December 3, 2013
MENA shoppers spent $9 billion online in 2012, and that number is projected to reach $15 billion by 2015 as the region increasingly moves towards the title of the world's top eCommerce hot spot.
Kuwait Airways is considering issuing sukuk to finance an Airbus deal involving the purchase of 25 new planes and 12 leased aircrafts.
More than 2.2 million people checked into Abu Dhabi's 148 hotels during the first 10 months of 2013, representing a record breaking 26 percent increase in hotel occupancy in UAE's second largest city.
Working in neighbouring Saudi Arabia has been a way for Yemenis to escape their country’s chronic unemployment; more than half of Yemenis aged 18 to 24 are unemployed.
Reports from Monday announced that 4 Gulf countries were expected to release a common GCC currency by the end of the year. However, the Gulf Monetary Council dismissed media reports Tuesday, saying that no common currency is scheduled to be released anytime soon.
Egypt returned $500 million to Qatar December 2 after the Gulf peninsula "refused" to renew a former deposit it had made in Egypt's central bank. The December 2 transfer represents the second deposit return to Doha in the last month.
Public-private partnerships are key to unlocking the potential of the healthcare industry in the Middle East.
The roadshow will involve discussions over the nature of contracts that the Islamic Republic is willing to offer in return for investment to drill new wells.
In order to survive, the province needs at least 7,000 Saudi workers for the region's 4,000 salons and beauty shops, she said.
The demand for pilots in the Middle East is soaring after estimates showed that 40,000 will be needed over the next 20 years
The annual Economic Freedom of the Arab World report published by the Fraser Institute has ranked Arab nations in terms of economic freedom.
The NBK said the near-term outlook for exports looked solid
After winning the World Cup bid, anything is possible: Qatar receives 'Oscar of the Travel Industry'
QTA representatives receiving the Qatar’s World’s Leading Sports Tourism Destination award at the WTA 2013
The debts remain from the borrowing binge by government controlled and owned companies in the 2003-8 boom, with around $13 billion added in the past year, according to Barclays Bank. Still the question remains: how does Dubai intend to pay for the $43 billion in infrastructure spending expected over the next seven years?
Many have argued that he was able to monopolize economic power – with a personal wealth estimated to reach into the billion dollar range – due to his familial ties with the regime, becoming one of the symbols of corruption and impunity.
December 2, 2013
The government revenues have forecasted to reach 800 trillion rials (about $32.1 billion), he said
Wiil they now be blamed for 'child unemployment'? Syrian minors now constitute majority of Jordan's working children
“When I work, I am less of a burden to my family; I am not another mouth to feed.”
Two truths and a lie? Qatari company sues Jordan's Social Security Fund over "non-existent" sell-off of Housing Bank
Describing the issue as “strange and shocking”, Odwan insisted that the alleged deal is a fraud.
After trapping the French Footballer Belounis, is Qatar about to be shamed by FIFA to abandon the Kafala system?
Qatar has been told by the world players’ union FIFPro to abolish the kafala system for footballers and respect international standards for their contracts.
The lack of Arab investment in Lebanon is plunging the country's economy into a dire situation.
Trade exchange between Saudi Arabia and Morocco will jump to $7 billion by early 2014.
Bahrain, Kuwait, Qatar and Saudi Arabia are planning to release and use a common currency by the end of December, according to reports in Manama from Sunday.
A senior official at the Ministry of Finance said Saudi Arabia would offer a new aid package to Egypt worth US$5 billion.
For the fifth year in a row, Etihad Airways received the titles of "World's Leading Airline," "World's Leading First Class," and "World's Leading Airline Crew," at this year's World Travel Awards.
Saudi's Minister of Water and Electricity told reporters Sunday that the government will spend $29 billion (SR 110 billion) on new projects to improve water and power infrastructure
MENA faces an urgent need to need to create a mechanism for cooperation between the private and public sectors so as to increase rates of work opportunities.
Driven by two primary factors, it's Abu Dhabi that is growing faster than you can say "Burj Khalifa."
Much can be gleaned from Milan, host city of the World Expo in 2015 from May 1 to October 31, with regards to the event buildup process itself.
At least 60 per cent of IT decision makers in GCC feel that not enough time or money is available to develop IT security policies.
The chief financial officer of Prince Alwaleed bin Talal’s investment vehicle, Kingdom Holding, is to leave the firm, two banking sources aware of the matter said.
December 1, 2013
Maersk Oil Qatar is looking to hire new employees and has launched a "Find Your Place" recruitment campaign to attract new hires accordingly.
Saudi Arabia's Monetary Agency released data this week that KSA's foreign assets hit a record high in 2013 as money supply growth reached a 14-month low.
The Abu Dhabi Fund for Development (ADFD) announced Sunday that it will give the the Islamic Republic of Mauritania a loan worth $29.9 million for infrastructural development in the African country.
Despite the US shale gas revolution, Qatar is unlikely to lose its leading role in the global energy market for many more years due to strong Asian demand, a new report has shown.
Saudi Prince Saud Bin Abdullah opened a $100 million technology center in Bangalore, India this weekend. The new center, which is part of Saudi Basic Industries Corporation (SABIC), will be used for R&D in sectors ranging from construction and clean energy to electronics and transportation.
Undeterred by the uncertain global market dynamics, the Islamic finance industry is set to explode in key markets around the world.
A recent report released by a Canadian public policy think tank suggests that Bahrain, Jordan and the UAE have the highest levels of economic freedom in the region.
How would the global markets be affected in the aftermath of an increased supply of Iranian oil?
Some flights will be operated from the new airport on a “trial” basis after the soft opening,
An inside view into Turkey's multibillion dollar deal with Kurdistan that is threatening to break up Iraq
Turkey and Iraqi Kurdistan signed a multi-billion-dollar energy package this week that will help transform the semi-autonomous region into an oil and gas powerhouse, but the deal infuriated the central government in Baghdad.
A leading hotelier warned Thursday of grave consequences to Lebanon’s hotel industry if the crisis in Syria persists.
Finding work as a freelancer can be hard – and doing it in the Middle East can be even harder.