The JREEEF programme includes financing for households to install solar heaters, electricity-generation systems using solar energy, and for SMEs.
The five-tier method for calculating 'nationalization points' in the Nitaqat Program has been revealed alongside plans to introduce more reforms to the nationalization program.
The social network will now let you post the same one click responses which you can add to any other post, to VR videos.
UAE currency houses are expecting an increase in remittances to the UK with the fall in the pound against the dollar and the start of the summer holidays.
There are many other bank fees that you may not know about until you need a service.
Ramadan is considered one of the best times for companies, no matter how large or small, to give back to the community.
investments required to implement the Omani Tourism Strategy (2016-2040) would be about $18.968 billion, 88 per cent of which will be borne by the private sector..
Saudi Arabia’s Aramco will supply Egypt with petroleum derivatives for five years, starting from last May, at an interest rate of 2% and a grace period of at least three years.
Turkish Islamic banks’ market share are expected to double to more than 10 percent by year-end 2025, while as recent government initiatives in Qatar have led to significant growth of Islamic banking.
As G7 members warn of excessive volatility following Brexit, oil and gas experts call for unity as it charts a strategy for the transition.
Oil prices followed the global markets' plunge on Friday in reaction to the shock vote in favor of Britain leaving the European Union.
June 24, 2016
Extracting itself out of the EU-GCC stalled FTA process may actually breathe new life into the UK's trading relationships with the Gulf, as well as with other parts of the world.
GCC investments in the UK are for most part not made with the motive of accessing European markets but rather they are standalone investments made in their own right, in areas such as real estate and hospitality.
The FTSE 100 has fallen to its lowest level since the 2008 financial crisis, with further market turmoil expected following the Brexit vote and David Cameron's resignation.
June 23, 2016
As you celebrate your 30 year milestone, it's time to evaluate your finances and take steps to be better off in the future.
The CEO of the aquatic entertainment company reportedly met with Deputy Crown Prince Muhammad Bin Salman to discuss opportunities in Saudi Arabia.
Amman and all of the major Gulf cities have jumped up in the rankings of the most expensive cities in the Middle East and globally.
Google Prompt streamlines the cumbersome authentication process by allowing you to log in securely in one step without the use of codes.
Increase the opportunities available to you by keeping up to date with the skills that your industry needs.
The global accountancy firm was banned from audit work for two years by Saudi Arabia’s market regulator in relation to the case against Mohammad Al-Mojil Group (MMG).
Oman’s State General Reserve Fund has acquired a 29.2 percent stake in the zircon and titanium mining company.
Under the knowledge-sharing MoU with Microsoft, the tech giant will train young Saudis in computing technology, as well as expand its systems support centre at Saudi Arabia’s royal court.
The Abu Dhabi Department of Economic Development is intensifying raids and imposing heavier fines for companies selling fake products.
EgyptAir has announced the $25,000 temporary compensation based on international measures of insurance as an initial tranche, 'untli further procedures can be taken'.
The US Army contract is for equipment, training, sustainment and support for the Iraqi academy which educates future military and civilian leaders.
A successful distance-learning pilot program is being rolled out for Yemeni students in camps for the displaced inside Yemen and refugee camps in Djibouti, sponsored by the King Salman Center for Relief and Humanitarian Aid.
As Britain goes to the polls to decide their future with the EU, experts warn of market volatility and discourage investment over the next four days.
June 22, 2016
Qatar's sovereign wealth fund has acquired the French couture company in a deal reportedly worth $522 million.
Seventeen companies have bid for construction of the Red Sea-Dead sea water sharing project, after the date for submission of tenders was extended by three weeks.
The device includes data on pilgrims’ licensed service providers, accommodation in Mecca, Madinah or the holy sites, and telephone numbers of those helping them.
Egypt ranked first among Arab countries and seventh internationally in receiving remittances, where it acquired about 40.4% of the total remittances sent to the Arab region.
Learning more about how to manage money efficiently can help increase confidence and lead to more financial security.
Many jobseekers often have to choose between higher pay or career growth when considering a new offer.
Over 200 recruitment agencies have been licenses to operate in Saudi Arabia to meet the high demand for domestic help, with another 129 offices given initial approval.
