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March 26, 2017

Major terror attacks have had variable degrees of impact on stock markets worldwide. (File photo)
19:00 GMT
Analysts expect that global markets will continue in their fluctuating performance with a tendency to decline, after the British parliament attack.
Real estate remains a major pillar of Lebanon’s economy. (File photo)
18:00 GMT
A study said the demand for real estate in Lebanon showed some improvement in 2016 compared to 2015.
The UAE has taken precautionary measures on imported food products from Brazil. (Shutterstock)
17:00 GMT
New restrictions on the import of Brazilian meat will have major impact on the UAE food industry.
The Apple Watch. (Pexels)
16:46 GMT
This new patent feature by Apple for the Apple Watch is guaranteed to reduce distracted driving!
Millions of dirhams have been spent by UAE businessmen purchasing licence plates in auctions. (File photo)
16:34 GMT
Why is so much money being spent on car number plates by businessmen in the UAE?
Step #3: Try to schedule the tasks that need concentrations when your office is quiet. (Pexels)
16:14 GMT
Here’s what you can do to deal with the distractions of a busy office.
Quriyat, Oman. (Shutterstock)
16:00 GMT
Oman will soon have a multimillion-dollar integrated tourism complex along the eastern coast of Quriyat.
Al-Abdali area in Amman. (Shutterstock)
14:59 GMT
Amman ranked most expensive Arab city to live in, according to the Worldwide Cost of Living Report 2017.
Doha, Qatar. (File photo)
14:08 GMT
The introduction of a 5 percent value-added tax (VAT) in GCC countries will have a marginal effect on inflation, according to a new report.
Emaar Malls is the shopping center unit of Dubai’s biggest publicly traded property developer. (File photo)
13:30 GMT
Dubai's Emaar Malls made a bid for online retailer Souq.com seeking to challenge an existing offer from Amazon.
Expats are advised to secure their own retirement as early as possible. (Pexels)
12:00 GMT
Nearly 70 percent of expats in the GCC do not have any form of pension or guaranteed savings.
Qatar, like other Gulf countries, has been seeking efficiency savings due to lower revenues from hydrocarbons. (Pixabay)
11:03 GMT
Qatar Foundation, the state-owned non-profit, will soon lay off around 800 staff, according to reports.
The Uber app. (File photo)
10:40 GMT
Non-Saudi drivers working for app-based ride-sharing services will be penalized as part of moves to saudize the Kingdom’s transportation sector.
Abu Dhabi's Waha Capital reaps the fruits of its diversification strategy. (File photo)
10:23 GMT
The shareholders of Waha Capital approved a 20 percent cash dividend for eligible shares at its annual general meeting, held on Wednesday.
Qatar goes dark and green for Earth Hour. (Shutterstock)
08:54 GMT
On the occasion of “Earth Hour”, Qatar released data related to its domestic and industrial consumption of electricity.
Lesson #1: Embrace diversity. (Shutterstock)
06:00 GMT
Any destination you reach is bound to teach you a thing or two about life.

