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OPEC holds its next meeting in June, and comments from OPEC officials suggest it will not alter the policy.
21:57 GMT
OPEC oil supply has jumped in March to its highest since October as Iraq’s exports rebounded after bad weather and Saudi Arabia pumped at close to record rates.
Nawroz said that Kurdistan has a great investment potential, with its government currently revising laws and regulation to attract more investors.
21:52 GMT
Emaar and Meydan are biggest foreign investors in Middle East country’s autonomous region
Families from Saudi Arabia accounted for 15 per cent of guests in Sharjah’s hotels in January 2015 compared to 13 per cent a year earlier.
21:47 GMT
The occupancy numbers coincide with school holidays in the UAE and other Gulf countries that started last Friday, March 29, and end on Thursday, April 9.
Costs would be higher if some planes used bases far from the Yemeni border, requiring air-to-air refuelling, and any loss of aircraft would quickly push up the expense.
21:42 GMT
Despite a record budget deficit caused by low oil prices, Saudi Arabia can easily afford its military intervention in Yemen.
He also called on them to invest in a commercial zone to be established near the extended Suez Canal.
21:32 GMT
The widening of the Suez Canal and the new commercial zone are both part of Egypt's Suez Canal Development mega-project.
Tal declined to say what sort of data had been stolen but said he found the successful infiltration of a defense contractor to be "alarming."
21:27 GMT
A security company has discovered a computer spying campaign that it said "likely" originated with a government agency or political group in Lebanon.
Last week, a leading Swiss banker told his Lebanese counterparts that the era of banking secrecy was over.
21:23 GMT
Lebanon will not abandon its banking secrecy law.
China set a March 31 deadline to become a founding member of the AIIB, an institution that could enhance Beijing's regional and global influence.
21:18 GMT
Israeli companies are increasingly turning to Asia to capture a boom in demand for their technology.
It is just about impossible for a mall developer from one of the other Gulf states to try and do something new in Dubai or Abu Dhabi.
21:05 GMT
They are helming major expansions and integrating hospitality to cast the net wider
In 2011, it launched the Apple Online Store UAE, which offers a range of products, such as iPhones, iPads, iPods and MacBooks.
15:08 GMT
iPhone maker reportedly preparing to open its largest store globally in Dubai or Abu Dhabi this year
Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear programme would be reached that could allow more Iranian crude onto world markets.
13:33 GMT
Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear programme.
"Tunisia must begin to say (to tourists) 'we are ready to welcome you'. There should be no looking back," he added.
12:52 GMT
The attack raised major concerns about the future of Tunisia's vital tourism industry.
The kingdom already boasts a well-established Islamic banking sector, with the first such bank having opened in 1978.
11:44 GMT
Only one corporate sharia-compliant bond has been issued so far in Jordan.
“At no point was the aircraft, passengers or crew at risk.”
11:36 GMT
An Emirates flight and an Etihad plane, which were travelling in opposite directions, nearly collided with each other over the Indian airspace on Sunday night.
Egypt has been the second-largest recipient of U.S. foreign aid since its peace treaty with Israel in 1979.
08:25 GMT
The United States announced on Tuesday it was lifting its hold on the supply of military equipment to Egypt.

