October 30, 2014
Sodastream, the Israeli maker of fizzy drink machines, will close its West Bank factory after coming under intense pressure from pro-Palestine groups.
Builders are now scrambling to obtain loans and digging into cash reserves for money to tackle the projects.
Dubai is aiming for another notch in the “tallest” stakes by building what would be the world’s tallest twin towers.
October 29, 2014
The Arab Spring ain't over, or at least demands: voting Tunisians place jobs at the top of their priority list
In Tunisia, however, millions cast their ballots today in the second democratic elections in the country’s history.
It's not about bikinis: Lebanon world's eighth worst in terms of gender equality-World Economic Forum
Lebanon is the world’s eighth worst country in terms of gender equality and ranks second worst for women’s participation in politics.
Saudi Arabia is set to claim $9 billion worth of cloud-based government services.
There is no need to panic at the recent collapse in oil prices, the secretary general of OPEC said on Wednesday.
Only Spain, Greece and Latvia have more child poverty than Israel.
Leading Syrian business group based in the GCC will establish a center in the Middle East as part of its efforts to rebuild Syria.
The new plane will provide a big panoramic view with walls fitted with screens all around that would let you see what’s outside.
Syrian refugees clinched more than 31,000 jobs, which constitute 91 per cent of job opportunities that Jordan is required to create annually.
One of the biggest problems facing small and medium enterprises starting a business in Dubai these days is opening a local bank account.
October 28, 2014
A self-fulfilling prophecy? Not really. Goldman Sachs slashes oil price forecast, brings prices further down
US oil prices tumbled to a 28-month low below $80 per barrel on Monday after Goldman Sachs slashed its price forecasts.
The first Macy’s - the iconic department store - outside the US will open at Abu Dhabi’s Al Maryah Central in 2018
U.S. officials urged Arab bankers who attended a recent conference in New York to maintain measures to combat money laundering and terrorist funding.
Rapidly expanding population growth, increasing tourism and rising disposable income levels have stimulated remarkable increases in food and beverage consumption across Gulf Cooperation Council (GCC) members in recent years
Increases in Dubai's property prices have moderated quite a lot and the International Monetary Fund (IMF) is now less concerned about them than it was in May
Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker's mobile payments service.
Iraq's economy is likely to shrink 2.7 per cent this year, the first contraction since the US-led invasion in 2003.
The GCC economies have been amongst the best performing in the world in recent years, and are expected to grow 4.5 per cent in 2014-15, said Christine Lagarde.
An average of 100 Saudis studying in the US are expelled from the country annually for various reasons, including violating immigration rules
October 27, 2014
Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing,
Employees’ health and wellbeing is a focus for businesses now more than ever, with architects and designers focusing on maximising access to natural light and clean air.
Dubai’s economy from 1975 through 2008 grew by a factor of 11, making it the fastest-growing economy in the world over the period.
Gulf states, which have based their budgets on an oil price of $80 a barrel or less, are likely to remain relatively sanguine about current oil market conditions.
Advanced attackers and the APT don’t just go after military secrets and big ticket items like KFC’s secret recipe.
Business in the Elyséé Palace: Al-Waleed bin Talal, Hollande and CEOs meet over momentous Saudi-French investments
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), attended recently a dinner at the French presidential palace, The Elysee, on the invitation of French President François Hollande.
In fact, Saudi Arabia has everything to win the hearts of even the most discriminating foreign traveler
Kuwait had accumulated reserves of $548 billion as of June 30 after continued growth in the first six months of 2014
It certainly has the profits to finance it: Arab Bank commences US appeal against Hamas support allegations
The US civil lawsuit brought against the Jordan-based bank has been described by lawyers as the first of its kind to reach trial
Most expats depend on receiving their salaries on time so they can send remittances to their families back home.
Playing with fire? Abu Dhabi State Fund demands a hefty $22 billion to seal banking deal with Malaysia
Aabar Investments is demanding a hefty premium for its minority stake in Malaysia’s No.4 bank.
October 26, 2014
While confidentiality is a normal clause in commercial contracts, it is not comprehensible in the context of laws and regulations related to the exploitation of a national resource.
Technology experts say the warning should serve as a reminder that if an app is free, its business model may involve selling the customer’s data.
The next OPEC meeting in Vienna on November 27 will be crucial in many ways. Eyes are focused on it.
The power of wishful thinking: Saudi SABIC's CEO says oil price downfall is 'temporary', despite profit slide
The recent decline in global oil prices will prove temporary even if it lasts a year or so,the chief executive of Saudi Basic Industries Corp said on Sunday.
The stimulus packages have comprised low borrowing rates for housing and new projects, including renewable energy.
On the brink of recession: Israel's central bank has a tough decision to make on quantitative easing
In the absence of any real fiscal policy, the Bank of Israel is being forced to bear the brunt alone,
Where cosmopolitan Beirut was once the region's best known city for going under the knife, Dubai aims to lead the region in nips and tucks.
