June 30, 2016
The finance deal will allow Iraqi security forces to defer payment for the purchase of ammunition and maintenance of its F-16 aircraft and M1A1 Abrams tanks.
Egypt has instructed its banks to prevent debit card withdrawals from Egyptian pound accounts while abroad, due to the acute shortage of foreign currency in Egypt.
We list the most hyped products expected to launch later this year.
The Russian leader announced that he has ordered the government to enter into talks with the respective Turkish authorities to restore mutually advantageous bilateral relations in economic, trade and other spheres.
The company will be supplying the Qatar Emiri Naval Forces with Exocet MM40 Block 3 anti-ship missiles, as well as Aster 30 Block 1 and VL MICA air defense missile.
The combined entity will realise synergies and growth in multiple sectors including the energy and utilities sector, technology, aerospace, industry, health care, real estate and financial investments.
The triple suicide bombing at Istanbul's Attaturk Airport is the latest blow for tourism, as skittish tourists find more reasons to stay away.
The outgoing British Prime Minister said that Qatar was well-placed to respond to current economic challenges, and reiterated his desire to boost annual bilateral trade beyond $6.7 billion.
Companies tend to win the votes of most jobseekers because of their good reputation as an employer – they treat their staff right, offer great benefits and promote a work-life balance.
PDO's financing will take the form of a five-year pre-export facility, which was provided by a syndicate of international banks.
The US State Department has invited the UAE and Qatar to an informal meeting next month to discuss the allegations against Emirates, Etihad and Qatar Airways.
Italy has voted to halt supplies of F16 spare parts to Egypt in an effort to intensify efforts to resolve the case of the Italian student's death.
White House Deputy Press Secretary Eric Schultz has warned that Iran's continued support of Hezbollah will hamper its access to global markets.
June 29, 2016
The leading Lebanese bank has received the investment by the private equity fund to boost growth and development plans in the Middle East and Africa.
After two days of heavy losses following Britain's decision to leave the EU, the price for Brent crude oil was up 2.7 percent yesterday at $48.42 per barrel.
The statement was issued in a comment on the three-year Extended Fund Facility (EFF) that was announced between Jordan and the IMF and is pending approval by the IMF executive board.
Emirates, Etihad Airways and Qatar Airways all cancelled flights to Turkey's Ataturk airport after assailants opened fire and bombed Europe's third busiest airport, killing 36 people.
New Saudi theme park gets the go-ahead after Dubai ruler clarifies that 'exclusive GCC deal' with the US company includes both Dubai and Saudi Arabia.
Practice your public speaking with the help of our smartphone.
Jordan's tourism ministry has launched the Distinctive Destinations programme to encourage Jordanian towns to capitalise on their core strengths and unique characteristics to improve their tourism offerings.
Shop around for currency exchange deals as some airport and online currency traders are cashing in on Brexit volatility.
A University of California study shows that seemingly innocuous non-financial award programs can upset the status quo and influence perceptions of equity and fairness.
Prices for the safe-haven metal soared above £1,000 per ounce in London to its highest peak in three years.
The financial watchdog is optimistic over Iran's new anti-money laundering plans, but will keep Iran on its blacklist pending full implementation.
After a week of irregular programming, owner Abu Dhabi Media Group has reclaimed the licence for the two radio stations from the current managers Gulf News Broadcasting.
Fitch said in a statement that lower oil prices are causing a "marked deterioration" in Bahrain's fiscal position, and expects the budget deficit to widen to 15.4 percent of the GDP in 2016.
Istanbul's International Airport has resumed operations hours after 36 travellers were killed and nearly 150 injured in a bomb and gun attack in the early hours of Wednesday morning.
June 28, 2016
The French oil giant has won the bid to develop the Qatari oil field, and will own 30 percent of the joint venture with QP.
Of the 800 surveyed mosques in the Kingdom, 21 have already been restored by the Saudi Commission for Tourism and National Heritage and Ministry of Islamic Affairs.
A survey by Oman's Ministry of Higher Education has found that oil and gas positions, up until last year the most sought after jobs, have slumped, replaced with careers in tourism, hospitality and banking.
'Nayif 1' has successfully passed all its tests and stages and will be launched into space on the Falcon 9 Rocket by SpaceX.
Following its acquisition of SecureLink in 2015, the Coresec purchase is in line with Investcorp's vision of creating a pan-European cyber security specialist.
Gulf airline chiefs have declined to comment on Britain's referendum results, but currency volatility, reduced profit growth and agreements permitting air connectivity are a major concern.
Al Khonji Real Estate has been granted permission to develop the 661,000 square metres site which will include a commercial and residential complex and amusement park.
Involve your top talent in the decision making process: Hussain Abu Hilal of Saudi Diesel Equipment Company
The seasoned HR professional explains why investing in employees development pays off.
With so many UAE residents caught in debt cycles, the significance of financial education is perhaps even bigger this year as oil prices and the resulting slowdown in economic growth force companies to axe jobs.
After yesterday's visit with President Hollande, Deputy Crown Prince Mohammed bin Salman will meet with French leaders to finalise major pacts in various fields.
A consortium led by Abu Dhabi's renewable energy company is in talks with Gulf banks to fund the third phase construction of the largest single-site solar park in the world.
Qatar's foreign trade surplus dived 50 percent to $2.05 billion over lst year, due to the drop in energy prices.
The three-storey complex will host 50 shops and include three cinemas and a solar-powered drive-in cinema.
June 27, 2016
Jordan Nuclear Power Company CEO Dr. Ahmad Hiyasat said that the bilateral cooperation will ensure sustainable development and confront rising prices in the energy sector.
Islamic financial concepts are thriving in the modern age with the fastest growing rate among the capital markets.
Given the vast number of projects underway and the increasing strain to meet industry demands, there’s no shortage of challenges in the construction sector, especially when it comes to retaining a quality workforce.
The move is a major step forward for internet companies that are eager to eradicate violent propaganda from their sites in the face of increased global attacks and government pressures to prevent them.
The money trail for Amana, the West Bank settlement construction movement, is said to show groups pouring millions via a pipeline controlled by a Jewish Argentinian tycoon.
With $777.4 million in Egyptian exports to the UK last year, Egypt's trade agreements with its third-largest trading partner are thrown into disarray by the Brexit vote.
Following the opening of its first Kuala Lumpur hypermarket, the Abu Dhabi-based retail giant continues its expansion across Asia with plans for a new $500 million center.
Vice has partnered with Moby Group to bring its bold reportage programming to 12 countries including Iran, Egypt and Saudi Arabia to serve a 'surging youth population'.
All seven GCC bourses reacted negatively in the first trading session after Britain, as uncertainty continues to plague global markets.
Prince Muhammad Bin Salman ends his US visit by meeting Silicon Valley tech giants and announcing a new welfare initiative between the Misk Al-Khair Charity Organization and the Bill & Melinda Gates Foundation.
The US company must reduce its stake in the reservoir by 25 percent, following the new gas agreement with the Israeli government.
With 30 percent of Lebanon's imports coming from the EU, the decline in the euro following the Brexit vote will cut Lebanon's import bill and increase its purchasing power.
Unveiled by Sheikh Mohammed, the strategy includes 75 initiatives that aim to transform the UAE into a global platform for manufacturing businesses, while promoting energy efficient processes.
June 26, 2016
US dollar or UAE dirham investors will find the price of an average prime Central London residential asset $96,000 less than it was on June 20, according to Cluttons.
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.