February 23, 2017
King Salman will embark on a five-nation Asian tour next week, which includes the first Saudi royal visit to Indonesia in 46 years, and the first-ever Saudi royal visit to Japan.
Egyptian billionaire Samih Sawiris says that the country's currency flotation has increased the appetite for investments in Egypt, but economic recovery will take time.
Oman's Telecommunications Regulatory Authority is launching an awareness campaign to fight against over-the-phone exploitation.
The majority of Jeddah's private schools are affected by a new requirement by Saudi's Ministry of Education to move to buildings more suitable for education within two academic years.
As geeks gear up for the MWC 2017 in Barcelona on February 27, here's a glimpse of the product launches to look out for.
Lebanese Prime Minister Saad Hariri insists that discussions on new taxes and fees are ongoing to secure the balance between interests of citizens and different economic sectors.
Citizenship by investment has been growing at an exponential rate, given the increasing demand from Arab applicants.
Jordan's decision to extend the validity of Gazans’ temporary passports from two to five years follows the announcement of a steep price hike from JD25 to JD200 for their renewal or replacement.
A joint venture between Qatar's Al Jaber Engineer (JEC) and Turkey's Tekfen Construction has been awarded the main construction contract for the World Cup stadium in Thumama, Doha.
Choose to turn the day around in your favor and shift the negativity away.
Bank of America Merrill Lynch has revised average oil prices down to $50-$70 from $55-75 until 2022.
Saudi Arabia has allocated $10 billion for the reconstruction of liberated provinces, including $2 billion as a deposit in the central bank to shore up the Yemeni riyal.
February 22, 2017
The PepsiCo beverages plant, set to open later this year in Jeddah, will manufacture the company’s wide portfolio of carbonates including Pepsi, Mountain Dew, Mirinda and Gatorade.
Users across the region now have access to tens of thousands of hours of local, regional and international premium entertainment via Vuclip's direct to consumer video-on-demand service.
Following Sarah Al-Suhaimi's appointment to chair the Tadawul, Rania Nashar has been named CEO of Samba Financial Group, and Latifa Al-Sabhan has been appointed chief financial officer of Arab National Bank.
The 6th Annual Arab Future Cities Summit Qatar 2017 will be held under the theme ‘Advanced Technologies Transforming Qatar’s Future’ from April 10 to 11 at The Ritz-Carlton, Doha.
Lebanese banks need to cooperate and standardize the use of fintech as is the case with European banks, according to an e-strategy expert.
UK construction giant Balfour Beatty has reached an agreement to sell the Group's entire share in Dutco Balfour Beatty and BK Gulf to its Dubai-based partner in a deal expected to be worth $13.7M.
China’s Xiaomi plans expansion across the Middle East with a new range of devices and a flagship store in the UAE.
The high numbers of Instagram users is good news for local businesses in MENA.
Egypt Central Bank has agreed with the Egyptian Federation of Investors Associations to settle dollar debts resulting from the exchange rate differences after the pound's float in November.
Engineers in MENA have a steady stream of available jobs, which is good news for professionals who are looking to change jobs, those who want to go up the career ladder, or land their first job.
The head of the National Oil Corp. of Libya met with Rosneft Chairman Igor Sechin to lay the groundwork for investments in the Libyan oil sector.
Saudi Arabia has opened the pre-qualification bidding process to local, regional and international developers for the first phase of its ambitious renewable energy program.
February 21, 2017
A delegation from the Italian Egyptian Friendship Council has toured Cairo and Sharm El Sheikh to discuss bilateral tourism and education opportunities.
After overseeing the opening of 41 new hotels in 2016, Oman's tourism ministry has signed agreements with 11 companies to set up hotel facilities across the country.
31 deals worth over $3B were signed within the first 48 hours of the International Defence Exhibition and Conference in Abu Dhabi.
Oman's customs department has imposed an additional two percent duty on the cost, insurance and freight value of imported products for non-submission of original legalised documents.
Kaspersky Lab researchers have found several security issues in remote car control apps that could potentially allow criminals to cause significant damage for connected car owners.
The Stockholm International Peace Research Institute, or SIPRI, said Monday the arms import figures for the Middle East accounted for 29 percent of global imports during the 2012-2016 period.
Depending on what you want to use your savings for, one savings account will be better for you than another.
The $1.9 billion includes $1.57 billion given by donors in 2016 and $344 million carried over from 2015 by U.N. Agencies, the World Bank and NGOs.
