October 26, 2016
Berytech I has sold its stake in three of its tech portfolio companies, with a 14.4 percent profit.
The biggest ground handler at Singapore's Changi Airport will expand operations in the Middle East with a new air cargo project at Dammam airport.
The UAE is calling on technical experts, manufacturers and policymakers to submit their recommendations to the government in order to develop its mining laws.
The 8.3sq km forest is located 50kms from Doha and will include 950,000 trees, two lakes and four islands when complete.
A new investigation reveals that domestic workers from Asia and Africa are being imported to work illegally in Oman by unscrupulous agents.
Economists voiced mixed reactions on Jordan's bond issuance, voicing concerns for adding to Jordan's rising public debt.
Samsung has a mountain to climb to win back the trust of its customers and investments after the Galaxy Note 7 disaster.
The Emaar chairman is planning to launch a messaging service app that would be designed for an Arabic-speaking audience.
The US Department of Commerce has imposed an anti-dumping duty for the export of circular welded steel pipes.
With capacity at Dubai World Central is set to increase to around 25 million passengers a year by the end of 2017, Emirates airline operations will move to the emirate's second airport next year.
Under the new system, companies and individuals in the UAE will now be able to restructure their debt while avoiding bankruptcy liquidation.
October 25, 2016
Dubai Holding and Dubai Creative Clusters Authority have partnered with MIT and Parsons School of Design to launch Dubai's new design and innovation school.
To mark its 15th anniversary, we take a look back at every iPod model that has ever been released.
Oman's Central Bank president has confirmed that as much as 60-70 per cent of the budget deficit will be met by way of external borrowings over the next four years.
The new free zone offers new options for supply chain management, storage and manufacturing in the emirate in the centre city port location, delivering a range of logistical and business advantages.
The US is looking at old and new sectors of investment that are emerging as part of Saudi's National Transformation Program.
The next Arab League Summit will be held in Jordan, after Yemen declined to host the meeting.
Terbol's new facility is being prepared to house and restore Aleppo's seed legacy, which was threatened by conflict in Syria.
Despite lacking oil reserves and production of their own, Fujairah port has established itself as a regional refined oil products hub.
Adeptio bought a 66.79 percent stake in Americana (Kuwait Food Company) in a deal valued to be $2.36 billion.
While your wait between jobs is often decided by your financial abilities and desire to pursue a better position, in many cases a longer wait can hurt your prospects.
Keeping in mind the rising cost of living, saving a portion of your income may be challenging, but is certainly possible.
October 24, 2016
Bayt.com offers several features that can help enhance different areas of your career growth.
A Greenpeace investigation has revealed that Sheikh Mohammed received GBP923,760 ($1.12m) in taxpayer subsidies for his Newmarket-based stud farms Darley Stud and Godolphin.
Egypt's Energy Committee intends to call on the Ministry of Petroleum to review the agreement with Saudi Aramco to find out why the petroleum shipment supplied to Egypt was suspended in October.
One year after the establishment of the financial free zone, ADGM has registered and granted licences to 160 companies from a range of industries and sectors.
For the first time, a major museum has explored the plight of the world’s homeless with an exhibition on refugee shelters.
Gulf Craft will expand its shipyard in Umm Al Quwainby 20 per cent to build mega yachts of more than 50 metres in size, and will build a fourth shipyard in the UAE.
Japan's Cocoa Motors have developed a the "super car" that weighs 2.8kg, takes 60 minutes to charge for a similar 60-minute driving time, and has a top speed of 16kmh.
Green Valley International Real Estate will develop its third project in Bosnia, a $44M villa complex with a four-star hotel in Sarajevo.
GCC business must prepare for the challenges associated with introduction of VAT, and the possibility that the five percent tax will increase over time.
The grants will support Jordan’s critical long-term goals for growth and development, while simultaneously assisting Jordan in its efforts to host Syrian refugees across the Kingdom
Ibdar's new acquisition is located in Montgomery county, a wealthy commuter suburb 25 miles from Washington DC.
Russian Minister of Energy Alexander Novak is visiting the Kingdom amid hopes in world oil markets for an agreement between Russia and OPEC on initiatives to keep crude above $50 a barrel.
