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May 26, 2016

A foreign ministry spokesman said the Swiss government had blocked about $650 million in the case of Egypt, and $61 million in the case of Tunisia. (Twitter)
13:26 GMT
A new law allowing Swiss authorities to seize and return illicitly-acquired funds from Swiss banks will come into effect in July.
Analysts had earlier predicted that Qatar's bond would only be valued at $5 billion. (File photo)
12:56 GMT
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.
Some apps have the option to wipe-out data on the phone if it is stolen so you don’t become a victim of identity theft. (Shutterstock)
12:37 GMT
Having a smartphone potentially exposes you to the risk of identity theft and financial fraud; keep it safe!
Last year, Iraq secured $1.7 billion in loans from the World Bank and $833 million from the IMF. (YouTube)
12:24 GMT
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.
Amman's Rotana Tower decked out for Jordan's Independence Day celebrations. (Facebook)
12:03 GMT
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.
If genuinely interested in more than one job with an employer, make sure to explain why you are applying for each job.  (File photo)
11:21 GMT
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 was signed yesterday during a ceremony at Al Jazeera headquarters in the Qatari capital Doha.  (AFP/Tuck/Ullstein Bild)
11:07 GMT
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.
Jordan used to receive around 10,000 barrels per day of crude oil from Iraq before Daesh militants controlled several parts in western Iraq, causing a complete halt to shipments. (Shutterstock)
10:39 GMT
Baghdad recently announced route changes to the highly-anticipated pipeline in order to expedite construction of the $15B project.
The merger negotiations between CBC and AlNahar lasted nine months. (Scoop Empire)
10:19 GMT
After nine months of intense negotiations the two major networks will create an umbrella holding company with global aspirations.
The IsDB and THY will also cooperate within the framework of the Parties’ Social Responsibility Program in the transportation and distribution of hajj meat provided to the poor, health, and education.  (Twitter)
08:00 GMT
Turkish Airlines will provide aviation training and tech support to 56 of the IsDB's member countries.
Etihad has embarked on a strategy of buying up stakes in airlines from Australia to Italy in bid to grow its network. (File photo)
07:00 GMT
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 development will include 2 square kilometres of residential units and create more than 200,000 jobs.  (Ventures on Site)
06:00 GMT
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.
Earlier this week, Reuters reported that the bank had cut 15 per cent of its workforce of 70 employees. (File photo)
05:00 GMT
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

A study on pollution with the Regional Organization for the Conservation of the Environment of the Red Sea and Gulf of Aden (PERSGA), is expected to be released soon. (Arab News)
13:00 GMT
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.
Financial experts agree that an emergency fund is not just a nice extra, it can be a lifeline. (Shutterstock)
12:26 GMT
Even if your financial situation is good, at some point in time, we will all face an unexpected expense.
With an overwhelming workload, a busy schedule and looming deadlines, it’s very likely that your employees will head for hard times. (File photo)
12:04 GMT
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.
Doha Bank is the worst performing lender on the Qatar Exchange Index, having been hit by negative S&P ratings due to an expected further deterioration in its asset quality. (File photo)
12:00 GMT
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.
Presenter Nicole Tannoury appears on the list of employees reportedly axed by Al Arabiya. (YouTube)
10:17 GMT
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.
The prevalence of travel apps allows you to become your own travel agent and tour guide.  (Shutterstock)
10:15 GMT
It's never been easier to plan and enjoy a getaway, with the convenience of your mobile phone.
Despite the changes, Twitter is standing by its 140-character limit.  (File photo)
09:22 GMT
The Twitter rumour mill proves true as the microblogging site announces plans to simplify tweets.
Under Algerian law, foreign channels must broadcast their content from abroad but dozens of satellite television channels have been broadcasting news and social programs from Algeria. (Twitter)



