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The basis for negotiations is an estimated supply of not more than 4 BCM (billion cubic meters) of gas annually for 10-15 years. (Shutterstock)
12:40 GMT
US Noble Energy and the partners in the Leviathan gas discovery have signed a letter of intent with Egypt's Dolphinus Holdings
Non-traditional perks include subsidized wellness programs and flexible working arrangments. (Shutterstock)
12:18 GMT
Attracting and retaining top talent and getting employees motivated doesn't always have to involve a generous salary and benefits package.
Governments are urged to pass cyber-specific laws and establish procedures for breach reporting. (Shutterstock)
12:00 GMT
A new report has seen a doubling in cybercrime in the first half of 2015, with the energy and telecom industries being the most targeted.
The oil market has been on the defensive in recent months amid uncertainty about how quickly the global glut of crude is set to shrink. (Shutterstock)
11:25 GMT
As OPEC prepares to convene on December 4, Saudi Arabia has pledged to work towards stabilizing the market, but analysts doubt that there will be plans to cut production.
The circumambulation area around the Holy Kaaba has been undergoing renovation for almost three years. (Skyscraper City)
10:55 GMT
Some 35,000 workers are putting the final touches on the circumambulation area and northern plazas of Mecca's pilgrimage site.
The attacks in Belgium and Paris, the downing of a Russian plane over Turkey and a US travel advisory weighs heavy on the markets. (Aleqt)
10:26 GMT
Global markets, travel and hospitality stocks slump in the wake of recent high-profile events.
Somalia's mahogany trees provide charcoal for the Middle East's shisha smokers.
08:01 GMT
Ahead of the climate change conference in Paris, Somalia claims that its forests have been destroyed to cater to the Middle East's hubbly bubbly obsession.
Egypt is hoping to formalize an additional $1.5B in loans from the World Bank and African Development Bank by the end of the year. (Shutterstock)
07:11 GMT
The Kuwait Fund for Arab Economic Development have agreed to a five-year financing agreement that will boost housing and power projects.
The Cyprus exploration has raised Lebanon's hopes that their hydrocarbon industry will also attract developers. (Shutterstock)
06:42 GMT
The new British Gas plans to develop Cyprus' hydrocarbon industry has given hope to Lebanon for future spoils - but can they overcome political obstacles?

