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When the factory began, two employees managed two looms to produce the famous black-and-white patterned headscarf.
06:55 GMT
In the face of strong competition from China, the traditional, locally produced Palestinian headscarf has put up a show of resistance
They are referred to as 'free visa' workers and often take up jobs as labourers, cleaners and housemaids for very low pay (image: on file).
06:55 GMT
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.
 Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more.
05:55 GMT
The world's biggest oil exporter, having abandoned last year its role of keeping global markets in balance.
The Iranian president noted that his administration also managed to increase the budget for the country’s development over the past two years (image: on file).
05:55 GMT
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).
Called ‘Highlights’, the feature rolled out very recently by the microblogging site is aimed at helping users sift through the large number of tweets on their feed each day.
05:55 GMT
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

The employer needs to hear you respect their time and consideration and that they are top of mind even after the interview (image: on file).
21:33 GMT
You thought you did pretty well at impressing but find that coveted offer letter still evades you.

April 23, 2015

Officials have played down the impact of the phosphate spill in the Nile (image: on file).
22:24 GMT
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.
Saudi Arabia’s economy has been growing at an average rate of 6 per cent per annum (image: on file).
21:50 GMT
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.
ISIS is reportedly also selling oil to customers at very low prices to finance its war machine and collects taxes (Image: AFP/File).
14:56 GMT
U.S. authorities are deeply concerned about the financial capabilities of ISIS.
A new economy team that will take office after a general election to be held on June 7 (image: on file).
14:22 GMT
Özince's remarks came on the heels of existing uncertainty in financial markets that have sparked the exit of foreign lenders from the country.
The agreement, which is to involve 60% of local production, is to kick off in Sharm El-Sheikh (image: on file).
14:14 GMT
A Continental Free Trade agreement between 26 African countries is to be launched from Egypt in June.
The Apple Watch Edition, priced from $10,000, will be available in select retail stores only.
14:02 GMT
Apple’s first smartwatch will be available in the UAE on Saturday, but from the grey market, for a hefty premium.
Dubai property market needs to have more than 25,000 additional flats/villas to bring rents down (image: on file).
13:56 GMT
What is more likely to happen instead is that rents will generally remain stable.
On Monday, the council decided to allow the Kingdom’s universities to introduce blended learning programmes (image: on file).
05:55 GMT
Jordanian universities can now offer online bachelor’s programmes under a decision announced by the Higher Education Council on Tuesday.
Another Opec producer, the UAE, has also trimmed supplies to Asia as it diverts more oil for use at a new refinery (image: on file).
05:55 GMT
Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded.
With progress to be made in efficiency, job satisfaction and wellness, there’s profit to be made from wearable tech (image: on file).
05:55 GMT
The business world is now exploring how it can take advantage of the new possibilities provided by wearable technology.

April 22, 2015

Emirates Islamic’s coverage ratio improved to 97 per cent, compared to 90 per cent at December 31, 2014 (image: courtesy of trade arabia).
18:42 GMT
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.
It is clear that the fall in oil prices has the potential to affect GCC economies significantly (image: on file).
18:34 GMT
But they will still need to hold up against sudden bouts of volatility
The UAE was the only Arab country in the top five choices identified by Arab youth (image: on file).
18:21 GMT
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.
A dominant person will usually want to do things their way and is not necessarily open to new ideas and thinking (image:
17:25 GMT
This type of person can also cross the line from being assertive and self-assured to exhibiting intimidatory and bullying behaviour.
Majan has also received a special citation from the Chinese Innovation and Invention Society for the smart saddle (image: courtesy of Gulf News).
17:07 GMT
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 also will relax its previous rule that prevented people from seeing multiple posts from the same source.
16:56 GMT
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.
Oxford Economics, in another report, also suggested 277,149 jobs will be created in the next seven years (image: on file)
09:31 GMT
Shaikh Mohammed invites businessmen to invest in mega event to be held in Dubai
The airline, which currently flies to 146 destinations around the globe, will implement the frequency increases.
09:20 GMT
Qatar Airways plans to increase the frequency of weekly flights to 10 of its most popular destinations throughout the Middle East and Europe
Charney also cautioned that measures such as these were not really a “panacea” for the growing cyber security threat landscape (image: on file).
09:16 GMT
Microsoft’s move to get rid of passwords and introduce biometric verification in its upcoming Windows 10 OS upgrade will greatly improve security.
Abu Dhabi residential rents have increased by 12 per cent in the last year (image: on file).
09:04 GMT
Real estate agents are expecting a slowdown in the Abu Dhabi market due to the continued impact of low oil prices.
The initial oversupply came mostly from a boom in US shale production, which was turning Americans from OPEC's biggest customer into a competitor (image: on file).
08:30 GMT
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 Council of Saudi Chambers (CSC) said that it feared that raising of the Saudization rate at this time would have a negative impact on the job market as companies.
08:12 GMT
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

