Al Bawaba - Business http://www.albawaba.com/business/%2A en What market share? Saudi oil exports fall to lowest level in three years http://www.albawaba.com/business/what-market-share-saudi-oil-exports-fall-lowest-level-three-years-614337 <p>Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years, official data showed on Monday.&nbsp;<a href="http://www.albawaba.com/business/oil-prices-drop-demand-609795" target="_blank">Saudi crude exports have been sliding in the past few months as shale oil squeezes Saudi oil out of US markets and as demand in Asia, particularly in China, has been slower than expected.</a><a href="http://www.albawaba.com/business/oil-prices-drop-demand-609795" target="_blank">&nbsp;</a>The Kingdom exported 6.663 mill</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/what-market-share-saudi-oil-exports-fall-lowest-level-three-years-614337" 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/Crude-Oil.jpg" alt=" North America&#039;s shale boom has started to squeeze Saudi oil out of the US market," title=" North America&#039;s shale boom has started to squeeze Saudi oil out of the US market," 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/what-market-share-saudi-oil-exports-fall-lowest-level-three-years-614337" target="_blank">read more</a></p> http://www.albawaba.com/business/what-market-share-saudi-oil-exports-fall-lowest-level-three-years-614337#comments BUSINESS Main headlines Oil & Energy Saudi Arabia Mon, 20 Oct 2014 22:21:09 +0000 614337 at http://www.albawaba.com Trouble getting them, trouble keeping them? Middle East firms challenged in attracting, retaining talent http://www.albawaba.com/business/trouble-getting-them-trouble-keeping-them-middle-east-firms-challenged-attracting-retaining <p><a href="http://www.albawaba.com/business/study-employee-satisfaction-middle-east-below-world-average" target="_blank">Organisations in the Middle East are facing greater challenges than employers elsewhere in the world</a> with 70 per cent of the firms admitting difficulty in attracting and retaining critical skill and high potential employees, a report said.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/trouble-getting-them-trouble-keeping-them-middle-east-firms-challenged-attracting-retaining" 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/Employment_55.jpg" alt="Employers do not recognise the importance of job security as a key retention driver for employees. " title="Employers do not recognise the importance of job security as a key retention driver for employees. " 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/trouble-getting-them-trouble-keeping-them-middle-east-firms-challenged-attracting-retaining" target="_blank">read more</a></p> http://www.albawaba.com/business/trouble-getting-them-trouble-keeping-them-middle-east-firms-challenged-attracting-retaining#comments BUSINESS Economy & Trade Featured Articles Middle East Mon, 20 Oct 2014 22:08:32 +0000 614335 at http://www.albawaba.com Does capitalism provide a solution to terrorism? http://www.albawaba.com/business/does-capitalism-provide-solution-terrorism-614323 <p>As the US moves into a new theatre of the war on terror, it will miss its best chance to beat back Islamic State and other radical groups in the Middle East if it doesn’t deploy a crucial but little-used weapon: an aggressive agenda for economic empowerment. Right now, all we hear about are airstrikes and military manoeuvres—which is to be expected when facing down thugs bent on mayhem and destruction.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/does-capitalism-provide-solution-terrorism-614323" 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/green_funds_growth.jpg" alt="The best way to end terrorist violence is to make sure that the twisted calls of terrorist leaders fall on deaf ears." title="The best way to end terrorist violence is to make sure that the twisted calls of terrorist leaders fall on deaf ears." 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/does-capitalism-provide-solution-terrorism-614323" target="_blank">read more</a></p> http://www.albawaba.com/business/does-capitalism-provide-solution-terrorism-614323#comments BUSINESS Economy & Trade Featured Articles Middle East Mon, 20 Oct 2014 19:47:54 +0000 614323 at http://www.albawaba.com One's catastrophe, another's celebration: Middle East's oil importing states benefiting lower oil prices http://www.albawaba.com/business/ones-catastrophe-anothers-celebration-middle-easts-oil-importing-states-benefiting-lower-oi <p class="p1"><a href="http://www.albawaba.com/business/oil-drop-market-share-612167" target="_blank">The decline in oil prices </a>will provide significant boost to the oil importing countries in the Middle East, according to a Standard Chartered press statement received Sunday by The Jordan Times.