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.
The UAE is expected to see an increase in amusement parks over the next five years.
Conference to discuss and shape the agenda on Halal Tourism
April 16, 2015
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.
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 will open its $532 billion stock market to direct foreign investment on June 15.
Expedia has examined its own data to find out where the biggest flight bookings to Dubai come from
Cyber security has always been a headache not only for the consumers but also for the enterprises and it will always continue to be.
Egypt has signed preliminary deals with Kuwait's Alghanim International for two energy-related projects worth a total of $1.6 billion.
Most Dubai residents – up to 82 per cent – faced a rental increase during their last contract renewal, according to a new survey.
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.
The Middle East, which has the most rapidly growing rate of smokers on the planet, has become a lucrative marketplace for tobacco companies.
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.
A lot to win, a lot to lose: can the Gulf and Iran do business together once a nuclear deal is signed?
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
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.
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
Emaar Properties expects a 2015 net profit of Dhs3.695 billion, higher than the Dhs3.366 billion average forecast.
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"
What do the people you employ really want? This is the question that I asked an audience of HR professionals last week in London.
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 world’s largest wheat importer needs around 9.5 million tonnes of wheat to produce subsidised bread, the main staple food for Egyptians.
Nokia says it is acquiring French telecom company Alcatel-Lucent through a public exchange offer in France and the United States.
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.
Last week, Naimi said the kingdom stood ready to “improve” prices but only if other producers outside OPEC joined the effort.
The UAE has been seeing a steady increase in job opportunities thanks to an improving and diversifying economy.
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.
Those finding abandoned plots of land in Dubai are required to report the property to the police within 48 hours
It suggests a package of five policy initiatives to sustain the growth of the financial sector and to spur foreign direct investments (FDIs).
“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
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 signed a $600 million framework agreement with the China Railway Construction Corporation Limited to renovate railway tracks along the the national railway network.
Saudi government is set to expropriate more than 749 properties around the country at a cost of SR466.4 million ($124 million) for future infrastructure projects.
Getting the job is much easier than being successful in it.
Nokia Oyj is in talks to buy smaller telecom equipment maker Alcatel-Lucent, a deal that would combine the industry’s two weakest players but could pose challenges in cutting costs and overcoming political opposition.
Turkish President Recep Tayyip Erdogan dreams of transforming Istanbul into a financial hub that can rival Dubai or Singapore, but first he needs to win over would-be investors like Ali Bahcuvan.
GCC projects market will continue to grow in 2015 despite lower oil prices and evidence that some government clients are deferring capital investment plans.
The first clearing centre in the region to offer RMB clearing and settlement and increase financial connectivity between China.
Emirati students can now learn forensic science at Amity University’s Dubai campus.
The UAE has one of the largest carbon footprints in the world
Emiratis were the most likely to spend their bonus payments while Indian expats are most likely to invest their bonus payments in a savings scheme.
Fragrances accounted for 19.6 percent of the Middle East and Africa's beauty and wellness market in 2014,
Boeing and Injaz Saudi Arabia signs a strategic partnerships agreement with more than SR500,000 to sponsor 20 schools within "Safeer Initiative".
Oil prices rose on Monday, extending last week's gains, but the persistent global supply glut will likely cap advances, analysts said
April 13, 2015
Scheduled to open in 2017 as the third hotel in the Delano portfolio, Delano Dubai's 110-key deluxe hotel apartment property will be situated on Palm Jumeirah
Qatar Airways' passengers can expect great savings to global destinations across the Middle East, Asia Pacific, Africa and the Americas with its latest "A World of Fabulous Fares" promotion.
Six months after donors pledged billions of dollars (euros) for devastated Gaza, most of the money remains blocked.
French oil and gas giant Total has pulled out of a deepwater block in offshore Oman after failing to make commercially attractive discoveries.
Fashion TV, a French-based fashion and lifestyle broadcaster, is eyeing the GCC to launch its brand of hotels and residences.
Australia’s Trade Minister, Andrew Robb, wants the Gulf Cooperation Council (GCC), which includes the UAE, to make a regional free trade agreement a top priority.
Gulf Business compares what Emirates, Etihad and Qatar Airways offer versus their counterparts in the US.
Apple Watch comes with a choice of watch case, band and size — there are 54 possible configurations in all.
Someone always wins an argument. Every argument will leave you changed.
China plans to build a pipeline to transport natural gas from Iran to Pakistan in a move to alleviate the crippling burden of electricity shortage in Pakistan.
An educational 'black market'? UAE parents spend more on private tutoring than they do on school fees
Some parents pay more money for private tutoring classes for their children than school fees, Gulf News has learnt.
Ratings agency Moody's maintained Turkey's 'negative outlook' on Thursday and kept its credit rating unchanged as concerns prevalent among foreign investors persist.
The number of guests who stayed at Sheraton Amman Al Nabil Hotel dropped last year to 73,462 persons, representing a 61.89 per cent average occupancy rate.
Iran's Caspian National Oil Company CEO Ali Osuli has announced new exploration operations to be undertaken in the Golestan Province near the border with Turkmenistan.
The US economy added a mere 126k jobs in March 2015, compared with a monthly average of 281k over the previous six months.
April 12, 2015
Uber, the smartphone technology company, announced on Saturday that demand for its services in the UAE has skyrocketed during the first quarter of 2015.
Every Jordanian owes over JD3,100 ($4,375) to the Kingdom's creditors.
Below are some life hacks that make it all the easier if you are a working woman in the Middle East.
