Al Bawaba - Business http://www.albawaba.com/business/%2A en Egyptian pound falls to new lows http://www.albawaba.com/business/egyptian-pound-falls-new-lows-649558 <p><a href="http://www.albawaba.com/business/great-news-egyptian-pound-continues-depreciate-579048" target="_blank">Egypt's pound weakened</a> to 7.43 per dollar from 7.39 at a central bank auction on Monday, the weakest level it has been allowed to reach since auctions began in December 2012.</p> <p>&nbsp;It was the sixth consecutive official depreciation in the past week, prompted by <a href="http://www.albawaba.com/news/egypt-black-market-artifacts-484759" target="_blank">the gap between the black market and the official rate.</a></p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/egyptian-pound-falls-new-lows-649558" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/egyptian_pound.jpg" alt="There remains an active black market in the pound that is used by businesses and individuals, and the gap between this and the official rate has been widening for months." title="There remains an active black market in the pound that is used by businesses and individuals, and the gap between this and the official rate has been widening for months." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://english.ahram.org.eg" title="Al-Ahram Gate" target="_blank"><img src="http://pub.syndigate.info/logos/small/908.png" title="Al-Ahram Gate" border="0" /></a> © Copyright Al-Ahram Publishing House </div> </div> </div> <p><a href="http://www.albawaba.com/business/egyptian-pound-falls-new-lows-649558" target="_blank">read more</a></p> http://www.albawaba.com/business/egyptian-pound-falls-new-lows-649558#comments BUSINESS Banking & Finance Main headlines Egypt Tue, 27 Jan 2015 21:20:04 +0000 649558 at http://www.albawaba.com A rekindled attraction: Qatari Diar receives long-awaited approvals for major Egyptian tourism project http://www.albawaba.com/business/rekindled-attraction-qatari-diar-receives-long-awaited-approvals-major-egyptian-tourism-pro <p>Tourism Development Authority (TDA) has received approvals from the Egyptian Ministry of Defence, allowing<a href="http://www.dailynewsegypt.com/2015/01/11/qatari-diar-invests-egypt-two-major-tourist-projects/" target="_blank"> Qatari Diar (QD) to implement its tourism project.</a></p> <p>Companies investing in tourism related projects need to acquire the approval of the Ministry of Defence.</p> <p>Head of the TDA Serag El-Din Saad told Aswat Masriya that the project will include hotels and shopping malls.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/rekindled-attraction-qatari-diar-receives-long-awaited-approvals-major-egyptian-tourism-pro" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/egypt_tourism.jpg" alt="The company stated that the project features residential components, including villas, townhouses and apartments." title="The company stated that the project features residential components, including villas, townhouses and apartments." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.thedailynewsegypt.com/" title="Daily News Egypt" target="_blank"><img src="http://pub.syndigate.info/logos/small/11.png" title="Daily News Egypt" border="0" /></a> © 2014 Daily News Egypt. </div> </div> </div> <p><a href="http://www.albawaba.com/business/rekindled-attraction-qatari-diar-receives-long-awaited-approvals-major-egyptian-tourism-pro" target="_blank">read more</a></p> http://www.albawaba.com/business/rekindled-attraction-qatari-diar-receives-long-awaited-approvals-major-egyptian-tourism-pro#comments BUSINESS Main headlines Tourism & Hospitality Qatar Tue, 27 Jan 2015 15:49:06 +0000 649494 at http://www.albawaba.com A precious vehicle banned: the emerging black market for Tuk-tuks in Egypt http://www.albawaba.com/business/precious-vehicle-banned-emerging-black-market-tuk-tuks-egypt-649478 <p>A young man in his twenties enjoys a well-off lifestyle due to his job as a supervisor in one of the famous hotels in Sharm El-Sheikh in 2010. A few months later in January, the revolution erupted and panic spread among Egyptians before foreigners due lack of security.</p> <p>The streets of Sharm El-Sheikh were freed of tourists and hotel rooms <a href="http://www.albawaba.com/business/egypt-tourism-563538" target="_blank">became ghost dwellings</a>.