(Twitter)
09:00 GMT
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.
The Marasi Business Bay is a 12km waterfront scheme comprising shops, restaurants, a 1,250-berth marina and a park. (Marasi Business Bay)
08:00 GMT
Dubai Holding has unveiled its seven-year plans for Marasi Business Bay, a new marina development along the Dubai Water Canal.
Allegations about the UAE’s suitability to chair KP from the CSC were “strongly refuted and rejected” by the UAE.   (Shutterstock)
06:00 GMT
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.
Iran continues to stress that it has no plans to freeze the level of its oil production and exports. (File photo)
05:17 GMT
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.
The vote drew fire from BDS activists on Jordanian social media networks. (File photo)
04:58 GMT
As Jordan celebrates its Independence Day, a parliamentary vote to permit Israelis to support Jordanian governmental projects has generated controversy.

May 24, 2016

Bahrain Financial Harbour skyscrapers in Manama. (Shutterstock)
13:02 GMT
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.
Russia's Sberbank has displayed interest in incorporating a specialized sector for Islam-based banking transactions. (Kiev Post)
12:31 GMT
Two of the largest Russian banks, led by a proposal from the President of Tartarstan, plan to trial several transactions consistent with Sharia principles.
The opening of the Iranian TV market, a largely untapped market for pay TV business, is providing a wealth of opportunities for the regional operators. (Shutterstock)
11:00 GMT
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.
A 3D-printer measuring 20 feet high, 120 feet long and 40 feet wide was used to print the building. (Khaleej Times)
10:15 GMT
The unique building on the Emirates Towers premises will house the temporary office of the Dubai Future Foundation.
Sometimes a good advertisement needs to be edgy. (Tbreak)
10:09 GMT
Samsung advertising gets creative by using a 262 foot building as a backdrop for the largest Galaxy S7 Edge.
Rony Al Masri is the Director of Human Resources at Radisson Blu Dubai, Media City. (Bayt)
10:00 GMT
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.
The country’s ceding to the union’s demands will be a blow to plans to include up to 20,000 oil workers under its new public payroll system as low oil prices hit coffers. (AFP/File)
10:00 GMT
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 report did not disclose the names of the individuals or groups whose bank accounts were frozen, their nationalities, or amounts. (Shutterstock)
09:02 GMT
The latest report from Lebanon's Special Investigation Commission reveals the latest in a series of measures to combat terrorism financing and money laundering.
Israel restricts the entry of goods into Gaza out of fears they will be used to build tunnels, but Gazans desperately need cement for reconstruction. (AFP/Said Khatib)
08:16 GMT
Cement deliveries to private providers in Gaza have resumed after Israel lifts ban that has been in place since April 3.
Earlier this month Shuaa Capital announced a first-quarter net loss of Dhs 27.5 million. (Shuaa)
08:05 GMT
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.
Qatar is spending up to $200B on infrastructure required to host the tournament.(Yaeni)
06:00 GMT
Investments include opportunities in sports development, event management and promotion, construction, goods and equipment, marketing, tourism and maintenance.
Bahrain's inflation was reported at  3.8 percent year-on-year, its highest for 29 months. (File photo)
05:00 GMT
Slow economic growth and rising costs of living continue to be major challenges for Bahrain.