This decision is considered to be a turning point for a country that has been mainly depending on purchasing a locally favoured heritage for years from abroad
A total of 805 million people are chronically undernourished worldwide and hunger and under-nutrition reduce the global GDP by up to 3 per cent.
The much-awaited Galaxy S6 and Galaxy S6 Edge have finally arrived in Saudi Arabia.
Nissan, a leading automobile manufacturer, has recently unveiled a new Driver Attention Alert (DAA) system, designed to help detect drowsy and inattentive driving.
In addition to national operator Iraqi Airways with its fleet of about 30 aircraft, the country’s six airports are being targeted by four other small privately-owned carriers
Major regional, retail and hospitality firms such as Chalhoub Group, Marka and Jumeriah Group have confirmed spaces at the upcoming Dubai Design District (D3)
“Companies that do not disrupt themselves and have the courage to be able to make that change will get left behind.”
The central bank governor also said that lenders in the country are now in a far better position to withstand economic turbulence.
The Family Business Forum 2015, being held at the Jeddah Hilton, enjoys a strategic partnership with the Ministry of Commerce and Industry.
The Saudi budget deficit will be more than twice its own forecast, a leading research firm has said, forcing the kingdom into the debt market for the first time in more than a decade.
April 11, 2015
The top ten reasons for not being hired. Cover all the bases before you go to that next interview.
If you have just turned 40 and do not yet have a set plan for your retirement needs in place, it is absolutely imperative for you to start saving for your golden years.
Apple's new smartwatch debuted in nine countries on Friday, with pre-orders of many models selling out within hours.
The new Jay Z-backed music-streaming service aims to take on the might of Spotify by offering higher audio quality. At the moment, it's a service offering minuscule benefit to consumers.
The pledge from Kuwait includes $75 million for housing, $35 million for infrastructure projects and $15 million for supporting damaged agricultural and industrial structures in Gaza.
Royal Dutch Shell’s $70b takeover of BG is the largest buyout the oil and gas sector has seen in a decade, edging it closer to world oil leader Exxon Mobil. Expect more oil and gas deals to follow as oil prices dip, analysts say.
April 9, 2015
When dealing with debt you must be aware that no one intentionally gets into debt. You can spend money that you don't have resulting in you accumulating debts.
The Islamic State group has relinquished control of "at least three large oil fields" in Iraq, cutting off the jihadists from a significant source of income, according to a German newspaper report.
The Top CEO Awards is organized by Trends magazine and INSEAD Business School. The CEOs were ranked based on the financial statements of publicly listed companies.
Egypt's KWD 60m (approximately $216m) agreement with the Arab Fund for Economic and Social Development (AFESD) will support the West of Cairo power plant project.
It’s now possible to withdraw not just gold coins and bars from a machine in the UAE, but bond certificates as well.
US judge rejects bid by Amman-based Arab Bank to avoid liability for financing Hamas attacks between 2001-2004. The bank may still appeal.
Rumours that the microblogging site would be taken over by Google sent Twitter shares soaring.
The interview process begins as soon as your name is called. Let your body language convey confidence and competence.
The number of job seekers in the sultanate has registered a 2.6 per cent average annual growth over the 2003-2010 period, totaling 146,385 people and forming 11.75 per cent of the nation’s workforce.
The sultanate produced 12,321.4 barrels of petrol (regular and super) in February marking a 7.5 per cent fall compared to the output of 13,320.6 barrels during the same month in 2014.
Iran is accusing the five nuclear powers of failing to take concrete action to eliminate their stockpiles and is calling for negotiations on a treaty to achieve nuclear disarmament by a target date.
The UAE investment law which allows one hundred per cent ownership to foreigners is in the final phase of being issued.
Dubai’s status as a world-class holiday, business and leisure destination shows no sign of diminishing, and actually looks to be on the increase in the run-up to Expo 2020.
Traders are rushing towards dollar because of the improving economic indicators in the US economy and the perception that the Federal Reserve is going to hike interest rates in the second half of 2015.
April 8, 2015
The reimposed EU sanctions on Iran's Bank Tejarat and 32 shipping companies are a sign that the 28-nation bloc will maintain economic pressure on Iran, until a final deal regarding Iran’s contentious nuclear program is sealed.
Prince Fahd bin Muqrin bin Abdulaziz has explained that opening the Saudi stock market to foreign investments was aimed at enhancing transparency, quality and efficiency in the market.
They turned healthcare entrepreneurs at the age of only 23. Now Sue Chen and Ameera Shah reflect on what it was that they did right and wrong.
The Islamic finance system faces several key challenges if it is to unlock its huge potential and develop safely.
The UAE can achieve energy system savings of $1.9 billion (Dh6.98 billion) annually by 2030 by producing a 10 per cent share of renewable energy in its total energy supply and almost 25 per cent in the power sector.
Work is in progress to bring the wage hike issue to a close, Education Minister Elias Bou Saab said Tuesday.
The consummation of a full, multidecade agreement between Iran and the P5+1 (the five permanent members of the United Nations Security Council plus Germany), based on last week’s agreed parameters of a Joint Comprehensive Plan of Action on Iran’s nuclear program, is likely to have monumental consequences – mostly for the better – across the Middle East.
We are planning to reach out to the universities in the UAE and work on ways to convince students to take on advertising as their career choice,” said Gorayeb.
Heavily dependent on oil and gas revenues, GCC countries must increase economic diversification and strengthen the non-oil sectors to sustain growth and maintain fiscal surplus in the distant future.