45,000 Holocaust survivors in Israel, 23%, live below the poverty line, and 36% of Holocaust survivors live alone
22:06 GMT
There are 189,000 Holocaust survivors still alive in Israel today.
The Canadian company did not disclose financial details about the acquisition (image: on file).
21:54 GMT
Blackberry will set up a development center in Israel based on the acquisition of WatchDox.
The dollar’s fluctuations are milder, which is why many countries peg their currencies to it (image: on file).
21:50 GMT
It's good, but all good things come at a cost.
Morocco is driven by the fact that it imports almost 94 per cent of its energy requirements (image: shutterstock).
21:04 GMT
Morocco is said to be well in front to be a regional leader in developing renewable energy sources.
Meanwhile, new-well oil production has accelerated as drillers look to squeeze more oil from rigs (image: on file).
20:21 GMT
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 Saudi stock exchange’s trading activity is dominated by local retail investors (image: on file).
20:12 GMT
The process of opening up the stock market should also be accompanied by increased transparency from administrative bodies.
more than half of Emiratis (54 per cent) who want to own a new flat or villa prefer cash or cheque payment when buying a piece of property in the UAE (image: on file).
14:58 GMT
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.
“Remittances of Lebanese expatriates increased from $7.86 billion in 2013 to $8.9 billion in 2014.”
14:50 GMT
Lebanon registered the second-highest growth among the 15 largest recipients of remittances in developing economies last year.
The move also comes as Saudi is preparing to open its stock market to foreign investors by June (image: on file).
14:44 GMT
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).
Some people are not motivated by reward, you give the promise and there is no change in their performance, which really means there is no change in their attitude (image: on file).
08:32 GMT
Where a carrot and stick policy will not work, use motivation as a power of change.
Shaikh Hamdan Bin Mohammad said that Islamic economy is witnessing accelerated growth across all sectors (image: on file).
08:18 GMT
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.
There was a time when business jets were a status symbol, an elite form of transportation (image: on file).
08:13 GMT
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.
As of the first three months of the year, businesses such as Saudi Aramco are still recruiting expatriates
07:58 GMT
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

