August 25, 2016
Turkish Airlines is set to operate four flights per week to and from the Egyptian resort after nearly ten months of suspended services.
While cheap oil has forced some GCC countries to put rail construction on the back burner, Oman's rail project to link Salalah, Sohar and Duqm is going forward.
Kenya struck oil for the first time in 2012 and is set to begin exports out of Mombasa Port in June 2017.
The Turkish construction company plans to build the ten lane, 34km-long Al Khor Expressway within 36 months.
Designers from MIT Media Lab have teamed with Microsoft Research on a project to develop “smart tats” able to interface with remote technology.
Despite the subdued labour market, employers in these industries are still looking for more staff.
The VIP charter airline will operate their fleet of seven aircraft out of Riyadh starting at the end of 2016.
QIA has made a $622M investment, a roughly 9.9 percent stake in Empire State Realty Trust as part of its strategy to expand investment in the US.
A NY Court of Appeals unanimously rejected compensation claims by plaintiffs related to victims of 2006 Hezbollah rocket attacks, citing a similar case against Arab Bank.
The concert by Ukrainian singer Svetlana Loboda is part of a wider tourism strategy of inviting famous performers to give concerts in Egypt, particularly in its key tourist destinations.
August 24, 2016
Alpen Capital forecasts a growth of over 10 percent annually until 2020 in the UAE and Qatar, driven by big events and tourism development.
Monthly reviews with your employees have the same purpose but are less formal than an annual employee performance review.
The new update brings several additional features to Android, from tweaks to the interface that will change how you use your phone, to changes that will improve battery life and performance.
The Egyptian government is set to conduct feasibility studies on the application of the rain-maximising technology which is currently applied in many parts of the world including Germany, China, the UAE and France.
The US Department of State approved the proposed $124 million sale of Mark V fast patrol boats, weapons, ammunition and training to Qatar.
Saudi Arabia continues its fundraising efforts with another SR20 billion domestic bond offer.
Kuwait’s Ministry of Electricity and Water have scrapped plans to build a nuclear power plant, arguing that alternative energy sources are more cost effective.
Kuwait will finance $293M to build 1247 housing units in Bahrain while the UAE will fund housing and infrastructure projects worth over $102M.
The ratings agency forecasts short-term effects of higher oil prices would led to narrower fiscal and current account deficits than it previously expected, GCC sovereigns' credit profiles would remain under stress.
The state-owned carrier is in the midst of a turnaround and could sell as much as 51 percent of the airline to Nepalese or foreign investors and retain minority ownership.
The long-awaited project will help boost the two countries’ total power-generation capacity by linking the power stations in the city of Badr in Egypt, and the two Saudi cities of Medina and Tabuk.
The Sudanese government is pulling out all the stops to facilitate procedures for gold mining investors from Qatar, UAE and Saudi Arabia.
August 23, 2016
All fitness regimes start with an assessment of your current health, so you should do the same for your finances.
The deal follows Egypt's appeal to Arabia last week to help provide financial aid in order to meet the terms of a $12B IMF fund facility.
Grants for the education sector from the UK's DFID, USAID, and the Norwegian and Swiss governments followed their commitments at the London donor conference.
The arrival of a Russian delegation to Egypt to inspect airport security will be followed by an International Civil Aviation Organisation inspection at the end of 2016.
A new study revealed that as much as 71 per cent of UAE residents aged 18-40 are happy to take advice online before purchasing, so companies must take these online influencers seriously.
The Gulf region is seeing an unprecedented demand for hospital and medical services due to an enormous increase of population, huge healthcare budgets and heavy investments in the sector.
A 40km long bridge between Al Ahsa and Bahrain, and a 25km long bridge Al Ahsa and Qatar was first proposed in May.
There are a gazillion games on Facebook, but only a handful are successfully battling it out for your attention.
A new joint venture between Etisalat and Dubai South aims to cater for the rising demand for cybersecurity amid reports that the UAE is one of the top three most targeted countries for cyber attacks.
The natural beauty and low prices of Eastern Europe are proving to be a big draw for Saudi tourists, in comparison to the high costs of domestic tourism.
