In the UAE, sensitive industry sectors such as the public sector, oil and gas, banking, finance and insurance are all set to drive demand for cloud computing security solutions
For once, the travel warning is the other way around: UAE governments warns citizens against Central London
An attached map singled out Edgware Road, the area between Marble Arch and Tottenham Court Road, and the Oxford Circus and Bond Street area.
Egypt is a society, in which sexism is so ingrained in the economic, social, and political system that 50% of the population has, for the most part, been excluded.
Gone with the wind: Jordan cancels plans to build 5 additional wind power plants due to lack of support from the Gulf
The ministry cancelled the projects after failing to secure funds from Arab Gulf states to finance the expansion of the national grid’s capacity.
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.
Sony has announced the launch of what it dubs ‘world’s most waterproof phone’, the Xperia M2 Aqua, a variant of the mid-range Xperia M2.
Saeed Al-Bassami,has revealed that Saudization is one of the main challenges facing the surface transportation sector in the Kingdom.
Getting fancy: Jordan's impending 18-hole golf course to be one of three most eco-friendly in the world
The 18-hole Ayla grass golf course project was designed by Greg Norman, one of the world’s “leading golf course designers.”
August 20, 2014
Internet companies such as Google and Facebook Inc do not offer their services to children under 13, but it is tough to catch users who sign up by providing false information.
Libya may be on the brink of chaos but it is gradually boosting output in the vital oil sector after a crisis blocked export terminals for a year.
This new service gives customers the ability to withdraw cash and send money to their friends, family or anyone in the UAE instantly using their mobile phone, even if the recipient does not have a bank account.
Megaprojects in the pipeline and the ramping up of social infrastructure spend is boosting the market, says new report.
The Glasgow City Council sparked criticism from pro-Israeli circles when it decided to raise the Palestinian flag in the wake of the ongoing conflict between the Israeli regime and the Palestinians in the impoverished Gaza.
Electricity deficit increases to approximately 6,180MW, no solution in sight
Labor Ministry spokesman Tayseer Al-Mufarrej said that the new arrangement was aimed at protecting the interests of both sponsors and workers during their contractual period of employmen
Fully booked for post-sanctions business: Iran's five star hotels are buzzing with Western business delegations
“All the five-star hotels are full of Western companies looking to position themselves to do business."
What doesn't kill you, makes your stronger: why the Arab Bank is likely to emerge from the Israeli lawsuit 'unscathed with flying colors'
Experts and economists believe the bank will emerge unscathed with flying colours, dismissing the case as a political attempt by American Zionist organisations looking to discredit the Palestinian cause.
August 19, 2014
Some international banks have started shrinking in Saudi Arabia even as the kingdom plans to open its $577 billion stock exchange to direct international investment
Thirteen percent of recent Lebanese graduates said that the availability of jobs in Lebanon was ‘moderate’ and none of them considered the availability of jobs in the country to be ‘high.’
Egypt has selected a Saudi consultancy to draw up the plan for the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones.
Prime Minister Abdullah Ensour criticised the JTA for planning the strike, accusing them of playing politics and taking students as hostages to their demands.
Out of character or perfectly in character? President of Jordan's Chamber of Commerce calls on boycott of Israeli goods
In response to brutal Israeli attacks on Gaza, Jordan Chamber of Commerce (JCC) President Nael Kabariti called on Jordanian traders and importers to boycott Israeli goods and ports
Beyond unholy consumption and artificial beaches: what's it going to take for Dubai to become a city of medical tourism?
From VIP packages to the most affordable ones, the packages will cover wellness and seven areas of treatment such as orthopaedic and sports medicine.
The Interior and Labor ministries have stepped up their campaign to drive out residency and labor rule violators across the Kingdom after arresting nearly 8,500 foreigners in the Makkah region over the past two months.
With millions of new property listings appearing online every day, it is an increasing struggle to make yours stand out amongst the crowd.
The Saudi Tadawul All Share Index rose 0.48 percent to close at 10,639.04 points, its highest finish since January 2008 and its 13th gain in the 15 sessions since authorities announced plans to allow direct foreign ownership of shares early next year.
Qatargas is the world's largest LNG producing company with a production capacity of 42 MTA.
Turkey has requested that the United States remove barriers regarding the purchase of oil coming from Iraqi Kurdistan
August 18, 2014
Two oil tankers Minerva Joy and the United Kalavrvta seem to symbolize the future of Iraq and whether it will remain a unified entity or will break up.
Aspiring for to create a 'Silk Road', China and Israel collaborate to present an alternative to the Suez Canal
Promises by Chinese president Xi Jinping to build a “Silk Road” and the Red Med project proposed by Benjamin Netanyahu were renewed this year, raising concerns about negative implications on the Suez Canal.