March 23, 2017

Costing QR6.5 billion, Doha Festival City is set to be among the largest malls in the GCC when it opens in April. (Shutterstock)
16:40 GMT
Qatar over the years has not only become a tourist destination but also a shopping haven.
The Islamic, or halal, food industry is valued at about $2 trillion a year. (File photo)
16:06 GMT
Oman has several advantages in attracting investment in Sharia-compliant industries, including halal food.
Saudi Arabia's beef imports from Brazil were 28,676 tonnes in the period from February 2016 through January 2017. (Shutterstock)
15:48 GMT
Saudi Arabia has halted chicken and beef imports from four Brazilian companies for safety measures.
You will now be able to book a table or squeeze in a trim at a local barber with simple clicks on the Instagram app.
 (Shutterstock)
14:39 GMT
Instagram is reportedly looking to do more for advertisers.
There are certain neighborhoods in Dubai in which you can rent out apartments without having to burn a hole in your pocket. (Shutterstock)
14:17 GMT
Your house rent in Dubai doesn't have to be the straw that breaks the camel's back.
Along with drivers, now even passengers will face fines for failing to wear seat belts. (Shutterstock)
13:58 GMT
The UAE government this week introduced new amendments to federal traffic laws, in a bid to make the country's roads safer.
The college of dentistry at University of Dammam. (University of Dammam)
11:39 GMT
University of Dammam has appointed its first female dean since its opening in 1975.
Saudi Aramco's IPO is scheduled in the second half of 2018. (AFP/Fayez Nureldine)
11:03 GMT
Saudi Aramco is seeking to issue $2 billion worth debut Islamic bond sale, the first step of a plan to tap markets for an estimated $10 billion.
The banned Middle East carriers include Emirates, Etihad Airways, Qatar Airways, Royal Jordanian, Saudi Airlines, and Turkish Airlines. (File photo)
10:14 GMT
While airlines are still trying to assess the extent of financial hit from the gadget ban on US and UK flights, experts are already estimating big losses.
Chinese 3D printing firm will build 1.5 million 3D printed houses in Saudi Arabia. (Shutterstock)
09:34 GMT
Chinese 3D printed housing company WinSun said it has reached an agreement with Saudi Arabia to lease 100 3D printers.
Several countries are suspending their imports of meat from Brazil in the wake of allegations that companies had been exporting rotten meat. (File photo)
08:00 GMT
Jordan said it will not halt imports following allegations that Brazilian meat exporters have been selling rotten meat with falsified certificates.
The UAE has seen a 12 percent increase in tourists after it offered visas on arrival to visitors from China and Russia. (File photo)
07:00 GMT
Dubai has reported a 12 percent year-on-year increase in visitors in January and February with over 3 million tourists recorded.
Emir of Kuwait Sheikh Sabah Al-Sabah and Turkish President Recep Tayyip Erdogan during the signing ceremony in Ankara. (QNA)
06:00 GMT
Kuwait and Turkey on Tuesday signed a vast array of agreements to boost bilateral cooperation.
Syrian army troops near the war-torn ancient city of Palmyra. (AFP/File)
05:00 GMT
The UAE announced that it would make a financial contribution of $15 million for the protection of heritage sites in conflict areas.
The UAE aims to increase the number of UAE nationals working in the private sector by tenfold by the year 2021. (File photo)
05:00 GMT
Emirati job seekers will be able to tap into new employment initiatives at the 17th edition of Careers UAE next month.