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/ones-catastrophe-anothers-celebration-middle-easts-oil-importing-states-benefiting-lower-oi" 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/Crude_Oil.jpg" alt="For the MENA region, economic dynamics are increasingly diverging between the GCC countries and the rest of the region. " title="For the MENA region, economic dynamics are increasingly diverging between the GCC countries and the rest of the region. " 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/ones-catastrophe-anothers-celebration-middle-easts-oil-importing-states-benefiting-lower-oi" target="_blank">read more</a></p> http://www.albawaba.com/business/ones-catastrophe-anothers-celebration-middle-easts-oil-importing-states-benefiting-lower-oi#comments BUSINESS Oil & Energy Featured Articles Jordan Mon, 20 Oct 2014 03:55:51 +0000 613991 at http://www.albawaba.com Fifty years later, things get tense: Kuwait union slams Saudi 'unilateral' halt to joint output http://www.albawaba.com/business/fifty-years-later-things-get-tense-kuwait-union-slams-saudi-unilateral-halt-joint-output-61 <p>A Kuwaiti oil trade union on Sunday condemned the unilateral <a href="http://online.wsj.com/articles/saudi-arabia-kuwait-halt-production-at-joint-oil-field-1413725584" target="_blank">closure by Saudi Arabia of an offshore oilfield jointly operated by the Arab neighbours,</a> calling on the government to intervene.</p> <p>Fadghoush al-Ajmi, head of the workers union at Kuwait Gulf Oil Co. (KGOC), urged ministers to take action to ensure that production at the Khafji oilfield resumed.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/fifty-years-later-things-get-tense-kuwait-union-slams-saudi-unilateral-halt-joint-output-61" 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/327163-aus-bus-pix-iraq-oil1.jpg" alt="The two governments signed the neutral zone agreement almost 50 years ago." title="The two governments signed the neutral zone agreement almost 50 years ago." 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.yourmiddleeast.com" title="Your Middle East" target="_blank"><img src="http://pub.syndigate.info/logos/small/1359.png" title="Your Middle East" border="0" /></a> Copyright © Your Middle East AB. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/fifty-years-later-things-get-tense-kuwait-union-slams-saudi-unilateral-halt-joint-output-61" target="_blank">read more</a></p> http://www.albawaba.com/business/fifty-years-later-things-get-tense-kuwait-union-slams-saudi-unilateral-halt-joint-output-61#comments BUSINESS Main headlines Oil & Energy Kuwait Saudi Arabia Mon, 20 Oct 2014 03:55:15 +0000 613987 at http://www.albawaba.com Could the trend be reversing? Dubai rents fall for first time since 2012 http://www.albawaba.com/business/could-trend-be-reversing-dubai-rents-fall-first-time-2012-613983 <p><a href="http://www.albawaba.com/business/dubai-property-rent-crash-586079" target="_blank">Dubai’s real estate sector </a>registered a slowdown in rents and sales prices during the third quarter of the year, marking further stabilisation in the market, according to Asteco’s Q3 2014 report. Average apartment and villa rental rates dropped by two per cent and three per cent respectively compared to second quarter figures.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/could-trend-be-reversing-dubai-rents-fall-first-time-2012-613983" 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/2-The_Address_Hotel_Downtown_Dubai.jpg" alt="Average apartment and villa rental rates dropped by two per cent and three per cent respectively compared to second quarter figures." title="Average apartment and villa rental rates dropped by two per cent and three per cent respectively compared to second quarter figures." 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"> <img src="http://pub.syndigate.info/logos/small/325.png" title="Gulf Business" border="0" /> © Motivate Publishing. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/could-trend-be-reversing-dubai-rents-fall-first-time-2012-613983" target="_blank">read more</a></p> http://www.albawaba.com/business/could-trend-be-reversing-dubai-rents-fall-first-time-2012-613983#comments BUSINESS Construction & Real Estate Main headlines Turkey Mon, 20 Oct 2014 03:55:09 +0000 613983 at http://www.albawaba.com Historic luxury: $14000 Budapest-Tehran train ride launched http://www.albawaba.com/business/historic-luxury-14000-budapest-tehran-train-ride-launched-613989 <p><a href="http://www.middleeasteye.net/news/five-star-orient-express-link-hungary-and-iran-759845650" target="_blank">A luxury train connecting the capitals of Hungary and Iran left Budapest</a> for the first time on Wednesday, with 70 passengers set to cross the Balkans, the Bosphorus and Kurdistan on the way to Persia aboard a set of deluxe railcars.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/historic-luxury-14000-budapest-tehran-train-ride-launched-613989" 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/india-train22.jpg" alt="The two-week trip sets back each participant at least £9,000 ($14,333) and some as much as £25,000 including." title="The two-week trip sets back each participant at least £9,000 ($14,333) and some as much as £25,000 including." 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/historic-luxury-14000-budapest-tehran-train-ride-launched-613989" target="_blank">read more</a></p> http://www.albawaba.com/business/historic-luxury-14000-budapest-tehran-train-ride-launched-613989#comments BUSINESS Main headlines Tourism & Hospitality Iran Sun, 19 Oct 2014 23:51:27 +0000 613989 at http://www.albawaba.com Gulf Air goes back to Iran http://www.albawaba.com/business/gulf-air-goes-back-iran-613985 <ul> <li>Gulf Air, the national carrier of Bahrain, yesterday (October 18) <a href="http://gulfnews.com/news/gulf/bahrain/gulf-air-defers-resuming-iran-flights-1.1090364" target="_blank">announced the relaunch of flights to Shiraz,</a> the capital of Fars Province in Iran.The airline's 40th destination will be served with three weekly flights, starting from December 15, reported the&nbsp;<em>Gulf Daily News</em>, our sister publication. </li></ul><div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/gulf-air-goes-back-iran-613985" 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/Gulf_Air_logo.png" alt="Shiraz will become the airline&#039;s third Iranian destination supplementing existing operations to Tehran." title="Shiraz will become the airline&#039;s third Iranian destination supplementing existing operations to Tehran." 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/gulf-air-goes-back-iran-613985" target="_blank">read more</a></p> http://www.albawaba.com/business/gulf-air-goes-back-iran-613985#comments BUSINESS Main headlines Transport & Shipping Iran Sun, 19 Oct 2014 23:22:51 +0000 613985 at http://www.albawaba.com Palestinian construction billionaire, Said Khoury, passes away at 91 http://www.albawaba.com/business/palestinian-construction-billionaire-said-khoury-passes-away-91-613973 <p>Palestinian businessman Said Khoury,<a href="http://www.ccc.me/" target="_blank"> founder and chairman of Consolidated Contractors Company (CCC),</a> died aged 91 on Thursday in Athens.</p> <p>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.</p> <p>The company, which saw annual revenues of over $4.5&nbsp;billion in 2013, employs 130,000 people and conducts operations across the Middle East, Africa, Asia and North America.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/palestinian-construction-billionaire-said-khoury-passes-away-91-613973" 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/Said_Khoury.jpg" alt="The company, which saw annual revenues of over $4.5 billion in 2013, employs 130,000 people and conducts operations across the Middle East, Africa, Asia and North Americ" title="The company, which saw annual revenues of over $4.5 billion in 2013, employs 130,000 people and conducts operations across the Middle East, Africa, Asia and North Americ" 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"> <img src="http://pub.syndigate.info/logos/small/325.png" title="Gulf Business" border="0" /> © Motivate Publishing. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/palestinian-construction-billionaire-said-khoury-passes-away-91-613973" target="_blank">read more</a></p> http://www.albawaba.com/business/palestinian-construction-billionaire-said-khoury-passes-away-91-613973#comments BUSINESS Construction & Real Estate Main headlines Middle East Palestine Sun, 19 Oct 2014 22:08:03 +0000 613973 at http://www.albawaba.com India is about to pay Iran half a billion dollars, and that's the 'tip' of the oil deal http://www.albawaba.com/business/india-about-pay-iran-half-billion-dollars-and-thats-tip-oil-deal-613865 <p>Indian refiners will pay $500 million to<a class="entityAnchor">&nbsp;Iran</a>&nbsp;next week, the second installment in an interim deal that allows<a class="entityAnchor">&nbsp;Tehran</a>&nbsp;to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said in Friday. Iran and the United States, China, France, Germany, Britain and Russia agreed in July to extend a six-month interim accord until Nov. 24 after they failed to meet a July 20 deadline for reaching a long-term deal to end their nuclear dispute.