March 26, 2015
Gold rallied to a 3-1/2 week high on Thursday and silver rose nearly 3 per cent as escalating tensions in the Middle East knocked stocks.
Whether you’re buying a house or a new gadget, shopping around is always recommended
The strike against Houthi rebels, who have driven the president from Yemen's capital Sanaa, could stoke concerns about the security of Middle East oil shipments
Dh80,000 won’t get you far when it comes to finding a two-bedroom apartment in Dubai.
Chairman of Abu Dhabi Airports, thanked Douglas in Wednesday’s statement for his “outstanding service” and “hard work” as Chief Executive
Some Saudi women look down at the idea of marrying a man practicing trades such as mechanic or electrician, but others believe that anyone earning money in an honorable work is good enough.
If Qatari nationals are to fill all of the strategic roles within the country, then nearly 80 per cent of Qataris need to develop leadership skills.
After gaining 100 per cent support for the plan, Dubai World’s lawyers applied to withdraw the application during a court hearing last month.
The summit had showed how much Egypt can cooperate with Mexico and Latin American states, said the Ambassador of Mexico to Cairo Jorge Alvarez Fuentes.
“The issue is to what extent their replacements are perhaps more pro-growth than the current team has been,” Paul Rawkins, a senior director in Fitch's sovereign group, said.
Saudi Arabia has announced plans for an industrial city in Jeddah solely dedicated to women, local media reported.
March 25, 2015
Negotiations for an arms deal between Lebanon and Russia has been disrupted due to the EU sanctions on Moscow over the Ukraine crisis, local daily As-Safir said Tuesday.
Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep US oil competitive with much lower-cost oil flowing out of the Middle Eas
Egyptian experts are divided in their reactions to Egypt, Sudan and Ethiopia on Monday signing a declaration of principles over Ethiopia building the Renaissance Dam on the Blue Nile, the Nile's largest tributary.
British car-maker Jaguar has launched its new Jaguar XF compact sports saloon during a dramatic ‘high-wire’ water crossing.
International rating agency Moody's predicts that the new government in Israel led by Benjamin Netanyahu, still in the process of formation, will last longer than the outgoing government.
The Israeli diamond industry recognizes the enormous potential of Turkey, and plans to help it establish an advanced diamond industry, sources inform "Globes."
The European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic’s transport sector which has sought an easing of trade restrictions.
With an economy larger than all the Balkan economies combined, Greece is an important regional investor.
Despite the impressive numbers, the world is nowhere near leveraging the full potential of sunlight because of two principle reasons.
Apple became the number one smartphone vendor in the fourth quarter of last year by overtaking Samsung, which was the leader since 2011.
Five regional employers were asked to determine the most important quality they look for in a candidate when making a hiring decision.
Due to be completed in 2023, the project will be 49 percent financed by Moscow.
More World Cup drama: French construction giant Vinci to sue human rights group over forced labor allegations
French construction giant Vinci vigorously denied allegations it had violated the rights of migrant workers helping to build stadiums for the 2022 World Cup in Qatar
March 24, 2015
Kuwait consumer price inflation continued to slow in January, while core inflation remained steady
According to the latest YouGov report, the top three luxury holiday destinations for MENA residents are UAE (14%), Italy (10%) and Turkey (5%).
A V-shaped recovery in oil prices is unlikely and Brent will average $52 per barrel in 2015 and $58 per barrel in 2016, a report said.
When Saudi Arabia's oil minister Ali Al-Naimi says he does not want the kingdom to lose market share anymore, he really means it.
Egypt ran an overall balance of payments deficit of $1bn for the first half of the 2014/15 fiscal year, compared to a surplus of around $2 billion in the same period the year befor.
The UAE emirate of Ras al-Khaimah has launched a $1 billion, 10-year sukuk that will price later on Tuesday, a document from lead arrangers showed.
Saudi Arabia is tightening a crackdown on illegal foreign workers in the kingdom, giving the Ministry of Labour more powers including the right to distribute financial rewards to inspectors who turn up violations.