US undersecretary of commerce for international trade says a lot of work to be done before reaching a final agreement with Iran
18:32 GMT
A lot of international companies are knocking the doors of Iran for investment especially in the energy sector, Iranian officials recently said.
The government is currently negotiating a $500 million loan from the World Bank to build affordable housing (image: on file).
18:27 GMT
The Arab country’s economy is recovering from four years of political upheaval.
Fourteen Israeli companies are participating in the event, scheduled to take place every two years in Singapore.
18:08 GMT
The representatives held meetings with an Israeli company at Interpol World 2015 in Singapore.
Initial experimental deployment of the system on the Israel-Gaza border began in April 2014, three months before Operation Protective Edge.
17:51 GMT
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 plans to cut costs and is well positioned to deliver sustainable growth.
17:36 GMT
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.
He stressed that the draft budget had no vision or planning and said the Finance Ministry needed new blood and people with fresh ideas.
14:27 GMT
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.
At the Institute of Management Technology (IMT), students registering for a course at Getex were given an Apple MacBook Air.
14:15 GMT
Universities in Dubai are lining up free iPhones, MacBooks and cash prizes in an all-out frenzy to attract students.
The longer people wait to prepare financially and save for their future, the more they will have to work hard to reach their desired goals (image: on file).
07:55 GMT
Nearly half (44 per cent) are not confident that they will fulfill their financial goals when they leave the country
Kampac said the project is likely to take up to 15 years for completion, with the first phase expected to be ready as early as 2018.
06:55 GMT
Kampac Oil, a Dubai-based oil and gas company, plans to double its investments in the Philippines to more than $10 billion.
The good news is that most job seekers possess these skills to some extent, and the better news is that you can improve these skills through training.
06:55 GMT
Once you understand the skills employers look for, you will be able to successfully tailor your job search,
He added that seven to eight Chinese vehicle brands are available in the UAE (image: on file).
05:55 GMT
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.
The initial subscribed capital of AIIB will be $50 billion and is planned to be increased to $100 billion (image: on file).
05:55 GMT
Jordan and 56 other countries will be founding members of the China-led Asian Infrastructure Investment Bank (AIIB),
A power station will come up on a sprawling 50,000 sq m land at Dagharah area, while another one will be built on a 50,000 to 60,000 sq m site at Al-Suniyah area (image: on file).
05:55 GMT
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 Council will take its decision after examining the report of the finance committee (image: on file).
21:19 GMT
The Shoura Council on Monday will vote on a proposal to convert the proposed sports stadiums into fully fledged sports villages.
The Transportation and Telecommunications Ministry has given local agents Taj Al Khaleej Travel and Tourism official permission to make the arrangements. (Image: Wikimedia Commons)
14:21 GMT
Syrian Air is set to resume flights to and from Bahrain from May 2, a report said.
The International Monetary Fund, the world’s lender of last resort, has recently released a report on the effect of financial panics on Islamic banks.
14:05 GMT
Preliminary results by the report indicate that Islamic banking branches are less likely to experience a run on deposits compared to their conventional counterparts.
According to the resolution, the MBRSC is mandated to develop research, projects and studies on space.
13:50 GMT
The center will support UAE's drive for advancing this sector and for building national capabilities related to the space knowledge and science.
Juggling working life and responsibilities at home is one of the biggest challenges facing working women in the GCC.
13:27 GMT
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.
Kotil addressed 86 newly trained pilots at a THY pilot training center in İstanbul on Thursday.
13:10 GMT
Turkish Airlines CEO has recommended single pilots who have recently completed training with the airline get married as soon as possible.
Uncertainties might continue to add to volatile swings in markets.
13:03 GMT
After a lackluster first quarter in the UAE equity markets, market participants say the second quarter looks more promising.
The chairman was at the helm of Arabtec during last June’s market crash, following a dispute that led to the resignation of CEO Hasan Ismaik and the dismissal of much of the management team.
12:49 GMT
Riad Kamal, who founded Arabtec in 1975, was also not on the list, although his departure was considered less surprising.
In its rating action, Moody’s has also lowered Bahrain’s foreign currency bond ceiling to Baa 1 from A3 and the foreign-currency deposit ceiling to Baa 3 from Baa2.
06:55 GMT
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.
Moqaddam said that Chinese banks are investigating a plan to finance Iranian projects at three times the amount of money Iran has in China (image: on file).
05:55 GMT
Iranian Deputy Oil Minister Abbas Sheri Moqaddam has said that China has so far invested €20 billion in the country’s oil industry.
One factor holding back the i3 is recharging infrastructure, which is not in place right now in the Middle East, he says.
05:55 GMT
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.
The UAE currently uses drones for official purposes such as to deliver documents and packages to its citizens as part of its efforts to upgrade government services.
05:55 GMT
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.
Al-Mestarayah recruited 100 delegates to collect the money, in return for 20% of the collected money.
05:55 GMT
Prosecution investigations revealed that a notorious conman, known as Al-Mestarayah, has scammed Egyptians.
Research has found that Self-Driving cars, when introduced in the United States, could reduce crash costs by up to $488 billion and boost productivity by $645 billion (image: pixabay).
05:55 GMT
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%.
The source further explained that Kuwait will be targeting between “5%-10% shares of large transactions” in Egypt.
04:55 GMT
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