May 23, 2016

A total of $115 million has been allocated to complete the Jordan Gate project, of which 72 per cent is already finished. (Wikimedia Commons)
13:00 GMT
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.
Last year, GE announced an investment of $100m in its research and manufacturing programmes in the kingdom. (Twitter)
12:45 GMT
The agreement between GE and Saudi Arabian Industrial Investments Company will fund water, energy, aviation, and digital projects.
Nokia is finally ready to play the game with reigning smartphone giants as Microsoft sells off its feature phone business. (File photo)
12:34 GMT
Bolstered by a $500 million investment, the Finnish company is getting back in the mobile game.
A busy schedule is the biggest challenge standing between 30% of polled professionals and healthier lifestyle. (Shutterstock)
12:28 GMT
Just because you might be tied to a desk doesn't mean you have to survive on donuts and sugary drinks.
Fitch indicated that Lebanon’s banking sector was among 15 banking systems that have a Banking System Indicator of “b”. (File photo)
11:45 GMT
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.
Thomas Cook said more holidaymakers are spurning Egypt, Turkey and Tunisia, heading instead for the western Mediterranean, particularly Spain. (File photo)
11:28 GMT
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.
Up to $200 billion is being spent on wider infrastructure required to host the World Cup. (Twitter)
10:28 GMT
Spending on Qatar's infrastructure and stadiums is well on track, with labor inspections and scrutiny of recruitment agencies also on the increase.
Omagine are exploring a proposal involving Chinese investment in Omagine LLC and the Chinese contractor arranging finance for the Omagine Project. (Shutterstock)
09:00 GMT
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.
In March 2016, Dubai Islamic Bank successfully closed a $500M sukuk issuance. (File photo)
08:00 GMT
The sukuk market has witnessed a resurgence of interest as equities sag and corporates seek to raise capital.
The agreement includes establishment of a mechanism to employ and a guarantee of the rights and duties of the domestic workers as also the employers, as per international norms. (File photo)
07:00 GMT
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.
The total number of multinational companies that signed agreements in Al Mazunah Free Zone exceeds 75. (Al Mazunah)
06:00 GMT
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 cabinet is seeking to create conditions that will help enhance trust, expedite investments and encourage additional investments in the gas sector, including the entry of new investors. (File photo)
05:09 GMT
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

Jordan used to export 180,000-200,000 tonnes of fruit and vegetables to Iraq each year but were forced to export via Kuwait after the border crossing was closed. (File photo)
13:00 GMT
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.
Officials from Russia (L) and Egypt (R) sign an agreement to build Egypt's first nuclear power plant as Egyptian President Abdel Fattah al-Sisi (C) in November 2015. (Facebook)
12:00 GMT
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.
Saudi's retail sector has been experiencing the same crunch as in other Gulf markets, brought on by the steep dive in oil prices and the fallout this had on consumer spending habits. (Damas)
11:49 GMT
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.
Everything may seem to be a lot cheaper when bought in bigger quantities. (Shutterstock/mandritoiu)
11:22 GMT
Wholesale buying can increase waste and offset the savings goal, so make sure you are getting the most for your money.
The IMF standby arrangements allow the fund to respond quickly to countries’ external financing needs, and to support policies designed to help them emerge from crisis, with lending tailored to member countries' needs.
11:00 GMT
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.
There was almost a 24-hour time lapse between the first instance of reporting on the aeroplane’s disappearance and the Egyptian authorities announcing that it had crashed, despite statements early on by other governments that the plane had gone down into the sea. (AFP/Thomas Samson)
10:50 GMT
As the world expresses its shock over missing EgyptAir flight MS804, personal stories of the Egyptian victims have begun to emerge.
Lamsa, an Arabic language app, has grown to become the region's leading edutainment app for children. (File photo)
10:36 GMT
Lamsa reading app launched due to lack of quality and culturally relevant education material for children in the Arab world.
Saudi has been pushing for a freeze deal since February so they needed to rely on stocks to meet any rise in customers’ demands at home and abroad while keeping their output flat. (File photo)
09:35 GMT
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.
Middle East architects and building owners are increasingly demanding global best practices in energy efficiency.   (Hunter Douglas)
09:06 GMT
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.
Be careful of being involved in more things than my hours in the day could fit, or biting off more than you can chew. (File photo)
08:39 GMT
It's a challenge to manage your time when starting a new business, but you need to set yourself limits to avoid burnout.
Sheikh Mohammad and Tim Cook met in 2014 during the CEO’s first visit to the UAE. (Dubai Media Office)
08:32 GMT
Apple CEO Tim Cook announced plans for more stores in the UAE during a surprise visit to the Dubai Apple store.
The Western powers also called on the Islamic Republic to create a favorable environment for investors to do business in the country. (File photo)
08:20 GMT
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.
Images of debris believed to be from the lost EgyptAir flight from Paris were released on the official Facebook page for Egypt's military spokesman of the Armed Forces. (Facebook)
05:29 GMT
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