Most Saudi real estate-related shares fell in early trade on Tuesday after the cabinet on Monday approved a proposal to tax undeveloped land in urban areas.
Average wages across the GCC rose last year, however, Arab expat salaries rose the least among racial groups.
“With the completion of the the expansion work, the mosque will comfortably accommodate about 1.6 million worshippers."
Egypt's president has issued a decree to offer new bonds to the public to generate revenue to develop the Suez Canal area.
Skilled staff recruitment is a significant challenge for the Middle Eastern family businesses with 73 per cent of those saying are interested to hire the right skills and talent in the coming five years, according to a PwC survey released yesterday
Egypt, Ethiopia and Sudan have signed a declaration of principles on Monday, in a critical step towards resolving a four-year dispute over Nile water sharing arrangements among Basin countries.
A report by Emirates 24/7 said the two major telecom operators - Etisalat and Du blocked WhatsApp voice calls for UAE subscribers.
The announcement was the latest in a string of steps to reorganise the government's economic policy apparatus since King Salman assumed the throne in January.
March 23, 2015
The battle for Libya's oil wealth has taken on new dimensions as rival governments lay claim to the National Oil Company (NOC), further deepening divisions in the volatile North African nation.
Across the Gulf, companies that have traditionally used conventional finance are considering whether to "go Islamic",
One of the most dangerous mistakes you can make at work is unknowingly getting in the way of your own success through self-defeating thought patterns.
Oil prices won’t rebound to $100 a barrel because increased prices would draw more shale and other output from higher-cost producers to the market.
A visiting French official Monday reminded Lebanon that it could not benefit from $181 million worth of loans if the country fails to elect a president before the deadline.
The popular attractions in Dubai are still attracting hundreds of visitors each month, but there aren’t as much tourists checking into hotel rooms.
“The Middle East is the world’s best bespoke region.”
With a number of hospitals and clinics starting up in the GCC, the war for medical talent has begun.
Average salary across all countries, positions and racial groups in our list rose 7.88 per cent, increasing from $10,392 a month to $11,211 a month.
Sending money will soon be as easy as posting a photo on social media or texting a friend, free of charge.
The luxury aircraft will be used to promote the upcoming action flick, ahead of its launch in April.
A leading Swiss banker told his Lebanese counterparts that the days of banking secrecy are over, urging the lenders to prepare their clients for this inevitable outcome.
The United Kingdom will offer a super-priority visa service at its application centres in Abu Dhabi and Dubai from March 23.
March 22, 2015
In Britain, the mix of politics, the upcoming elections, the budget deficit and public pressure has provoked a whirlwind of controversy around the issue of tax avoidance and tax evasion
Valued at $3.5 billion, the project will provide 2,000 megawatts (MW) of solar energy in the country, the statement added.
Airbus has increased the standard number of seats in the brochure for its A380 superjumbo to 544, the company said on Friday.
If all goes to plan, Oman will transform into a major industrial and logistics centre with much of the country’s imports and exports passing through Sohar.
The flurry of technology deals luxury watchmakers announced this week to tackle the Apple Watch threat.
A decline in annual advertising revenues in 2014 has resulted in losses of $50 million for television stations in Lebanon.
Saudi Arabia’s OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again.
A number of dubious real- estate brokers have been persuading Lebanese nationals to purchase property in Cyprus based on the premise that they would obtain a residency permit after a certain period of time.
Jordan and Russia will sign an intergovernmental agreement before the end of this month in which the two sides stress commitment to supporting the country's first nuclear power plant.
Saudi Arabia has refused to issue any business visas to Swedes, Stockholm’s Foreign Ministry said on Thursday.
Maybe try some human rights? Saudi Arabia, Gulf countries announce initiative to address housemaid shortage
The private sector of Saudi Arabia and the Gulf countries signed an alliance to tackle the problems faced in the recruitment of housemaids.
Qatar is proceeding with planned economic development projects despite cheaper oil and is prioritising those related to health, education and transport
It’s quite difficult to manage your time effectively at work, with so many tasks at hand and many more distractions.