Despite the hurdles they face, the majority of working women in the region are quite ambitious.
17:34 GMT
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.
The market for theme parks in the UAE was valued at Dh1.6 billion in 2014.
17:19 GMT
The UAE is expected to see an increase in amusement parks over the next five years.
Turkey has been declared as the host for the conference on Halal Tourism- a sector that is currently worth $150 billion (Dh550.5 billion).
12:36 GMT
Conference to discuss and shape the agenda on Halal Tourism

April 16, 2015

Even assuming a conclusion of a nuclear agreement in June, it would take a while for its economic impact to be felt on the ground.
19:51 GMT
The economic implications of lifting the sanctions would be enormous for Iran but it would take about a year to be felt in full and growth could accelerate from around 3 per cent in fiscal year 2015-16.

The governments need to urgently scale up their efforts, notably to prioritise the education needs of vulnerable and disadvantaged families, urged the report.
19:45 GMT
Despite impressive progress in raising school enrolment over the past decade, more than 21 million - one in every four children and young adolescents region are either out of school or at risk of dropping out,
Saudi Arabia announced last July that it would permit direct foreign purchases of shares in the first half of 2015 (image: on file).
19:35 GMT
Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15.
The UAE is strengthening its position as one of the most popular destinations in the world, with flight bookings to the country increasing significantly in recent years (image: on file).
19:25 GMT
Expedia has examined its own data to find out where the biggest flight bookings to Dubai come from
In today’s hyper-connected world, it is no longer a question of whether you will be attacked — but when?
19:20 GMT
Cyber security has always been a headache not only for the consumers but also for the enterprises and it will always continue to be.
Four new gas-powered power plants will have
a total capacity of 900 megawatts (image: on file).
19:13 GMT
Egypt has signed preliminary deals with Kuwait's Alghanim International for two energy-related projects worth a total of $1.6 billion.
The survey also found that up to 63 per cent of the respondents plan to move to a new house before their next lease renewal.
19:02 GMT
Most Dubai residents – up to 82 per cent – faced a rental increase during their last contract renewal, according to a new survey.
Oil prices jumped on Wednesday after US inventories built up more slowly than expected and talks between major oil producers this week triggered speculation of production cuts.
09:31 GMT
Brent crude oil hit 2015 highs above $63 per barrel on Thursday after a rally of more than 5 per cent the previous session and analysts said more price rises were likely despite market oversupply.
“Today’s teenager is tomorrow’s potential regular customer, and the overwhelming majority of smokers first begin to smoke while still in their teens.”
09:15 GMT
The Middle East, which has the most rapidly growing rate of smokers on the planet, has become a lucrative marketplace for tobacco companies.
Currency, interest rates and deposits showing signs of stability, according to central bank Governor Riad Salameh (image: on file).
09:00 GMT
Lebanon’s economy is coping with fallout from the four-year war in neighbouring Syria, with the currency, interest rates and deposits showing signs of stability.
if things go well, that the six powers and Iran will sign a final agreement on Tehran’s controversial nuclear programme (image: on flle)
08:50 GMT
The world — and the Arabian Gulf in particular — is awaiting a significant event less than three months from now that will have geopolitical and economic ramifications
In 2013, the IMF’s projections for real GDP growth was 2.2% (image: on file).
08:45 GMT
Growth forecasts for Egypt’s real gross domestic product (GDP) were raised to 4% in 2015 and 4.4% in 2016, the International Monetary Fund (IMF) said in its World Economic Outlook report.
Gulf carriers have been proving the economic impact they have on Western markets after their European and American peers criticised them of receiving unfair government subsidies (image: one file).
05:55 GMT
UAE flag carrier Etihad Airways’ core operations in Europe contributed a total of $1 billion to the combined GDP of the European Union’s (EU) economy and supported up to 11,000 jobs.