March 31, 2015

The remainder consists of a $1 billion 364-day facility paying 10 bps, which is renewable annually.
19:36 GMT
Saudi Aramco, the Kingdom’s state oil giant, has signed a $10 billion loan with 27 financial institutions.
The number of stadiums planned for the finals has not been announced but the revolutionary cooling system will be installed when each ground is constructed
19:28 GMT
A winter World Cup in Qatar may not require cooling systems to lower temperatures in the stadiums as proposed in the bid for a summer tournament.
Short positions in US crude have risen to a record high as traders bet record crude stocks in the United States will keep it under pressure relative to Brent.
18:55 GMT
Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal.
“The company has cited the political situation as a reason for halting the transactions,” one of the protesters said.Several Yemenis standing before the embassy stated that Monday was the last day for transactions.
18:19 GMT
Several Yemenis standing before the embassy stated that Monday was the last day for transactions.
Lack of sleep is hurting companies’ bottom lines, too.
14:30 GMT
In the UAE, where 65 per cent of more than 800 residents are sleep deprived
The structure strikes a slight resemblance to Dubai’s Burj Khalifa tower.
14:11 GMT
The structure strikes a slight resemblance to Dubai’s Burj Khalifa tower.
The Roamer app is available on iPhone and Android smartphones and tablets, and works with any SIM card.
09:32 GMT
The app is now again able to provide UAE users VoIP free calls and internet calls to phone numbers abroad.
“Economies face pressures from changes in the international environment, including the drop of the oil price,” he said.
09:15 GMT
The initiative may mark a more aggressive push by the Arab world’s second biggest economy to attract investment.
The average tourist spending during the last year was $74-per-night, according to the Economic Advisor to the Minister of Tourism.
08:39 GMT
Saudi tourists were the biggest spenders during 2014, spending $131.5 per night, followed by US tourists spending $101.3 per night.
The LNG terminal will be built in the municipal region of Qinzhou in southern China and will include the construction of a terminal.
08:28 GMT
"These projects will include building 1,000 petrol stations across six provinces in China and a liquefied natural gas (LNG) terminal with a 3 million tonne per annum capacity in the region of Qinzhou," he said.

March 30, 2015

Arab tourists represented 14.8% of the total visiting tourists with 13,000 in July.
20:17 GMT
Despite its geographical closeness to Egypt, the percentage of GCC tourists visiting Egypt compared to the total number of tourist has not exceeded 20% in any given month in 2014.
Every individual has their own way of grieving, and the HR department must deal with it in the right manner.
20:07 GMT
If treated with compassion, grieving employees could possibly bounce back with vigor.
Studies have shown that people are more willing to pay higher amounts for the same item when using credit cards as opposed to paying in cash.
19:58 GMT
The fact that consumers don’t feel physical cash leaving their hands plays into the tendency of some to use plastic more often.
As part of its five-year plan, the company is targeting international growth in key regional markets.
16:44 GMT
Dubai-based conglomerate Majid Al Futtaim is not planning on listing in the market anytime soon.
15:51 GMT
Political and economic turmoil over the last four years caused decline in the volume of Arab exports and imports specially between the Arab Spring countries such as Syria, Libya, Yemen, and vice versa.
Given the fact that Palestine doesn’t have a freedom of access to public information law yet, the release of the platform comes at a particularly critical time
14:46 GMT
YouKnow, an interactive online platform aimed at bridging the gap between citizens and government officials, is making waves in the occupied Palestinian territories
Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.
13:38 GMT
Kuwait said on Friday that its strategic food stocks were at their highest level, in a message designed to reassure citizens after it joined a Saudi-led military operation in Yemen.
The UAE was the third largest Islamic banking market by value after Saudi Arabia and Malaysia, the report said.
13:18 GMT
In 2014, sharia complaint assets in the UAE crossed $1 billion while the industry itself was estimated to be worth $127 billion.
Dubai-based airline Emirates has announced a change in its cockpit regulations following the fatal crash of a Germanwings flight last week.
13:06 GMT
The change in rules comes as a Germanwings airline was crashed deliberately into the French Alps by the plane’s co pilot, after locking out the flight’s captain.
The court found that Moshe Talansky gave Olmert $153,000 in envelopes.
12:07 GMT
The maximum penalty for offences of fraud and breach of trust is three years imprisonment, and the maximum penalty for fraudulent receiving is five years.
They are still in the testing phase, with part of production distributed to individuals who carry out taste tests and verify the quality.
11:42 GMT
In Syria's northeastern province of Latakia, workers roll the country's first locally made cigars, a new product being launched despite the devastating civil conflict now in its fifth year.
Mahmoud said that Egypt’s new visa rule and tighter control of its security issue boosts tourists’ confidence in the country.
09:38 GMT
An overhaul of Egypt’s visa system announced last week is unlikely to keep Gulf residents from jetting off to see the pyramids this summer.
Any relaxation of Iran oil sanctions could see increased exports adding to swelling global supplies and further pressuring prices.
09:22 GMT
Oil prices fell on Monday as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.
Oman Air, the flag carrier of the Sultanate, said its total revenue rose four per cent to RO398.3 million ($1.03 billion) in 2014 when compared to the same period a year ago.
06:26 GMT
Oman Air, the flag carrier of the Sultanate, has ordered 20 Boeing 737 aircraft as part of a plan to double its fleet to 70 planes by 2020.

