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.
With so many people to meet and greet, it pays to prepare for job fairs in advance.
Ask the right questions and make informed choices when it comes to selecting and maintaining a credit card.
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.
As winter closes in, use these apps to get motivated and get off the couch.
World Bank figures report that 54 percent of MENA youth and seventy-five percent of MENA women were unemployed, placing pressure on Arab governments to find a solution.
A new Bank of America Merrill Lynch report warns that $30 per barrel oil prices could accelerate the drain on Saudi's foreign reserves, which have already been falling at a rapid rate.
Judges and television viewers voted the Yaman Abou Jieb as the winner of the edutainment show, supported by the Qatar Foundation.
Negative outlook for Oman as Standard & Poor cuts the sultanate's ratings from A- to BBB+ in light of widening deficit.
Meeting the demands of your career and personal life will always entail some juggling, but it's about setting priorities and taking care of yourself.
How you manage your money can affect your quality of life. Here are eight essential financial basics.
A new tax on undeveloped land will rake in an estimated $50 billion and is intended to force land owners to fully develop land and solve the housing shortage.
EgyptAir will prohibit the transport of goods on its passenger aircraft to London and the US, in a move prompted by the US Transport Security Administration after the Russian air crash.
The 10th round of negotiations between Egypt, Sudan, and Ethiopia have been pushed back again, as construction presses ahead.
Berlin's KaDeWe has removed wines produced in Israeli settlements in keeping with new EU product labeling guidelines, prompting criticism from the country's Jewish community.
November 19, 2015
Forbes Middle East unveils its list of Top 100 Executives in the Middle East.
The Riyadh-based King Fahad National Library (KFNL) was picked as the best architectural work in 2015 by global A+Award program, according to an online report.
GCC equity markets are looking increasingly attractive after the broad based sell off since the summer.
Israel and the Palestinian Authority on Thursday signed an agreement to enable long-awaited 3G mobile access in the occupied Palestinian territory.
The sports industry accounts for 0.8 per cent of Dubai's GDP and employs roughly 14,500 people, according to Deloitte’s Sports Business Group.
Barclays' bullish forecast for rising oil prices is cause for optimism, with the UAE's energy minister standing by OPEC's decision to continue production.
A World Bank expert has told G20 participants that emerging markets can easily harness international Islamic finance by establishing correct legal structures.
The Monster Employment Index has revealed that while banking, telecoms and financial services saw 30 percent year on year growth, education has suffered a 22 percent slowdown.
As parts of the country recover from heavy flooding that killed eight people, an environmental expert warns that the Kingdom's dams can't hold floodwaters due to poor maintenance.
Critics complain that Qatar's families-only policy in malls on workers' only day off is subject to inconsistent application and racial-profiling.
The first three out of an expected eight Blackhawk helicopters from the US were received by Jordan, as part of the ongoing military cooperation between the two countries.
Despite worldwide coverage of Lebanon’s trash crisis, the country saw a fair demand for environmental tourism, according to the Ministry of Tourism.
A researcher has found '100 percent success rate' for hacking into the system that uses BitLocker, the data encryption feature.
A new collaboration between Google and the Jumeirah Group gives you a 360° video interactive experience inside the world's tallest hotel, in an industry first.
At some point in your career, you may have to sell an idea, give a briefing, or show off your expertise. Here's how to keep your audience awake.
Emirates NBD’s Fitness Account is a new savings account that allows you to earn more by increasing your physical activity.
November 18, 2015
President Abdel Fattah Al-Sisi issued a decree to reshuffle the Board of the Central Bank of Egypt (CBE), before the expected expiration of the current board on 26 November.
Nearly half of companies in the Middle East provide enhanced end of service benefits (ESBs) for their employees, mainly to retain their key talent.
In the aftermath of the Russian plane crash in Sinai, Jordan hopes to promote the Red Sea city of Aqaba to Russian and British tourists.
United Arab Emirates- based startup Beehive, an online marketplace for peer-to-peer finance, announced that it has helped around 50 small and medium companies in the country raise almost Dhs 25m in the last year.