A partnership between The Housing Bank for Trade and Finance and USAID will support loans for businesses working in community-based tourism.
BA's announcement that it is extending their flight suspension to Sharm El Sheikh 'indefinitely' is the latest blow for the Red Sea resort.
The Bahraini investment firm continues its buying spree with its $100 million purchase of the 55 percent stake in the Italian clothing company.
The energy giant's OneSubsea subsidiary will help with the fast-track development of the Mediterranean's largest-ever gas discovery.
Sudan is pulling out all the stops to join the World Trade Organization by July of next year.
June 21, 2016
The combination of a sluggish economy and wider variety of recreational choices at home means that UAE residents are increasingly choosing to stay rather than go away on holiday.
When market sentiments are low, buying opportunities often present themselves.
Summer may be the perfect time to relax and recharge, but it is also the perfect time to pick up a few new skills.
New and old popular apps designed to help guide you through Ramadan and beyond.
Two days before Britain holds a referendum to decide whether or not to remain in the EU, industry experts weigh in on the possible impact of Brexit on the Middle East.
Opposing Israeli political factions are working to force disclosure of countries where Israeli arms are being exported, and to ban export licenses to countries committing 'severe infringements' on human rights.
The project will be developed and financed in partnership with the private sector, in a bid to attract more families.
The resignation comes a week after Saudi's stock market regulator fined MMG $427M and sentenced three people to prison, including founder Mohammad Al-Mojil and his son Adel Al-Mojil, the chairman.
Egypt has renewed calls for the AfDB to disburse the second tranche of the three-part $1.5B loan before September.
The world’s largest amusement park corporation Six Flags is the latest in a series of high-profile American companies to announce entry in the Saudi market.
Shaikh Mohammad Bin Rashid Al Maktoum grants non-UAE nationals the rights to absolute ownership of property in three land plots of DWC.
In the current economic downturn,serious salary delays of up to a year are being reported by workers across different sectors in Oman.
Regional businesses have been told to take action before the Excise Tax system comes into effect on January 1 2017, followed by VAT on January 1 2018.
June 20, 2016
Egypt's telecommunications regulator has offered Orange the license to provide fourth-generation mobile services at 3.54 billion Egyptian pounds ($398.6 million), half of which must be paid in dollars.
Lower levels of reader interest and productivity levels during Ramadan present a challenge for news organizations.
The UK-based engineering company will complete conceptual studies and pre-front end engineering design work at its Rumaila oil field.
Very large crude carriers (VLCCs) transitting the canal from the Arabian Gulf after discharging at the SUMED oil pipeline will be charged $155,000 if they are carrying more than 250,000 in deadweight tonnage.
Created in Silicon Valley, the app has been mainly used in the United States and Saudi Arabia and allows users to exchange information on road hazards.
Qatar Armed Forces’ Reconnaissance and Surveillance Centre and Texas A&M University at Qatar have partnered to research drone technology to boost homeland security .
Are you financially independent and financial responsible? The single girls' guide to managing money
Women are now more financially aware, more independent and definitely more empowered than ever to better control their finances.
Whether you want to work in hotels, travel agencies, airlines or other leisure services directly supported by tourists, here is a list of top five skills of great hospitality employees.
American firms 3M and Pfizer have been authorized to operate and invest in the kingdom, in a deal that will be signed during the visit of Deputy Crown Prince Mohammad bin Salman to the US.
Milaha seeks the acquisition of the 50 percent stake currently owned by Qatar Petroleum, in a deal expected to be worth up to $180 million.
Studies by recruitment consultancy Morgan McKinley showed that austerity measures in companies mean that some can no longer afford to live in the emirates.
National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have confirmed talks of a possible merger that would see strong gains for both parties.
A Dubai-based consortium led by Mohamed Alabbar has bought a controlling stake in the Kuwaiti food franchise giant for $2.3 billion, three weeks after announcing the collapse of longstanding takeover negotiations.
June 19, 2016
Iran's purchase of 100 Boeing passenger planes now awaits US government approval.
Apple showcases Messages, a new Home app, Photos, Music and news, plus opens Siri, Maps, Phone and Messages to developers.
Selecting potential investments should not only be based on returns but also factor in their impact on society and the environment - so that they enrich the economy even while fulfilling basic human needs.