The proposed merger between Masraf Al Rayan, Barwa Bank and International Bank of Qatar is currently at due diligence stage.
With the proliferation of online learning and assessment tools and alternative creative approaches, businesses today no longer have to spend massive amounts of money on training programs for their employees.
Gazan holders of temporary Jordanian passports must now pay JD200 instead of JD25 to issue or renew a passport every two years, making it the most expensive passport in the world.
Rosneft said it started a new exploration well in Iraq, which according to state news agency Tass should be completed by July.
February 20, 2017
Kuwait committee approves draft bill scrapping fuel and utility price increases, which will likely be debated in parliament in March.
Six initiatives are outlined under the Dubai Chamber of Commerce and Industry's new strategy, which aim to ensure that the Chamber supports the government in executing the Dubai Plan 2021.
While oil and gas spending globally is expected to continue to decline, Middle East producers are looking to buck the trend and maintain spending in order to meet production targets.
Prince Sultan bin Salman, chief of Saudi Commission for Tourism and National Heritage (SCTH), kicked off the opening ceremony for “Medina Capital of Islamic Tourism 2017.”
Analysts believe that fiscal consolidation over the coming years in the GCC will decelerate and is likely to rely more on mobilisation of additional non-oil revenue.
Representatives of economic associations are the latest group to appeal against the Lebanese government's plan to raise taxes in the 2017 draft budget.
Halla Walla aims to bring out glimpses of the Arab culture, and translate them into the modern social media age through characters, nostalgic themes and even GIFs.
Dubbed as Egypt’s administrative capital, the Capital City development is one of President Sisi’s mega-projects that aims to kick-start Egypt’s economy.
Eligible schools in Dubai will now be allowed to increase their fees by between 2.4 -4.8 percent based on the a newly-approved fees framework.
The four-day International Defence Exhibition and Conference (IDEX) opened in Abu Dhabi with the UAE announcing 21 deals worth more than $1.2 billion.
It takes more than a fun day of exercises to build a high performing corporate team.
Al Suhaimi is the first woman to lead Saudi's Tadawul, MENA's largest bourse.
February 19, 2017
Lebanon's tourism minister is hopeful that the country will see the fruits of President Aoun's recent visit to the Gulf states, Egypt and Jordan, in terms of higher visitor numbers.
The meat and poultry sector is one of eight dedicated segments now housed within Gulfood, the world’s largest food and hospitality trade platform in Dubai.
National Iranian Oil Company has revealed that a dozen new fields discovered over the last four years contain 4.7 billion barrels of recoverable oil.
A new two-minaret mosque is under construction in Istanbul's iconic Taksim Square, adjacent to a historic Greek Orthodox church.
In Lebanon and the MENA region, foreign-made drugs are given more priority and attention over locally produced medicines.
Photo-sharing mobile service Snapchat is reportedly planning to launch an Android smartphone that will give consumers more control over the camera features.
Oman's new customs duty on imported bank notes, which raised the value of foreign currencies against the Omani rial, has been withdrawn after four days of implementation.
Cairo has improved most security aspects providing for safe Egypt-Russia flights, but Moscow believes that a few details remain problematic, according to a Russian parliamentarian.
JPMorgan, Saudi Aramco’s longstanding commercial banker, is in pole position to be a global co-ordinator and bookrunner for the planned sale of a 5 per cent stake in the Saudi oil giant in 2018.
The Trump International Golf Club Dubai is the American president's first golf course in the Middle East and the first property to be opened since his inauguration.
A new ILO report reveals that working from home may bring certain advantages, but it can also have downsides such as longer working hours.
To avoid lifestyle upgrades that you can't afford, think of the difference between “want” and “need”.
February 16, 2017
In a video message, Bill Gates cites positive developments in the Middle East for his optimism about the future.
The Heritage Foundation's Index of Economic Freedom ranks 186 countries on economic measures such as rule of law, government size, regulatory efficiency, and the openness of markets.
Although 99 per cent of Oman’s fisheries sector is still artisanal, its fisheries are just a few steps away from becoming a world-class competitive industry, according to a World Bank environmental specialist.
In cooperation with Zain, iflix will bring a range of TV shows and movies with Arabic and English subtitles to MENA customers.
The Sakani programme is part of efforts to allocate homes and financial assistance to 280,000 families by the Saudi Arabia’s Ministry of Housing.