The Omran project spans 2.2-sq-km and will offer residential units, recreational facilities a beachfront luxury resort hotel and a boutique hotel.
The equity crowdfunding platform raised $400,000 over 12 days, and attracted 44 global investors.
August 22, 2016
Robotics, along with drones and 3D printing, are three inter-related technologies that are rapidly decreasing in cost, advancing in sophistication, and driving innovation.
Researchers at two US universities have used artificial intelligence to detect signs of depression on the social network.
While the death toll from car accidents has dropped, Egypt counted EGP 30.5 billion in the cost of crashes in 2015, with the 2016 projected to be even higher.
A series of high-profile tower fires and an imminent redrafting of the UAE's Fire & Life Safety code is likely to fuel demand for locally-made, fire-resistant cladding.
The Dubai developer's financial restructuring, which began in 2011, will have met its targets two years ahead of schedule with its final repayment of a $1.2B sukuk.
Consistent commitment to long-term financial plans is a core aspect of financial discipline.
The Saudi labor ministry confirmed that the struggling construction firm expects to clear all unpaid salaries by the end of next month.
Lebanon's Central Bank has prohibited all commercial banks and financial institutions from transactions with unlicensed money dealers and money lenders.
Omran's investments include the takeover of Oman Sail and Oman Tourism College, Marina Bander Rhowda, and a 40 percent stake in The Wave development.
Crude oil delivery via the fiKirkuk-Yumurtalik oil pipeline had been stopped for five months due to problems between Baghdad and Erbil.
Spread over 19 acres of land located at the national highway in Akkulam, this will be the second biggest shopping mall in the country after the LuLu Mall in Kochi.
All creative individuals find their work coming less easily at some times than others.
August 21, 2016
Research suggests industries such as hospitality, retail and education present ample opportunities for the AV and entertainment market.
Squeezed by economic and political turmoil since the 2011 uprising that toppled Hosni Mubarak, Egyptians are preparing for a new era of austerity.
Solar water heater designed by expatriate offsets two tonnes of carbon emissions annually.
Jordan is currently in talks with German, Czech, Chinese and Japanese companies among others to supply turbines and electrical systems for the power plant and things are going well.
More than 3,700 projects worth around $400 billion are currently ongoing in Dubai, UAE.
Travel insurance covers more than unexpected cancellations - and the benefits are worth it!
Gulfnet is partnering with other industry leaders to provide a comprehensive cybersecurity platform for the Gulf region.
3D printing is a rapidly growing technology across multiple disciplines in the Middle East.
The symmetry of the Note7 makes it easier to handle than the S7, and from a specs perspective, is almost identical.
Dismissing millennials as spoiled kids who need to just knuckle down to work, ignores the fact that there’s a certain logic to their choices.
August 18, 2016
Negotiations and feasibility studies are underway for possible implementation of the tourism project to link Maqna Port, Saudi Arabia with Dahab, Egypt by the end of this year.
The $2B deposit deal was inked alongside a $16Binvestment fund during King Salman's visit in April, but was not previously announced.
Candidates are using Twitter, Facebook, YouTube to reach out to voters in a more cost-effective manner.
A royal decree includes assistance measures such as medical care, support services, and administrative help to change jobs, which could benefit up to 20,000 affected Filipino workers.
A wave of spear-phishing e-mails with malicious attachments hit 130 industrial and engineering sectors around the world, including the UAE.
Industry players acknowledge that the rise in electricity prices are a necessary part of bridging the budget deficit, but suggested that consumers would bear the burden of increased production costs.
The salary allocation process had begun under UN supervision, but a 'large number' of the strip’s Hamas-appointed civil servants had not been included on the list of grant beneficiaries.
Jordan defends itself against claims that it 'restricts Syrian refugee children’s access to schools'
Jordan reminds the international community that it has only received $55M (JD39M) out of one billion pledged by donors, and that its efforts to educate Syrian children are 'unrivalled'.
Fuchsia, Google's new OS, will run on smartphones, PCs, tablets, and embedded devices that include car dashes, GPS and digital watches.
Jordan-based Anastasia Ivanovskaya climbed her way up from telemarketing to establish her internet marketing agency, Katra Marketing.