November 24, 2015

Fakih IVF is looking to expand within the UAE and the GCC region. (Courtesy of
22:18 GMT
Abu Dhabi-based NMC Health announced that it has entered into an agreement to acquire a 51 per cent shareholding in Fakih IVF Group for Dh696 million.
Glowork seeks to empower Saudi women in business in Saudi Arabia. (LinkedIn)
21:52 GMT
Glowork, a Saudi agency that matches job-seeking Saudi women to jobs online, took home the social entrepreneurship award at the second iteration of the 2015 Emirates Award for Arabian Gulf Youth.
The investment will be used to produce oil equipment locally in Egypt. (Al Bawaba/File)
17:22 GMT
China Petroleum and Technology Development Corporation (CPTDC) intends to invest approximately $10m in Egypt, Li Qitang, Egypt’s chief office representative, told Daily News Egypt.
Sharjah will be the first location in the Middle East to have smart bins with Wi-Fi. (Twitter)
16:37 GMT
The UAE plans to install innovative solar-powered bins across Sharjah that double as hotspots, in line with the country's Innovation Week.
Star Wars: The Force Awakens is due to open in Abu Dhabi on December 17. (Mashable)
14:26 GMT
Jedi or Sith? Join the fun ahead of the Star Wars: The Force Awakens premiere, by logging in to your Chrome browser and changing the look of your apps.
The study found that wearable banking will witness a faster adoption rate than mobile banking. (File photo)
14:00 GMT
A new study by Juniper Research has found that the future of banking includes the use of apps accessed via smartwatches.
UAE Innovation Week is hosting 900 activities across the country  to foster innovation across education, health, judiciary, human resources and other sectors. (Twitter)
13:00 GMT
The new initiative will provide funding and loans to innovators working in collaboration with UAE financial entities as part of a nationwide sustainable development strategy.
Front Row Filmed Entertainment are the Middle East distributors for the latest Drew Barrymore and Toni Collette rom-com, 'Miss You Already'. (Facebook)
12:00 GMT
The media group continues its push into movies and entertainment content with a new deal with the Dubai-based Middle East film distributor.
FGB has slashed nearly 100 jobs in the UAE last week, with plans to cut 15,000 jobs globally by 2018. (UAE Interact)
10:40 GMT
First Gulf Bank, the UAE's third largest lender, follows Standard Chartered and HSBC in cutting jobs in response to worsening economic conditions.
An estimated 15 percent of smartphone users in Saudi Arabia are using apps for free calls. (Gadgets.Ndtv)
10:18 GMT
Saudi Arabia's Communications and Information Technology Commission quashes rumors that free net-based apps such as Tango and Whatsapp would be blocked.
Iran's economy is more diversified than that of the UAE, according to the IIF. (Shutterstock)
09:37 GMT
Washington-based Institute of International Finance expects Iran's economy to increase by six percent in 2016, compared to MENA's combined growth projection of three percent.
Jordan's Google images now joins MENA landmarks Dubai's Burj Khalifa, Egypt's Pyramids of Giza, Abu Dhabi's Liwa Desert and Sheikh Zayed Grand Mosque. (Engadget)
09:02 GMT
Petra and the Dead Sea are some of Jordan's wonders now available as part of Google's Street View Special Collects.
Industry experts are moving quickly to seal deals with Egypt. (Shutterstock)
06:16 GMT
Egypt's major gas discovery may lead to future self-sufficiency, but in the immediate term, Israel may still meet Cairo's needs.
Bilateral trade volume  between Jordan and the UAE exceeded $1B last year. (Ciel Voyages)
05:51 GMT
Officials from the UAE are headed to Amman this week for the first bilateral economic forum aimed at exploring ways to boost investment opportunities between the two countries.
When it comes to credit card offerings, the range of options entails a close eye on benefits and fees. (Pixabay)
05:00 GMT
Ask the right questions and make informed choices when it comes to selecting and maintaining a credit card.
Arrive early for set up and be less intimidating by standing in front of, or beside the table. (LinkedIn)
05:00 GMT
With so many people to meet and greet, it pays to prepare for job fairs in advance.
Emirates group is exploring the possibility of using driverless cars to transport parts between the hangars. (Wikipedia)
00:23 GMT
Emirates, the world’s biggest airline by international passenger traffic, conducted a trial using a drone to inspect an aircraft earlier this year and is now looking at using driverless cars as it explores new ways to improve efficiency.
Though GCC governments depend heavily on oil revenue, declining oil prices are pressuring them to diversify their sources of revenue. (Al Bawaba/File)
00:03 GMT
With the current oil price being lower than the breakeven oil prices, the fiscal surplus of GCC countries, which stood at 4.6 per cent of the combined gross domestic product in 2014, is expected to turn into deficit to the tune of 7.9 per cent of GDP in 2015.

