November 30, 2015
Emirati energy company Dana Gas said it resolved a dispute with its German partners regarding joint-venture operations in the Kurdish north of Iraq.
A senior oil official says Iran is ready to resume crude exports to Egypt which used to transport Iranian oil through the Suez Canal and internal pipelines before 2012 sanctions on Tehran dried them up.
A total of six banks were exempted from applying the maximum wage on their employees after the judicial ruling issued last week for employees of Banque Misr.
Saudi Arabia’s Communications and Information Technology Commission (CITC) has slapped a fine of SR552 million ($147 million) on several service providers for violating CITC rules and licence conditions during the 12 months ending mid-October.
Filmmaker Chris Milk has used virtual reality technology to capture life for Syrians in Jordan's Zaatari refugee camp.
Having a back-up plan to ensure others are cross-trained to take over in an emergency situation will ensure minimal disruption to the work flow.
Jeddah Economic Company, an affiliate of Prince Alwaleed's Kingdom Holdings, has secured $2.2B to complete the mixed-use Kingdom Tower by 2018.
As SpiceJet plans more flights from India to Dubai, Gulf airlines want a slice of the budget airline market.
Be realistic about your actual needs and never make an unplanned purchase.
The Kurdish Regional Government claims that it has enough natural gas to supply all of Europe via Turkey, and delivery is scheduled by 2017.
Facebook and Whatsapp have been the bunking students' communication tool of choice.
Following severe rains and floods in Qatar, the government has launched an investigation to determine responsibility for damage to buildings and roads.
The $286M EU and German-funded wind farm in Gabal Al-Zeit will save 175,000 tons of equivalent oil to generate electricity.
As Israel suspends ties with EU in Palestinian peace talks, German BDS activists conduct settlement label inspections
Netanyahu orders suspension of diplomatic contacts with EU regarding peace negotiations with the Palestinians, in protest over new EU guidelines to label products made in Israeli settlements.
Saudi Arabia prepares to welcome over six million Umrah pilgrims to the Grand Mosque and the Prophet's Mosque.
Activists are putting pressure on the UN to terminate its contract with G4S, a security firm which also provides prison guards and equipment to Israel.
Kuwait has replaced its oil minister with finance minister and deputy premier Anas al-Saleh as the country is squeezed by falling oil prices.
November 29, 2015
Move over, Black Friday. UAE online retailers have jumped on the bandwagon with its global peers to launch Cyber Monday deals.
Jumeirah Group is planning to open branches in five major cities in the Kingdom of Saudi Arabia. These are Jeddah, Riyadh, Dammam, Madinah, and Makkah.
President Abdel Fattah Al-Sisi decreed on Saturday that the area of the Suez Canal Axis Development project has been made an economic zone.
Onsi Sawiris and his three sons are Egypt's leading private sector investors in the construction, hotels, telecom, and media sectors.
Saudi Arabia is investing heavily in exploration, as demand for natural gas is expected to nearly double by 2030 from 2011's levels.
British scientists have created new technology for vivid smartphone displays, which could also be useful for smart eyewear, windshield displays, and synthetic retinas.
Over 25,000 people will be involved in conducting the ten-day exercise, in which refugees and temporary visitors are expected to be included alongside the national population.
Dubai's Clean Energy Strategy 2050 aims to provide 75 percent of the emirate's future energy from clean energy sources with a five-pillar approach.
Tehran is presenting 50 oil and gas projects in a new contract format, with hopes for investment from some of the biggest names in the oil and gas industry.
Russia's call for economic sanctions against Turkey puts the future of Turkey's first Russian-funded nuclear power plant project and Russian natural gas flows to Turkey in question.
Motivation plays a crucial factor in keeping highly qualified employees on board.
If you're living in a country where pensions and social benefits don't exist, saving for the future is particularly important.
Kuwait-based Meezan Bank and Ufone launch 'Meezan-Upaisa', while the State Bank of Pakistan' also taps the trend with new Islamic banking services.
The new Israeli representative mission will be attached to the inter-governmental International Renewable Energy Agency (IRENA)
The new Memorandum of Understanding was signed during the first UAE-Jordan Economic Forum held in Amman last week.
November 26, 2015
The White House has praised the efforts of Saudi Arabia to cut off funding for the Daesh militant group, local media reported Wednesday.