Workers at the Leviathan gas field. (Noble Energy)
14:40 GMT
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.
The Act that was passed in the US is an U.S. act whose implementation is required throughout the world and in Lebanon, said Central Bank Governor Riad Salameh. (The Daily Star)
13:00 GMT
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.
Jordan Atomic Energy Commission chairman insists that the nuclear program is vital to ensure diversity in the energy mix in the Kingdom, which has been dependent on imported fuel. (File photo)
12:00 GMT
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.
Korean cars topped sales in the second-hand market, acquiring 50% of sales, followed by Japanese cars with 30% of sales. (Shutterstock)
11:00 GMT
A shortage in supply of new and used cars coupled with increased demand has led to skyrocketing prices in the second-hand car market.
Adjustments to the regulation last month made obtaining a holiday home licence easier for property owners and allowed renters to apply for short-term permits to host guests with the agreement of their landlord. (File photo)
10:00 GMT
The online rental site has signed an MoU with Dubai Tourism to support new holiday home regulations in the emirate.
Jordan's energy minister said that the project would create the necessary infrastructure for the interconnection with Saudi Arabia. (File photo)
09:00 GMT
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.
How technology can be put to better use to improve crisis response will be a key theme at the World Humanitarian Summit in Istanbul next week, where a Global Alliance for Humanitarian Innovation will be launched. (YouthOp)
09:00 GMT
LinkedIn, Airbnb, Twitter and Facebook are some of the many tech companies that are using innovation to improve humanitarian responses.
The Dutch company Shell acquired all assets and concessions of BG in February 2016.  (Shell)
08:00 GMT
The 30 percent downpayment will be made in exchange for resuming work in the Mediterranean, to be completed by end 2018.
Advertising companies are focusing on young people to market their products in return for a specific commission agreed for each sale. (Shutterstock/dennizn)
07:44 GMT
Advertising in Saudi will no longer be the same as savvy social media users cash in on digital marketing.
Delta has accused Gulf airlines of competing unfairly by receiving billions in government subsidies, claims strongly denied. (File photo)
07:00 GMT
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.
The compromise is aimed at creating a regulatory environment that encourages investments. (File photo)
06:30 GMT
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 sovereign action reflects the ongoing negative impact of lower oil prices on Saudi’s fiscal position 
and economic strength. (Argaam)
06:00 GMT
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.
 Prince Alwaleed Bin Talal met with founder of Bloomberg and former Mayor of New York Michael Bloomberg.  (Kingdom Holding Company)
05:00 GMT
Bloomberg will support the creation of financial and economic news programming on the Alarab channel, which is privately owned by the Saudi Prince.
According to the Ridler Report, three-quarters of the105 blue-chip organisations it surveyed expect to increase their investment in coaching over the next two years. (Shutterstock)
05:00 GMT
Sports coaches actively participate to prepare their players for success. And a great CEO coach actively prepares the executive for success.

