February 18, 2015
Oil markets opened stronger on Tuesday, continuing a rally that has seen Brent crude futures soar 8 percent since mid-January.
They call themselves Desert Falcons and are perhaps the first known Arab group of cyber criminals who have been targeting unsuspecting users in several countries in the regio.
The GCC construction sector will continue to record robust activity, with projects worth $72 billion on track to be completed in 2015.
Egypt’s government is set to discuss establishing an independent entity for the transmission of electricity in a move that would allow private sector participation in the market.
From a small two-room office in Al-Rimal neighborhood in Gaza, Lozon and his partner Ahmed Abu Shaban co-founded Unit One as a self-funded software development startup in 2005.
Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output.
From driving schools, to facility management and utility companies, private firms in Dubai are tracking their employees to fix lapses and prevent cheating at work.
After an exchange of what he claims “more than 100 emails” over the next few weeks, Khan took the issue to the small claims court.
Israelis with relatively "small" bank accounts in Switzerland are reportedly emptying them out and bringing the money to Israel in cash, usually through Ben Gurion airport.
If you are “all in” on Middle East equities, it might be a good idea to add some diversification to your portfolio, said an investment expert listing top picks for regional investors in 2015.
Pass the blessings: Lebanese economic minister vows crackdown on companies exploiting oil price drop
“The ministry will strike with an iron fist [when it comes] to controlling prices and preventing monopolization or fraud,” Hakim said at a news conference.
February 17, 2015
With global oil supply running 1.4 million barrels per day above global demand in the first half of 2015, inventory dynamics will continue to deteriorate,
Despite falling oil prices, wealthy GCC investors’ appetite for global investments strategies has increased after a difficult 2013 and 2014.
Profit growth at banks in the United Arab Emirates (UAE) is expected to slip to 5-6 per cent in 2015 as macroeconomic challenges and the absence of big improvements in asset quality strangle lenders' earnings.
After having won the Israeli bid for a three year contract for conventional oil exploration, Afek Oil and Gas, a subsidiary of US-based Genie Energy, has begun oil drilling in the southern Golan Heights.
Private wealth in the GCC has doubled from $1.1 trillion in 2010 to $2.2 trillion in 2014 at an overall compound annual growth rate (CAGR) of 17.5 percent.
Europe's airlines are racing to add Wi-Fi to their planes, eager to attract Internet-hungry customers in a cut-throat short-haul market.
Mr Hsu points out that the self-defeating behavior of investors who correctly chose winning strategies, such as value, but underperformed because of their timing, has interesting implications.
Construction projects with a combined value of $67.6 billion were completed in 2014 in the GCC, according to a new study by Ventures ME.
Employers should have a differentiated monetary incentive policy to keep critical talent in an organisation since this might be a bumpy year for companies in the Middle East as crude oil prices fall,
Talks aimed at permanently resolving a dispute between Baghdad and Kurdish regional authorities over oil exports hit a snag over the weekend with Kurds.
February 16, 2015
Concerns are growing over the health of the Turkish economy, long seen as a star performer among emerging markets, partly due to unorthodox statements by President Recep Tayyip Erdogan on economic policy.
Gulf states are yet to finalise their decisions to introduce value-added tax (VAT), but are expected to meet later this month to continue talks.
After increasingly strained relations with the US, Egypt is now seeking to diversify its sources of weaponry, Egyptian military experts told Daily News Egypt on Sunday.
UAE stocks jumped more than 1 per cent on Sunday, buoyed by strong crude oil, with Damac Properties leading the gains in trade on the Dubai Financial Market (DFM).
Financing grand aspirations: three major investment banks take on Egypt's development projects ahead of Economic Summit
The government has tasked a number of local market investment banks with promoting projects that the government will present during March’s Economic Summit in Sharm El-Sheikh.
Russia is among the largest newsmakers in the world’s political and economic arena. Yet, in the world of Islamic finance, it still lags behind the rapidly developing industry.
36% of companies in the UAE are definitely hiring talent in the coming three months. 69% of those looking to hire will be recruiting up to 10 people.
Apple Inc has a secret lab working on the creation of an Apple-branded electric car, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Oil prices turned lower on Monday after a firm start, with an oversupply continuing to weigh on the market despite data showing Japan had pulled out of recession.
The battle for market share intensifies: Iran, Iraq fight for Asian oil buyers with monumental discounts
Iraq and Iran cut their prices for March crude oil deliveries to Asia to the lowest in more than a decade, signalling the battle for a share of Opec’s largest market is intensifying.
Businessmen and employees in different fields can better avoid wasted driving time due to heavy traffic by using Microsoft's new HoloLens.
Gold is hugely prized in Turkey not just for ornamentation or investment by banks but as a secure way for private individuals to hold their savings.
It has been one of the key foreign investors in the Egyptian economy over the past few years, ministers and officials said Friday.
More than four years later, Egyptian officials are negotiating a reversal of the gas deal through the very same pipeline that exported the gas to Israel.
A multinational gang of cyber criminals has stolen as much as $1 billion from as many as 100 financial institutions around the world in about two years.
February 15, 2015
The chief executive of Total hailed the renewal of its oil field concession in Abu Dhabi as a “blockbuster” Thursday and did not deny the French oil major may have coughed up over $2 billion to sign the deal.
The Iraqi-born "starchitect" is better known for her innovative cultural works - museums and opera houses - as well as sports stadiums, dotted around the globe from Michigan to Beijing.
Air Arabia, the United Arab Emirates' only listed airline, blamed fuel hedging as it reported a 30 per cent fall in fourth-quarter net profit on Sunday
Abu Dhabi’s hospitality sector witnessed a positive growth last year with guest arrivals reaching 3,494,063 – a year-on-year rise of 25 per cent.
The website of the Al Ittihad newspaper was purportedly hacked by a group claiming affiliation with Daesh.
The UAE ranked as the fifth highest country in terms of online talent hiring spend while the total online hiring spend for businesses globally reached a record Dh3.5 billion ($952 million) in 2014, a report said.
Even for holidays and occasions that matter to you, how you celebrate them shouldn’t be dictated by what’s in vogue.
There is a campaign doing the rounds that the use of mobile phones or the proximity to mobile phone towers can cause cancer.
The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if its oil output and prices on international markets continue to fall.
Landing the contract will come as a relief to Dassault Aviation, which had yet to secure a single foreign sale after nearly three decades of development that cost tens of billions of euros.
New Saudi King Salman appointed SABIC CEO Mohamed al-Mady as the president of the country’s military industries corporation,
State-owned conglomerate Dubai World has received approval from all creditors for a $14.6 billion restructuring plan.
Zain Jordan on Saturday launched fourth generation\long-term evolution (LTE) services in the Kingdom, which the government said will significantly drive data consumption.
The world's three big energy agencies are forecasting higher demand for Opec's crude oil this year, a sign the producing nations' strategy to let prices fall is starting to win them back market share from rivals who are cutting output.
He explained that the data will also include socio-economic characteristics, which will be the basis of policies to address and safeguard the rights of Syrians.