March 29, 2015

Highlighting that a total of 7.6 million houses across the country were advertised for rent in 2014, Erilkun said the rental business is the heart of the real estate sector.
18:23 GMT
Rental prices in Turkey's most populous province, İstanbul, have doubled since 2010, according to a recent study carried out by a real estate consultancy firm.
And although no one would like to dwell on such a tragic scenario, having some safeguards in place can guarantee that your family stay afloat — at least financially.
17:36 GMT
Your premiums can skyrocket as you get old — and if you’ve any health issues.
French-US oil services giant Schlumberger Ltd. was fined $232.7 million by the Justice Department Wednesday for violating sanctions on Iran and Sudan.
16:27 GMT
According to the charges, the company's Texas-based drilling and measurements unit provided services to Iran and Sudan between 2004 and 2010 and tried to hide the fact from authorities.
The project has stoked controversy over the Israeli cable car's planned route, which passes through parts of mostly Arab east Jerusalem.
14:21 GMT
"To avoid any political interpretation, Suez Environnement has decided not to take part in this project," it said.
Unless these topics are related directly to the job and where your declaration of ideology is a must, better stay focused on topics that are related to the tasks, the company, your experience, etc.
12:37 GMT
If you must share your views during the interview, make sure to assure the employer the views remain yours.
The ambassador mentioned that the CPEC would also boost the economies of the Gulf states by increasing the trade volume and huge savings in freight.
12:18 GMT
As of now, 60 per cent of China’s imported oil comes from the Middle East, and 80 per cent of that is transported to China through the dangerous Strait of Malacca.
The social network remains the foundation for one of the Internet’s most successful businesses.
08:44 GMT
Facebook’s Messenger app is evolving into a multitasking tool equipped to send an animated fist bump to a friend at one moment and then get a little business done in the next.
His net worth was estimated at about $120 million, based on the amount of Apple stock he owns.
07:55 GMT
Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities.
The stadium advertisements, which will appear during the matches of the league’s quarter-finals onwards, will show Europeans promotional material of tourism sites in Jordan for the first time
06:55 GMT
Millions of football fans watching the UEFA Champions League will see advertisements of Jordan’s golden triangle of tourism: Aqaba, Petra and Wadi Rum, an official said on Thursday.
Unemployment stands at 25 per cent and output is set to contract this year, sharply increasing the threat of instability and violence.
06:55 GMT
Israel's decision to withhold $130 million a month in revenue collected on behalf of the Palestinians is strangling the economy
Other speakers emphasized the need to produce games that are compatible with the infrastructure and market needs of each country.
06:55 GMT
Game developers in the region must cooperate and share data in order to increase production and reach a wider audience, an industry expert said.
Al-Madaj become the second cabinet minister to quit this month after facing public criticism.
05:55 GMT
Local media says a member of parliament had demanded to question the minister in parliament for allegedly failing to protect the rights of small shareholders.
Saudi Arabia’s main index tumbled 5.0 per cent on Wednesday amid reports that the kingdom was amassing troops and military equipment on its border with Yemen.
05:55 GMT
Gulf stock markets fell sharply in early trade on Thursday after Saudi Arabia and its allies in the region launched air strikes in Yemen, escalating the military conflict there.
The airports affected include Jizan, Abha and Wadi al- Dawaser, the General Authority of Civil Aviation said.
05:55 GMT
Saudi Arabia has suspended international and domestic flights at seven airports in its south.