November 23, 2015

Lulu Group is a hypermarket chain based in Abu Dhabi. (Wikimapia)
23:26 GMT
Middle Eastern retail major Lulu Group is in the final stages of starting its operations in Malaysia with the first hypermarket slated to open in February 2016 in Kuala Lumpur city (Jalan Munshi Abdullah), the company said in a press statement.
The initiative provides scholarships to 2000 Egyptian students. (Twitter)
14:00 GMT
The first 250 out of a projected 2000 trainees have graduated from the online initiative, which aims to empower Egyptian youth while boosting Arabic online content.
Saudi Arabia's booming hospitality market is a big draw for luxury hoteliers. (Facebook)
13:24 GMT
Jumeirah, part of Dubai Holding, has 23 hotels across the globe but plans 100 hotels by 2020, with Saudi Arabia being top priority.
The cheekily named free app was created by an Iranian university student. The Emad missile. (Today in Pakistan)
12:54 GMT
University student Arshia Badi created the free app for Android, which has pictures and descriptions of Iran's missiles.
The workshop also focused on implementing standards to prevent the exploitation of the charity sector to finance terrorist activities. (Shutterstock)
12:36 GMT
International delegates convened under the theme of 'Charitable Donations; Combating the Financing of Terrorism and Violent Extremism'.
The figure of three billion barrels of oil and refined products stored, while technically accurate, is still misleading. (Shutterstock)
11:03 GMT
Despite the high volume of crude petroleum and refined products being stored by oil firms globally, these numbers be understood in context.
Wuzzuf is in partnership with 5000 companies and has helped 55,000 people find jobs via its website. (Facebook)
10:19 GMT
Following a two billion dollar investment, plans to reach one million users by 2020, with ambitious expansion plans in the UAE and Saudi Arabia.
Turhan argues that Islamic finance has a part to play in supporting infrastructure in emerging markets. (Pixabay)
09:36 GMT
The instruments of Islamic finance offer a more secure approach to debt than western finance, according to a Turkish economist and parliamentarian.
Yemen is the lowest-ranked country on the index, but Egypt has not shown any improvement in the political empowerment of women since 2006. (Pixgood)
09:04 GMT
Can you guess which MENA country nabbed a spot among the worst countries for women's empowerment?
A strike by oil and gas trade unions was averted after successful negotiations. (
08:00 GMT
Companies must find new ways to cope with the oil slump without firing local staff, as previously laid-off workers return to their jobs.
In addition to personal recommendations, look at independent experiences that are similar to your needs. (File photo)
07:00 GMT
It's easy to rely on friends or family for financial advice, but the wealth of information available online should also inform your decision making.
The new EU guidelines on labeling products made in Israeli settlements has been met with anger by the Jewish community in Germany. (CPP Luxury)
05:42 GMT
The Berlin department store bows to pressure over pulling its settlement-produced wines off the shelf on Saturday.
Working in a team improves personal communication skills and helps exchange of information. (Shutterstock)
05:00 GMT
Fostering a spirit of teamwork is beneficial for your career as well as for the company. Here's why.

November 22, 2015

House sales to foreigners in Turkey increased 19 per cent year-on-year in the first nine months of 2015. Image used for illustrative purposes. (AFP/File)
23:00 GMT
Investors from the Gulf Cooperation Council are among the biggest international investors in Turkey’s real estate market.
Our aim is to celebrate the last oil barrel we export because we will be prepared for that day when it comes," said Sheikh Shaikh Mohammed bin Rashid Al Maktoum. (Al Bawaba/File)
21:03 GMT
The UAE announced a plan to invest over Dh300 billion ($81.7 billion) and includes new national policies in legislation, investment, technology, education and finance. Its goal is to build a vibrant knowledge economy in the UAE.
The International Finance Corporation is a member of the World Bank Group. (Al Bawaba/File)
20:22 GMT
Dubai-based e-commerce retailer has received $27m in funding from the International Finance Corporation – a member of the World Bank Group – and the IFC Asset Management Company.
Roughly 416.9 million people in the Middle East and Africa currently use the internet at least once per month. That figure is expected to rise to 575 million by 2019. (Al Bawaba/File)
20:04 GMT
Beirut In, a leading online solutions agency in the Middle East, says that digital marketing provides a glimpse of what the future would look like for SMEs in the region.
Legoland Dubai will open in October 2016. (Legoland)
12:32 GMT
With new players entering the UAE's leisure market, the industry is pressing ahead with plans to become an international entertainment destination, but there will be challenges.
Use social media and apps to help you achieve your fitness goals.
11:59 GMT
As winter closes in, use these apps to get motivated and get off the couch.
Tackling unemployment also requires educational reform, according to Shaikh Mohammad. (
11:31 GMT
World Bank figures report that 54 percent of MENA youth and seventy-five percent of MENA women were unemployed, placing pressure on Arab governments to find a solution.
Analysts are watching how the Chinese Yuan and the Saudi Riyal will perform against the US dollar in 2016. (File photo)
10:51 GMT
A new Bank of America Merrill Lynch report warns that $30 per barrel oil prices could accelerate the drain on Saudi's foreign reserves, which have already been falling at a rapid rate.
Stars of Science will return next year for Season 8, and will accept applicants aged 18-35 years old. (MBC)
10:19 GMT
Judges and television viewers voted the Yaman Abou Jieb as the winner of the edutainment show, supported by the Qatar Foundation.
Low oil prices require spending cuts, but half of Oman's government spending relates to wages and subsidies. (File photo)
10:01 GMT
Negative outlook for Oman as Standard & Poor cuts the sultanate's ratings from A- to BBB+ in light of widening deficit.
Fight the guilt about not being able to give 100 percent to everything you do. (Shutterstock)
09:37 GMT
Meeting the demands of your career and personal life will always entail some juggling, but it's about setting priorities and taking care of yourself.
When growing your investments, there are always risks involved. (Shutterstock)
09:08 GMT
How you manage your money can affect your quality of life. Here are eight essential financial basics.
Saudi Arabia is hoping that the new tax will bring housing prices down as more properties are developed. (Ventures on Site)
08:48 GMT
A new tax on undeveloped land will rake in an estimated $50 billion and is intended to force land owners to fully develop land and solve the housing shortage.
The US TSA committee banned the transportation of commodities on passenger airplanes and mandated commodities to remain in Cairo Airport for 48 hours and in the transit country for another 48 hours. (Google+)
06:35 GMT
EgyptAir will prohibit the transport of goods on its passenger aircraft to London and the US, in a move prompted by the US Transport Security Administration after the Russian air crash.
A model rendering of the completed Grand Renaissance Dam. (
06:03 GMT
The 10th round of negotiations between Egypt, Sudan, and Ethiopia have been pushed back again, as construction presses ahead.
Kaufhaus Des Westens (KaDeWe) is Europe's largest department store. (Redjon)
05:48 GMT
Berlin's KaDeWe has removed wines produced in Israeli settlements in keeping with new EU product labeling guidelines, prompting criticism from the country's Jewish community.

