October 8, 2015
The total volume of foreign investments in the UAE, at present a regional base for over 500 international companies, exceeded $100 billion in the past 10 years, according to Minister of Economy Sultan bin Saeed Al Mansouri.
The Kingdom of Jordan has awarded Raytheon an $18.6 million contract to expand its border security work on the country's border with Syria.
A new smart system has been installed in 50 public buses to monitor the physical condition of bus drivers and spot signs of exertion and fatigue.
Egypt’s foreign reserves decreased by $1.76bn of their value in September, reaching $16.334bn, compared to $18.096bn in August, the Central Bank of Egypt (CBE) announced on Wednesday.
The UAE has the most powerful passport in the Mena region, which lets Emiratis travel to 113 countries visa-free, a report said, highlighting that it is the first Arab country to be granted a European visa waiver.
New road between Saudi Arabia and southern Oman cuts the distance by 800km, and passes through 600,000 sq km of barren desert.
Starting your own business requires motivation and total commitment. Here are a few must-know tips from the founder of Slickr.
New streamlined procedures will allow an automatic refund as long as the visitor complies with all regulations.
A record number of exhibitors and visitors are expected for the week-long industry event starting November 8.
A call from the White House got Kickstarter on board to bring refugees much-needed aid.
Google's Accelerated Mobile Pages promises shorter page load time is good news for consumers, but bad news for marketers.
As committees begin the compensation process for victims' families, King Salman warns that the payments will not protect the Binladin Group from private lawsuits.
Visitors to Dubai's health care facilities reached 260,000 in the first half of 2015 alone.
Lebanon's Tender Office must uphold the Shura Council decision to allow Orascom to bid for the lucrative operation of one of Lebanon’s cellular networks.
Consumers in the UAE can expect to see their household spending to double this year compared to a year ago, although prices are expected to ease in the last quarter of 2015. Experts expect the overall inflation to average 4.37 percent.
October 7, 2015
Moody's Investors Service, ("Moody's") has assigned a provisional rating of (P)A1 to the proposed Omani rials certificates to be issued by Oman Sovereign Sukuk.
UK-based Firnas Airways has launched a Gulf funding campaign in a bid to raise the $50 million it requires for expansion.
Emirates Islamic on Monday launched the UAE's first Islamic Banking Index. Its findings highlighted a significant opportunity for the growth of Islamic banking in the UAE.
The Kurdish Regional Government exported 18.6m barrels of crude oil, despite the ongoing issues with Baghdad over oil payments.
A recent Deloitte report states that Iraq still offers numerous investment opportunities despite complicated tax laws.
The Dubai Motor Show will be at the Dubai World Trade Centre from November 10-14, showcasing the latest green technologies in the auto industry.
Huawei's storming the Middle East with its mid-range smartphone with a top-end feel.
Investment aimed at improving participation in manufacturing, energy, healthcare and education sectors and improving diversification.
The Saudi Arabian billionaire first invested in Twitter in 2011.
One Palace Street is added to portfolio that includes New Scotland Yard, purchased last year.
Still in the planning stages, the ambitious GCC raillway is unlikely to meet the official 2018 launch date.
Combat stress to improve your overall health and working life.
October 6, 2015
Lebanon has designated four Lebanese and international banks to co-manage the issuance of $1.3 billion in new eurobonds, sources said Monday.
An IT security company has expressed concern that most people in the UAE are underestimating the threat of cyber security attacks
The Haramain train, linking the holy cities of Makkah and Madinah as well as the business city of Jeddah, will transport more than three million passengers a year.
The apartment prices in Dubai, UAE have fallen 11 per cent in the past one year and will decline further because of tighter regulations, rising inflation and a strong UAE currency, said a report.
Google has offered small-sized Egyptian businesses and start-ups discounted prices for purchasing Google’s applications through “Google Apps for Work”. It dropped the cost of the business-application bundle from $50 per person per year to only $30.
A new report examines public pension funds for nationals and expatriates, and suggests that it's time for a rethink.
The Trans-Pacific Partnership lowers trade barriers between the US and 11 nations, but the deal awaits approval from the US Congress.
Kuwait's Arab Fund will finance the deal which is part of the Jordan 2025 vision for commercial development.
Cut the cost of living with careful spending in order to save, while enjoying what life has to offer.
Ban was introduced last month when reports indicated consumption exceeded production.
If losing your connection hub is a major concern, check out these models which scored highly for long-lasting batteries.
Banks are struggling to keep up with the digital revolution, with customers expecting a seamless delivery of services across various online channels.
Establishing and maintaining a good professional relationship with your manager can affect short and long term success career success.
October 5, 2015
A developer confirmed Monday that a tennis stadium will be built at the 360 Mall in Kuwait. The project will begin next month and should be completed in 2019.
Samsung Electronics on Saturday unveiled its Galaxy Gear S2 smartwatch for the first time in the Middle East at the 25th anniversary edition of Gitex Shopper in Dubai.
2016 will be a crossroads for Islamic finance, according to Standard & Poor’s Ratings Services (S&P). Falling oil prices and low interest rates internationally present a challenge, while the standardization of Islamic finance products
A coalition of trade and teachers' unions Monday declared a general strike for Oct. 20, 26 and Nov. 4 to bring attention back to their four-year-long struggle for wage hikes.
Saudi Arabia plans to combat cyber crime by stiffening punishments for offenders. The proposed amendments include imprisonment for a maximum period of 10 years and fines with a ceiling of SR10 million (USD2.67 million).
While the Middle East still has one of the lowest break-even prices for crude oil, falling oil prices will put pressure on fiscal budgets and could result in a knock-on effect as governments reduce spending on certain projects.
