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.
Emaar and Meydan are biggest foreign investors in Middle East country’s autonomous region
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.
Despite a record budget deficit caused by low oil prices, Saudi Arabia can easily afford its military intervention in Yemen.
The widening of the Suez Canal and the new commercial zone are both part of Egypt's Suez Canal Development mega-project.
A security company has discovered a computer spying campaign that it said "likely" originated with a government agency or political group in Lebanon.
Lebanon will not abandon its banking secrecy law.
Israeli companies are increasingly turning to Asia to capture a boom in demand for their technology.
They are helming major expansions and integrating hospitality to cast the net wider
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.
The attack raised major concerns about the future of Tunisia's vital tourism industry.
Only one corporate sharia-compliant bond has been issued so far in Jordan.
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.
The United States announced on Tuesday it was lifting its hold on the supply of military equipment to Egypt.
March 31, 2015
Saudi Aramco, the Kingdom’s state oil giant, has signed a $10 billion loan with 27 financial institutions.
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.
Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal.
Several Yemenis standing before the embassy stated that Monday was the last day for transactions.
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.
The app is now again able to provide UAE users VoIP free calls and internet calls to phone numbers abroad.
The initiative may mark a more aggressive push by the Arab world’s second biggest economy to attract investment.
Saudi tourists were the biggest spenders during 2014, spending $131.5 per night, followed by US tourists spending $101.3 per night.
"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
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.
If treated with compassion, grieving employees could possibly bounce back with vigor.
The fact that consumers don’t feel physical cash leaving their hands plays into the tendency of some to use plastic more often.
Dubai-based conglomerate Majid Al Futtaim is not planning on listing in the market anytime soon.
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.
YouKnow, an interactive online platform aimed at bridging the gap between citizens and government officials, is making waves in the occupied Palestinian territories
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.
In 2014, sharia complaint assets in the UAE crossed $1 billion while the industry itself was estimated to be worth $127 billion.
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 maximum penalty for offences of fraud and breach of trust is three years imprisonment, and the maximum penalty for fraudulent receiving is five years.
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.
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.
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, has ordered 20 Boeing 737 aircraft as part of a plan to double its fleet to 70 planes by 2020.
March 29, 2015
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.
Your premiums can skyrocket as you get old — and if you’ve any health issues.
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.
"To avoid any political interpretation, Suez Environnement has decided not to take part in this project," it said.
If you must share your views during the interview, make sure to assure the employer the views remain yours.
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.
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.
Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities.
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.
Israel's decision to withhold $130 million a month in revenue collected on behalf of the Palestinians is strangling the economy
Game developers in the region must cooperate and share data in order to increase production and reach a wider audience, an industry expert said.
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.
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.
Saudi Arabia has suspended international and domestic flights at seven airports in its south.
March 26, 2015
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.
Whether you’re buying a house or a new gadget, shopping around is always recommended
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
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
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.
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.
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 summit had showed how much Egypt can cooperate with Mexico and Latin American states, said the Ambassador of Mexico to Cairo Jorge Alvarez Fuentes.
“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.
Saudi Arabia has announced plans for an industrial city in Jeddah solely dedicated to women, local media reported.
March 25, 2015
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.
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
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.
British car-maker Jaguar has launched its new Jaguar XF compact sports saloon during a dramatic ‘high-wire’ water crossing.
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.
The Israeli diamond industry recognizes the enormous potential of Turkey, and plans to help it establish an advanced diamond industry, sources inform "Globes."
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.
With an economy larger than all the Balkan economies combined, Greece is an important regional investor.
Despite the impressive numbers, the world is nowhere near leveraging the full potential of sunlight because of two principle reasons.
Apple became the number one smartphone vendor in the fourth quarter of last year by overtaking Samsung, which was the leader since 2011.
Five regional employers were asked to determine the most important quality they look for in a candidate when making a hiring decision.
Due to be completed in 2023, the project will be 49 percent financed by Moscow.
More World Cup drama: French construction giant Vinci to sue human rights group over forced labor allegations
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
Kuwait consumer price inflation continued to slow in January, while core inflation remained steady
According to the latest YouGov report, the top three luxury holiday destinations for MENA residents are UAE (14%), Italy (10%) and Turkey (5%).
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.
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.
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 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.
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.
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.
Average wages across the GCC rose last year, however, Arab expat salaries rose the least among racial groups.
“With the completion of the the expansion work, the mosque will comfortably accommodate about 1.6 million worshippers."
Egypt's president has issued a decree to offer new bonds to the public to generate revenue to develop the Suez Canal area.
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
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 report by Emirates 24/7 said the two major telecom operators - Etisalat and Du blocked WhatsApp voice calls for UAE subscribers.
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 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.
Across the Gulf, companies that have traditionally used conventional finance are considering whether to "go Islamic",
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.
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.
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 Middle East is the world’s best bespoke region.”
With a number of hospitals and clinics starting up in the GCC, the war for medical talent has begun.