Oman's state-owned ORPIC has finalized negotiations with four preferred bidders for $4.5 billion worth of contracts to build a major plastic manufacturing unit called Liwa Plastic Industries Complex in Sohar.
With the tapering of the house price surge, a bottoming out in Dubai property market is likely to happen as prices are set to decline between three per cent and five per cent by the end of 2016.
The Kingdom of Saudi Arabia has become the first Arab country and the tenth internationally to join the protocol to eliminate illicit trade in tobacco products.
Following launches in UAE, Qatar, Bahrain, Kuwait, Oman, Egypt and Morocco, customers in KSA can now enjoy an end-to-end service in Arabic on the travel booking portal.
Jordan's Red Sea port of Aqaba is hoping for a tourism revival as Russian flights start arriving; Hungarian low-cost flights are in the pipeline.
The deadline for 'feminizing' women's retail stores in Saudi Arabia has been extended to allow companies more time to adapt working practices and conditions to women's needs.
The top international names are exhibiting unique showpieces at Jewellery Arabia 2015, including the makers of the Guinness World Record's most expensive guitar.
Egypt's leading Sunni Islamic institute has signed an agreement to open the Al Azhar College for Islamic Science and Dawaa in the UAE.
Russia is Turkey's main gas supplier, while Turkey is the largest joint buyer of Russian wheat. With $100B worth of bilateral trade targeted for 2020, much is at stake.
A new survey by the professional networking site revealed that oil and gas, real estate, construction, transport, telecommunications and technology are the most in-demand sectors in MENA.
The Saudi Fund for Development loans supplement grants by the Kuwait Fund for Arab Economic Development, to help meet Egypt's growing energy needs.
It's a myth that life insurance is only something to think about when you get old.
The US Treasure Department has sanctioned the Syrian owners of HESCO Engineering and Construction Company and two Russians for its business associations with Daesh and the Assad regime.
If you're not yet using Twitter for professional purposes, here's how to get started.
Local operators in Egypt are complaining that foreign holiday packages are better value when compared to the high costs of domestic air travel.
November 25, 2015
Not sure how to get to Yas Island this weekend? UberCHOPPER's got you covered.
Dubai was officially declared as the venue for the World Expo 2020 at the 158th General Assembly of the Bureau International des Expositions (BIE) in Paris on Wednesday.
Three Emirati female students have invented a smart pen that can convert any wall into an interactive board.
Over the past period, Egyptian-German commercial relations witnessed growth despite the problems facing the Egyptian economy.
Following his two-day visit to Cairo, Russian Defence Minister Sergei Shoigu has confirmed Egypt's request to purchase arms in a rumored $1B deal.
MENA follows in the footsteps of the US and China by launching pre-holiday online sales.
One of Saudi Arabia's biggest construction firms has announced the immediate layoff of 15,000 staff in order to trim budgets affected by low oil prices.
US Noble Energy and the partners in the Leviathan gas discovery have signed a letter of intent with Egypt's Dolphinus Holdings
Attracting and retaining top talent and getting employees motivated doesn't always have to involve a generous salary and benefits package.
A new report has seen a doubling in cybercrime in the first half of 2015, with the energy and telecom industries being the most targeted.
As OPEC prepares to convene on December 4, Saudi Arabia has pledged to work towards stabilizing the market, but analysts doubt that there will be plans to cut production.
Some 35,000 workers are putting the final touches on the circumambulation area and northern plazas of Mecca's pilgrimage site.
Global markets, travel and hospitality stocks slump in the wake of recent high-profile events.
Ahead of the climate change conference in Paris, Somalia claims that its forests have been destroyed to cater to the Middle East's hubbly bubbly obsession.
The Kuwait Fund for Arab Economic Development have agreed to a five-year financing agreement that will boost housing and power projects.
The new British Gas plans to develop Cyprus' hydrocarbon industry has given hope to Lebanon for future spoils - but can they overcome political obstacles?
November 24, 2015
Abu Dhabi-based NMC Health announced that it has entered into an agreement to acquire a 51 per cent shareholding in Fakih IVF Group for Dh696 million.
Glowork, a Saudi agency that matches job-seeking Saudi women to jobs online, took home the social entrepreneurship award at the second iteration of the 2015 Emirates Award for Arabian Gulf Youth.