March 26, 2015

Among other precious metals, platinum was up 0.6 per cent at $1,153.25 an ounce, while palladium was up 1 per cent at $770.39 an ounce.
19:00 GMT
Gold rallied to a 3-1/2 week high on Thursday and silver rose nearly 3 per cent as escalating tensions in the Middle East knocked stocks.
Don’t be lured by a cheap rate, which could be a sign of a knock-off product or poor quality and service.
18:53 GMT
Whether you’re buying a house or a new gadget, shopping around is always recommended
Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen
12:20 GMT
The strike against Houthi rebels, who have driven the president from Yemen's capital Sanaa, could stoke concerns about the security of Middle East oil shipments
Dubai’s rentals remain stuck on a high.
11:07 GMT
Dh80,000 won’t get you far when it comes to finding a two-bedroom apartment in Dubai.
Chairman of Abu Dhabi Airports, thanked Douglas in Wednesday’s statement for his “outstanding service” and “hard work” as Chief Executive
10:34 GMT
Chairman of Abu Dhabi Airports, thanked Douglas in Wednesday’s statement for his “outstanding service” and “hard work” as Chief Executive
Medical student Nadiah Jowhar has no objection in making a man with a blue-collar job her life’s partner provided he is making a decent earning.
07:57 GMT
Some Saudi women look down at the idea of marrying a man practicing trades such as mechanic or electrician, but others believe that anyone earning money in an honorable work is good enough.
The ‘Qatari Leadership and Talent’ Summit will explore how employers and the country itself can achieve this major challenge.
07:49 GMT
If Qatari nationals are to fill all of the strategic roles within the country, then nearly 80 per cent of Qataris need to develop leadership skills.
But after gaining 100 per cent support for the plan, Dubai World’s lawyers applied to withdraw the application during a court hearing last month.
07:43 GMT
After gaining 100 per cent support for the plan, Dubai World’s lawyers applied to withdraw the application during a court hearing last month.
The private sector in both countries must look for available investment opportunities in Egypt and Mexico,
04:55 GMT
The summit had showed how much Egypt can cooperate with Mexico and Latin American states, said the Ambassador of Mexico to Cairo Jorge Alvarez Fuentes.
Turkey may re-encounter risks seen in the past, global rating agency Fitch has said.
04:55 GMT
“The issue is to what extent their replacements are perhaps more pro-growth than the current team has been,” Paul Rawkins, a senior director in Fitch's sovereign group, said.
The industrial city will house female run businesses and factories and will help push up female employment rates
04:55 GMT
Saudi Arabia has announced plans for an industrial city in Jeddah solely dedicated to women, local media reported.