March 22, 2017

The Mediterranean city came out at number 1 in a readers-chosen survey conducted by Travel and Leisure.
 (Shutterstock)
16:15 GMT
Beirut has been ranked among the world’s best cities to eat in.
Egypt is raising the fees for its multiple entry visa from US$25 to US$60. (File photo)
16:00 GMT
Egypt to raise its visa entry fees starting from July.
'Mint' links up with your bank accounts and credit cards and breaks down your expenses into different categories. (Web/Charlie White)
15:48 GMT
Whether it’s keeping track of your expenses or getting reminders about your bills, there are apps for that.
Step #1: Be aware of your special circumstances. (File photo)
15:07 GMT
How you handle a career crisis and its aftermath could set you back on track - or further complicate matters.
The train will cover the distance between Jeddah and Mecca in 30 minutes. (Shutterstock)
15:00 GMT
The Haramain train will start operation in 2018, local daily Al-Madina reported on Tuesday.
Syrian refugees in Jordan represent almost 20 percent of the country's population. (AFP/File)
14:18 GMT
Of the total funding requirement for aid to refugees this year, 3 percent was received until mid March, according to UNHCR.
The iPhone 7 and iPhone 7 Plus Special Edition (PRODUCT)RED are going to start getting sold from March 24. (Apple)
13:44 GMT
Apple has announced a brand new iPhone 7 and iPhone 7 Plus model and the company is calling it the iPhone 7 Special Edition (PRODUCT)RED.
Amazon has restarted talks to acquire Souq.com for as much as $650M. (Shutterstock/ Eric Broder)
13:17 GMT
Amazon will resume takeover talks for Souq.com, after discussions stalled in January due to a disagreement over the price.
Field and well development plans are already underway and the first development well has been drilled. (File photo)
12:00 GMT
The second phase of BP’s Block 61 gas project in Oman is expected to deliver 0.5bn cubic feet of gas per day by 2020.
The UN warned last year that Gaza may become uninhabitable by 2020. (AFP/File)
11:00 GMT
The Gaza Strip faces a serious water shortage, warns a top Gaza official.
Saudi Arabia wants to boost the percentage of women in the Saudi workforce to 28 percent by 2020. (File photo)
10:06 GMT
The Saudi Ministry of Labor said the Nitaqat program aims to provide job opportunities for Saudi nationals and reduce the unemployment rate to 9 percent.
The laptop ban is believed to come amid fears over new terrorist tactics. (File photo)
09:19 GMT
AP reported that Canada and France could soon follow suit with US ban on laptops and other large electronic devices.
The UK imposes ban on laptops on flights from six Middle East countries: Lebanon, Jordan, Egypt, Tunisia, Turkey, and Saudi Arabia. (File photo)
08:30 GMT
Passengers on flights to the UK from the Middle East and North Africa face a ban on laptops and iPads, amid fears over new terrorist tactics.