China Petroleum and Technology Development Corporation (CPTDC) intends to invest approximately $10m in Egypt, Li Qitang, Egypt’s chief office representative, told Daily News Egypt.
The UAE plans to install innovative solar-powered bins across Sharjah that double as hotspots, in line with the country's Innovation Week.
Jedi or Sith? Join the fun ahead of the Star Wars: The Force Awakens premiere, by logging in to your Chrome browser and changing the look of your apps.
A new study by Juniper Research has found that the future of banking includes the use of apps accessed via smartwatches.
The new initiative will provide funding and loans to innovators working in collaboration with UAE financial entities as part of a nationwide sustainable development strategy.
The media group continues its push into movies and entertainment content with a new deal with the Dubai-based Middle East film distributor.
First Gulf Bank, the UAE's third largest lender, follows Standard Chartered and HSBC in cutting jobs in response to worsening economic conditions.
Saudi Arabia's Communications and Information Technology Commission quashes rumors that free net-based apps such as Tango and Whatsapp would be blocked.
Washington-based Institute of International Finance expects Iran's economy to increase by six percent in 2016, compared to MENA's combined growth projection of three percent.
Petra and the Dead Sea are some of Jordan's wonders now available as part of Google's Street View Special Collects.
Egypt's major gas discovery may lead to future self-sufficiency, but in the immediate term, Israel may still meet Cairo's needs.
Officials from the UAE are headed to Amman this week for the first bilateral economic forum aimed at exploring ways to boost investment opportunities between the two countries.
Ask the right questions and make informed choices when it comes to selecting and maintaining a credit card.
With so many people to meet and greet, it pays to prepare for job fairs in advance.
Emirates, the world’s biggest airline by international passenger traffic, conducted a trial using a drone to inspect an aircraft earlier this year and is now looking at using driverless cars as it explores new ways to improve efficiency.
With the current oil price being lower than the breakeven oil prices, the fiscal surplus of GCC countries, which stood at 4.6 per cent of the combined gross domestic product in 2014, is expected to turn into deficit to the tune of 7.9 per cent of GDP in 2015.
November 23, 2015
Middle Eastern retail major Lulu Group is in the final stages of starting its operations in Malaysia with the first hypermarket slated to open in February 2016 in Kuala Lumpur city (Jalan Munshi Abdullah), the company said in a press statement.
The first 250 out of a projected 2000 trainees have graduated from the online initiative, which aims to empower Egyptian youth while boosting Arabic online content.
Jumeirah, part of Dubai Holding, has 23 hotels across the globe but plans 100 hotels by 2020, with Saudi Arabia being top priority.
University student Arshia Badi created the free app for Android, which has pictures and descriptions of Iran's missiles.
International delegates convened under the theme of 'Charitable Donations; Combating the Financing of Terrorism and Violent Extremism'.
Despite the high volume of crude petroleum and refined products being stored by oil firms globally, these numbers be understood in context.
Following a two billion dollar investment, Wuzzuf.com plans to reach one million users by 2020, with ambitious expansion plans in the UAE and Saudi Arabia.
The instruments of Islamic finance offer a more secure approach to debt than western finance, according to a Turkish economist and parliamentarian.
Can you guess which MENA country nabbed a spot among the worst countries for women's empowerment?
Companies must find new ways to cope with the oil slump without firing local staff, as previously laid-off workers return to their jobs.
It's easy to rely on friends or family for financial advice, but the wealth of information available online should also inform your decision making.
The Berlin department store bows to pressure over pulling its settlement-produced wines off the shelf on Saturday.
Fostering a spirit of teamwork is beneficial for your career as well as for the company. Here's why.
November 22, 2015
Investors from the Gulf Cooperation Council are among the biggest international investors in Turkey’s real estate market.
The UAE announced a plan to invest over Dh300 billion ($81.7 billion) and includes new national policies in legislation, investment, technology, education and finance. Its goal is to build a vibrant knowledge economy in the UAE.
Dubai-based e-commerce retailer Souq.com has received $27m in funding from the International Finance Corporation – a member of the World Bank Group – and the IFC Asset Management Company.
Beirut In, a leading online solutions agency in the Middle East, says that digital marketing provides a glimpse of what the future would look like for SMEs in the region.
With new players entering the UAE's leisure market, the industry is pressing ahead with plans to become an international entertainment destination, but there will be challenges.