April 15, 2015

This is higher than the Dh3.366 billion average forecast for net profit this year by eight analysts,
22:48 GMT
Emaar Properties expects a 2015 net profit of Dhs3.695 billion, higher than the Dhs3.366 billion average forecast.
Neither the DFSA or Deutsche would disclose whether any action had been taken against individuals (image: on file).
22:39 GMT
Deutsche Bank must pay the largest ever fine levied by the regulator of Dubai's financial free zone for what the watchdog described as "serious contraventions"
Employees want to feel secure
22:33 GMT
What do the people you employ really want? This is the question that I asked an audience of HR professionals last week in London.
Inspired by the works of glassblowers and artisan metalsmiths, the Samsung Galaxy S6 Edge represents a seamless fusion of glass and metal (image: on file).
16:39 GMT
Smartphone fans in the UAE snapped up the latest Samsung mobile units in Dubai, clearing the shelves of one distributor within just a couple of days.
The wheat harvest lasts from April to June.
16:22 GMT
The world’s largest wheat importer needs around 9.5 million tonnes of wheat to produce subsidised bread, the main staple food for Egyptians.
The deal has been approved by each company's board of directors and is expected to close in 2016 subject to regulatory approval.
14:13 GMT
Nokia says it is acquiring French telecom company Alcatel-Lucent through a public exchange offer in France and the United States.
The announcement,  Mohammed Choucair, who also warned of grave consequences for the Lebanese economy if the verbal campaign against Saudi Arabia continues.
13:49 GMT
A high-ranking Lebanese business delegation is expected to visit the Gulf states on May 16 in a bid to ensure that strong economic ties with Lebanon remain intact.
OPEC agreed to maintain production at its meeting last November in spite of pressure to curb output and stabilise sliding prices,
09:59 GMT
Last week, Naimi said the kingdom stood ready to “improve” prices but only if other producers outside OPEC joined the effort.
Overall, the construction sector topped the list of employers, with a total of 1.5 million workers – accounting for about 34 per cent of total employment,
09:46 GMT
The UAE has been seeing a steady increase in job opportunities thanks to an improving and diversifying economy.
Rising consumption and falling production has turned the country from an energy exporter to a net importer.
06:55 GMT
Egypt moved closer to easing its chronic power shortages this month with the arrival of a floating import terminal marking the start of imports of super-cooled LNG.
The law also stipulates that the finder of any lost or abandoned property is entitled to receive a 10 per cent reward from the total value of the property (image: on file).
05:55 GMT
Those finding abandoned plots of land in Dubai are required to report the property to the police within 48 hours
“Easing bankruptcy law will give confidence to business community as well as banks. It’s long overdue,” Gianchandani said.
05:55 GMT
It suggests a package of five policy initiatives to sustain the growth of the financial sector and to spur foreign direct investments (FDIs).
The Gulf states saw $2.8 billion of inbound real estate investments in 2014, far less than the outbound investments from the region to destinations such as Europe.
05:55 GMT
“If we are spending $14 billion out, we should at least be able to get $14 billion in. That is what the opportunity is.”

April 14, 2015

The bank’s past experience in integrating previous acquisitions will “ensure a smooth transition for the clients of this business,” he added.
18:06 GMT
Swiss private banking firm Union Bancaire Privee (UBP) is hoping to boost its Middle East operations following its recent acquisition of the overseas operations of Coutts from the Royal Bank of Scotland (RBS).
Egypt’s railway, which transports around 1.4 million passengers every day, has been struggling with an outdated system for years (image: on file).
18:02 GMT
Egypt signed a $600 million framework agreement with the China Railway Construction Corporation Limited to renovate railway tracks along the the national railway network.