May 26, 2016
A new law allowing Swiss authorities to seize and return illicitly-acquired funds from Swiss banks will come into effect in July.
The sale will help to bridge Qatar's budget deficit, which is expected to reach $12.8B this year due to persistently low oil prices.
Having a smartphone potentially exposes you to the risk of identity theft and financial fraud; keep it safe!
Following the IMF's decision to grant Iraq with a $5.4B standby loan, news of the IsDB loan will offer some respite to the country's $20.5B deficit.
3D mapping technology is being used to showcase images in Amman for Jordan's 70th Independence Anniversary and the centennial of the Great Arab Revolt celebrations.
When more than one vacancy in the same company is advertised, consider whether your skills really match and use your cover letter to customize your application.
The agreement allows Turkey's Anadolu Agency News Academy and Al Jazeera's Media Training and Development Centre to hold joint training programs and exchanges.
Baghdad recently announced route changes to the highly-anticipated pipeline in order to expedite construction of the $15B project.
After nine months of intense negotiations the two major networks will create an umbrella holding company with global aspirations.
Turkish Airlines will provide aviation training and tech support to 56 of the IsDB's member countries.
Etihad Airways and minority-owned airlines Air Berlin, Air Serbia, Air Seychelles and Alitalia will use the funds for capital expenditure, fleet investment and refinancing the individual carriers.
The joint venture between Mountain View-Sisban and Egypt's Ministry of Housing is one of the first major projects in Egypt based on a public-private partnership.
The investment bank released a statement to insist that the slashed jobs do not have a significant impact on the firm's performance and balance sheet.
May 25, 2016
Claims by a former environmental professor at King Abdulaziz University over pollution on Jeddah's beaches have been rejected by the head of the Presidency of Meteorology and Environment.
Even if your financial situation is good, at some point in time, we will all face an unexpected expense.
When burnout happens, efficiency typically gives way to a lack of productivity, while the ability to handle multiple tasks is replaced by tendency to procrastinate and failure to perform ordinary duties.
Bank liquidity in the GCC has been hit by a more than 50 per cent slide in crude prices since mid-2014, forcing banks to redefine its business models.
Saudi Akhbaar24 reports that Al Arabiya has slashed jobs including those of Lebanese presenter Gisele Habib, veteran journalist Nasser al-Sarami, and presenter Nicole Tannoury.
It's never been easier to plan and enjoy a getaway, with the convenience of your mobile phone.
The Twitter rumour mill proves true as the microblogging site announces plans to simplify tweets.
As the Algerian government takes steps to regulate the media sector, it was revealed that only five out of 60 satellite channels in Algeria are licensed.
Dubai Holding has unveiled its seven-year plans for Marasi Business Bay, a new marina development along the Dubai Water Canal.
The UAE hosts its first meeting as chair of the 'blood diamond' regulatory group, despite doubts over its suitability to chair were raised by representatives from the Kimberley Process Civil Society Coalition.
Ahead of Vienna OPEC meeting, there are signs of slow market recovery, but Qatar's energy minister does not rule out reviving talks of a production freeze.
As Jordan celebrates its Independence Day, a parliamentary vote to permit Israelis to support Jordanian governmental projects has generated controversy.
May 24, 2016
In a shift of policy, Bahrain's sovereign wealth fund plans more investments in international deals in a bid to diversify its economy, Bloomberg reports.
Two of the largest Russian banks, led by a proposal from the President of Tartarstan, plan to trial several transactions consistent with Sharia principles.
Revenues from pay tv have passed the billion-euro mark for the first time, and subscriptions are expected to double in five years following the opening of the Iranian TV market.
The unique building on the Emirates Towers premises will house the temporary office of the Dubai Future Foundation.
Samsung advertising gets creative by using a 262 foot building as a backdrop for the largest Galaxy S7 Edge.
Rony Al Masri has a Bachelor’s degree in Human Resources from the American University of Technology, Lebanon and has a decade of experience in HR.
Kuwait has yielded to pressure and will offer a oil and gas workers a pay rise, after a three-day strike against proposed benefit cuts crippled production.
