over the last year.
Saudi Arabia's 26th International Construction Technology and Building Materials Trade Exhibition successfully concluded following the four-day run in Riyadh.
Tony Abbott vowed that countries would add $2 trillion to global GDP during the G20 summit in Brisbane.
Manufacturing is becoming one of the fastest growing industries in the Kingdom, with an average growth rate of 7.5 percent, according to a recent report.
....and buy every Russian an iphone 6.
Jordan Phosphate Mines Company (JPMC) maximised its operational profit by 217.3 per cent, or JD22.9 million, during the first nine months of this year.
November 14, 2014
bservers say the hotel sector has never experienced conditions as tough as the ones they are going through today.
The Gulf nation aims to raise the amount of crude oil it can pump by one-quarter, to 4.0 million barrels per day, by 2020.
November 13, 2014
Zangeneh made a similar plea with the emir of Qatar, Sheikh Tamim bin Hamad al-Thani, during his stopover in Doha on Monday.
The Turkish government is preparing to grant temporary IDs and work permits, among other privileges, to around 1.7 million Syrian refugees.
Global demand for oil from Opec next year will be far below its current output level because of the US shale boom,
Last week it was reported that thousands of migrant labourers from North Korea are toiling for years on construction sites in Qatar for virtually no pay.
November 12, 2014
Top global construction firms will attend a major summit in Iraq to boost the country's ongoing $50 billion aviation infrastructure projects.
Oil prices have dropped to around $80 per barrel in the past few months, which will be a big test for GCC nations. Is it time to stop relying on oil to boost the economy?
Real estate growth in Kuwait grew by 16 percent year-on-year to $1.27 billion in September after a slow summer, according to a report.
Abu Dhabi Marine Operating Company signed three big-scale contracts worth an estimated $3 billion for the widely anticipated Nasr Full Field Development Project.
With the launch of the Dubai Tram last night, will real estate firms be able to cash into the act between major commercial and residential areas or will it go off the rails?
International internet portal Yahoo denied rumors of closing down its Dubai headquarters following the closure of offices in Amman and Cairo.
Leading Abu-Dhabi-based firm, Descon Engineering, will expand in the GCC and Iraq with $250 million worth of projects.
A top Indian billionaire will invest up to $266.5 million in Saudi Arabia's healthcare and pharmaceutical manufacturing sector.
The Islamic State of Iraq and the Levant (ISIL) may have smuggled oil into Turkey with donkeys carrying it across the border.
November 11, 2014
Egypt's annual urban consumer inflation quickened to 11.8 percent in October from 11.1 percent in September
OPEC, which supplies about 40 percent of the world’s oil, meets Nov. 27 to debate supply.
This seemed the right moment to ask whether precious stones and jewellery can really be considered a serious investment class or just an expensive indulgence for the rich
The new purchase price was not disclosed Monday, though the Financial Times reported it had been sold for 726 million pounds, citing sources.
“There are several places like Dubai, but perhaps Dubai has a better location than others, plus the fact that the weather during at least 8 or 9 months of the year is perfect for sports.
"You need to do something about subsidies. Maybe a producing country can turn into a consumer country," Sabt said on the sidelines of an energy conference in Abu Dhabi.
Adnoc, has so far invested $70 billion to develop new oil and gas fields and to boost the current output capacity of the UAE to 3.5 million barrels per day by 2017.
“Shell Egypt will not work in deep water research and exploration after its experience in the Mediterranean, which cost us millions of dollars.”
Iraq is one of the few Middle East countries still reliant on 2G networks.
"Please do not panic, things will fix itself," Al-Badri said during a panel discussion at a major energy industry conference in Abu Dhabi.
A decline in oil prices would benefit Lebanon in the short term, but the positive impact of a reduced energy bill would gradually fade.
“Etihad Airways will hire hundreds of pilots over the next three years to keep pace with the rapid expansion of our aircraft fleet."
Therefore, the recent drop in hydrocarbon prices, if sustained, could have a significant impact on the region's economic and financial indicators.
November 10, 2014
Targeted cyber attacks will become rampant in the Middle East, as hackers from the usual suspects have found success targeting victims around the world
The Ministry of Labor fined more than 74,500 establishments with penalties over SR12.80 million (3.4 million USD) during 2014 so far.
The other side of the economic 'miracle': 65% of Dubai residents forced to relocated due to exploding rents
Around 65 per cent of Dubai residents said that they plan to relocate to a new home upon their next lease renewal owing to large rental hikes.
Now WhatsApp, the most popular messaging app i in the whole world, will now tell users when a message has been read.
With only two weeks to a deadline for a breakthrough deal, senior envoys of Iran, the United States and European Union met in Oman on Sunday.
Hany Sarie-Eldin, head of Sarie-Eldin and Partners Legal Advisors, said the move will thwart the government’s efforts to revive confidence in the economy.
To be taken with a grain of salt: conspiracy theorists have 'perfect' explanations for what's happening in the oil market
Oil war is on and on several fronts, global media is screaming.
November 9, 2014
Dubai will remain insulated from the effects of an oil price slide as it is well diversified, while economic growth across the rest of the GCC could be affected.