Over the past years in particular, the economy has diverted from the rules of the free-market economy, which heeds fair and equal competition.
Citizens of the UAE captured the highest portion of property investments in Dubai valued at more than AED12.5 billion ($3.5), the DLD report said.
"Egypt has a new vision, that will not affect Egypt's water share, and we are expecting that the other party responds to it," said El-Moghazi.
The combined net profits of six out of seven Lebanese banks operating in Syria dropped 54 percent in the first half of 2014.
Saudi women married to expats to finally receive housing support.....under a series of ridiculous conditions
The housing crisis in Saudi Arabia is considered to be one of the biggest problems in society as over 70 percent of Saudi nationals do not own their own homes.
Benzene is a carcinogen that can cause leukemia if not handled properly and n-hexane has been linked to nerve damage
August 17, 2014
Qatar can draw useful lessons from the experience of countries and cities which hosted major sporting events.
Many resource-rich countries in the region do not perform as well on social and environmental indicators when compared to countries of similar per capital wealth.
This is the slowest rate of growth since the recession in the first half of 2009 and follows growth of 2.8% in the first quarter of 2014.
The sector continued to recover from the 2008 crisis and its related weakness that lingered until 2010.
The Abu Dhabi Food Control Authority (ADFCA) has confirmed the safety of Lipton tea products in Abu Dhabi markets, following the circulation of rumours through YouTube, alleging the existence of hallucination pills in the company’s products.
The certificates, agreed upon by President Abdel Fattah Al-Sisi as a source of financing the new Suez Canal project, will be issued through public sector banks over a period of 5 years.
Tawfik does not see in the Suez Canal project a “new Toshka,” though he does believe financial and economic studies are necessary to ensure this.
Former U.S. Vice President Al Gore sued Al Jazeera, claiming the satellite news provider owned by the Qatari royal family owes him and a partner $65 million.
Natural gas will be supplied to Jordan through the Arab Gas Pipeline, which is a natural gas pipeline that stretches from Egypt into Jordan and other neighbouring countries.
A clash of civilizations: are foreigners newly entering the Saudi stock market about to face a culture shock?
Saudi Arabia is one of the last major markets in the world to open up, so the reform is attracting massive interest among international fund managers
Global jewelry demand, which represents more than half of total global demand, was unsurprisingly down 30 percent year-on-year to 510 tons.
Forget North America’s shale revolution, the world needs Middle East oil for long-term sustainability and to quench growing global demand for fossil fuels.
A lose-lose situation: Egyptian suspension of gas supplies to Jordan and leads to 75% decline in exports
Egypt has ceased exporting gas to Jordan several times this year due to the tense situation in Sinai and multiple explosions on the export pipeline.
A lucrative setting: Apple to expand retail operations in the Gulf through establishing official stores
With retail operations in just 16 countries, Apple offers a wider range of services and experiences in its official stores than are available from authorized and unauthorized resellers.
August 14, 2014
“The payment situation for contractors hasn’t improved since the beginning of 2013” even as the Dubai economy strengthens,
Floating wiithout an official budget since 2005: salaries of Lebanese civil servants to 'dry up soon'
The Finance Ministry said Wednesday that the treasury has money to pay the salaries of civil servants for only two months,
The Oman Railway Company (ORC) unveiled a list of pre-qualified consortiums to undertake its national railway project on Wednesday, according to a report by theTimes of Oman.
Qatar Airways will become the first Gulf carrier to serve Eritrea from December 4.
Taking the driver's seat when it comes to your finances: should you buy a car in cash or installments?
Now, how to pay for your new ride… Do you have enough money to pay for your vehicle in full? Does that wipe out your savings? Would it be better, instead, to hold on to your money and take out a loan paid over several years?
"The corporate sector is screaming for stimulus... There's more cautious international investor sentiment towards Israel."
The self-declared Caliphate led by Abu Bakr Al Baghdadi now covers a land area greater than Britain and a population of over six million in Syria and Iraq.
The Cabinet on Wednesday approved several recommendations and projects at a meeting chaired by Prime Minister Abdullah Ensour.
Before Columbia, she taught at Princeton, Harvard and the University of Pennsylvania in the U.S., and at the American University of Beirut in Lebanon.
Condensates represent a gray area in the oil and gas world, and even OPEC is challenged about how to define the product.
Economy Minister Nihat Zeybekçi responded harshly to a statement from global ratings agency Fitch via tweets that he posted on Tuesday morning, adding a new statement to a number of previous criticisms from the government regarding international rating agencies.
August 13, 2014
Sharjah residents have been advised to report to the municipality any unnecessary rent increases imposed by their landlords.
İstanbul's third airport, currently under construction and set to open in 2017, will be named after President-elect Recep Tayyip Erdoğan.
