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April 27, 2015

Egypt received deposits worth a total of $6 billion from three Gulf nations, Saudi Arabia, the United Arab Emirates and Kuwait. (File photo)
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Egypt's foreign reserves are expected to rise to over $20 billion after the recent Gulf deposits.
The EU, UN, and individual States increasingly rely on targeted sanctions to achieve foreign policy aims. (Shutterstock)
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Sanctions can have devastating effects, which, of course, is the intention of those imposing them.
Despite subdued demand during World Cup and the national election, Brazil experienced an increase of 1.86 per cent in traveller numbers last year. (File photo)
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Middle East airlines are playing a major role in providing connectivity to non-traditional destinations from Brazil as an increasing number of Brazilians now seeking newer travel options.
Hundreds of importers and exporters lost millions of dollars worth of goods when rebels pillaged the vast free trade zone. (File photo)
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The closure severed its most important trade route to the outside
KSA has been a key market for growth in the Islamic banking industry.
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The Islamic banking industry in the Kingdom of Saudi Arabia (KSA) is set to achieve $683 billion of Shariah-compliant assets by 2019.
Out of a total of 27 companies traded on the exchange, shares of 18 companies rose, while shares of five companies fell (File photo).
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The Dubai index may consolidate in a range with a tough resistance at the keenly-watched 4,200 level.

April 26, 2015

Riyadh’s hotel market also saw year-to-February occupancy rates remain stable at 64 per cent (File photo).
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Saudi Arabia’s hospitality market can expect to witness high levels of new supply over the next three years.
Passive candidates are talented individuals who have a job and are not actively engaged in any job-search activities. (File photo)
17:02 GMT
In order to have a great talent pool for a certain job it is important to include both passive and active candidates.
Your ability to recognise how you will turn your ordinary income into a wealth — if at all possible — through legitimate ways can help you stay on track (File photo).
16:51 GMT
In many societies being rich is admirable, but saying that you want to be rich is somehow frowned upon.
Lebanon continues to be beset by structural bottlenecks such as electricity, water, transportation and telecommunications (File photo).
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Policymakers need to urgently address Lebanon’s longstanding and worsening structural bottlenecks
 This event could have been the perfect stage for Turkey to express its altered view on world powers and its willingness to cooperate with the developing nations of the post-Cold War world. (AFP/File)
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Turkey, having invested in ambitious Asian and African initiatives to expand market penetration and build political capital, has missed a golden opportunity to make its case.
Concerns related to low oil prices, coupled with the more recent concerns over QFII access being delayed, have led to a significant outflow of funds from foreign investors (File photo).
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The move holds significant potential for the market’s growth and importance over the coming years, Deloitte said in a study.
low-income buyers have turned to purchasing singles, to save money for other necessities.
13:29 GMT
The Cairo and Giza Tobacco Traders Association expects a decrease in tax proceeds of EGP 2bn ($262 million) in the current fiscal year’s national budget.
Dubai trails a long way behind at a mere $43 per square foot, just above the last two cities in the table, Kuala Lumpur and Seoul (image: on file).
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Dubai skyscrapers have emerged as among the cheapest per square foot in the world for prime office rents.
The BDS movement acts against this system by imposing economic, cultural, and academic sanctions on Israel.
10:43 GMT
The anti-BDS law cannot stifle international boycotts, which continue to gather momentum
This included goods and services for Qatar such as aerospace orders, a football club acquisition, sponsorship deals and land and general exposure (image: on file).
10:21 GMT
The total included legitimate trade deals in the course of lobbying in the run up to the 2010 vote for the tournament.
When the factory began, two employees managed two looms to produce the famous black-and-white patterned headscarf.
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In the face of strong competition from China, the traditional, locally produced Palestinian headscarf has put up a show of resistance
They are referred to as 'free visa' workers and often take up jobs as labourers, cleaners and housemaids for very low pay (image: on file).
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A study is being carried out to assess the feasibility of legalising the status of tens of thousands of foreign nationals working illegally in Bahrain.
 Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more.
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The world's biggest oil exporter, having abandoned last year its role of keeping global markets in balance.
The Iranian president noted that his administration also managed to increase the budget for the country’s development over the past two years (image: on file).
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Iranian President Hassan Rouhani says the country’s dependence on oil revenues will drop to its lowest level ever in the current Iranian year (which began on March 21).
Called ‘Highlights’, the feature rolled out very recently by the microblogging site is aimed at helping users sift through the large number of tweets on their feed each day.
05:55 GMT
Inundated with hashtags, re-tweets and favourites? Now you can sift through them and find the important ones easily, thanks to a new Twitter feature.

