Housing Ministry asks for higher percentage of residential units than previously agreed, says source.
Bank of Khartoum, an Islamic institution which is Sudan's biggest privately owned bank, plans to open a wholesale banking branch in Bahrain.
At the end of the day, introverts need to play to their strengths and not shy away from them.
The richest five people in the UAE, with a combined net worth of $21.7 billion (Dh79 billion), have made it to this year’s Forbes World’s Billionaires List.
Online etiquette and the correct way to behave on social media will be the focus of a major youth conference opening in Bahrain next week.
In a statement, Chebib said all illegitimate aesthetic centers in Beirut would be shut down until they obtain legal status.
The much-anticipated devices were launched by the Korean manufacturer ahead of the Mobile World Congress in Barcelona.
Fiscal deficits arising from low oil prices and funding needs for infrastructure projects are unlikely to boost sovereign sukuk issuance from the GCC region.
The report found that between August 1 and December 31, 61 per cent of handsets registered on the UAE’s networks were smartphones.
Oil rebounded by more than $2 towards $62 a barrel on Tuesday as fighting in Libya, stronger equity markets and firm demand helped Brent futures recover from their biggest one-day loss in a month.
“Initially we set the deadline for 2018…but some countries might not deliver on time,” said Abdulla Belhaif Al Nuaimi, minister of public works and chairman of the FTA.
Last year, Kuwait had awarded KD7.3 billion ($25 billion) worth of contracts. It was almost four times as much as in 2013 and more than the last three years combined, stated MEED Projects in its report.
Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.
Sherif Ismail outlined several measures intended to stave off Egypt's worst energy shortages in decades, including launching a new round of talks to secure LNG until 2020.
Jordanian billionaire Ziad Manasir slipped in annual ranking of global billionaires released by Forbes magazine this week.
The agreement marks one of the world’s first joint planning frameworks between a telecom operator and an ICT vendor to develop 4.5G services,
March 3, 2015
Iran could begin natural gas exports to Iraq in May if security conditions improve, Iranian oil ministry website Shana quoted a senior official as saying.
Turkey's Borsa Istanbul has decided to go public, it said in a statement on Tuesday, in an offering that will see the $220 billion stock exchange sell up to nearly 43 per cent of its capital.
Investment climate in Egypt is improving and the country will be back on economic recovery if the new policies for the economic growth are implemented,
Google will soon be offering cellular network plans in a bid to bridge the gap between the realms of Internet services and mobile device software it dominates.
The dollar hit an 11-year high against a basket of major currencies on Monday, with the greenback gaining a broad lift after an interest rate cut.
C-suite talent is scarce. This is why sourcing C-suite executives has become a global process.
Egypt has unveiled plans to build a 200-m-high pyramid skyscraper, Zayed Crystal Spark, on an 798,000 sq m area at Sheikh Zayed City in Cairo.
Supplies are plentiful and the market may be more worried about longer term consequence
Saudi Arabia's market regulator is investigating possible insider trading in shares of telecommunications operator Mobily relating to its shock earnings restatement.
Samsung ramped up its camera technology in last fall’s Galaxy Note 4, and the camera is even better in the Galaxy S6 and S6 Edge announced Sunday.
UNHCR figures indicate that 53 per cent of Syrian refugees in Jordan are below 18 years old.
Dubai-based Emirates Airline has announced the launch of a new daily service to the island of Bali in Indonesia.
It’s estimated that around 40 percent of Saudi dealers in the forex market are incurring losses due to their ignorance in currency market tools.
Egypt has obtained $23 billion in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months since Islamist President Mohamed Mursi was ousted.
Egypt’s stock market rebounded on Monday after bullish comments from government officials and executives and signs that the planned parliamentary election will go ahead soon.
March 2, 2015
President Abdel Fattah Al-Sisi is set to present the “Sustainable Development Strategy Egyptvision 2030” during the March Economic Development Conference.
Bahrain’s central bank governor has warned of a possible slowdown in economic activity in the Gulf state due to the current volatility,
Oman plans to make its first sovereign issue of Islamic bonds, a OMR200 million ($520 million) issue, by mid-2015 to help finance a budget deficit caused by the plunge of oil prices,
Emaar Properties PJSC, the city’s largest developer, reported an 18 percent drop in revenue from property sales last year compared with 2013.
