Turks are expected to spend $1.1 billion on pilgrimages to the holy city of Mecca this year.
Lebanon's economy has been hard hit by the war in Syria, which started in 2011 and has repeatedly spilled over into the small Mediterranean country
In time, Qatar’s soccer ambitions may indeed turn out to be harmless. For now, however, the Gulf kingdom’s global ambitions, whether in sport, finance, or politics, are fueling credible suspicions about less than innocent ulterior motives.
September 2, 2014
The biggest Middle Eastern airline, Emirates, added two more destinations to its network this week including Oslo and Brussels.
Dubai's largest bank, Emirates NBD, is looking to increase its presence in Saudi Arabia, CEO of the company announced.
Egypt’s manpower ministry and many labour activists agree that the country’s labour legislation is inadequate and needs reform. But bigger questions remain.
German technology giant Siemens won two contracts with Saudi Electricity Company to construct static var compensators (SVCs), across the kingdom.
While economic growth and job creation will be the underlying drivers of GCC port development strategy, much will also hinge on how these strategic assets integrate into new, efficient transport networks being built.
UAE corporate earnings increased by 16 percent in the first half of the year, surpassing the average growth rate for the GCC region.
How well is Saudi Arabia's economy doing? It's time to have optimism towards the non-oil economy as it transitions into the labour market to turn favourable for 2015.
Major Dubai developer Nakheel officially opened the Jumeirah Park Pavillion as the first of five malls to be launched in the emirate.
Residential property prices increased by 34.5 percent in July, compared to the previous year.
As developments are on the rise across the MENA region, the increase of prices have diverted first time buyers from purchasing new homes.
Apple plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger,
“Incapable citizens” should submit requests to the Real Estate Taxation Authority (RTA).
The Kingdom on Monday stopped granting visas to workers from Guinea, Liberia and Sierra Leone, the countries worst-hit by the deadly Ebola virus.
September 1, 2014
Whether you’re a tourist or a resident, transport challenges are a way of life in the Middle East – just as they are in many other parts of the world. But technology is beginning to have an impact on this space.
Expo Centre Sharjah is high in demand for events with a 25 percent rise in visitors for the first half of 2014.
The UAE's economy is continuing go grow in both the retail and real estate markets, which means there is room for more investment.
Norway makes good use of its oil and gas industries respectfully. There is room for investment with the large income obtained from the energy sector. Why doesn't Saudi Arabia live off Norway's example?
The upcoming Ministry of Communications and Information Technology, IDC Saudi Arabia CIO Summit in Saudi Arabia will be much more than an event. It will help enhance business solutions and improve technology across the kingdom.
Hotel occupancy in Abu Dhabi rose by three points in July while in industry saw a hike in guest arrivals by 26 percent in July, compared to the previous year.
Bring luxury coffee to your office! Starbucks teams up with MENA businesses to supply coffee to employees
Global coffee chain Starbucks launched a 'Branded Solutions' scheme, where businesses in the MENA region can supply quality coffee to the workplace.
Organizers have launched the second phase of expansion for Dubai Festival City. The large-scale refurbishment program started in 2014.
Bahrain's national airline has cut year-on-year losses by 30 percent and increased overall revenue by 10 percent in H1, according to a report by Gulf Daily News.
The shunned applicants argued that most of the rules by the Ministry of Housing are not clear.
A group of Israelis on Facebook are calling on local supply chain Strauss to rename its brand of Turkish coffee, saying that the product should not be sold in Israel under a name that refers to Turkey.
The Chamber of Hotels will meet this week to study Ministry of Tourism resolutions to confront sexual harassment and assault in the tourism sector.
August 31, 2014
In May this year, a European court issued a ruling that supports his right and it has started a chain reaction that will affect everyone and everything on the Internet.
The region's often forgotten economic supergiant: Algeria announces new massive investment program to unleash shale potential, transform economy
The Algerian government announced a new five-year investment programme last week, and is aiming to spend $262 billion between 2015-2019 in an effort to diversify its economy.
To exclude someone simply because they have transposed two letters makes even less sense now than it ever did.
Despite potentially 'sucking away customers', new Emirates alliance declared 'absolutely fantastic' by Qantas chief executive
“People who once flew on Qantas operated aircraft who suddenly fly on the Emirates operated aircraft are seeing a big improvement in quality. Instead of booking on the Qantas website they are now just jumping on the Emirates website.”
Dubai's hotel sector barely managed to break even in July. Occupancy levels slid by 4.6 percent due to a summer slowdown including the month of Ramadan.