October 23, 2016
Dubai Future Foundation partners with US software firm Autodesk to create $100M fund for 3D printing
The Foundation will identify suitable investment channels in the region for Autodesk’s $100m Spark investment fund, which supports 3D printing entrepreneurs and start-ups.
As per the deal, Saudi International Expertise Association Academy will set up the new factory on a plot owned by the SCA.
A live video streaming component is currently being tested in Instagram, following the success of the format on Snapchat and Facebook.
High international demand on Saudi public bonds is irrefutable evidence that the Saudi economy now enjoys high credibility according to World countries, especially after the announcement of the Saudi Vision 2030 and economic reforms.
Jordan’s largest solar power plant will meet the annual power needs of around 110,000 homes.
Auto financing may be easy to acquire, but consider the risks carefully before you buy.
Trying to keep on top of a never-ending stream of emails requires organizational skills such as the ability to prioritize.
Lebanon's industrial exports in the first eight months of 2016 fell to $1.713 billion, a 14.7 percent drop from the same period of 2015 and a 19.2 percent drop from the 2014 period.
Jordan's new partnership with Ukraine’s Feerie Travel will see new wekly charter flights from Kiev to Aqaba’s King Hussein International Airport until January 2017, and from March until November 2017.
The Kuwaiti firm acquired General Electric’s (GE) global operation centre building in the mixed-use development area of downtown Cincinnati, Ohio.
The Saudi Arabian oil minister has announced plans to boost its refining and chemicals business and expand into cleaner energy such as nuclear power.
October 21, 2016
The success of auctions by Christie's Dubai reflects a thriving, sustainable international art market in the Middle East.
October 20, 2016
Passport fraud could sweeping the globe faster than Syrian refugees are fleeing; in fact, the practice is not limited to the Syrian refugee community but is also the preserve shady business oligarchs.
Ynetnews reports that Israel is preparing large-scale projects to assist Egypt's 'fragile economy.'
Founded in 2014, Eat’s consumer facing apps, available on web, iOS and Android, allow diners across Bahrain and Dubai to discover fine-dining restaurants and make real-time reservations.
The World Bank revised upward its estimates for remittances and inflows to Lebanon to reach $7.6B compared to $7.48B last year.
The Egyptian government is considering the increase of state support for individuals facing 'economic hardships' as a result of fiscal reforms.
A project sponsored by TIKA, Turkey’s international development agency, will help provide electricity via solar energy for families in Bethlehem.
Owners of the Note7 can either exchange their device with a Galaxy S7 edge or receive a full refund.
Based at the edge of the Dubai Autodrome, the overall two-storey development will stretch across 500,000sq ft, linked by a one-kilometre roadway . The development is slated to open in the first quarter of next year.
Due diligence company HireRight has revealed that over 60 percent of resumes in MENA contained inaccuracies, errors or exaggeration.
According to the IMF, the combined fiscal deficit of six-nation GCC bloc is nearly $500 billion for next six years and governments need to introduce new taxes and cut spending.
The first Bahrain International Defence Exhibition and Conference (Bidec) will be take place from October 16 to18 next year.
Saudi Arabia is expected to raise 75 percent more in the $17.5B bond issue than the earlier anticipated, receiving an order book of around $70 billion.
October 19, 2016
The Global Internet Forum and Exhibition will be held for the first time in the Middle East in Jeddah in March 2017.
The Jordan Trail hiking route is split into eight parts, each of which take around four to seven days to complete.
Announced during an event in Riyadh, the Batala channel has more than 1,000 videos and is categorized by genres such as comedy, education, fitness, and more.
Customisation helps the hiring manager see why you think you’re a good fit for the position for which you're applying.
Large government-related entities (GREs) with important mandates in the oil and gas, utilities and telecom sectors, have adopted conservative funding strategies to cope with low oil prices, according to the ratings agency.
In an attempt to increase productivity, Medina Municipality has imposed a system requiring employees to clock in via fingerprint scanner five times a day.
A new policy paper prepared by former Economy Minister Nasser Saidi stressed that the challenges that Lebanon will face in extracting gas are much bigger and daunting than immediate benefits.