May 18, 2016

Up until now, pictures or links could take up to 23 characters. (File photo)
13:10 GMT
The microblogging site is yet to confirm whether or not they are excluding links and photos from the character limit.
Reducing unemployment rates is not the responsibility of the ministry alone, citing that the number of university graduates in Jordan is on the rise and some majors do not meet the needs of labour market  (Mutualresponsibility.org)
13:00 GMT
The Central Bank of Jordan's annual report puts the joblessness rate at 13 per cent last year, the highest since 2008.
80% of professionals check a company’s online profile before applying for a job. (File photo)
12:57 GMT
Bayt.com Premium Company Profiles allows you to create a branded, customized space for your company online.
The idea for the museum dates back to 1997, four years after the Oslo peace accords established the Palestinian Authority and were in theory meant to lead to an independent Palestinian state. (AFP/Abbas Momani)
12:47 GMT
The $28 million museum and grounds in the West Bank has been inaugurated, with an exhibition planned for October.
A model of Al Wakrah stadium designed by the late Iraqi-British architect Zaha Hadid. (File photo)
12:00 GMT
FIFA indirectly cautions Qatar against building infrastructure that will not be used after the 2022 World Cup.
Other Gulf states holding massive amounts of U.S debt include the United Arab Emirates with $62.5 billion, Kuwait with $31.4 billion and Oman with $15.9 billion.  (Shutterstock)
11:00 GMT
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.
The bank will offer financial, investment and advisory services to the Palestinian diaspora living in the Gulf region and beyond. (Bank of Palestine)
10:04 GMT
Bank of Palestine has opened its first overseas office at the Dubai International Financial Centre
Emirates employed 4100 pilots as of November and will need to hire as many as 500 new pilots this fiscal year. (File photo)
09:15 GMT
The Emirates Group, which includes airport and travel services company dnata, is on a massive recruitment drive to power its expansion plans.
The technical delegation also reviewed the progress of the Amman development corridor project that cost Dh319 million and is set for completion in 2016. (File photo)
09:04 GMT
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 bill must now be passed by the House of Representatives before it heads to President Barack Obama's desk.  (Pixabay)
06:35 GMT
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.
Jeddah Tower is now due for completion at the end of 2019. (File photo)
06:03 GMT
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

Flash was an indispensable part of the web just a few short years ago. (Ubergizmo)
13:42 GMT
Google Chrome throws its weight behind weaning users off Flash, announcing that it will block Flash by default.
British banks and the Bank of England are busy preparing contingency plans should Britain leave the EU after the June 23 vote. (Shutterstock)
13:31 GMT
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.
Charred structures in the fire-damaged city of Fort McMurray, Alberta, Canada, (AFP/Jonathan Hayward)
13:21 GMT
Up to a million barrels per day are affected by wildfires that have struck the heart of the Canadian oil industry.
Many people assume that networking is just making contacts and acquaintances but never apply any actual focus on why they are networking. (Shutterstock)
13:01 GMT
The real value of networking is how much your contacts are willing to do for you.
In cooperation with Russia’s Rosatom, Jordan's first reactor is slated to be ready by 2023 and the second by 2025. (Shutterstock)
12:53 GMT
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 rise of free internet-based calling apps and messaging such as Viber and Whatsapp has cut into Gulf telecom operators' profits. (Vodafone)
12:33 GMT
The loss-making telecoms operator blames the rise of free internet-based calling apps for eating into its profits.
In December, the Health Ministry's tally showed 189 drugs were in short supply but had available substitutes and a further 43 drugs were in short supply with no substitute. (Shutterstock)
11:47 GMT
Egypt's health ministry is coordinating with the supplies and military production ministries to ensure essential drugs are on the shelves.
One of the biggest obstacles to feminising the private and public sectors is providing a suitable work environment. (Shutterstock)
11:19 GMT
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.
A $300,000 investment gets you permanent residency after two months and then a Cypriot passport after three and a half years.  (Twitter)
11:04 GMT
Cash for citizenship programs in Greece and Cyprus are becoming the 'Plan B' for the Lebanese who can afford it.
With more stores open and demand weak, average sales per outlet are lower than in 2009. (File photo)
10:48 GMT
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.
The new changes represent the biggest overhaul of the sovereign wealth fund since 2014. (File photo)
10:26 GMT
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.
Although low oil prices are having a varying impact on Mena countries economically, they are having little impact on M&A strategy. (Shutterstock)
06:05 GMT
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

Doha Bank Tower, Qatar.  (Arabian Business)
13:00 GMT
Qatar's fourth largest bank by assets is eyeing new markets but suggests that there are still regulatory issues to resolve in certain countries.