November 19, 2015

The list was selected from the Forbes Global 2000 companies. (Twitter)
22:30 GMT
Forbes Middle East unveils its list of Top 100 Executives in the Middle East.
King Fahad National Library, the largest library in the Middle East, was recognized as an innovative, flexible, and environmentally-friendly building. (Twitter)
21:57 GMT
The Riyadh-based King Fahad National Library (KFNL) was picked as the best architectural work in 2015 by global A+Award program, according to an online report.
"We believe stock selection (rather than market selection) is becoming more crucial and advocate a focus on quality and mispriced opportunities," advised expert Hootan Yazhari, noting that multiple MENA markets offer strong opportunities. (Al Bawaba/File)
18:12 GMT
GCC equity markets are looking increasingly attractive after the broad based sell off since the summer.
Palestinians are currently limited to 2G technology, while Israeli settlers have access to 3G. (Al Bawaba/File)
16:41 GMT
Israel and the Palestinian Authority on Thursday signed an agreement to enable long-awaited 3G mobile access in the occupied Palestinian territory.
Fans are gearing up for next month's Dubai Rugby Sevens. 2003, 2006, 2008 and 2014 winners South Africa. (Gulf Luxury)
14:00 GMT
The sports industry accounts for 0.8 per cent of Dubai's GDP and employs roughly 14,500 people, according to Deloitte’s Sports Business Group.
Since Opec decided against reducing production in November 2014, global oil demand has recovered strongly according to Barclays. (Shutterstock)
13:30 GMT
Barclays' bullish forecast for rising oil prices is cause for optimism, with the UAE's energy minister standing by OPEC's decision to continue production.
The head of the World Bank Global Islamic Finance Development Center says that it's possible for emerging markets to make use of other countries for international issuance, even when the domestic legal conditions are not there. (Twitter)
13:00 GMT
A World Bank expert has told G20 participants that emerging markets can easily harness international Islamic finance by establishing correct legal structures.
The education sector was followed by the oil and gas industry as the hardest hit sectors fro growth in the UAE. (UAE Interact)
11:00 GMT
The Monster Employment Index has revealed that while banking, telecoms and financial services saw 30 percent year on year growth, education has suffered a 22 percent slowdown.
A tunnel in King Abdullah Street, Jeddah during the 2009 flood which killed 122 people with over 350 reported missing. (Wikipedia)
11:00 GMT
As parts of the country recover from heavy flooding that killed eight people, an environmental expert warns that the Kingdom's dams can't hold floodwaters due to poor maintenance.
The Gate Mall, West Bay Doha. Malls previously scrapped the controversial policy, but Qatar's municipality has re-opened talks to re-institute it. (Pirancafe)
10:00 GMT
Critics complain that Qatar's families-only policy in malls on workers' only day off is subject to inconsistent application and racial-profiling.
In addition to the eight Blackhawks, the US has provided firearms, ammunition and F-16 fighter jets to Jordan this year. (Facebook)
09:00 GMT
The first three out of an expected eight Blackhawk helicopters from the US were received by Jordan, as part of the ongoing military cooperation between the two countries.
Eco-tourists headed for guesthouses in rural areas in September and October while Beirut continued to grapple with the trash crisis. (AFP/File)
08:40 GMT
Despite worldwide coverage of Lebanon’s trash crisis, the country saw a fair demand for environmental tourism, according to the Ministry of Tourism.
On 10 November 2015, Microsoft released a security update to mitigate the security vulnerability exposed by Haken. (Shutterstock)
06:11 GMT
A researcher has found '100 percent success rate' for hacking into the system that uses BitLocker, the data encryption feature.
Jumeirah Inside works across desktop, table and mobile devices and is available in five languages. (Shutterstock/ISchmidt)
05:52 GMT
A new collaboration between Google and the Jumeirah Group gives you a 360° video interactive experience inside the world's tallest hotel, in an industry first.
Use pauses to assess whether your audience is following, and to give them a chance to process the information. (Shutterstock)
05:00 GMT
At some point in your career, you may have to sell an idea, give a briefing, or show off your expertise. Here's how to keep your audience awake.
Interest on the account balance is calculated daily based on the number of steps logged. (File photo)
04:49 GMT
Emirates NBD’s Fitness Account is a new savings account that allows you to earn more by increasing your physical activity.