March 21, 2017

The Trump family’s expenses during business trips abroad have been placed under scrutiny since the president assumed office. (Facebook)
18:00 GMT
The recent trip to Dubai by US President Donald Trump’s sons have cost taxpayers quite a sum of money, according to reports.
A man serving tea in Cairo. (Shutterstock/ Orhan Cam)
17:00 GMT
The inflation rate in Egypt, one of the country's main problems since last year’s flotation of the pound, hit its highest level in 30 years in February.
At least 38 people were killed and another 39 injured after two gunmen attacked a beach hotel in the Tunisian city of Sousse in June 2015. (AFP/File)
16:00 GMT
Despite a 33% increase in tourist entries in 2017, the number of French tourists visiting Tunisia is not yet satisfactory, says the Tunisian National Tourist Board.
Bill Gates’ fortune grew from an estimated $75 billion last year to $86 billion in 2017. (Shutterstock/ GongTo)
15:00 GMT
Microsoft co-founder Bill Gates is at the top of Forbes magazine's annual list of the world’s billionaires that was released Monday.
GCC governments have taken steps to shift the burden of funding services such as healthcare to the private insurance sector and away from government. (File photo)
14:13 GMT
Despite low oil prices and modest growth levels in 2016, S&P believes that the GCC health sector will still offer insurers opportunities.
The stone, valued at $60 million, has received the highest color and clarity grades from the Gemological Institute of America (GIA). (Sotheby)
13:15 GMT
The world’s rarest of all diamonds that went on display in Dubai last week will be auctioned in Hong Kong next month.
The increase in tobacco prices was mainly due to an increase in transportation, housing, water, electricity and fuel categories. (File photo)
13:00 GMT
Oman’s annual inflation rose to 2.38 percent year-on-year, with prices of tobacco products jumping by 23.23 percent in February.
Princess Haya began horse riding internationally when she was 13. (Facebook)
12:54 GMT
In her article titled "What are the attributes of a racehorse?", Princess Haya says that racehorses represent an excellent return on investment.
Bukhowa will be responsible for overseeing the bank’s operations, as well as the management of the international corporate and institutional clients’ segment in Qatar. (Gulf Times)
11:55 GMT
Standard Chartered Bank has appointed Abdulla Bukhowa as its new CEO in Qatar, the first Arab and GCC national to assume this position.
61% of UAE respondents expect the cost of living to increase in the next six months. (File photo)
11:37 GMT
Do you live in the UAE? What specifically should you expect during the year ahead? Here's an analysis of the economy and job conditions in the UAE.
Sheikh Mohammed bin Rashid Al Maktoum deemed the event as a national achievement accomplished by the country. (WAM)
11:03 GMT
Sheikh Mohammed bin Rashid inaugurated the phase 2 of the Mohammed bin Rashid Al Maktoum Solar Part at Seih Al Dahal in Dubai.
Lebanon believes that its economic waters contain 850 million barrels of oil and no less than 2,700 BCM of natural gas, similar to Israel's potential, including the fields that have already been discovered.  (Shutterstock)
10:00 GMT
Israel claims that three of Lebanon's blocks being offered for exploration are within Israel's marine border, and has called on the US and the UN for intervention.
Saudi Arabia is also developing a study into solutions for concealed commercial activities, in which expats work in the name of Saudis, such as allowing foreigners to invest within regulations by paying tax.(Shutterstock/Fitria Ramli)
09:00 GMT
Saudi Arabia is reportedly studying procedures to impose two types of tax for foreigners with self employed status.
High net-worth individuals (HNWIs) are defined as individuals with $2 million (Dh7.34 million) or more in investment assets. (File photo)
08:00 GMT
The GCC's high net-worth individuals (HNWI) have a positive outlook for the global economy over the next 3-5 years, but oil prices and instability remain a concern.
The resumption of Saudi oil deliveries to Egypt signal a potential thaw in relations after months of tension.  (AFP/Hassan Anmar)
07:00 GMT
Two shipments of gasoline from Aramco will arrive on March 25 or 26, after two other shipments of diesel oil arrived over the past two days at the seaports of Suez and Ain Al-Sokhna.
According to Royal Jordanian, the new rule applies to flights both to and from the US.  (AFP/File)
06:00 GMT
Passengers from 13 countries will need to check in devices such as Kindles, iPads, laptops and cameras larger than mobile phones under a new TSA requirement leaked by RJ and Saudia.
The iPhone 7 generation with an IP67 rating claims water resistance in “up to a depth of 1 metre for up to 30 minutes.” (Apple/Twitter)
05:56 GMT
Pro surfer Kai Lenny took to the waves to test the water-resistance claims of the iPhone and iPhone 7 Plus.

The current portfolio of the World Bank in Egypt includes 22 projects for a total commitment of about $8.1 billion. (File photo)
05:17 GMT
The World Bank has granted Egypt with the second billion of a $3B loan to support its economic reform program.