The 37-storey W in Amman is under development by Abu Dhabi's Eagle Hills and will be run by Marriott International Inc.
The price of crude oil bounced up in early Tuesday trading in response to favorable sentiments from oil producers during an conference in London.
The new acquisition marries Ooredoo Kuwait's comprehensive nationwide wireless network with FASTtelco's fiber broadband solutions, but the companies will remain as separate legal entities.
The EU is set to scale up aid to Tunisia in 2017 on the basis of the progress of the reforms announced in the Tunisian government’s strategic development plan.
Egypt needs to obtain $6B from foreign institutions before submitting the $12B loan agreement to the IMF’s board for adoption.
October 18, 2016
Declining to name the routes affected Emirates President Tim Clark warned that certain routes to Africa could be cut entirely in light of economic difficulties on the continent.
Which MENA airport gets the dubious crown of the world's worst airport?
OSN's long-standing partnership with 20th Century Fox Television Distribution will bring more exclusive content and award-winning shows to MENA screens.
A special panel at Dubai's Global Islamic Economy Summit is exploring the obstacles facing start-ups in the Islamic economy.
The daily grind can be gruelling. Keep upbeat and motivated with these tips.
Stricter rules for the marriage of nationals to non-Saudis include minimum requirements for income, housing, age and health standards.
The DXB data centre will be the first of two planned modular facilities to be built by Huawei that will support the critical operations of Dubai Airports.
At Gitex Technology Week, Visa is showing off its latest prototypes it has developed to demonstrate the simplicity of digital payments in the near future.
The Finnish elevator firm Kone will supply elevators, escalators and autowalks for the transport network in Qatar's new city of Lusail.
The region's funding requirements have been mounting since 2015, when the drop in oil-related revenue turned fiscal surpluses into deficits.
October 17, 2016
Oman and Iran are taking steps to boost trade from one billion dollars annually to up to five billion within five years.
The embattled company is hoping to raise up to a billion dollars with the sale of its 20.93 percent stake in Arab Bank, but experts warn that even $1B is a drop in the ocean for Oger's debts.
If you're looking for a job in the Middle East over the next three months, here are a few things you should know.
The smart car service is one of the many smart technologies on show at the 36th Gitex Technology Week at the Dubai World Trade Center.
Jordan's Olive Products Exporters Association is supporting a ban on olive oil exports and imports, following a 30 percent drop in olive fruit production that can barely cover domestic consumption.
A proposed merger that would have created Oman's second largest bank has been scrapped as talks between Bank Dhofar and Bank Sohar collapse.
The UAE carriers join a growing list of airlines that have banned Samsung Galaxy Note 7 mobile phones onboard their flights in response to reports of the phone catching fire.
DP World's latest announcement follows an MoU in August to assess the feasibility of using high-speed transportation technology hyperloop to shift cargo at Jebel Ali port in Dubai.
Negotiations between Egypt's NTRA and major mobile operators to acquire 4G licenses have ended with multi-million dollar contracts with Vodafone, Etisalat and Orange.
Located in downtown Kuwait City, Four Seasons Hotel Kuwait at Burj Alshaya will open in early 2017 as part of the new Burj Alshaya mixed-use development.
Iran's purchase of Airbus and Boeing jets remains weighed down by negotiations.
October 16, 2016
The vital spring, with a capacity of 100cm per hour, was found during prospecting for deep-water reservoirs south of the Queen Alia International Airport .
Acer is clearly targeting the upscale with the features and design of the Swift 7.
Lebanese entrepreneurs are taking advantage of the focus on start-ups at this year's Gitex Technology Week.
Whatever the case of past financial troubles, here are some tips on helping you get on the road to recovery.
Despite mobile operators' pleas to amend conditions for obtaining 4G licenses in Egypt, the NTRA has enforced more difficult terms.
The Japanese-Saudi joint venture will create one of the largest tech investment funds in the world.
Dell's $67B acquisition of EMC Corp in September comes at a time when IT spending in the Middle East is growing, with a forecast increase this year of 3.7 per cent to $212.9B.
Gitex Technology Week opens today, showcasing how start-ups and innovative technologies are 'Re-Imagining Realities' in organisations and daily lives of people.