November 18, 2015

Egyptian President Sisi reshuffled the CBE board just before the expiration of the existing board on November 26. (Al Bawaba/File)
22:17 GMT
President Abdel Fattah Al-Sisi issued a decree to reshuffle the Board of the Central Bank of Egypt (CBE), before the expected expiration of the current board on 26 November.
A recent survey found that about 45 per cent of companies provide enhanced end of service benefits. (Al Bawaba/File)
18:45 GMT
Nearly half of companies in the Middle East provide enhanced end of service benefits (ESBs) for their employees, mainly to retain their key talent.
Jordan's Tourism Board hopes to attract Russian tourists to Aqaba and other destinations in Jordan.
17:06 GMT
In the aftermath of the Russian plane crash in Sinai, Jordan hopes to promote the Red Sea city of Aqaba to Russian and British tourists.
Beehive connects investors with businesses looking to grow. (Twitter)
16:37 GMT
United Arab Emirates- based startup Beehive, an online marketplace for peer-to-peer finance, announced that it has helped around 50 small and medium companies in the country raise almost Dhs 25m in the last year.
Last year, Euro Disney reported debts of about 1.7 billion euros. (Pixshark)
15:22 GMT
Saudi's Prince Alwalid bin Talal gives Disneyland Paris a $52.37 million boost, one year after joining a bailout effort.
The pyramid of Khufu illuminated with the French, Lebanese and Russian flags in Giza. (AFP/Khaled Desouki)
14:45 GMT
With MENA's tourism industry in the Middle East is already feeling the pinch, the Paris attacks can have a wider economic impact, according a senior analyst.
Russian tourists awaiting evacuation from Sharm El Sheikh airport. (AFP/Mohamed El Shahed)
13:39 GMT
The majority of Russian tourists have been repatriated from Sharm El-Sheikh following the deadly Metrojet crash, with under 2,500 remaining, according to Russia's transport minister.
The Jaber/Nasib border crossing has been closed since April 2015 due to conflict. (AFP/File)
13:00 GMT
The closure of the Nassib/Jaber border and the absence of government subsidies for maritime exports triggered a drop in Lebanese industrial exports in the first half of 2015.
Industry experts argue that more tour guides and infrastructure improvements are necessary to accommodate more foreign tourists.  (Scta)
12:00 GMT
As the GCC continues study into Schengen-style visas for foreign visitors, industry experts suggest that regional tourism infrastructure needs strengthening.
OSN CEO David Butorac with Warner Bros staff. (Image courtesy of Trade Arabia)
11:00 GMT
The Dubai-based pay-TV network has signed a long-term deal for exclusive access to the Hollywood studio's premium content.
Several energy companies evacuated non-essential staff from northern Iraq last year due to security risks. (Shutterstock)
10:00 GMT
The Kurdistan Regional Government has approved an oil exploration plan that is expected to produce 15,000bpd by next year.
Oil companies are waiting for the Lebanese Cabinet to pass two decrees related to the model of licensing round and delineation of the offshore gas blocks. (Maersk)
09:00 GMT
As Egypt and others press ahead with plans to drill and export gas to Europe, Lebanon's stalled political situation is letting opportunity pass in front of their eyes.
The college will be situated at King Fahd International Airport. (Yamasaki)
08:00 GMT
Construction of the college and a five-star hotel in Dammam is expected to be completed at the end of 2016.
Microsoft has donated $3M to since it was founded in 2013. (Geeksroom)
05:00 GMT
Microsoft's purchase of Minecraft's Mojang has led to a new free tutorial, in a bid to teach kids (and adults) the basics of coding.
In addition to 'The Martian', Wadi Rum has also been used as a film location for 'Mission to Mars' and 'Red Planet' films. (YouTube screenshot)
05:00 GMT
Jordan's new tourism ad capitalizes on the phenomenal success of Ridley Scott's film 'The Martian', in which the Wadi Rum's desert stood in for the planet Mars.
Dimpy Patney Dsouza, HR Manager at Al Gurg Consultants, UAE. (Bayt)
05:00 GMT
HR Manager Dimpy Patney Dsouza of Al Gurg engineering consultants in the UAE shares her tips on hiring and retaining top talent.