March 20, 2017

The real estate sector in Egypt is driven by strong demand from a young population looking to purchase their own home. (File photo)
15:56 GMT
Egypt tops the list of the fastest-growing mortgage markets in the world in 2017.
Samsung wants you to replace your paintings with its new TV. (Shutterstock)
14:12 GMT
It’s only a matter of time before traditional paintings hung on walls are replaced by digital screens, and Samsung is already there.
Step #1: Be the exact type of candidate the employer is looking for. (File photo)
13:50 GMT
If you’re one of the many people looking for an accounting job in the UAE, fear not, we have the right steps for you.
Lebanon will not be affected by hikes in US interest rates. (Shutterstock)
12:51 GMT
Interest rates in Lebanon will not rise for the time being unless rates in the U.S. soars to 2.5 percent, a Central Bank source said.
The W Dubai Hotel in Al Habtoor City . (Facebook)
12:22 GMT
The W Dubai Hotel in Al Habtoor City has launched 72 suites with prices for the largest starting from Dhs35,000 ($9,529) per night.
Kuwait is expected to be the only Gulf state with a budget surplus this year. (File photo)
11:35 GMT
Kuwait scored big with international investors this week with an estimated four-time over-subscription of its first international bond issue.
Qatar's Hamad International Airport. (Shutterstock/ Elena Mirage)
10:15 GMT
Consumer aviation website Skytrax has just released its World Airport Awards 2017 and Qatar's Hamad International Airport is on the list.
Women face a number of social obstacles in obtaining suitable jobs and they often cannot find reliable transportation. (Shutterstock)
09:00 GMT
Saudi Arabia's new remote employment program is the latest effort to increase women's participation in the workforce.
Main Hot Springs, Jordan. (Flickr)
08:00 GMT
The challenge of managing water utilities in “fragile environments” in the Arab region is the focus of the fourth Arab Water Week, taking place at the Dead Sea in Jordan.
Bank Audi entered the Egyptian market in March 2006 and succeeded in consolidating its position to become a leading bank in Egypt.  (File photo)
07:00 GMT
Bank Audi, one of the oldest banking institutions in Egypt and Lebanon, eyes expansion in Lebanon, Egypt, and Turkey with Bank Audi Egypt looking to double its share in the Bank Audi Group.
Keeping your engine on when not necessary is a sure way to waste petrol. (Shutterstock)
05:41 GMT
Ways to save on fuel, because every bit counts.
Demonstrators protest against the government's decision to raise taxes to cover a salary increase for teachers and other public servants, Beirut,  March 19, 2017.  (AFP/Stringer)
05:06 GMT
Thousands of Lebanese citizens have been marching the streets of Beirut in protest against plans for tax increases that they say would impact on the least well-off.
The deal aims to promote the Kingdom’s economy, develop the ICT sector and build national talents who could lead the digital transformation drive at the national level. (Wikimedia Commons)
05:00 GMT
Oracle will invest in the IT sector in support of Saudi's plans to diversify the economy and create new job opportunities for youths.

March 19, 2017

It is only the second time the iconic New York store has opened its doors outside of the US; the first was in Dubai Mall nearly eight years ago. (Photo courtesy of Gulf News)
13:00 GMT
Al Tayer believes that despite dwindling popularity in the US, the trend for large department stores is all the rage in the Gulf.
Saudi Arabia has sought to boost oil sales to China after losing market share to Russia last year. (File photo)
12:33 GMT
Saudi Arabia and China have agreed to increase their cooperation in the oil sector, including in Saudi oil exports to China.
More and more social media users are becoming easy preys to social media hoodwinkers. (File photo)
11:47 GMT
A UAE prosecutor has urged the public, and especially women, to be extra vigilant while using social media networks.
The plant, planned to launch in December 2017, will make it possible to save the equivalent of six million cubic metres of gas per year. (File photo)
11:26 GMT
Algeria's national hydrocarbon group Sonatrach laid the foundation stone of a new solar plant project in Bir Rebaa, Ouargla (800 km southeast of Algiers).
The water desalination plant was inaugurated on 18 March 2017 by Jordan's Prime Minister Hani Mulki. (Jordan News Agency/ Petra)
10:12 GMT
Jordan's first water desalination plant opened in Aqaba on Saturday.
Saudi Arabia's first female tourist guide wants her country to allow more and more women to become tourist guides. (File photo)
09:55 GMT
A Saudi woman sets a milestone by becoming the country's first female tourist guide.
US Fed officials indicated in December that three rate hikes would be likely for 2017. (Shutterstock)
09:09 GMT
If the US Federal Reserve increases rates two more times this year, as is widely expected, consumer's borrowing cost will go up by one per cent.
Traders across Lebanon increased their prices although the debate over the new taxes has not been concluded yet. (File photo)
09:00 GMT
Many merchants in Lebanon rushed to increase the prices of certain commodities even before the implementation of proposed taxes by the government.
Sources say it would take at least three years for enough private hospitals to open in the country for expats to be barred for public facilities. (Shutterstock)
08:00 GMT
increased fees for health services and the denial of access to certain procedures like magnetic resonance image scanning and endoscopies, would be more immediate.
CMA will take part in the eleventh meeting of the Arab Securities Commissions Association to be held in Tunisia.  (Shutterstock)
07:00 GMT
The CMA MoU will strengthen cooperation in the implementation of laws relating to the issuance of securities and other investment instruments, supervision of stock markets, and setting professional standards.
Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. (File photo)
06:00 GMT
After trailing for five years, Islamic banks have become more profitable than their conventional counterparts in 2016 according to a report by Moody’s Investors Service.
2Do is a web and mobile app designed to keep track of your commitments with action items.  (Shutterstock)
05:58 GMT
Get more out of your workday with the help of your smartphone.
The contracts have been included in the fiscal budget of 2017/2018 and are part of the integrated plan which involves 42 contracts. (Shutterstock/MikeDotta)
05:11 GMT
Kuwait is set to award a total of 13 maintenance contracts worth $164m.