April 24, 2015

The employer needs to hear you respect their time and consideration and that they are top of mind even after the interview (image: on file).
21:33 GMT
You thought you did pretty well at impressing but find that coveted offer letter still evades you.

April 23, 2015

Officials have played down the impact of the phosphate spill in the Nile (image: on file).
22:24 GMT
Companies in Egypt are racing to meet the rising demand for mineral water in Upper Egypt in the wake of a barge, carrying 500 tonnes of phosphate.
Saudi Arabia’s economy has been growing at an average rate of 6 per cent per annum (image: on file).
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The hundreds of billions of dollars that would flow into investments in Saudi Arabia once its $530 billion capital market opens up is likely to give a major boost.
ISIS is reportedly also selling oil to customers at very low prices to finance its war machine and collects taxes (Image: AFP/File).
14:56 GMT
U.S. authorities are deeply concerned about the financial capabilities of ISIS.
A new economy team that will take office after a general election to be held on June 7 (image: on file).
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Özince's remarks came on the heels of existing uncertainty in financial markets that have sparked the exit of foreign lenders from the country.
The agreement, which is to involve 60% of local production, is to kick off in Sharm El-Sheikh (image: on file).
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A Continental Free Trade agreement between 26 African countries is to be launched from Egypt in June.
The Apple Watch Edition, priced from $10,000, will be available in select retail stores only.
14:02 GMT
Apple’s first smartwatch will be available in the UAE on Saturday, but from the grey market, for a hefty premium.
Dubai property market needs to have more than 25,000 additional flats/villas to bring rents down (image: on file).
13:56 GMT
What is more likely to happen instead is that rents will generally remain stable.
On Monday, the council decided to allow the Kingdom’s universities to introduce blended learning programmes (image: on file).
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Jordanian universities can now offer online bachelor’s programmes under a decision announced by the Higher Education Council on Tuesday.
Another Opec producer, the UAE, has also trimmed supplies to Asia as it diverts more oil for use at a new refinery (image: on file).
05:55 GMT
Saudi Arabia has reduced contractual crude supplies to some customers in Japan and South Korea since March by trimming the volumes of oil loaded.
With progress to be made in efficiency, job satisfaction and wellness, there’s profit to be made from wearable tech (image: on file).
05:55 GMT
The business world is now exploring how it can take advantage of the new possibilities provided by wearable technology.

April 22, 2015

Emirates Islamic’s coverage ratio improved to 97 per cent, compared to 90 per cent at December 31, 2014 (image: courtesy of trade arabia).
18:42 GMT
Emirates Islamic, a leading Islamic financial institutions in the UAE, has announced a net profit of Dh194 million ($52.8 million) for the first quarter of the year.
It is clear that the fall in oil prices has the potential to affect GCC economies significantly (image: on file).
18:34 GMT
But they will still need to hold up against sudden bouts of volatility
The UAE was the only Arab country in the top five choices identified by Arab youth (image: on file).
18:21 GMT
The UAE remains the top country that most Arab youth would like to live in, the 7th annual Arab Youth survey found for the fourth year running.
A dominant person will usually want to do things their way and is not necessarily open to new ideas and thinking (image:
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This type of person can also cross the line from being assertive and self-assured to exhibiting intimidatory and bullying behaviour.
Majan has also received a special citation from the Chinese Innovation and Invention Society for the smart saddle (image: courtesy of Gulf News).
17:07 GMT
The exhibition is recognised as the world's most important market place for exhibitors and it attracted around 1,000 participants from 45 countries
Facebook also will relax its previous rule that prevented people from seeing multiple posts from the same source.
16:56 GMT
Facebook said Tuesday it was reconfiguring its News Feed, in a move aimed at giving people more information about what is happening to "the friends you care about.
Oxford Economics, in another report, also suggested 277,149 jobs will be created in the next seven years (image: on file)
09:31 GMT
Shaikh Mohammed invites businessmen to invest in mega event to be held in Dubai
The airline, which currently flies to 146 destinations around the globe, will implement the frequency increases.
09:20 GMT
Qatar Airways plans to increase the frequency of weekly flights to 10 of its most popular destinations throughout the Middle East and Europe
Charney also cautioned that measures such as these were not really a “panacea” for the growing cyber security threat landscape (image: on file).
09:16 GMT
Microsoft’s move to get rid of passwords and introduce biometric verification in its upcoming Windows 10 OS upgrade will greatly improve security.
Abu Dhabi residential rents have increased by 12 per cent in the last year (image: on file).
09:04 GMT
Real estate agents are expecting a slowdown in the Abu Dhabi market due to the continued impact of low oil prices.