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/precious-vehicle-banned-emerging-black-market-tuk-tuks-egypt-649478" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/tuktuk_egypt.jpg" alt="He added that the aim of the suspension is not to save import money, but rather that it was for security goals, eliminating slums and traffic incidents" title="He added that the aim of the suspension is not to save import money, but rather that it was for security goals, eliminating slums and traffic incidents" class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.thedailynewsegypt.com/" title="Daily News Egypt" target="_blank"><img src="http://pub.syndigate.info/logos/small/11.png" title="Daily News Egypt" border="0" /></a> © 2014 Daily News Egypt. </div> </div> </div> <p><a href="http://www.albawaba.com/business/precious-vehicle-banned-emerging-black-market-tuk-tuks-egypt-649478" target="_blank">read more</a></p> http://www.albawaba.com/business/precious-vehicle-banned-emerging-black-market-tuk-tuks-egypt-649478#comments BUSINESS Industry Featured Articles Egypt Tue, 27 Jan 2015 15:24:45 +0000 649478 at http://www.albawaba.com UAE airlines suspend all flights to Baghdad http://www.albawaba.com/business/uae-airlines-suspend-all-flights-baghdad-649472 <p>UAE airlines have suspended flights to Baghdad <a href="http://www.albawaba.com/news/breaking-shots-fired-passenger-plane-baghdad-airport-649112" target="_blank">after a passenger airline from UAE was fired at while landing at Baghdad airport on Monday.</a></p> <p>Iraqi officials said gunshots were reportedly fired at a flydubai plane from UAE during landing at Baghdad airport.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/uae-airlines-suspend-all-flights-baghdad-649472" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/flydubai.jpg" alt="UAE airlines have suspended flights to Baghdad after a passenger airline from UAE was fired at while landing at Baghdad airport on Monday." title="UAE airlines have suspended flights to Baghdad after a passenger airline from UAE was fired at while landing at Baghdad airport on Monday." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> © 2015 Al Bawaba (<a href="http://www.albawaba.com">www.albawaba.com</a>) </div> </div> </div> <p><a href="http://www.albawaba.com/business/uae-airlines-suspend-all-flights-baghdad-649472" target="_blank">read more</a></p> http://www.albawaba.com/business/uae-airlines-suspend-all-flights-baghdad-649472#comments BUSINESS Main headlines Transport & Shipping Iraq Tue, 27 Jan 2015 15:14:28 +0000 649472 at http://www.albawaba.com Betting on a self-fulfilling prophecy? Oil prices may have hit floor, can rise to $200- says OPEC top chief http://www.albawaba.com/business/betting-self-fulfilling-prophecy-oil-prices-may-have-hit-floor-says-opec-top-chief-649464 <p class="p1"><a href="http://www.albawaba.com/business/oil-prices-have-reached-‘bottom’-remain-below-100-next-few-years-647724" target="_blank">&nbsp;Oil prices at current levels</a> may have reached a floor and could move higher very soon, the secretary-general of the Organisation of petroleum Exporting Countries (OPEC) said on Monday,&nbsp;</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/betting-self-fulfilling-prophecy-oil-prices-may-have-hit-floor-says-opec-top-chief-649464" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/OPEC_members_gulf_oil.jpg" alt="&quot;Maybe we will go to $200 if there is a real shortage of supply because of the lack of investment,&quot; OPEC&#039;s secretary general added." title="&quot;Maybe we will go to $200 if there is a real shortage of supply because of the lack of investment,&quot; OPEC&#039;s secretary general added." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.jordantimes.com" title="The Jordan Times" target="_blank"><img src="http://pub.syndigate.info/logos/small/62.png" title="The Jordan Times" border="0" /></a> © Copyright The Jordan Times. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/betting-self-fulfilling-prophecy-oil-prices-may-have-hit-floor-says-opec-top-chief-649464" target="_blank">read more</a></p> http://www.albawaba.com/business/betting-self-fulfilling-prophecy-oil-prices-may-have-hit-floor-says-opec-top-chief-649464#comments BUSINESS Main headlines Oil & Energy Middle East Tue, 27 Jan 2015 15:05:32 +0000 649464 at http://www.albawaba.com Time for permits: how recreational drones are threatening Dubai's airspace http://www.albawaba.com/business/time-permits-how-recreational-drones-are-threatening-dubais-airspace-649462 <p>Pilots said unregulated drones flown near airports <a href="http://www.albawaba.com/business/how-recreational-air-traffic-dubai-halted-due-misuse-recreational-drones-648226" target="_blank">can compromise aircraft safety leading to loss of lives,</a> even as Dubai Police said regulations are in the pipeline.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/time-permits-how-recreational-drones-are-threatening-dubais-airspace-649462" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/commercial_drones.jpg" alt="Pilots said unregulated drones flown near airports can compromise aircraft safety leading to loss of lives." title="Pilots said unregulated drones flown near airports can compromise aircraft safety leading to loss of lives." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.khaleejtimes.com" title="Khaleej Times" target="_blank"><img src="http://pub.syndigate.info/logos/small/44.png" title="Khaleej Times" border="0" /></a> Copyright © 2014 Khaleej Times. All Rights Reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/time-permits-how-recreational-drones-are-threatening-dubais-airspace-649462" target="_blank">read more</a></p> http://www.albawaba.com/business/time-permits-how-recreational-drones-are-threatening-dubais-airspace-649462#comments BUSINESS Featured Articles Transport & Shipping UAE Tue, 27 Jan 2015 14:44:13 +0000 649462 at http://www.albawaba.com Pack your bags: Gulf airlines plan to slash prices before next July http://www.albawaba.com/business/pack-your-bags-gulf-airlines-plan-slash-prices-next-july-649446 <p>Time to pack your bags. The year 2015 may just be one of the best times for people to go for their dream vacation as holiday spending could get cheaper anytime soon.</p> <p>Airlines in the UAE and the rest of the Gulf Cooperation Council (GCC) countries are forecast to slash fuel surcharges on tickets by March or June this year, following the recent decline in oil and gas prices.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/pack-your-bags-gulf-airlines-plan-slash-prices-next-july-649446" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/vacation.jpg" alt="The year 2015 may just be one of the best times for people to go for their dream vacation as holiday spending could get cheaper anytime soon." title="The year 2015 may just be one of the best times for people to go for their dream vacation as holiday spending could get cheaper anytime soon." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.gulfnews.com" title="Gulf News" target="_blank"><img src="http://pub.syndigate.info/logos/small/57.png" title="Gulf News" border="0" /></a> © Al Nisr Publishing LLC 2014. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/pack-your-bags-gulf-airlines-plan-slash-prices-next-july-649446" target="_blank">read more</a></p> http://www.albawaba.com/business/pack-your-bags-gulf-airlines-plan-slash-prices-next-july-649446#comments BUSINESS Main headlines Transport & Shipping GCC Tue, 27 Jan 2015 14:25:56 +0000 649446 at http://www.albawaba.com Catastrophic banking: Turkish state bank sustains $1 billion loss in bad loans http://www.albawaba.com/business/turkey-loans-debt-649438 <p>A Court of Accounts report for 2013 has revealed that the amount of bad loans<a href="http://www.ziraat.com.tr/tr/index.html" target="_blank"> that state-run Ziraat Bankası </a>had at the time was almost TL 2.5 billion (approximately $1 billion), nearly four times the amount needed to establish a private bank, a daily maintained on Monday.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/turkey-loans-debt-649438" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/istanbul-protest-journalists.jpg" alt="Because of a restructuring of bad loans the amount was decreased to $2.5 billion, the daily added, noting that the increase in bad loans was one of the highest in the history of the bank." title="Because of a restructuring of bad loans the amount was decreased to $2.5 billion, the daily added, noting that the increase in bad loans was one of the highest in the history of the bank." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.cihanmedia.com" title="Cihan News Agency (CNA)" target="_blank"><img src="http://pub.syndigate.info/logos/small/223.png" title="Cihan News Agency (CNA)" border="0" /></a> Copyright © 2014 Cihan News Agency. All right reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/turkey-loans-debt-649438" target="_blank">read more</a></p> http://www.albawaba.com/business/turkey-loans-debt-649438#comments BUSINESS Banking & Finance Main headlines Turkey Tue, 27 Jan 2015 14:14:04 +0000 649438 at http://www.albawaba.com Losing its glory? Iran joins long list of countries to ditch US dollar in foreign trade http://www.albawaba.com/business/losing-its-glory-iran-joins-long-list-countries-ditch-us-dollar-foreign-trade-649348 <p>Iran is stopping mutual settlements in dollars with foreign countries and agreements on bilateral swap in new currencies will be signed in the near future, the Central Bank of Iran (CBI) has said.&nbsp;“In trade exchanges with foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won,” Gholamali Kamyab, CBI deputy head, told the Tasnim state news agency.&nbsp;He added that Iran is considering the possibility of signing bilateral monetary agreements with several countries on the</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/losing-its-glory-iran-joins-long-list-countries-ditch-us-dollar-foreign-trade-649348" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/US_dollar.jpg" alt="In trade exchanges with foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won." title="In trade exchanges with foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.tehrantimes.com" title="Tehran Times" target="_blank"><img src="http://pub.syndigate.info/logos/small/1312.png" title="Tehran Times" border="0" /></a> © 2014 TehranTimes. All Rights Reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/losing-its-glory-iran-joins-long-list-countries-ditch-us-dollar-foreign-trade-649348" target="_blank">read more</a></p> http://www.albawaba.com/business/losing-its-glory-iran-joins-long-list-countries-ditch-us-dollar-foreign-trade-649348#comments BUSINESS Banking & Finance Main headlines United States Tue, 27 Jan 2015 11:02:11 +0000 649348 at http://www.albawaba.com Davos elite warned of 'catastrophic' cyber attacks http://www.albawaba.com/business/davos-elite-warned-catastrophic-cyber-attacks-649346 <p>Attacks on power plants, telecommunications and financial systems, even turning all of Los Angeles' traffic lights green: Davos elites were warned Saturday of the terrifying possibilities of modern cyber terrorism.Eugene Kaspersky, who heads the <a href="http://www.kaspersky.com" target="_blank">Kaspersky Lab security group,</a> said the possibilities of individuals being hacked would only increase in future as more devices, such as "smart" televisions, are hooked up to the Internet.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/davos-elite-warned-catastrophic-cyber-attacks-649346" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/cyber_security_attacks.jpg" alt="&quot;What you call the Internet of Things, I call the Internet of Threats,&quot; he told the assembled global political and business movers-and-shakers." title="&quot;What you call the Internet of Things, I call the Internet of Threats,&quot; he told the assembled global political and business movers-and-shakers." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.saudigazette.com.sa" title="The Saudi Gazette" target="_blank"><img src="http://pub.syndigate.info/logos/small/1526.png" title="The Saudi Gazette" border="0" /></a> © Copyright 2014 The Saudi Gazette. All Rights Reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/davos-elite-warned-catastrophic-cyber-attacks-649346" target="_blank">read more</a></p> http://www.albawaba.com/business/davos-elite-warned-catastrophic-cyber-attacks-649346#comments BUSINESS IT & Telecom Featured Articles Middle East Tue, 27 Jan 2015 10:57:04 +0000 649346 at http://www.albawaba.com In the right direction: Egypt's economic growth expected to go 'easily north of 4 percent' http://www.albawaba.com/business/egyptian-economy-growth-649138 <p>&nbsp;Egypt can expect economic growth "easily north of 4 percent" in fiscal year 2014-15, which ends in June, boosted by rising confidence and <a href="http://www.albawaba.com/business/diverging-fortunes-oil-price-decline-has-positive-impact-egypt-628643" target="_blank">a windfall from lower oil prices,</a> its finance minister said on Friday.Hani Dimian also told Reuters in an interview at the World Economic Forum in Davos that the budget deficit for this year would fall to between 10 and 10.5 percent of gross domestic product, down from 12.5 to 12.6 percent in 2013-14.