The latest report from Lebanon's Special Investigation Commission reveals the latest in a series of measures to combat terrorism financing and money laundering.
Cement deliveries to private providers in Gaza have resumed after Israel lifts ban that has been in place since April 3.
The UAE's banking industry takes another hit as the Dubai-based investment bank plans to slash jobs in the battle stem losses due to low oil prices.
Investments include opportunities in sports development, event management and promotion, construction, goods and equipment, marketing, tourism and maintenance.
Slow economic growth and rising costs of living continue to be major challenges for Bahrain.
May 23, 2016
Construction on the project is due to resume 'within days' as disagreements between the Al Bayan Holding Company of Kuwait and Al Hamad Contracting Company are reportedly resolved.
The agreement between GE and Saudi Arabian Industrial Investments Company will fund water, energy, aviation, and digital projects.
Bolstered by a $500 million investment, the Finnish company is getting back in the mobile game.
Just because you might be tied to a desk doesn't mean you have to survive on donuts and sugary drinks.
Lebanon's banking sector rating remains unchanged since 2013, according to Fitch Ratings' semi-annual risk assessment of 114 banking systems in advanced and emerging economies.
Shares in one of the UK's biggest travel firms fell 19 percent after the EgyptAir crash and amid skittish sentiment over insecurity in once-popular destinations.
Spending on Qatar's infrastructure and stadiums is well on track, with labor inspections and scrutiny of recruitment agencies also on the increase.
Pressure on local finance options have forced Omagine LLC to look to China for help in developing the beach complex, with talks reaching an advanced stage.
The sukuk market has witnessed a resurgence of interest as equities sag and corporates seek to raise capital.
The ministries of labor for Saudi Arabia and Indonesia have reached an agreement to improve the recruitment and welfare of Indonesian maids in the Kingdom.
Investment agreements in Al Mazunah free zone have been signed with 21 companies in the first quarter of 2016, including plans to build a hotel.
The new agreement paves the way for more Leviathan gas field development and includes a more flexible stability clause that allows for policy changes over the next ten years.
May 22, 2016
The Karama-Turaibil border crossing between Jordan and Iraq is expected t re-open in less than two weeks after nearly a year of closure.
Egypt's President Sisi approved a $25 bln loan from Russia for the Dabaa nuclear power plant, the largest Russian-Egyptian project since the Aswan Dam.
Despite a slowdown in sales, Damas is targeting ultra-wealthy shoppers with plans to open another 20 shops for a total of 40 by the end of the year.
Wholesale buying can increase waste and offset the savings goal, so make sure you are getting the most for your money.
The IMF's standby loan agreement could unlock an additional $15B over the next three years, including securing international bonds, according to Iraq's finance minister.
As the world expresses its shock over missing EgyptAir flight MS804, personal stories of the Egyptian victims have begun to emerge.
Lamsa reading app launched due to lack of quality and culturally relevant education material for children in the Arab world.
Saudi Arabia’s stockpiles dropped to 296.7 million barrels in March from 305.6 million barrels in February to meet demand while keeping a lid on production.
With energy and facilities management combining for 90 percent of a building’s costs, energy efficient buildings can drive $3.5 in savings in the GCC.
It's a challenge to manage your time when starting a new business, but you need to set yourself limits to avoid burnout.
Apple CEO Tim Cook announced plans for more stores in the UAE during a surprise visit to the Dubai Apple store.
The US and EU have released a joint statement to affirm that they 'will not stand in the way' of extensive economic opportunities available in Iran.
Investors have panicked at the prospect of EgyptAir MS804 being brought down by a terrorist attack, and the negative impact on Egypt's tourism industry and economy.
May 19, 2016
Egypt had planned an appeal against the arbitrated ruling to pay Israel $1.7B compensation for disrupted gas supply, but a reported reduction may kickstart the gas deal.
Condemning Hezbollah's call to resist compliance with the US law, Lebanon's Central Bank governor warned of the risks of isolation from international banking relations.
Negotiations are currently underway with the Czech Republic, China and Japan for third-party investment,while Jordan will retain the largest stake in the nuclear plant.