The completion of this review would allow for the disbursement of about $200 million/
This success places a heavy responsibility on the government, and all of Egypt, to turn the programs, agreements, and pledges made during the conference into facts on the ground.
March 19, 2015
Iran has approved its budget for the next fiscal year with oil accounting for just a quarter of revenue after a global fall in crude prices, local media said Tuesday.
Microblogging site Twitter will soon open an office in Dubai to improve user experience and tap in to the regional markets.
Dubbed “Shecab”, the project entails providing taxis for women only and for their families in the Kingdom/
If surveys were to be believed, the majority of employees in the Gulf region received a salary increase in 2014/
The opening of the Saudi stock exchange, or Tadawul, to foreign direct investment this could end up being the worst timed launch of a major stock market initiative since the Nasdaq Dubai was formed in 2008
Royal Jordanian (RJ), the national airline of Jordan, has reported a deeper yearly net loss of JD39.6 million ($55.9 million), hit by regional instability.
Gulf stock markets fell in panic sell-offs Wednesday after U.S.crude futures dropped to a fresh six-year low and Brent oil also retreated.
Al-Sisi ordered the committee’s continued review of the agreement draft and the study of all aspects, as well as the necessary legal action on the subject.
The UAE and Middle East have long symbolised a region where expats can enjoy greater financial rewards for their toil and in a tax-free environment.
Iraq’s government will make a budget payment to Kurdish authorities “within days,”
Given the recent negative oil price shock, GCC governments need to chalk out a plan to enhance their revenue base.
Around 5 million people in Turkey are unable to receive public health services due to unpaid social security premium debts owed to the state,
March 18, 2015
The UAE and Egypt have signed an agreement to build a new $45 billion administrative capital in the outskirts of Cairo, state news agency WAM reported.
Around 41 per cent of social media users in the Arab world preferred to communicate via WhatsApp,
U.S. natural gas production could decline in 2016 for the first time in 10 years, driven by low oil prices after a decade of gangbusters growth from shale plays.
Patients visiting general practitioners will be told if they are borderline diabetic and if they require to be screened for the disease.
Following the announcement of Forbes Billionaires List for 2015, Global property platform Lamudi takes a look at some of the top real estate tycoons in the Middle East region.
Bayt.com has just been awarded one of the top 10 companies to work for in Asia by the Great Place to Work® institute.
75% of mobile phone prices to drop under $100 by 2020, says El-Motaheda CEO
Studies have shown that a significant number of employees in the UAE and other countries in the Middle East, are dissatisfied with the level of their compensation.
Prime Minister Benjamin Netanyahu, set out to refute the claims that his government had failed in running the economy.
There is a clause in the contract allowing gas supply to be interrupted at short notice
Any person wishing to enter Egypt will need to obtain a visa before departure and will not be offered it at the airport upon arrival/
A recovery in oil prices which began last month is not justified by fundamentals as there remains a supply glut in the market.
On March 9, 2015, a plane took off from Abu Dhabi early in the morning and landed in Muscat, Oman, early in the evening.
Qatar is planning to construct 24 mega reservoirs in five different parts of the country in a bid to boost its water storage capacity.
March 17, 2015
The St Regis Dubai Al Habtoor Polo Resort and Club is scheduled to open in early 2017 and will be the centerpiece of a six-million square-foot equestrian sports complex.
The number of vehicles in Dubai has doubled over the past eight years giving the Gulf emirate more cars per person than New York or London, official figures showed Monday.
Ministry of Finance Chief Economist Yoel Naveh found that private sector salaries have fallen in real terms over the past 14 years.
The Kingdom this year launched Jordan Response Plan (JRP) that worth $2.9 billion to provide services to Syrian refugees in the country and host communities.
Arabtec has accepted Egypt's new conditions.
If a company is certified as being a great place to work, there is no higher validation than that.
The aptly named Classic is the latest device out of the struggling phone maker’s stables, but one that really harks back to the good times.