Diaspora Jews it seems are more concerned by the security situation in Israel, than in their own countries.
People often use the terms ‘conflict’ and ‘hostility’ interchangeably, but there is a difference between them.
Turkey is headed toward a major economic crisis, warned former United Nations Development Programme (UNDP) Turkey Director Bartu Soral.
The acquisition is the latest in a string of eye-catching European purchases for Qatar, which already owns London department store Harrods and top French football club Paris Saint-Germain,
Don’t Lebanese deserve to enjoy the same things that people in other countries take for granted?
But first they’ll have to decide what 5G needs to do that the current, fourth generation of wireless networks can never offer.
Turkish Central Bank Governor Erdem Basci sought to calm jittery investors, appearing to dismiss rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.
The project will be privately funded by an "investor developer" and possible international partners and will cost $75 billion to $80 billion over 12 years.
March 1, 2015
German sports car manufacturer Porsche will celebrate the world premiere of two extreme sports cars at the 2015 Geneva International Motor Show.
This is a move many in the region will see as another sign of Tehran’s growing influence in the Arabian Peninsula’s poorest country.
The government’s reserves and deposits with the Saudi Arabian Monetary Agency (SAMA) dropped at the end of January to SR1.39 trillion ($ 37 billion), the lowest level in 21 months.
Your CV might have the best content, but if it isn’t designed in a professional manner, it won’t grab the attention of the person reading it.
Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report.
Iran said on Sunday that it is ready to cooperate with Google to facilitate its services in the Persian Gulf region.
The opportunities that online education tools provide in terms of student assessment, engagement and education outcomes was discussed at the recently concluded 2015 Global Education Forum in Dubai, UAE.
A push by three US airlines to curb competition from Gulf state carriers has exposed divisions over free trade with other powerful US aviation players.
The expatriate community costs Bahrain a total of BD344.292 million ($907 million) every year – a monthly average of BD28.910 million ($76.2 million), said a report.
In a modern financial sphere governed by the forces of innovation, diversity and progress, brokers and banking institutions can afford no room for the absence of Islamic Finance.
E-commerce is indisputably the battlefield upon which retail companies are duking it out to become the brands of the next decade.
While choosing from a plethora of credit cards in the market, consumers should choose one which supports their lifestyle and at the same time gives them the flexibility of using their reward points anywhere.
OPEC kingpin Saudi Arabia is feeling vindicated after a strategy of allowing oil to flood the market has begun to achieve what it was aiming for.
An already-fragile Turkish lira hit a historic low of 2.5280 against the US dollar on Friday following fresh verbal attacks from President Recep Tayyip Erdoğan.
Dubai has announced the launch of a massive campaign, consisting of art sculptures and paintings, to increase public awareness about the impact of hosting Expo 2020.
February 27, 2015
A Dubai developer plans to recreate a tropical rainforest under a dome in the desert sheikhdom, adding to a collection of spectacles that include an indoor ski slope and the world’s tallest building.
Israel intends to invite oil companies to bid for 10 oil blocks in the Golan Heights that are 60 kilometers away from the Lebanese border.
Egypt's military could help build an industrial hub around a new Suez Canal, the project's manager said, the first suggestion that the armed forces may play an important role in the huge investment venture planned alongside the new waterway.
February 26, 2015
Jordan and Israel signed a deal on Thursday to build a pipeline to link the Red Sea with the shrinking Dead Sea and combat regional water shortages.
The latest came from UAE-based Mashreq, which announced on Thursday the launch of a ‘selfie’ credit card, in a bid to capture younger customers.
Up to 40 per cent of HR directors plan to recruit staff in the UAE in the first six months of 2015, with their companies set to add new positions, according to a new study.
The United Arab Emirates’ civil aviation regulator has given approval for local carriers to resume flights to Baghdad.
A proposal by Qatar's Investment House for a QR750 million ($206 million) flotation of an agricultural firm has been shelved by regulators.
Opec kingpin Saudi Arabia is feeling vindicated after a strategy of allowing oil to flood the market has begun to achieve what it was aiming for.
Plans for the multi-million dinar development of Bahrain's east coast are being drawn up with one eye on the Fifa World Cup due to take place in Qatar in 2022, a report said.