A shortage in supply of new and used cars coupled with increased demand has led to skyrocketing prices in the second-hand car market.
The online rental site has signed an MoU with Dubai Tourism to support new holiday home regulations in the emirate.
Announced on the sidelines of the Jordan International Energy Summit, The project will take up to two years to complete and will cost up to JD200 million.
LinkedIn, Airbnb, Twitter and Facebook are some of the many tech companies that are using innovation to improve humanitarian responses.
The 30 percent downpayment will be made in exchange for resuming work in the Mediterranean, to be completed by end 2018.
Advertising in Saudi will no longer be the same as savvy social media users cash in on digital marketing.
Qatar Airline launches a celebration of its new Atlanta route in Delta Airlines' hometown, prompting Delta to cancel its long-standing sponsorship of the concert venue.
Negotiations between the Leviathan gas reservoir owners and the Israeli government have reached a compromise over a new clause that allows flexibility for potential changes in natural gas policy.
The investors service has negatively revised the long-term deposit ratings of nine banks and confirming the ratings of two banks as stable, while placing all UAE banks on a negative outlook.
Bloomberg will support the creation of financial and economic news programming on the Alarab channel, which is privately owned by the Saudi Prince.
Sports coaches actively participate to prepare their players for success. And a great CEO coach actively prepares the executive for success.
May 18, 2016
The microblogging site is yet to confirm whether or not they are excluding links and photos from the character limit.
The Central Bank of Jordan's annual report puts the joblessness rate at 13 per cent last year, the highest since 2008.
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The $28 million museum and grounds in the West Bank has been inaugurated, with an exhibition planned for October.
FIFA indirectly cautions Qatar against building infrastructure that will not be used after the 2022 World Cup.
The Kingdom ranks 13th among countries holding American securities, compared to the China at the top of the list with $1.3 trillion, followed by Japan with $1.1 trillion.
Bank of Palestine has opened its first overseas office at the Dubai International Financial Centre
The Emirates Group, which includes airport and travel services company dnata, is on a massive recruitment drive to power its expansion plans.
A delegation from the Abu Dhabi Fund for Development are reviewing nearly $1.2B worth of projects in Jordan including the Amman development corridor, and renewable energy projects.
The US Senate unanimously passed the Justice Against Sponsors of Terrorism Act on Tuesday, bringing families of 9/11 victims a step closer to legal action against Saudi Arabia.
Work on what will be the tallest tower in the world has been forced to slow to a snail's pace as a result of the Binladin Group's financial difficulties.
May 17, 2016
Google Chrome throws its weight behind weaning users off Flash, announcing that it will block Flash by default.
If you have UK assets, there are a number of things you can do if the UK votes to leave the EU on June 23.
Up to a million barrels per day are affected by wildfires that have struck the heart of the Canadian oil industry.
The real value of networking is how much your contacts are willing to do for you.
Jordan is aiming for renewable sources to constitute 20 percent of the energy mix in 2020, and to produce 48 per cent of its electricity using nuclear power by 2025.
The loss-making telecoms operator blames the rise of free internet-based calling apps for eating into its profits.
Egypt's health ministry is coordinating with the supplies and military production ministries to ensure essential drugs are on the shelves.
The programme is expected to particularly appeal to women working in rural areas and small towns and will be served be seven centres in Qassim, Hail, Jazan, Madinah, Najran and Al-Ahsa.
Cash for citizenship programs in Greece and Cyprus are becoming the 'Plan B' for the Lebanese who can afford it.
High-end retailers are expecting to hit a seven-year low in sales as fewer tourists and reduced spending power cast a shadow on the market.
Qatar Holding is being overhauled and rebranded as Qatar Investments, a $100B unit made up of stakes from Qatar Airways, and other companies, while international investments will fall under QIA.
Regional economic reforms are expected to increase mergers & acquisitions, with the hottest sectors expected to be in media, telecom, tech, mining and energy.
May 16, 2016
Qatar's fourth largest bank by assets is eyeing new markets but suggests that there are still regulatory issues to resolve in certain countries.