Nadine Al Hadidi, the Head of Marketing and Communication Outreach at Tip n’ Tag LLC recommends going beyond your job description in order to keep your options open and to understand your role better.
The Italian shipbuilder will provide seven surface vessels and support for 15 years after delivery in 2018.
The Salini Impregilo consortium will build 150 km of roads and infrastructure for the 12,000 hectare urban residential development 40 km northwest of Kuwait City.
A new report issued by the Rafik Hariri Center for the Middle East in Washington DC reviews the economic reform programmes that were launched prior to the 2011 revolution, and paints a bleak future unless reforms are made.
The billion-dollar Sheikh Shakhbout Medical City project will be one of the biggest medical facilities dedicated to intensive care in the region.
Travel agents in Oman report an increase in sales of one-way tickets out of Oman as thousands of migrant workers are being let go by construction companies.
Under phase one, companies which record annual revenues of over Dhs 3.75m will be obliged to register under the system and will be taxed accordingly.
Qatar's lawmakers have approved a draft law that allows the establishment special economic zones to attract international investment.
As Iran anticipates is biggest aviation deal in history with Boeing, finalization rests upon financing the purchase in light of Iran's continued difficulties in accessing the dollar.
June 16, 2016
The latest report by the International Renewable Energy Agency find that the low cost for solar and wind energy will get even cheaper, but grid integration may pose challenges.
Iran looks to cut dependency on fuel imports with a new plan that includes the construction of five new plants, upgrades to existing refineries, and improving the quality of fuel sold domestically.
The move is the latest in a series of financial measures spearheaded by the US against choking Hezbollah's finances.
Black market currency dealers are targeting expat workers and exporters from abroad, further exacerbating the dollar shortage in the country.
The developers of the Louvre Abu Dhabi are moving closer to realizing architect Jean Nouvel's vision for a 'museum city on the sea'.
The leasing and hire purchase company is seeking shareholder approval for the unsecured non-convertible subordinated bond issue on June 30.
Al Salaam Mall will house the 23,000 sq m IKEA store which is expected to open in 2017, making it the first IKEA store integrated into a shopping mall in Saudi Arabia.
Exercise caution when handling sensitive financial information, no matter where you are.
The proposed sale is a five-year sustainment package to include contract logistics, training and engineering services for Iraq's eight C-208 aircraft.
Apple’s unveiled enhancements to its Siri digital assistant, but after five years, Apple is behind Google and Amazon in artificial intelligence.
Finding the best candidates for your company is always a challenges, especially for companies that are still in their growing stages like small and medium enterprises
Saudi Arabia has approved the World Trade Organization Trade Facilitation Agreement, which aims to reduce procedures and paper work required for import and export.
It has been one of the worst years for Egyptian cotton exports following long-term neglect, lax regulation and falling quality.
Oil markets, already on the decline after OPEC reports the balance between supply and demand was unchanged month-to-month, weakened further early Wednesday.
June 15, 2016
Microsoft's $26B acquisition of the professional networking site will allow it to provide end-to-end service and boost ad revenues through access to regional data.
The closure of the account belonging to pro-BDS website Der Semit is believed to be the first instance of a German bank taking action against BDS activity.
The number of high net-worth individuals in Jordan is predicted to jump by 75 percent, in Iran (70 percent) and in the UAE (50 percent) by 2025, according to the Middle East 2016 Wealth Report.
Israel's finance ministry insists that the first payout of a $3.8B five-year deal for the Arab community is likely to be released, despite past false promises and 'political' issues behind the delay.
New tech for ancient history: Using satellite imagery to document Middle Eastern archaeological sites
The Endangered Archaeology in the Middle East and North Africa (EAMENA) project documents archaeological sites and assesses the threats to them in 10 countries.
Oman Air confirmed that Oman National Transport Company will operate daily bus services between Sohar and Muscat airports for Oman Air passengers in light of its suspended air operations to Sohar.
The future of television, according to the company is apps. Much like every other device, your TV will now be a selection of apps tailored to your preferences.
During Ramadan you’ll have more time on your hands; make sure you use it well when it comes to your job hunting.
The US continues to attract global sovereign capital, especially from the Middle East, but allocations to emerging Asian markets are also on the rise.