March 16, 2017

Government employees and public and private school teachers have routinely protested for increased benefits and full employment. (File photo)
15:00 GMT
The Lebanese Parliament has resumed salary scale discussions, with lawmakers expected to endorse the new salary hike for civil servants and public and private teachers.
Low prices of soft drinks and junk food have been blamed for rising rates of diabetes and obesity across the Gulf region.  (Shutterstock/Dmitrydesign)
14:00 GMT
Alongside a VAT of 5 percent from 2018, the UAE will be introducing taxes on items deemed to be harmful to health such as tobacco, energy drinks and soft drinks.
The agreements between Saudi Arabia and China will cover a variety of issues, ranging from energy to space technology. (AFP/Lintao Zhang)
12:53 GMT
Saudi Arabia’s King Salman oversaw the signing of deals worth potentially $65bn as he began a visit to Beijing on Thursday.
Governments in the Middle East are committed to energy reforms and have implemented energy reducing tactics. (Shutterstock)
12:00 GMT
Greenfield activities continue to dominate power and utility transactions in the region, attracting $8.7 billion of investment last year.
The convict was initially arrested by Dubai Police in August last year for sharing a Facebook post against his former employer Malabar Gold and Diamonds. (File photo)
11:43 GMT
An Indian man accused of defaming a jewelry group in Dubai on social media has been slapped a fine of $68,000 (Dh250,000) and deportation.
The new rules will allow schools to operate in their existing premises if they follow all safety and security procedures and have a plan to renovate and develop the rented buildings.  (File photo)
11:00 GMT
Saudi's Ministry of Education had issued new rules requiring private schools to move to buildings more suitable for education within two academic years, threatening the closure of many schools.
The ministry of labor wants to train 50 percent of Saudis working in the non-profit sector by 2020. (Shutterstock)
10:21 GMT
Saudi Arabia's Ministry of Labor said it plans to professionalize the main occupations in the non-profit sector and add 60,000 job opportunities.
 IATA expects 2017 to see a further decline in profitability. (File photo)
10:00 GMT
IATA's chief Alexandre de Juniac, said the Association was “heavily concerned” about protectionist rhetoric gaining momentum across the world as it would hurt the aviation sector.
The drop in the price of oil has caused large-scale damage to the economies of the region. (File photo)
08:58 GMT
Arab banks are expected to drop in liquidity due to the expected decline in deposit growth and a regression in asset quality, according to the president of the World Union of Arab Bankers.
US and Saudi officials intend to consult on additional steps to deepen commercial ties and promote investment, and to expand cooperation in the energy sector. (AFP/Nicholas Kamm)
07:00 GMT
Deputy Crown Prince Muhammad Bin Salman has met with the US President and announced the development of a new Saudi-US investment program.
Saudi banks are more profitable than most of their GCC peers. (File photo)
06:00 GMT
According to a new report, Saudi banks are more profitable than most of their GCC peers.
Be open with your significant other about your full financial picture. (Shutterstock)
05:27 GMT
Both people in a relationship should understand how their financial habits impact — positively or negatively—the life they are building together.