March 25, 2015

Last month the Lebanese Army received a shipment of 30 tanks and 12 howitzers from Jordan.
17:41 GMT
Negotiations for an arms deal between Lebanon and Russia has been disrupted due to the EU sanctions on Moscow over the Ukraine crisis, local daily As-Safir said Tuesday.
"Everybody gets a little more imaginative, because they need to," says Hans-Christian Freitag, vice president of technology for the drilling services company Baker Hughes.
17:39 GMT
Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep US oil competitive with much lower-cost oil flowing out of the Middle Eas
Youssef said that Egyptian diplomacy has been working on enhancing its relationship with Africa, and that Egypt is "launching" a new stage with its African neighbours.
15:08 GMT
Egyptian experts are divided in their reactions to Egypt, Sudan and Ethiopia on Monday signing a declaration of principles over Ethiopia building the Renaissance Dam on the Blue Nile, the Nile's largest tributary.
The new Jaguar XF’s dynamic, coupé-like design is formed around Jaguar’s aluminium-intensive architecture.
15:00 GMT
British car-maker Jaguar has launched its new Jaguar XF compact sports saloon during a dramatic ‘high-wire’ water crossing.
Moody's sees a fiscal deficit in 2015 lower than the 2014 deficit in Israel, which was 2.9% of GDP.
14:31 GMT
International rating agency Moody's predicts that the new government in Israel led by Benjamin Netanyahu, still in the process of formation, will last longer than the outgoing government.
"Turkey is emerging as a future leading jewelry manufacturer, and the connection between us is strategically important."
14:03 GMT
The Israeli diamond industry recognizes the enormous potential of Turkey, and plans to help it establish an advanced diamond industry, sources inform "Globes."
“The whole purpose of the EU sanctions is to leverage pressure on the Iranian government to come to an agreement in relation to nuclear proliferation.”
13:49 GMT
The European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic’s transport sector which has sought an easing of trade restrictions.
As of 2013, Greece is the 13th largest economy in the 28-member European Union.
12:22 GMT
With an economy larger than all the Balkan economies combined, Greece is an important regional investor.
There is no denying the tremendous potential to be realised from choosing a multi-pronged approach to harnessing solar energy.
12:18 GMT
Despite the impressive numbers, the world is nowhere near leveraging the full potential of sunlight because of two principle reasons.
 Samsung’s sixth-edition flagship smartphones — Galaxy S6 and S6 Edge — which was launched in Dubai on Tuesday, could be decisive for the company.
11:58 GMT
Apple became the number one smartphone vendor in the fourth quarter of last year by overtaking Samsung, which was the leader since 2011.
39% of professionals in the Middle East feel that the hospitality industry is one that is attracting top talent
11:34 GMT
Five regional employers were asked to determine the most important quality they look for in a candidate when making a hiring decision.
Jordan said Tuesday it has signed a framework agreement with Russia for the construction of the first nuclear power plant in the kingdom at a cost of $10 billion (9.2 billion euros).
10:49 GMT
Due to be completed in 2023, the project will be 49 percent financed by Moscow.
The testimonies claim that these migrants worked an average of 66 hours per week, lived as many as eight to a room, and operated in “difficult even dangerous” conditions and in “stifling heat”.
08:04 GMT
French construction giant Vinci vigorously denied allegations it had violated the rights of migrant workers helping to build stadiums for the 2022 World Cup in Qatar

March 24, 2015

Food inflation slid further in January, as international food inflation continued to decelerate said NBK.
19:49 GMT
Kuwait consumer price inflation continued to slow in January, while core inflation remained steady

Top-end hotels look set to profit from this trend with over a third of MENA residents usually staying in luxury hotels when traveling for leisure.
19:44 GMT
According to the latest YouGov report, the top three luxury holiday destinations for MENA residents are UAE (14%), Italy (10%) and Turkey (5%).
In the past 15 years, the global economy was defined by rising commodity prices, zero interest rate policy, and a weak US dollar
19:34 GMT
A V-shaped recovery in oil prices is unlikely and Brent will average $52 per barrel in 2015 and $58 per barrel in 2016, a report said.

The past weeks have shown that Riyadh was not waiting for a bigger market share to come its way, but was proactively managing the situation.
19:30 GMT
When Saudi Arabia's oil minister Ali Al-Naimi says he does not want the kingdom to lose market share anymore, he really means it.

