This will yield positive results and be to the advantage of Gulf economies at more than one level.
The transportation sector in any country is vital for its economy for the mobility of goods and services as well as people.
As this innovation evolves, one can only imagine what the future holds.
Youth unemployment has assumed alarming proportions in Arab countries and with untold consequences.
Its main objective is to position the Arab world on the international fashion map.
Bahrain’s real GDP growth reached 4.5% in 2014.
We know ‘it’ matters. Some go to war for it. Professional sports teams draft for it. Actors audition to show they have it.
The study noted that the Syria conflict had no impact on Lebanese merchandise and services exports at the aggregate level.
Indian nationals have emerged the largest non-Arab investors in Dubai’s real estate market.
April 27, 2015
The company ceased to assemble cars in preparation for leaving the Egyptian market by May
Apparently, secrecy and shame about money-related problems is still rife.
Middle East businesses are spending less than 1 per cent of their overall IT budgets on security, leaving them vulnerable to cyber attacks.
Is this a turnaround? Has the bottom arrived? Is this sustainable? The debate is on!
The GCC consulting market grew by more than 15 per cent to $2.5 billion in 2014.
Egypt's foreign reserves are expected to rise to over $20 billion after the recent Gulf deposits.
Not so targeted consequences? The risk of targeted sanctions for GCC firms, individuals, and charities
Sanctions can have devastating effects, which, of course, is the intention of those imposing them.
Middle East airlines are playing a major role in providing connectivity to non-traditional destinations from Brazil as an increasing number of Brazilians now seeking newer travel options.
The closure severed its most important trade route to the outside
The Islamic banking industry in the Kingdom of Saudi Arabia (KSA) is set to achieve $683 billion of Shariah-compliant assets by 2019.
The Dubai index may consolidate in a range with a tough resistance at the keenly-watched 4,200 level.
April 26, 2015
Saudi Arabia’s hospitality market can expect to witness high levels of new supply over the next three years.
In order to have a great talent pool for a certain job it is important to include both passive and active candidates.
In many societies being rich is admirable, but saying that you want to be rich is somehow frowned upon.
Policymakers need to urgently address Lebanon’s longstanding and worsening structural bottlenecks
Turkey, having invested in ambitious Asian and African initiatives to expand market penetration and build political capital, has missed a golden opportunity to make its case.
The move holds significant potential for the market’s growth and importance over the coming years, Deloitte said in a study.
The Cairo and Giza Tobacco Traders Association expects a decrease in tax proceeds of EGP 2bn ($262 million) in the current fiscal year’s national budget.
Dubai skyscrapers have emerged as among the cheapest per square foot in the world for prime office rents.
The anti-BDS law cannot stifle international boycotts, which continue to gather momentum
The total included legitimate trade deals in the course of lobbying in the run up to the 2010 vote for the tournament.
In the face of strong competition from China, the traditional, locally produced Palestinian headscarf has put up a show of resistance
A study is being carried out to assess the feasibility of legalising the status of tens of thousands of foreign nationals working illegally in Bahrain.
The world's biggest oil exporter, having abandoned last year its role of keeping global markets in balance.
Iranian President Hassan Rouhani says the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21).
Inundated with hashtags, re-tweets and favourites? Now you can sift through them and find the important ones easily, thanks to a new Twitter feature.
April 24, 2015
You thought you did pretty well at impressing but find that coveted offer letter still evades you.
April 23, 2015
Companies in Egypt are racing to meet the rising demand for mineral water in Upper Egypt in the wake of a barge, carrying 500 tonnes of phosphate.
The hundreds of billions of dollars that would flow into investments in Saudi Arabia once its $530 billion capital market opens up is likely to give a major boost.
U.S. authorities are deeply concerned about the financial capabilities of ISIS.
Özince's remarks came on the heels of existing uncertainty in financial markets that have sparked the exit of foreign lenders from the country.
A Continental Free Trade agreement between 26 African countries is to be launched from Egypt in June.
Apple’s first smartwatch will be available in the UAE on Saturday, but from the grey market, for a hefty premium.
What is more likely to happen instead is that rents will generally remain stable.
Jordanian universities can now offer online bachelor’s programmes under a decision announced by the Higher Education Council on Tuesday.
Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded.
The business world is now exploring how it can take advantage of the new possibilities provided by wearable technology.
April 22, 2015
Emirates Islamic, a leading Islamic financial institutions in the UAE, has announced a net profit of Dh194 million ($52.8 million) for the first quarter of the year.
But they will still need to hold up against sudden bouts of volatility
The UAE remains the top country that most Arab youth would like to live in, the 7th annual Arab Youth survey found for the fourth year running.
This type of person can also cross the line from being assertive and self-assured to exhibiting intimidatory and bullying behaviour.
The exhibition is recognised as the world's most important market place for exhibitors and it attracted around 1,000 participants from 45 countries
Facebook said Tuesday it was reconfiguring its News Feed, in a move aimed at giving people more information about what is happening to "the friends you care about.
Shaikh Mohammed invites businessmen to invest in mega event to be held in Dubai
Qatar Airways plans to increase the frequency of weekly flights to 10 of its most popular destinations throughout the Middle East and Europe
Microsoft’s move to get rid of passwords and introduce biometric verification in its upcoming Windows 10 OS upgrade will greatly improve security.