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/egyptian-economy-growth-649138" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/cairo.jpg" alt="Egypt suffered a severe economic crisis after an uprising in 2011 led to the overthrow of two presidents." title="Egypt suffered a severe economic crisis after an uprising in 2011 led to the overthrow of two presidents." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.thedailynewsegypt.com/" title="Daily News Egypt" target="_blank"><img src="http://pub.syndigate.info/logos/small/11.png" title="Daily News Egypt" border="0" /></a> © 2014 Daily News Egypt. </div> </div> </div> <p><a href="http://www.albawaba.com/business/egyptian-economy-growth-649138" target="_blank">read more</a></p> http://www.albawaba.com/business/egyptian-economy-growth-649138#comments BUSINESS Economy & Trade Main headlines Egypt Tue, 27 Jan 2015 04:55:57 +0000 649138 at http://www.albawaba.com Time to consider other majors? One in every 65 Jordanians is an engineer http://www.albawaba.com/business/time-consider-other-majors-one-every-65-jordanians-engineer-649136 <p class="p1">&nbsp;The ratio of engineers to the population in Jordan is among the highest globally, Jordan Engineers Association (JEA) President Abdullah Obeidat said in a statement released Sunday.&nbsp;</p> <p class="p2">Noting that there are currently 119,000 engineers in the Kingdom, which makes one in every 65 Jordanians an engineer, Obeidat added that the international standard is one out of 200 people.&nbsp;</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/time-consider-other-majors-one-every-65-jordanians-engineer-649136" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/construction_projects.jpg" alt="Noting that there are currently 119,000 engineers in the Kingdom, which makes one in every 65 Jordanians an engineer." title="Noting that there are currently 119,000 engineers in the Kingdom, which makes one in every 65 Jordanians an engineer." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.jordantimes.com" title="The Jordan Times" target="_blank"><img src="http://pub.syndigate.info/logos/small/62.png" title="The Jordan Times" border="0" /></a> © Copyright The Jordan Times. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/time-consider-other-majors-one-every-65-jordanians-engineer-649136" target="_blank">read more</a></p> http://www.albawaba.com/business/time-consider-other-majors-one-every-65-jordanians-engineer-649136#comments BUSINESS Education, Training & Recruitment Main headlines Jordan Tue, 27 Jan 2015 04:55:26 +0000 649136 at http://www.albawaba.com Count the blessings: Emirates mulls cutting airfare prices over oil price drop http://www.albawaba.com/business/count-blessings-emirates-mulls-cutting-airfare-prices-over-oil-price-drop-649096 <p><a href="http://www.emirates.com/english/" target="_blank">Dubai's flagship airline, Emirates</a>, is studying whether to cut the fuel surcharge it passes on to customers to reflect recent drops in oil prices, its president has been quoted a saying.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/count-blessings-emirates-mulls-cutting-airfare-prices-over-oil-price-drop-649096" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/emirates.jpg" alt="Earlier this month, the chief executive of Qatar Airways said it would reduce its fuel surcharge, without saying when or by how much. " title="Earlier this month, the chief executive of Qatar Airways said it would reduce its fuel surcharge, without saying when or by how much. " class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.tradearabia.com/" title="Trade Arabia" target="_blank"><img src="http://pub.syndigate.info/logos/small/6.png" title="Trade