Flydubai added three new routes to East Africa, which will be launched in September making it the first Emirati carrier to fly to Rwanda and Burundi.
One of the UAE's biggest clean energy companies, Masdar, has developed Samoa's first wind farm on the island of Upolu.
Qatar Airways prepared to receive the Airbus A350 Xtra Wide Body aircraft for delivery by the end of 2014.
A healthy economy fuelled by stability and job creation led to growth in Bahrain's real estate market, according to an industry expert.
The UAE is the place to job hunt! According to a leading recruitment portal, over 60 percent of the UAE's employers will be hiring over the next three months.
GCC leaders agreed to improve relations and develop principles between nations, including the reinstatement of Bahrain, Saudi and Emirati ambassadors to Qatar "any time".
Real estate prices in Qatar continue to rise with average prices of both commercial and residential properties increasing by 20 percent since September 2008, according to data from the Real Estate Price Index.
With Oman's cargo authorities shifting port activities from Muscat to Sohar, it will not only boost the economy but also create a positive future for the country's industrial development.
Relations between Cairo and Addis Ababa soured last year over Ethiopia’s construction of the $6.4-billion hydroelectric dam on the Blue Nile.
While the Iraqi conflict has also kept some international investors at bay and risk premiums across the region elevated, the political backdrop seems to have improved in a number of countries in the region.
Any effort to rebuild Gaza will be hindered by a blockade imposed by Egypt and Israel since the Islamic militant group Hamas seized power in 2007
The world’s biggest smartphone maker has been pushing hard to develop the wearable devices market as it looks to counter slowing earnings in its mobile division
August 28, 2014
Jannah Hotels and Resorts is planning to expand across the UAE by introducing more apartment hotels and brands to the company.
Vehicles registered in Dubai will soon have number plates with new designs as the Roads and Transport Authority (RTA) is working on plans to replace the existing designs and colours.
Casio Middle East unveiled two new Edifice time pieces throughout stores in GCC countries.
The Tadawul All-Share Index breached 11,000-mark with a six-year high. Strong global demand for petrochemicals supported the increase.
Saudi authorities denied reports that a proposal to reduce public sector working hours to 40 a week was being scrapped.
Fleeing war? UAE is the safe haven: Dubai property market is safe and secure according to a top banker
With turmoil continuing in the Middle East, the UAE has been the safe haven for many people in terms of property and flights, according to a senior banker.
A key meeting in Bahrain next week will see discussions between Bahraini and Indian business leaders on bilateral trade and investment opportunities.
Global marine terminal operator DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like basis.
Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with the National Commercial Bank released the D&B Business Optimism Index (BOI) survey for Saudi Arabia for Q3, 2014. The BOI survey highlights the weakening of optimism levels of both the hydrocarbon and non-hydrocarbon sectors.
Households in Jordan can save up to 90 per cent of their monthly electricity bill by installing photovoltaic systems to produce energy from solar power, according to organisers of a campaign to encourage the usage of such systems at homes.
Bahrain is due to launch a high tech visa system, which will enable visitors from 102 countries to apply for and secure their visas online.
Although the Kingdom has the largest oil reserves in the world and occupies the fifth place in terms of natural gas reserves, yet according to a report by oil specialist the Kingdom faces many challenges as a result of a number of different factors, including its need to meet the requirements of development.
Planning for Dubai Expo 2020 has entered the next phase, organizers said in a statement Wednesday.
The Lower House on Wednesday referred the draft renewable energy law to its Energy Committee giving it urgency status, after dozens of MPs took part in the “first reading” of the bill.
August 27, 2014
Dubai residential rents have dropped slightly in the first half of 2014 by 2.0 percent according to a recent report from the Phidar's House Price Index.
The construction sector grew 2% while the cost of key materials including cement, ready mixed concrete, and reinforcement steel grew over 6% in the last quarter,
Aldar Properties announced another significant phase in the pre-opening of the widely anticipated Yas Mall, due to launch in November 2014.
A plan by Saudi Arabia’s labour ministry to give two days off a week in the private sector is being shelved following tremendous pressure from investors and the business community.
Prince Faisal bin Salman said Medina is an investment-friendly province and called for young people to put their ideas into viable projects.
Mall of the Emirates has entered the second phase of a major refurbishment plan, carried out by leading developer, Majid Al Futtiam (MAF).
Research and consultancy firm Oxford Business Group published a new guide to Saudi Arabia's economy and finance.
Tecom Investments launched a new 440-villa project close to its DuBiotech business park in Dubai, due for completion in Q4, 2015, according to the National.