If you think you are being original on your LinkedIn profile, think again.
Ahead of a GCC-wide initiative to introduce protectionist tariffs, the Omani government has formed a special committee to study the practice of dumping.
EGAS chief Mohamed Al-Masry has announced that the country expects private sect imports to replace government gas imports for the domestic market by 2018.
UAE HR directors bemoan the fact that many applicants are short on key skills in communication, leadership and strategic planning.
There is a consensus among Lebanon's main political parties to endorse the budget before the parliamentary elections, but the issue of taxes is still point of contention.
Yahoo warns that a forged cookie by a 'state sponsored attacker' may have been used in 2015 or 2016 to illegally access accounts.
A consortium including the Sharjah-based oil and gas company have been locked in arbitration with the KRG since October 2013 over the development of gas fields in Kurdistan.
February 15, 2017
The Jordan Tourism Board is in the final stage of negotiations to bring more tourists from the UK and Italy to Aqaba via low-cost carriers.
Nokia is remaking the beloved classic 3310 phone which will be unveiled at the Mobile World Congress in Barcelona at the end of February.
Major infrastructure projects in Bahrain, mainly in hospitality and luxury segments, will continue despite financial challenges, according to a report by property consultancy firm CBRE.
The British Tourism Authority has opened a new office in Riyadh for the purpose of attracting more Saudi visitors to London.
Despite no change in the camera from the Huawei Mate 9, the Mate 9 Pro is a very different phone.
Egypt's arrears owed to foreign oil companies stood at $3.5 billion at the end of December, down from $3.6 billion in September.
5G deployments will positively affect virtually every industry sector, with manufacturing set to see the largest share of 5G-enabled economic activity in 2035, according to a report by Qualcomm Technologies.
There are always many factors at play when changing jobs; filter rumours to get to the facts.
Hundreds of Uber drivers in Qatar are striking in protest over a new pricing policy which they argue will negatively affect their earnings.
Supported by Saudi’s General Entertainment Authority, the three-day event will take place from February 16-18 at Take Off RC Club in Jeddah.
As regional transformation programmes gather momentum, the Middle East's major economies present increasingly attractive non-oil, long-term investment opportunities, says a UBS report.
The Mars 2117 Project aims to establish the first inhabitable human settlement in Mars by 2117.
February 14, 2017
Driven, in part, by domestic tourism, Saudi Arabia’s travel and tourism sector is expected to contribute more than $81 billion to the country’s GDP by 2026.
While the contraction in oil revenues have forced governments to rationalise and prioritise spending, all have been adopting measures to augment and diversify revenues through new sources.
Here's how you can add wireless charging to your iPhone, quickly, cheaply, and easily.
Combining design thinking, industry, technology and business, the Innovation Factory is a space for individuals and collectives to take their ideas from prototypes to ultimately finished products.
A surge in local cotton prices ahead of next month's planting season and a crackdown on ersatz Egyptian cotton worldwide are reviving interest in cultivating the long-neglected crop.
The company behind Dubai Parks and Resorts reported a $132M loss for 2016, with costs related to the opening of its multiple theme parks.
Bayt's CV Search function allows employers to search the candidate profiles, conduct customized searches and filtering to help find right talent for the job.
A second tranche of a further one billion-dollar sovereign issuance by Iraq is likely to come to market before the end of the first quarter of 2017.
Russian flights will be flying to Cairo, Sharm El-Sheikh, and Hurghada, bringing hopes for a tourism revival in Egypt's South Sinai.
Valentine’s Day is here and across the world are again loosening up their purse strings to celebrate love.
Lebanese farmers are incurring huge losses yearly due to border closures and regional competition, and are urging the government to up the one percent budget contribution to agriculture.
The level of Saudi cuts in January shows that the Kingdom went beyond its OPEC obligations under a deal cut last year to balance world markets.
February 13, 2017
The first phase of investment targets construction of 50 schools in Dammam, Jeddah and Riyadh this year, while a second phase will establish 50 more schools in other densely populated cities.
Muscat International Airport’s new terminal will be operational by the end of 2017, and will be able to handle 12 million passengers per year.
Three British trade missions, led by the UK Prime Minister’s trade envoy Sir Jeffrey Donaldson, will visit Egypt to explore investment opportunities.
The rise in popularity of online shopping portals in the Middle East highlights the importance for firms using financial technology to adapt or risk being left behind.