The Jordanian side presented a briefing on efforts to regulate the labour market and rectify the statuses of guest workers.
If only it managed to go back to producing its own: Egypt, Russia mull free trade zone over wheat imports
In the previous 2013/14 marketing year, Russia supplied 3.6 million tonnes of wheat to Egypt.
Emirates used the loan to take delivery of its 50th superjumbo, the bank said.
A rising gap between what is available on the market and what most Saudis can afford has left many frustrated home-seekers on the edge
Too many eggs in the same basket? GCC investors spent $5 billion in 2014 alone on Dubai's real estate
Investors from the Gulf Cooperation Council (GCC) states spent more than Dh19 billion ($5.17 billion) on real estate projects in Dubai, UAE, during the first half of the year, a report said.
S&P said its ratings on Arab Mediterranean banks have been dragged down since the end of 2010 by the deteriorating creditworthiness of their respective sovereigns/
Technologies are disrupting the traditional work patterns in the Middle East to such a degree that soon the term ‘office’ will become obsolete, according to an expert.
Documenting financial (mis)behaviour: Al Etihad Credit Bureau to begin issuing consumer credit reports
The credit reports will include records about consumers’ debt levels, financial obligations, credit payments, history of default payments and late payments.
Middle East airlines carried 157.9 million passengers in 2013, marking an increase of 8.8 per cent over the figures for the previous year.
The EIU pointed out that Lebanon was lagging behind other neighboring countries in the Levant Basin in this process, and Israel was already reaching the phase of monetizing its gas reserves.
August 12, 2014
Around 27.8% of Egyptian youth are poor while 24.1% are near the poverty line.
The initial results show an 11.8-percent decline in occupancy to 45.4 percent.
Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.
The rating agency says that although domestic politics have been fairly stable, the government faces continued pressure to maintain social spending.
Malaysia, UAE, UK attract most conferences, intensified battles to be world’s Islamic finance hub.
Samsung is the number one ranked brand in the Top 10 Buzz Rankings across the United Arab Emirates for the first half of 2014.
The expansion of international schools in the Gulf region continues, registering the second fastest growth rate in the world and now has 982 international schools in the region.
"The more the Kingdom produces, the lower its spare production capacity becomes, meaning the smaller the cushion to cope with new supply disruptions."
Mahir Al Tabaa, head of the Gaza chamber of commerce and industry, agreed the conflict had caused "huge and long term indirect losses" for the economy.
In a move to force businessmen to donate, a campaign was launched in early August to track businessmen who did not donate to the fund,
August 11, 2014
Nassef Sawiris, Egypt’s richest man, is the CEO of Orascom Construction Industries (OCI) and owns stakes in cement company Lafarge as well as Texas Industries.
“There’s talk of changes in Baghdad. The oil market is sort of waiting to see what happens,” Wardell said.
For once, the UAE's malls transcend consumerist goals: cancer research centres coming to Dubai, Abu Dhabi
The healthcare provider said that its first Health Promotion Centre will be established in the Marina Mall in Abu Dhabi by the end of 2014.
The agency attributed the surge to the rising demand for food commoditiessuch as vegetables, dairy products and poultry, and the government’s decision to raise fuel, electricity and tobaccoprices.
The UAE is eager to obtain additional natural gas supplies to support its rapid economic growth.
The TV company has operations across Mena, and posted earnings of 139.5 million dinars ($494 million) in 2013.
In addition to receiving remittances from abroad, the Egyptian economy benefits tremendously from the vibrant and successful professional community of Egyptians that is active outside her borders
Libya is facing the worst violence since the fall of former ruler Muammar Gaddafi three years ago
Friday served as a new marker for Alitalia as Etihad set out its “roadmap” to return the troubled carrier to profit by 2017.
August 10, 2014
Arab Bank, Jordan’s largest financial institution with branches throughout the Middle East and elsewhere in the world, denied the charges, saying it would exercise all legal options to disprove the accusations.
The expansion in ethylene production capacity has resulted in Saudi Arabia being the third largest producer worldwide, accounting for 11 percent of global ethylene capacity.
The countries of the Gulf Cooperation Council (GCC) are a special case amongst high income economies.
According to Ahmed, future generations of Jordanians will have to shoulder the burden of indebtedness arising from the budget deficit.
Etihad Airways on Friday signed a €1.76 billion deal to acquire 49 per cent stake in loss-making Alitalia.
The tech rumour mill is rife with talk about two new Apple iPhones set to be launched within a few weeks.
Government as well as international institution predictions made in 2010 for 2011-13 also proved to be overoptimistic.
After bringing down Dubai's Finanicial Market by $30 billion, what does Arabtec's downfall really tell us?
While both Arabtec and the wider DFM have recovered since, the episode sparked panic amongst investors and highlighted the lack of transparency and disclosure among local companies.