The dip in supply comes when some in OPEC have called on its biggest producer to cut back output to support oil prices.
The Organization for Economic Co-operation and Development (OECD) said it is “seriously concerned” about Turkey's ability to detect and investigate foreign bribery
Ever since the conference hosted in Cairo on 12 October for the reconstruction of Gaza managed to garner $5.4bn of pledged aid, a looming question has imposed itself.
October 24, 2014
The Saudi-Arabian food group Almunajem has taken a stake of 25 percent in the French poultry producer Groupe Doux.
October 23, 2014
The Council of Senior Scholars, said investing in NCB's share offer was not permissible because too much of its business was non-Islamic.
Failure to solve the GCC’s airspace congestion issues will negatively impact the Dubai economy.
Iran’s dependence on oil revenue is putting the Islamic Republic’s economy at the mercy of major powers,
October 22, 2014
The dollar demand had pushed the Saudi riyal’s spot rate unusually far beyond its peg of 3.75 against the dollar.
The construction of all the galleries has also been completed structurally, along with the concrete work for the museum’s basement levels and the security screening facility.
The tablet world has a newcomer in the form of Apple’s new iPad Air 2, which includes a fingerprint sensor to provide increased personal security
The young demographic structure of the GCC region is creating a surge in demand for housing.
October 21, 2014
Warmer winter, warmer state-society relationship? Jordanians brace themselves for 'substantially' lower fuel prices
The drop in international oil prices is good news for Jordanians, if it is reflected “fairly” on domestic fuel prices.
The Kingdom’s oil shale reserves rank fifth worldwide in terms of quantity.
Mehleb says the project is as important as the Suez Canal expansion
The Ministry of Tourism is aiming for regional tourism to account for 20% of the total inbound tourism to Egypt, according
With his unique bushy mustache and outspoken manner, De Margerie was one of the most respected figures among the top oil executives in the world
Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators
Boeing, a leading aircraft manufacturer, said today that commercial financial institutions in the Middle East are increasingly funding the region’s record number of airplane deliveries.
International rating agency Moody’s has changed Egypt’s outlook from negative to stable, attributing the upgrade to the stabilised political and security situation.
October 20, 2014
Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years.
Trouble getting them, trouble keeping them? Middle East firms challenged in attracting, retaining talent
Organisations in the Middle East are facing greater challenges than employers elsewhere in the world with 70 per cent of the firms admitting difficulty in attracting and retaining critical skill.
Military might alone won’t defeat Islamic State and its ilk. The US needs to promote economic empowerment
One's catastrophe, another's celebration: Middle East's oil importing states benefiting lower oil prices
The decline in oil prices will provide significant boost to the oil importing countries in the Middle East.
A Kuwaiti oil trade union on Sunday condemned the unilateral closure by Saudi Arabia of an offshore oilfield jointly operated by the Arab neighbours
Dubai’s real estate sector registered a slowdown in rents and sales prices during the third quarter of the year.
October 19, 2014
The train may carry more wealth than the annual economic output of some of the places it crosses.
Gulf Air, the national carrier of Bahrain, yesterday (October 18) announced the relaunch of flights to Shiraz, the capital of Fars Province in Iran.
CCC, one of the largest construction companies in the Middle East, was founded by Khoury in 1952 along with his cousin Hasib Sabbagh and Kamel Abdul-Rahman.
Indian refiners together owe about $6 billion to Iran.
Apple Inc’s faster, slimmer iPads come with modest improvements, such as a fingerprint sensor, but some analysts say it offers few other features to wow consumers ahead of a holiday shopping season
If Saudi Arabia no longer has the same influence on the markets it once had, what can explain the slumping prices observed today, at a rate that exceeds the relative downturn in the oil markets felt usually in autumn?
They said the US Internet giant’s decision to shut down its office in Amman before the end of the year — thus terminating 80 jobs and relocating some staff — is part of Yahoo’s efforts to cut down costs in its international operations.
he United States blacklisted Lebanese company DK Group for arranging to ship Syrian pound banknotes from Russia to the Syrian central bank, an allegation strongly denied by the company’s general manager.
An international website specializing in airport services has ranked King Abdul Aziz International Airport in Jeddah among the worst airports in the world with regard to services
The number of tourists arriving in Egypt increased by 15.8% in July compared with the same month a year ago.
“A lot of the Middle Eastern buyers are next generation. They went to university in the US and the UK....They don’t want to stay in dad’s house in Knightsbridge."
Oil-rich Kuwait tripled the prices of diesel and kerosene on Wednesday, ending decades of heavy subsidies, while putting off a similar decision on electricity and water charges.
It said that these steps will focus on the markets that have the “greatest scale and growth potential”.
Pregnancy and motherhood bring many changes — including some major ones to your bank account.