Majid Al Futtaim Properties' success is continuing to grow with 17 operational malls across the MENA region. CEO George Kostas talks about how he runs the company so successfully.
Byblos Bank/AUB Consumer Confidence Index improved marginally in January and February, picked up pace in March and April, and regressed in May and June 2014.
Children’s new bedtimes for school are keeping families away from entertainment venues, leading to a sharp dip in revenues following an extravagant 100-percent occupancy rate during Ramadan and Eid.
Bahrain's Gulf Finance House Wednesday signed a $105 million deal with Kuwait Finance House in the wake of the global finance crisis, which hit the Middle East.
Dubai’s impressive average spending power of Dh53,000 ($14,400) per household per year has seen the retail sector riding a wave of growth to reach record figures, a report said.
His Majesty King Abdullah on Tuesday stressed his full support to all the committees entrusted with preparing a future vision of the national economy, coupled with an executive plan, urging them to place the interests of Jordanians at the core of their work.
August 26, 2014
Abu Dhabi's Adnoc Distribution has bought 34 Emarat service stations and a fuel depot in Sharjah.
Food imports have a key role to play in Saudi Arabia's booming agriculture industry. While the Kingdom emerges as a key player for food trade, it is because almost 70 percent of it is imported.
A large portion of South Sudan's annual budget is spent on salaries and operational costs with very little on development projects, a local think tank said in a policy paper.
The Jeddah Chamber of Commerce and Industry is hosting a program for training Saudis with high school education or less in coordination with public and private sector agencies.
Figures for construction permits being issued in Beirut dropped slightly by 0.2 percent in 2014. Numbers varied for other cities and towns across Lebanon.
While the UAE's GDP growth rate is above five percent, more job opportunities are emerging. This is why it is vital to keep employees happy.
Dubai could be headed for some optimism in the future with a 5.6 percent rise in growth if the economy continues to say vibrant and healthy.
That old saying, 'There’s no such thing as bad publicity’, probably applies to what the aviation industry has flown through in recent months.
Abu Dhabi has seen a huge rise in Chinese visitors in H1 according to the Abu Dhabi Tourism & Culture Authority following a Chinese Visitor Summit in the Emirate.
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.
Jordan’s public debt reached over JD20 billion by the end of June, according to recent official data.
Oman's crude oil exports to China have continued to soar amid the economic giant’s rising demand for energy and its increasing reliance on Middle Eastern oil supplies.
Saudi investments in the Sudan are expected to cross $13 billion (SR48.75 billion) in the next few months, particularly following a decision on canceling entry visas for Saudi investors.
The UK's top construction firms have won infrastructure contracts worth $1.65 billion to build roads, hotels, museum projects and drainage networks for World Cup 2022 in Qatar.
August 25, 2014
Dubai's Specialist Services won a contract from Petrofac to build local equipment and control rooms for its Island Surface Facilities Project.
They say it's a sign of good hospitality when you offer visitors a cup of coffee! Saudi Arabia is the largest coffee consuming country in the world with an industry worth $267 million.
The context of the Middle Eastern debt market, bank lending has been a dominant component. The debt issuances, to date have been dominated by the banks and the government related entities (GREs).
World Bank figures showed a decrease in the cost of sending remittances for the U.S. to Lebanon at 10.19 percent in Q2.
Abu Dhabi's leading property development company, Aldar Properties, secured a bulk deal to lease 607 apartments to hospital employees working for a medical clinic.
The Dubai Chamber of Commerce and Industry has joined forces with the Economist Intelligence Unit to check out Sub-Saharan Africa for potential for investment.
Bahrain will overhaul trade laws to increase foreign investment and clean up dispute settlement processes, according to a cabinet meeting hosted by Prime Minister Prince Khalifa bin Salman Al Khalifa.
Dubai's hotel industry welcomed over 5.8 million tourists in the first half of the year with revenues reaching £3.18 billion, up by 10.9 percent.
Facilities Management (FM) services contracts in the UAE could be valued at approximately AED20 billion per annum by next year, according to G4S, a leading global security and outsourcing group in UAE.
Abu Dhabi's Etihad Airways welcomed a review process by Switzerland's Federal Office of Civil Aviation regarding a deal to buy 33.3 percent of Swiss carrier, Darwin Airline.
Saudi Arabia continued to be Dubai’s primary source market as more than 5.8 million tourists stayed in Dubai hotels during the first half of 2014.
The UAE and India are expected to enhance their co-operation in the field of renewable energy and sustainability.
August 24, 2014
A spike in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain in the first half of this year, a report said.