Rotana grabs a bigger share of Saudi Arabia's hotel market, the largest in the Arab world.
Looking to exploit the potential of Iran's promising car market, VW officials joined German reps from Daimler, Siemens, BASF and tourism officials on a fact-finding visit to Iran.
'Karpowership' contracted by state-run EDL denies registering over 50 Turkish professionals under fraudulent job titles.
The event will be examining the seven core pillars within the Islamic economy, including halal tourism and Islamic finance.
Bridges contract is for the 25 million sq foot project which will include Motiongate, Bollywood Parks, and Legoland Park and Legoland Water Park.
Ethiopia's latest meeting with Sudan and Egypt to resolve building of Africa's largest hydroelectric power plant has been postponed again.
Finding the right bank can make a huge difference when settling in to a new life. Choose wisely!
Work, like life, is busy. Make the most of what matters by managing your time effectively.
October 4, 2015
Egypt's Consumer Protection Authority (CPA) banned an Etisalat ad for featuring domestic violence.
The 9th edition of Luxury Motor Show (EXCS), the prominent luxury motor show in the Middle East, is expected to reveal most important automotive industry technologies and trends and host premier luxury models of 2016.
An investment camp for youth will kick off tomorrow, October 5, to encourage those interested in trade and investment.
There are nearly 6,000 ultra high net worth (UHNW) individuals in the Middle East with a combined net worth of $995 billion, according to a Wealth-X study. Forty-five percent of these individuals live in Saudi Arabia and the UAE
Egypt signed an agreement on Sunday with the World Bank for a $550 million loan to fund the country's rural sanitation project.
Gulf nations are being expected to open doors, and not just their wallets, to help the refugee crisis.
Mohammad Bin Rashid Al Maktoum Global Initiatives is an umbrella organization that will focus on spreading knowledge; combating poverty, empowering communities and innovation for the future.
Deal with the German industrial company is part of a $1.7B much-needed plan to boost Egypt's power grid.
Short-term visas to the UAE can now be obtained 24/7 via the Ministry of Interior's website or smartphone app.
These are the top ten trends at Gitex Shopper 2015 in Dubai, an eight-day shopping fest of the best technology on the market.
Abou Merhi is a well known Shia businessman who controls the Abou Merhi Group, a company that is on the sanctions list.
Going the extra mile with a little grammar and vocabulary revision before your interview could land you the job.
Want to travel in style for less? Check out these tips on how to enjoy the perks without the payout.
Mauritania prevents nearly 1000 women from departing for domestic jobs in Saudi Arabia.
October 2, 2015
Ahmed al-Asir was detained last month on charges of fighting against the Lebanese army.
The explosion cut electricity to the Rafah district in the Strip, worsening an energy crisis.
The retirement delay would keep Commando Regiment Chief Brig. Gen. Chamel Roukoz in his post.
The financial package was announced Wednesday on the sidelines of the UN General Assembly in New York.
The five friends were heading to Eilat in August 2012 when they were told one of them needs to get off the plane.
Dieter Poetsch will take over as the company's new board chairman.
Economies around the world may not have shaped up the way we expected this year.
October 1, 2015
Gulf Keystone Petroleum said the reserve in northern Iraq's Shaikan oil basin contains at least twice as much recoverable oil as expected.
Low oil prices are driving diversification efforts, and Saudi Arabia thinks tourism may be the most lucrative solution.
Bedouin tribes are claiming ownership over the site of a projected tourism complex at the Dead Sea, slated for completion in 2019.
A Kapersky Lab poll indicated the prevalence of cyber hacks that could cost MENA companies an average of $500M to contain.
Saudi investors are shutting down lingerie and womens fashion shops, citing difficulties in retaining female staff.
US Deputy Secretary of Energy is met with her Emirati counterpart to reinforce commitment to tackle energy security and climate change challenges.
Another $30B in contracts for infrastructure is up for grabs as Qatar scrambles to complete projects ahead of the 2022 World Cup.
While the UAE puts in a strong performance at 17th, Lebanon is ranked at 101 out of 140 countries for global competitiveness.
Passenger was barred from purchasing a Kuwait Airways ticket due to booking system's rejection of all Israeli passports.
As of July Daesh raised $8 million to $10 million every month through oil and gas smuggling.
The social media giant faced its slowest user growth this quarter since the company went public in 2013.
Iran's oil ministry said the cabinet approved a draft deal that outlined contracts for exploration, production and development.
The country said it closed 36 clinics and 47 medical labs operating without licenses.
The Egyptian oil minister said the country will sign an agreement with Kuwait Energy to search outside its borders for the first time.
State-owned Israel Broadcasting Authority's economic reform has left the station with only two of its full-time staffers.
The money would be focused on the UN refugee agency and World Food Program.
September 30, 2015
A recent poll asked Egyptians to rank 26 countries from friendly to hostile. Guess who came out on top?
The government said it plans to complete its financial settlements with its contracted companies.
Labor Ministry credits reforms intended to increase 'Saudization' for spike in Saudi women employed in the private sector.
Rewards programs need to add up, and there are no exceptions for banks and credit card providers.
The hostages were employees of Turkish construction firm Nurol Holding, and had been held captive in a Baghdad suburb.
Qatar Investment Authority opens a NY office and commits $35B to expand its American portfolio.
The gas-fired Az-Zour North power and desalinated water plant is part of a $10B plan to build more power infrastructure.
Lebanon and Italy signed an agreement with UN Office on Drugs and Crime to make much needed improvements in the conditions of Lebanese prisons.
Social media networks can open or close doors before you get anywhere near your desired job, so use the channels wisely.