Iran has started work on its €2.4 billion ($2.73 billion) high-speed railway network, which will extend about 400 km from capital Tehran to the city of Isfahan, said a report.
We’ve been hearing for some time that Dubai rents are going to drop by about 5 per cent this year, but new data released by a property consultant on Sunday showed that a few locations have already started to see a slight decline in rates.
There are growing signs that Dubai may be considering an Olympic bid in the near to medium term.
Following last year’s surprise move by Opec (Organisation of Petroleum Exporting Countries) to counter the growing US shale oil industry, crude prices have plunged to below $55 a barrel.
The Ministry of Tourism and the Egyptian Tourism Promotion Authority (ETPA) are set to launch Thursday evening a promotional campaign entitled “Misr Qareeba” (Egypt is Close).
QAIA has registered unprecedented improvements in all 36 listed services and facilities in both categories.
Yemeni ex-president Ali Abdullah Saleh is suspected of corruptly amassing as much as $60 billion, equivalent to Yemen's annual GDP.
February 25, 2015
A team from the International Monetary Fund (IMF) is carrying out a two-week review of Jordanian economic reforms.
In fact, there is no such thing as normal. Or to put it another way: normal is the messy, inconsistent way we get through life.
Shale oil producers are throttling back so quickly on drilling that US crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Gulf rivals.
As Saudi Arabia has this key difference, it is important to understand the essential principles guiding construction contracts in the kingdom.
Tuesday's recommendation to stage it over November and December is probably the best option for all -- even though Europe's major clubs disagree.
U.S. drone makers are expecting a surge in sales of military and civilian drones to Gulf states after the State Department eased export rules last week.
Mobily’s rise was remarkable. It turned profitable in 2006, a year after launching operations, and annual profits soared 854 per cent between then and 2013.
Turkey's flag carrier Turkish Airlines said on Wednesday it plans about $3.74 billion worth of investment this year, including spending plans by its subsidiaries.
As the Gulf region continues to grow and businesses expand, we are seeing huge competition for new talent and a focus on sustainable labour costs.
Figures showed an increase in housing and utility prices in all the GCC countries in December last year when compared with 2013 figures.
Ooredoo Kuwait, the country’s No.3 mobile operator by subscribers, blamed on Monday foreign exchange losses, investments in Algeria and restructuring costs in Tunisia for wiping out its fourth-quarter profit.
US politicians are pushing to lift the country’s ban on crude oil exports, a move that if successful would challenge Saudi Arabia’s long held dominance over the global oil market.
"Markets are calm now ... demand is growing," Al-Naimi told reporters on the sidelines of a conference in the port city of Jizan, southwest Saudi Arabia.
what makes Dubai stand out is the Dubai Smart City initiative, which aims to make Dubai one of the world’s best-connected, smartest, and happiest cities by 2017.
The supply of an estimated 14,000 new residential units in 2015 is expected to soften Dubai’s rents that had soared by up to 65 per cent since 2011.
Themed "Internationalisation Strategies for Islamic financial Institutions," the meeting was attended by senior Islamic bankers and international experts from more than 15 countries.
February 24, 2015
The Central Bank of Jordan (CBJ) said Monday it was working on several fronts with various stakeholders to facilitate extending credit to small- and medium-sized enterprises (SMEs).
Eighty nine percent of respondents in the Middle East and North Africa (MENA) consider creativity and innovation to be an important part of their life
It is not uncommon for people to misunderstand the cost of living of a place to which they are relocating, returning or visiting.
With sector sales volumes dipping, new demands are placing an extra burden on them
Egypt hopes to halt liquefied natural gas imports in 2020, Oil Minister Sherif Ismail said on Monday, as projects to develop its own gas fields are completed.
The United Arab Emirates (UAE) has signed a combined Dh9.48 billion ($2.58 billion) of defence deals on the first two days of the International Defence Exhibition and Conference (Idex 2015),
The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date,
Obi Mobiles, co-founded by former Apple CEO John Sculley, is among the seven most popular smartphone brands in the UAE market.
More than half of business and government leaders in the Mena region identify cyber security as a strategic priority, compared to only 23 per cent in the US and 36 per cent in UK/Europe,