December 9, 2013
Arab conspiracy theorists, be thrilled: the US pentagon has spent $8 trillion to guard Gulf oil and destabilize the Middle East
"The US is destabilizing the region, not stabilizing it. That would not be necessary if we weren’t dependent on petroleum."
Sony's 3G project with Al Jazeera worth a whole lot more "Gs": historic deal signed for $143 million Monday
Sony signed a historic $143 million deal with Qatar-based Al Jazeera to build a hitech 3G broadcast infrastructure for the media network.
Why is Jordan's inflation rate as high as 5 or 6 percent?
The sixth edition of the Riyadh Economic Forum will commence in KSA's capital Monday evening. The three-day conference will discuss the future of the Saudi Arabian economy and outline strategies to boost the country's development overall.
Approximately 82 per cent of organisations in the Middle East said they are not confident that they could recover from an IT disaster, but only 37 percent of participating businesses are doing anything about it.
Egypt's foreign reserves fell for the third consecutive month in November by 4.8 percent amidst growing economic struggles within the country.
Dubai’s non-oil foreign crossed the Dh1 trillion (USD $272 billion) threshold during the first nine months in 2013
Over 360 exhibitors from more than 30 countries showcased their exclusive jewellery collections, precious gemstones and cutting-edge designs at the Middle East’s most prestigious and influential jewellery event of its kind.
Electronics giant Samsung has announced the UAE launch of the Galaxy Tab 3 Kids, a tablet designed specifically for children.
The agreements are for exploration in Egypt's eastern and western deserts and the Gulf of Suez, it reported.
December 8, 2013
After cleaning the grave and collecting his compensation, he rushes back to a football game being played between the graves.
In addition to a lack of a ‘savings culture’, government public pensions are under duress. Our
“I am sure at the end of the day that football will be the winner. At the end of the day we will show the world that we can create good working conditions,” he said to reporters.
Saudi Arabia will begin using a new electronic system in early January to monitor and control all imported foods in the country.
Airline carriers in the Middle East exhibited the strongest year-over-year traffic growth based on its October figures, according to the International Air Transport Association.
Lebanon is looking to import liquefied natural gas to cut the country's energy costs in upcoming years.
Kuwait's inflation reached a nine-year low in October at a modest 2.7 percent, despite excessive consumer spending in recent months.
Abu Dhabi and Dubai are in the process of expanding their ports in efforts to cater to more cruise tourism.
In 2008, the Abu Dhabi Commercial Bank suffered a spectacular collapse. How it pulled itself out of the quagmire of bad loans and high risk investments is a lesson for financial institutions everywhere.
Abu Dhabi General Services “Musanada” has signed two contracts for the implementation of the Abu Dhabi-Dubai Road Project.
Initial public offerings are set to be revived in the Middle East and North Africa (MENA) as conditions in the capital markets improve, a new report by Ernst and Young said.
Crossing a fine line between optimism and delusion? 'Arab investments in Egypt reach $50 billion'-says Minister
For private Gulf Arab investors, whose businesses in Egypt faced legal challenges after Mubarak's overthrow, a return will only come with guarantees that their money will be safe.
Iran has named seven Western oil companies it wants back in its vast oil and gas fields if international sanctions are lifted and said it would outline investment terms in April next year.
The draft budget for 2014 shows an increase in spending by JD920 million over the 2013 budget, taking government spending to JD8.096 billion.
December 7, 2013
The report unveiled by the Arab Thought Foundation on "Enabling Job Creation in the Arab World," followed an extensive survey undertaken across the region.
December 5, 2013
Egyptian business activity returned to growth in November, putting an end to a 13-month downturn as the country moves towards a constitutional referendum and elections, a survey showed on Wednesday
Emiratisation quotas won’t help boost the number of Emiratis in the labour market, a leading Oxford-based professor has warned.
“We have rolled it over,” Saudi Arabia’s Ali al-Naimi told reporters after three hours of closed-door talks finished in Vienna. “We are all satisfied.”
Abu Dhabi’s Khalifa Fund for Enterprise development has signed an agreement to provide $200 million to Egypt’s Social Fund for Development (SFD) to support the development of small enterprises.
A region-wide bankruptcy protection law may help regional Small and Medium Enterprises (SMEs) development, says the region's leading economists.
A senior official from Dubai Electricity and Water Authority (DEWA) told reporters Thursday that electricity and water consumption in the country's largest city is expected to increase by 20% as the Emirate begins to prepare for the 2020 World Expo.
Yemen joined the World Trade Organization Wednesday after 13 years of negotiations with the global trade group.
Qatar foreign workers sent nearly $200 million less remittances in 2013.
UAE Ministry of Economy Sultan bin Saeed Al Mansouri called on delegations at the World Trade Organization meeting Thursday to deliver a balanced deal that "servers the interests of developed, developing and least developed countries alike."
Middle East carriers, driven mainly by Qatar Airways, Emirates and Etihad, recorded the “fastest growth” in air freight in October, a trend International Air Transport Association expects to continue.
Just how much money are Middle Eastern small businesses leaving on the table?
A totally green economy otherwise? Kuwait to receive $744 million in compensation for environmental damage caused by 1990 Iraqi invasion
Kuwait is due to receive approximately $744 million in a few days from the United Nations Compensation Commission (UNCC) for disbursement in environmental rehabilitation
Asked how soon after Dec. 10 Libya could get production back to normal, the minister said: "From one week to 10 days."
Al-Sabah was quoted in the statement as saying that in the coming period, Kuwait would give priority to the projects that affect Egyptian citizens.
The pace at which Nokia has developed and launched new devices since adopting the Windows Phone platform continues to impress.
December 4, 2013
Framed by the three-pronged credo fostering sustainability, mobility, and opportunity, Dubai had clearly placed green principles firmly at the heart of its bid to host the World Expo 2020.
“Country assistance strategies have lacked tailoring to fragility and conflict drivers and realism, and do not currently have contingencies based on political economy and conflict risks,” the study concluded.