Arabia" border="0" /></a> Copyright 2014 Al Hilal Publishing and Marketing Group </div> </div> </div> <p><a href="http://www.albawaba.com/business/count-blessings-emirates-mulls-cutting-airfare-prices-over-oil-price-drop-649096" target="_blank">read more</a></p> http://www.albawaba.com/business/count-blessings-emirates-mulls-cutting-airfare-prices-over-oil-price-drop-649096#comments BUSINESS Main headlines Transport & Shipping UAE Mon, 26 Jan 2015 17:51:13 +0000 649096 at http://www.albawaba.com 'Halal-hysteria': the biggest issue facing the halal industry is a PR one http://www.albawaba.com/business/halal-hysteria-biggest-issue-facing-halal-industry-pr-one-649094 <p>If you do not address a provocative rumour, does it become a reality?</p> <p>Can an agenda driven small vocal minority with social media savvy derail <a href="http://www.albawaba.com/business/muslim-halal-industry-569120" target="_blank">a trillion dollar industry?</a>The agenda is the halal food industry for the nearly two billion Muslims and non-Muslims with aligned values.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/halal-hysteria-biggest-issue-facing-halal-industry-pr-one-649094" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/halal_industry_food.jpg" alt="Can an agenda driven small vocal minority with social media savvy derail a trillion dollar industry?" title="Can an agenda driven small vocal minority with social media savvy derail a trillion dollar industry?" class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.khaleejtimes.com" title="Khaleej Times" target="_blank"><img src="http://pub.syndigate.info/logos/small/44.png" title="Khaleej Times" border="0" /></a> Copyright © 2014 Khaleej Times. All Rights Reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/halal-hysteria-biggest-issue-facing-halal-industry-pr-one-649094" target="_blank">read more</a></p> http://www.albawaba.com/business/halal-hysteria-biggest-issue-facing-halal-industry-pr-one-649094#comments BUSINESS Industry Featured Articles International Middle East Mon, 26 Jan 2015 17:38:58 +0000 649094 at http://www.albawaba.com Historic irony? Kuwait company awarded Iraq airport project http://www.albawaba.com/business/historic-irony-kuwait-company-awarded-iraq-airport-project-648912 <p><a href="http://www.kuna.net.kw/ArticleDetails.aspx?id=2420414&amp;Language=en" target="_blank">Kuwait-based Al-Nasriyah Company </a>has signed an agreement with Iraqi National Investment Commission (NIC) for the development of a new cargo airport in Diwaniya governorate of Iraq at a cost of $1.35 billion, said a report.The new airport, which will be spread over an area of 17,500 sq m, will be operated by Al Nasriyah under a 45-year contract, reported the Kuwait news agency.&nbsp;</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/historic-irony-kuwait-company-awarded-iraq-airport-project-648912" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/abou-dabi-airport.jpg" alt=" The new airport, which will be spread over an area of 17,500 sq m, will be operated by Al Nasriyah under a 45-year contract, reported the Kuwait news agency." title=" The new airport, which will be spread over an area of 17,500 sq m, will be operated by Al Nasriyah under a 45-year contract, reported the Kuwait news agency." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> © 2015 Al Bawaba (<a href="http://www.albawaba.com">www.albawaba.com</a>) </div> </div> </div> <p><a href="http://www.albawaba.com/business/historic-irony-kuwait-company-awarded-iraq-airport-project-648912" target="_blank">read more</a></p> http://www.albawaba.com/business/historic-irony-kuwait-company-awarded-iraq-airport-project-648912#comments BUSINESS Main headlines Transport & Shipping Kuwait Mon, 26 Jan 2015 10:37:46 +0000 648912 at http://www.albawaba.com Staying home this year: how's Dubai's Shopping Festival faring in the absence of Russian shoppers? http://www.albawaba.com/business/staying-home-year-hows-dubais-shopping-festival-faring-absence-russian-shoppers-648908 <p>Russian shoppers caught in a currency crunch are staying away from the <a href="http://www.mydsf.ae" target="_blank">Dubai Shopping Festival (DSF)</a> this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.