At the same time last year, the current account deficit stood at $866m.
19:23 GMT
Egypt ran an overall balance of payments deficit of $1bn for the first half of the 2014/15 fiscal year, compared to a surplus of around $2 billion in the same period the year befor.
The emirate, which is issuing sukuk with an ijara structure, has garnered orders worth about $2.5 billion, an earlier document showed.
19:18 GMT
The UAE emirate of Ras al-Khaimah has launched a $1 billion, 10-year sukuk that will price later on Tuesday, a document from lead arrangers showed.
The unemployment rate among Saudi citizens was 11.7 per cent last year, official data shows
19:15 GMT
Saudi Arabia is tightening a crackdown on illegal foreign workers in the kingdom, giving the Ministry of Labour more powers including the right to distribute financial rewards to inspectors who turn up violations.
In the long run this could spur the construction and real estate industries, as well as the overall economy.
14:39 GMT
Most Saudi real estate-related shares fell in early trade on Tuesday after the cabinet on Monday approved a proposal to tax undeveloped land in urban areas.
The survey also found that Westerners, on average, earn 6.96 per cent more than Arabs, while Arabs pocket around 20.04 per cent more than Asians.
13:32 GMT
Average wages across the GCC rose last year, however, Arab expat salaries rose the least among racial groups.
Sources close to the project said all the basic infrastructure work has been completed and concrete columns are being erected.
13:25 GMT
“With the completion of the the expansion work, the mosque will comfortably accommodate about 1.6 million worshippers."
The canal itself is currently undergoing an expansion to allow two-way traffic that is scheduled to open in August.
09:54 GMT
Egypt's president has issued a decree to offer new bonds to the public to generate revenue to develop the Suez Canal area.
 Forty-eight per cent of the family business agreed that making the business more professional is a key challenge over the next five years.
09:29 GMT
Skilled staff recruitment is a significant challenge for the Middle Eastern family businesses with 73 per cent of those saying are interested to hire the right skills and talent in the coming five years, according to a PwC survey released yesterday
The Ethiopian 6,000 megawatt dam, set to be Africa's largest, is expected to be fully completed by 2017.
08:58 GMT
Egypt, Ethiopia and Sudan have signed a declaration of principles on Monday, in a critical step towards resolving a four-year dispute over Nile water sharing arrangements among Basin countries.
A handful of WhatsApp users have managed to activate the voice-calling feature in UAE via Wi-Fi.
08:38 GMT
A report by Emirates 24/7 said the two major telecom operators - Etisalat and Du blocked WhatsApp voice calls for UAE subscribers.

Each institutional fund will now belong to a ministry or other body related to its function, and be chaired by the minister.
08:27 GMT
The announcement was the latest in a string of steps to reorganise the government's economic policy apparatus since King Salman assumed the throne in January.

March 23, 2015

The economy has been reeling since December, when production fell to around 350,000 bpd as the Fajr Libya militia alliance, which includes Islamists, attacked oil terminals in the east.
20:48 GMT
The battle for Libya's oil wealth has taken on new dimensions as rival governments lay claim to the National Oil Company (NOC), further deepening divisions in the volatile North African nation.
 In some stock markets such as Qatar, Islamic investors with few options to choose from can reward sharia-compliant firms by piling into their shares.
20:40 GMT
Across the Gulf, companies that have traditionally used conventional finance are considering whether to "go Islamic",
The “victim” mentality is only detrimental to career growth, so ask yourself if you really are being overlooked or simply unhappy with life in general.
20:26 GMT
One of the most dangerous mistakes you can make at work is unknowingly getting in the way of your own success through self-defeating thought patterns.
“We’re not against shale oil. We welcomed shale oil but it’s not fair for high-cost producers to push low-cost producers out of the market.”
20:21 GMT
Oil prices won’t rebound to $100 a barrel because increased prices would draw more shale and other output from higher-cost producers to the market.
A visiting French official Monday reminded Lebanon that it could not benefit from $181 million worth of loans if the country fails to elect a president before the deadline.
19:55 GMT
A visiting French official Monday reminded Lebanon that it could not benefit from $181 million worth of loans if the country fails to elect a president before the deadline.
Dubai wants to keep adding more hotel rooms until 2020.
14:52 GMT
The popular attractions in Dubai are still attracting hundreds of visitors each month, but there aren’t as much tourists checking into hotel rooms.
The ability of Rolls Royce customers to customize their cars has also been a factor in the car’s desirability
14:44 GMT
“The Middle East is the world’s best bespoke region.”
Yet as competition intensifies, healthcare providers are battling to retain and even attract medical professionals needed to keep pace with their growth.
14:37 GMT
With a number of hospitals and clinics starting up in the GCC, the war for medical talent has begun.