Saudi's Prince Alwalid bin Talal gives Disneyland Paris a $52.37 million boost, one year after joining a bailout effort.
With MENA's tourism industry in the Middle East is already feeling the pinch, the Paris attacks can have a wider economic impact, according a senior analyst.
The majority of Russian tourists have been repatriated from Sharm El-Sheikh following the deadly Metrojet crash, with under 2,500 remaining, according to Russia's transport minister.
The closure of the Nassib/Jaber border and the absence of government subsidies for maritime exports triggered a drop in Lebanese industrial exports in the first half of 2015.
As the GCC continues study into Schengen-style visas for foreign visitors, industry experts suggest that regional tourism infrastructure needs strengthening.
The Dubai-based pay-TV network has signed a long-term deal for exclusive access to the Hollywood studio's premium content.
The Kurdistan Regional Government has approved an oil exploration plan that is expected to produce 15,000bpd by next year.
As Egypt and others press ahead with plans to drill and export gas to Europe, Lebanon's stalled political situation is letting opportunity pass in front of their eyes.
Construction of the college and a five-star hotel in Dammam is expected to be completed at the end of 2016.
Microsoft's purchase of Minecraft's Mojang has led to a new free tutorial, in a bid to teach kids (and adults) the basics of coding.
Jordan's new tourism ad capitalizes on the phenomenal success of Ridley Scott's film 'The Martian', in which the Wadi Rum's desert stood in for the planet Mars.
HR Manager Dimpy Patney Dsouza of Al Gurg engineering consultants in the UAE shares her tips on hiring and retaining top talent.
November 17, 2015
The French economy minister has reassured business leaders that security measures put in place after the Paris attacks are not designed to paralyse economic activity.
By 2021, Mobile data traffic will experience 16 times the growth it experienced in 2015.
In 2016, the GCC’s construction industry is set to reach a record high of $126 billion
Petroleum Development Oman (PDO) has signed six contracts worth $650 million for the next ten years, which will boost Omani job and training opportunities, according to a report.
The global economic cost of terrorism has risen to an all-time high, according to the 2015 Global Terrorism Index.
Bahrain's budget deficit is expected to widen from five percent of the GDP in 2014 to 15 percent in 2015, according to NBK.
Currency fluctuations, the rise of e-commerce and tourists heading to Europe are part of a general decelerating trend in the luxury goods market in MENA.
With illegal foreign labor doubling since 2010, Oman is cracking down to open up more jobs for Omani citizens.
WIth the highest rate of youth unemployment in the world, MENA's private sector is expected to step in as the main source of job creation.
A new Facebook initiative to drape your profile picture with the Egyptian flag received 10,000 likes on the first launch day.
Egypt's petroleum minister is hoping that the recent major gas finds will make the country a regional center for energy and gas.
With rising consumption, solid waste is the most significant environmental problem in the Arab world, according to a recent Arab Forum survey.
The UAE continues its push forward to boost innovation in every aspect of governance, public sector and economy, with a heavy investment over the next five years.
The US sale of over 10,000 air-to-ground munitions still needs approval from Congress.
Michelin-starred chef Gary Rhodes believes that technology at the table is getting in the way of healthy food and conversation, especially for children.
Poor management of emails is a major cause of inefficiency - here's how to keep your inbox under control.
November 16, 2015
Dubai-listed construction firm Arabtec has made a proposal to build 13,000 homes in Egypt, and its chairman has expressed confidence of receiving positive feedback.
A region-wide sell-off on Sunday saw benchmark indices in the UAE, Saudi, and Egypt fall to 2015 lows.
Educators, regulators and investors have come together in Dubai to discuss how innovative education models can help to transform the efficacy of education delivery in the Middle East and North Africa (Mena) region.
Five days of motoring madness has wound to a close following the final day of the Dubai International Motor Show held at the Dubai World Trade Centre.
Hungarian Foreign Minister Péter Szijjártó dismisses the new EU decision on settlement product labels as 'irrational' and potentially more damaging to the Israeli-Palestinian conflict.