</p> <p>Every January, Dubai is decked out in lights, banners and roadside ornaments heralding the event. Luxury boutiques staffed with Russian and Cantonese speakers promise generous discounts, and raffles offer cars as prizes.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/staying-home-year-hows-dubais-shopping-festival-faring-absence-russian-shoppers-648908" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/dubai_shopping_festival.jpg" alt="Luxury boutiques staffed with Russian and Cantonese speakers promise generous discounts, and raffles offer cars as prizes." title="Luxury boutiques staffed with Russian and Cantonese speakers promise generous discounts, and raffles offer cars as prizes." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> © 2015 Al Bawaba (<a href="http://www.albawaba.com">www.albawaba.com</a>) </div> </div> </div> <p><a href="http://www.albawaba.com/business/staying-home-year-hows-dubais-shopping-festival-faring-absence-russian-shoppers-648908" target="_blank">read more</a></p> http://www.albawaba.com/business/staying-home-year-hows-dubais-shopping-festival-faring-absence-russian-shoppers-648908#comments BUSINESS Featured Articles Retail & Services UAE Mon, 26 Jan 2015 10:31:32 +0000 648908 at http://www.albawaba.com 'Selective softening': How Dubai's stabilizing property prices are in no way inclusive http://www.albawaba.com/business/selective-softening-how-dubais-stabilizing-property-prices-are-no-way-inclusive-648896 <p>No one has a problem in agreeing that Dubai’s property sales and value gains have taken <a href="http://www.albawaba.com/business/dubai-hotel-occupancy-596211" target="_blank">a bit of a softening in the last six months.</a> But when it comes to the pricklier issue of whether residential rentals too had gone through a sizeable dip in the same period, the consensus seems to break down.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/selective-softening-how-dubais-stabilizing-property-prices-are-no-way-inclusive-648896" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/urination_dubai_cars.jpg" alt="That is why “there is [still] a lot of demand for the more established areas — Downtown and Dubai Marina — because the amenities tend to be better,” said Mahoney." title="That is why “there is [still] a lot of demand for the more established areas — Downtown and Dubai Marina — because the amenities tend to be better,” said Mahoney." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.gulfnews.com" title="Gulf News" target="_blank"><img src="http://pub.syndigate.info/logos/small/57.png" title="Gulf News" border="0" /></a> © Al Nisr Publishing LLC 2014. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/selective-softening-how-dubais-stabilizing-property-prices-are-no-way-inclusive-648896" target="_blank">read more</a></p> http://www.albawaba.com/business/selective-softening-how-dubais-stabilizing-property-prices-are-no-way-inclusive-648896#comments BUSINESS Construction & Real Estate Featured Articles UAE Mon, 26 Jan 2015 10:18:03 +0000 648896 at http://www.albawaba.com Time to reminisce? ME investment bankers toast to their best year of fees since 2008 http://www.albawaba.com/business/time-reminisce-me-investment-bankers-toast-their-best-year-fees-2008-648876 <p>No wonder Middle Eastern bankers and brokers are looking happier these days. Business has been booming recently, albeit with the recent oil price crash the best times are probably now over.</p> <p><a href="http://www.dailynewsegypt.com/2014/07/14/mergers-acquisitions-middle-east-250-q2-2014/" target="_blank">Mergers and acquisitions with Middle Eastern involvement reached $23 billion</a> during the fourth quarter of 2014, more than double the value registered during the previous three months.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/time-reminisce-me-investment-bankers-toast-their-best-year-fees-2008-648876" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/uae_dubai_56.jpg" alt="Middle Eastern equity and equity-related issuance totalled $11 billion in 2014, a 173 per cent increase from 2013." title="Middle Eastern equity and equity-related issuance totalled $11 billion in 2014, a 173 per cent increase from 2013." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.arabianmoney.net" title="ArabianMoney.net" target="_blank"><img src="http://pub.syndigate.info/logos/small/759.png" title="ArabianMoney.net" border="0" /></a> Copyright 2014 Peter John Cooper All rights reserved </div> </div> </div> <p><a href="http://www.albawaba.com/business/time-reminisce-me-investment-bankers-toast-their-best-year-fees-2008-648876" target="_blank">read more</a></p> http://www.albawaba.com/business/time-reminisce-me-investment-bankers-toast-their-best-year-fees-2008-648876#comments BUSINESS Banking & Finance Main headlines Middle East Mon, 26 Jan 2015 10:03:51 +0000 648876 at http://www.albawaba.com Gold rises to five year high on safe-haven demand http://www.albawaba.com/business/gold-rises-five-year-high-safe-haven-demand-648856 <p>Gold climbed towards a five-month high on Monday as <a href="http://www.bbc.co.uk/news/world-europe-30975437" target="_blank">an electoral win by Greece's anti-austerity party </a>sparked fears of renewed instability in Europe, triggering safe-haven demand for bullion.Greek leftist leader Alexis Tsipras, whose Syriza party swept to victory in a snap election on Sunday, was set to become prime minister of the first euro zone government openly opposed to bailout conditions imposed by the European Union and International Monetary Fund during the economic crisis.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/gold-rises-five-year-high-safe-haven-demand-648856" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/golddibai.jpg" alt="The euro hit an 11-year low on Monday after the election results, and US stock futures also fell." title="The euro hit an 11-year low on Monday after the election results, and US stock futures also fell." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> © 2015 Al Bawaba (<a href="http://www.albawaba.com">www.albawaba.com</a>) </div> </div> </div> <p><a href="http://www.albawaba.com/business/gold-rises-five-year-high-safe-haven-demand-648856" target="_blank">read more</a></p> http://www.albawaba.com/business/gold-rises-five-year-high-safe-haven-demand-648856#comments BUSINESS Economy & Trade Main headlines International Middle East Mon, 26 Jan 2015 09:44:42 +0000 648856 at http://www.albawaba.com Pride or lunacy? Iranian govt says it can run the country on below $40 oil http://www.albawaba.com/business/pride-or-lunacy-iranian-govt-says-it-can-run-country-below-40-oil-648690 <p>Iran’s Government Spokesman Mohammad Baqer Nobakht says the administration can run the country with oil revenues <a href="http://www.albawaba.com/business/coming-terms-reality-iran-lowers-oil-price-yearly-budget-40-645160" target="_blank">below $40 billion in the next Iranian calendar year (March 2015-March 2016).</a>&nbsp;He said this goal can be achieved within the framework of the resistance economy, the Mehr News Agency reported on Saturday.&nbsp;Although Iran was run with the oil revenues of $55-60 billion in the recent years, global drop i</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/pride-or-lunacy-iranian-govt-says-it-can-run-country-below-40-oil-648690" class="imagecache imagecache-article_headline_thumb imagecache-linked imagecache-article_headline_thumb_linked"><img src="http://albawabacdn.albawabamiddleea.netdna-cdn.com/sites/default/files/imagecache/article_headline_thumb/im/Rouhani_iran.jpg" alt=" He said the government is revising its draft budget to assume a base price of $40, from $72 a barrel." title=" He said the government is revising its draft budget to assume a base price of $40, from $72 a barrel." class="imagecache imagecache-article_headline_thumb" width="147" height="147" /></a> </div> </div> </div> <div class="field field-type-computed field-field-attribution"> <div class="field-items"> <div class="field-item odd"> <a href="http://www.tehrantimes.com" title="Tehran Times" target="_blank"><img src="http://pub.syndigate.info/logos/small/1312.png" title="Tehran Times" border="0" /></a> © 2014 TehranTimes. All Rights Reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/pride-or-lunacy-iranian-govt-says-it-can-run-country-below-40-oil-648690" target="_blank">read more</a></p> http://www.albawaba.com/business/pride-or-lunacy-iranian-govt-says-it-can-run-country-below-40-oil-648690#comments BUSINESS Main headlines Oil & Energy Iran Mon, 26 Jan 2015 04:55:56 +0000 648690 at http://www.albawaba.com