Real estate agents are expecting a slowdown in the Abu Dhabi market due to the continued impact of low oil prices.
OPEC has said that the demand for its oil will rise in the course of the year because it is winning its price war against US shale producers by driving them out of business
The Ministry of Labor clarified on Sunday that it has not issued any new regulations with regard to limiting expatriates’ stay in the Kingdom.
April 21, 2015
There are 189,000 Holocaust survivors still alive in Israel today.
Blackberry will set up a development center in Israel based on the acquisition of WatchDox.
It's good, but all good things come at a cost.
Morocco is said to be well in front to be a regional leader in developing renewable energy sources.
Oil production from the fastest-growing US shale plays is set to fall some 45,000 barrels per day to 4.98 million bpd (mbpd) in May from April.
The process of opening up the stock market should also be accompanied by increased transparency from administrative bodies.
According to a new study, 54% of this nationality group can produce cash or cheque outright when shopping for a new flat or villa in the UAE.
Lebanon registered the second-highest growth among the 15 largest recipients of remittances in developing economies last year.
British lender HSBC has been banned from taking on new funds in its asset management business in Saudi Arabia by financial regulator Capital Markets Authority (CMA).
Where a carrot and stick policy will not work, use motivation as a power of change.
The initiatives include the launch of the second Islamic Economy Index, the third edition of the Islamic Economy Award, the second Global Islamic Economy Summit.
Imagine being able to avoid all the hassle of airline travel plus being able to reclaim the equivalent of entire weeks of lost or wasted time.
Recruitment of new employees for oil and gas companies outside the Gulf region has slowed down, but businesses in the UAE and the rest of the Middle East continue to push forward with hiring.
April 20, 2015
A lot of international companies are knocking the doors of Iran for investment especially in the energy sector, Iranian officials recently said.
The Arab country’s economy is recovering from four years of political upheaval.
The representatives held meetings with an Israeli company at Interpol World 2015 in Singapore.
The IDF has begun operational deployment of an advanced system based on sensors for detecting attack tunnels along the border with the Gaza Strip
SABIC reported a 39 percent decline in first-quarter profit to SR3.93 billion ($1.05 billion) as average sales prices dropped following a slump in global crude prices.
The 2015 draft budget is not expected to be ratified by Cabinet or Parliament unless the bill is totally revised or amended to make it more realistic.
Instilling the love for education...or Apple products? Dubai universities offering 'freebies' for enrollment
Universities in Dubai are lining up free iPhones, MacBooks and cash prizes in an all-out frenzy to attract students.
Nearly half (44 per cent) are not confident that they will fulfill their financial goals when they leave the country
Kampac Oil, a Dubai-based oil and gas company, plans to double its investments in the Philippines to more than $10 billion.
Once you understand the skills employers look for, you will be able to successfully tailor your job search,
Despite the fact that Japanese models have been ruling the UAE automotive market for years, Chinese vehicles are also gaining popularity in the country and all stakeholders.
Jordan and 56 other countries will be founding members of the China-led Asian Infrastructure Investment Bank (AIIB),
Iraq's electricity ministry has invited expressions of interest from major companies for the construction of three solar power stations and a wind power plant.
April 19, 2015
The Shoura Council on Monday will vote on a proposal to convert the proposed sports stadiums into fully fledged sports villages.
Syrian Air is set to resume flights to and from Bahrain from May 2, a report said.
Preliminary results by the report indicate that Islamic banking branches are less likely to experience a run on deposits compared to their conventional counterparts.
The center will support UAE's drive for advancing this sector and for building national capabilities related to the space knowledge and science.
Career women in the GCC are ambitious and want to lead in their organizations, with over 50 percent of those surveyed aiming at senior or board level position within the next seven years.
Turkish Airlines CEO has recommended single pilots who have recently completed training with the airline get married as soon as possible.
After a lackluster first quarter in the UAE equity markets, market participants say the second quarter looks more promising.
Riad Kamal, who founded Arabtec in 1975, was also not on the list, although his departure was considered less surprising.
Moody’s Investors Service said on Thursday it has downgraded Bahrain’s long-term government issuer rating to Baa 3 from Baa2 due to expected deterioration in the government’s finances.
Iranian Deputy Oil Minister Abbas Sheri Moqaddam has said that China has so far invested €20 billion in the country’s oil industry.
The German carmaker thinks that there is a market for hybrid and electric cars in the Middle East, no matter the cost of fuel or the love for SUVs.
It aims to enhance safety and security measures in Dubai’s airspace and will also regulate the usage of laser, fireworks, light beams and drones in the city.
Prosecution investigations revealed that a notorious conman, known as Al-Mestarayah, has scammed Egyptians.
Given that self-driving cars eliminate the need for human control, it follows that self-driving cars could reduce road traffic deaths in the country by a massive 90%.
Kuwait has completed the lengthy establishment of a company through which the state’s future investments in Egypt will be carried out.
April 17, 2015
Around 75 per cent of working women in the GCC say that they are not treated equally in their workplaces, which hampers their prospects to advance in their careers as quickly as men.