November 17, 2015

EasyJet noted that some passengers do not show up for their flight to France (Al Bawaba/File)
23:49 GMT
The French economy minister has reassured business leaders that security measures put in place after the Paris attacks are not designed to paralyse economic activity.
Data users are expected to use 10GB per month by 2021. (Al Bawaba/File)
22:54 GMT
By 2021, Mobile data traffic will experience 16 times the growth it experienced in 2015.
Major upcoming world events, including World Expo 2020 and 2022 FIFA World Cup are taking place in the Gulf. These events call for complex and innovative architectural designs. (Courtesy of Hok)
22:38 GMT
In 2016, the GCC’s construction industry is set to reach a record high of $126 billion
The contracts contain in-country value terms to support growth and industry development in Oman. (Twitter)
21:59 GMT
Petroleum Development Oman (PDO) has signed six contracts worth $650 million for the next ten years, which will boost Omani job and training opportunities, according to a report.
The aftermath of last week's twin suicide blasts in Beirut which left 37 dead and 181 injured. (AFP/Joseph Eid)
15:00 GMT
The global economic cost of terrorism has risen to an all-time high, according to the 2015 Global Terrorism Index.
Non-oil GDP growth in Bahrain is vulnerable to internal political concerns, which has an impact on business optimism. (Shutterstock)
14:00 GMT
Bahrain's budget deficit is expected to widen from five percent of the GDP in 2014 to 15 percent in 2015, according to NBK.
The luxury industry includes luxury cars, hospitality and personal goods which account for 80 percent of the total market. (Champs Elysees Dubai)
13:00 GMT
Currency fluctuations, the rise of e-commerce and tourists heading to Europe are part of a general decelerating trend in the luxury goods market in MENA.
The Royal Oman Police deported a group of 70 illegal workers in August 2015.  (ONA)
12:00 GMT
With illegal foreign labor doubling since 2010, Oman is cracking down to open up more jobs for Omani citizens.
MENA's emerging digital economy is widely seen as a 'game changer' in tackling youth unemployment. (Noonpost)
11:00 GMT
WIth the highest rate of youth unemployment in the world, MENA's private sector is expected to step in as the main source of job creation.
Six residents of Hurghada and Sharm El-Sheikh are behind the #SupportEgypt initiative. (Facebook)
10:15 GMT
A new Facebook initiative to drape your profile picture with the Egyptian flag received 10,000 likes on the first launch day.
Both the Zohr and Alexandria gas fields will start production in 2017. (Shutterstock)
10:00 GMT
Egypt's petroleum minister is hoping that the recent major gas finds will make the country a regional center for energy and gas.
In addition to government action, MENA needs to re-examine food and water consumption patterns. (AFP/FIle)
09:13 GMT
With rising consumption, solid waste is the most significant environmental problem in the Arab world, according to a recent Arab Forum survey.