Saudi's Finance Ministry reveals that the crane was advised to be removed from its location ten months before the tragedy.
When faced with unforeseen circumstances such as job loss, it's time to take stock of your financials
August 17, 2016
In addition to accepting the $12B IMF loan and $3B from the World Bank, Egypt has its sights set on another $5B in aid from Arab states.
Confusion over the safety of public networks means that some are putting the convenience of connectivity before the security of their personal information.
The new type of gold, which came onto the market 10 days ago, is available in prices almost 22 percent cheaper than gold 18K — the once-cheapest unit of gold offered on the Egyptian market.
Ahead of Hajj season, Crown Prince Mohammed bin Naif has announced a ban on the use of liquefied petroleum gas for cooking in holy cities.
The iconic five-star hotel in Muscat will begin booking guests in a few weeks.
New Jersey governor Chris Christie has signed legislation that prohibits state agencies from investing in pension and annuity funds of companies that engage in political boycotts of Israel.
The delegation will inspect Hurghada, Cairo, and Sharm El-Sheikh airports in order to determine the fate of the nearly year-long suspension of Russian tourism to Egypt.
The UAE ranked first among Arab countries and 41st worldwide in terms of overall performance on the 2016 Global Innovation Index, improving over last year's position.
Work on the Zohr gas field development is now in full swing, with 'positive and promising' results in the wells.
Qatar's central bank has auctioned three billion riyal in a successful domestic bond issue.
The airline's flagship double-decker aircraft will make history with its first-ever scheduled A380 service to Queen Alia International Airport in Amman.
If you’re in a situation where you feel disclosing your salary history would work against you, here are some options to deal with the negotiation.
August 16, 2016
The move will grant schools autonomy over administrative and financial affairs, but education will remain free for students.
Crude oil is up nearly ten percent following news of discussions between Saudi Arabia and Russia, but prices are likely to remain under pressure.
Bayt.com's survey of summer in the MENA workplace reveals some interesting preferences.
Experts forecast foreign investment ownership to increase by 100 percent in the next ten months as a result of eased regulations which come into effect on 4 September.
The initiative is working with SME in the tourism industry with training and special offers, but the British national carrier has not yet reinstated flights to Sharm El Sheikh.
With Kuwait's subsidies amongst the highest in the world, the country's energy subsidy reforms have been hailed as an essential step towards encouraging diversification and competitiveness.
Daily demand has so far exceeded 10,000 halal meals a day from both Muslim and non-Muslim athletes and officials, Salaam Gateway reports.
Investcorp said Nebulas would join the previously acquired Coresec and SecureLink to operate across six countries, employ 550 staff and generate more than €235m in revenue.
Despite warnings about trespassing being added in the game's latest update, Pokemon Go seem to be determined to catch 'em all.
Forbes shed light on twenty different successful startups launched by young Egyptian enterpruners from different backgrounds, from 2010 to 2016.
The company, listed on the Saudi Tadawul, is fighting for unpaid dues from OPI International for the construction of labor camps in Angola between 2011 and 2014.
The average degree in the UAE could set you back up to half a million dirhams; here's how to bridge the gap.
August 15, 2016
A new banking law sets fines between EGP 1m-5m and prison terms between six months and three years for exchange companies selling the US dollar at a higher rate than the CBE.
Russia’s Energy Minister Alexander Novak has expressed willingness to adopt common measures to help restore balance to the oil market.
New measures regarding recruitment, wages and benefits will apply to 45 per cent of some two million Indians working in the UAE.
Digital transformation in the financial sector has the potential to create a myriad of new services in MENA, especially for personnel with specialised skills.
Blumberg Grain's project to store Egyptian grains is up in the air amid the controversy over alleged misrepresentation of procurement numbers of its wheat supplies.
The 36th edition of Gitex Technology Week begins October 16 at Dubai World Trade Centre, with $800B in transportation and $700B in healthcare opportunities up for grabs.
Dubai Financial Group has sold its stake in EFG Hermes to French lender Natixis in deal rumored to be worth over $100M.
Royal approval has been granted to establish a Royal Academy of Arts, a national theatre, a media production city, and a fund to support artists as part of the country's national transformation plan.