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/india-about-pay-iran-half-billion-dollars-and-thats-tip-oil-deal-613865" 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/Iran_oil_Caspian.jpg" alt="On receipt of the funds from refiners, the RBI would buy dollars from authorized dealers." title="On receipt of the funds from refiners, the RBI would buy dollars from authorized dealers." 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.dailystar.com.lb/" title="The Daily Star" target="_blank"><img src="http://pub.syndigate.info/logos/small/23.png" title="The Daily Star" border="0" /></a> Copyright © 2014, The Daily Star. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/india-about-pay-iran-half-billion-dollars-and-thats-tip-oil-deal-613865" target="_blank">read more</a></p> http://www.albawaba.com/business/india-about-pay-iran-half-billion-dollars-and-thats-tip-oil-deal-613865#comments BUSINESS Main headlines Oil & Energy Iran Sun, 19 Oct 2014 12:01:37 +0000 613865 at http://www.albawaba.com A defining moment? Apple launches ipad Air 2, world's slimmest tablet http://www.albawaba.com/business/defining-moment-apple-launches-ipad-air-2-worlds-slimmest-tablet-613855 <p>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 expected to be swamped by mobile devices. At a launch event on Thursday, Chief Executive Tim Cook called Apple’s new line-up, which includes a new iMac computer with a “5K retina” or high-end display, the company’s best ever.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/defining-moment-apple-launches-ipad-air-2-worlds-slimmest-tablet-613855" 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/chilli-ipad.jpg" alt=" “To return iPad to high growth, form factor innovation will be required. We’ll have to wait until 2015 to see if Apple addresses this issue.”" title=" “To return iPad to high growth, form factor innovation will be required. We’ll have to wait until 2015 to see if Apple addresses this issue.”" 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"> <img src="http://pub.syndigate.info/logos/small/325.png" title="Gulf Business" border="0" /> © Motivate Publishing. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/defining-moment-apple-launches-ipad-air-2-worlds-slimmest-tablet-613855" target="_blank">read more</a></p> http://www.albawaba.com/business/defining-moment-apple-launches-ipad-air-2-worlds-slimmest-tablet-613855#comments BUSINESS IT & Telecom Main headlines International Sun, 19 Oct 2014 11:49:35 +0000 613855 at http://www.albawaba.com Reading the signs behind plummeting oil prices: Saudi-led price war or simple supply and demand? http://www.albawaba.com/business/signs-behind-plummeting-oil-prices-saudi-led-price-war-or-simple-supply-and-demand-613849 <p>The price of the West Texas Intermediate fell <a href="http://www.albawaba.com/business/oil-drop-market-share-612167" target="_blank">on Thursday to below $80 per barrel for the first time in years.</a> What seemed like a sustained collapse in international oil prices led to a flurry of analyses, some of which attributed the trend to a political decision – taken by Washington and executed by Saudi Arabia – to sabotage the economies of Russia and Iran by shrinking their oil revenues. But is there any substance to these allegations?</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/signs-behind-plummeting-oil-prices-saudi-led-price-war-or-simple-supply-and-demand-613849" 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/Oil_pipeline_blast.jpg" alt="Saudi Arabia will make sure it will sell its oil first, regardless of the state of the oil markets. " title="Saudi Arabia will make sure it will sell its oil first, regardless of the state of the oil markets. " 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/signs-behind-plummeting-oil-prices-saudi-led-price-war-or-simple-supply-and-demand-613849" target="_blank">read more</a></p> http://www.albawaba.com/business/signs-behind-plummeting-oil-prices-saudi-led-price-war-or-simple-supply-and-demand-613849#comments BUSINESS Oil & Energy Featured Articles Saudi Arabia Sun, 19 Oct 2014 11:31:15 +0000 613849 at http://www.albawaba.com ICT experts downplay the impact of Yahoo office closure in Amman, says more attention is needed http://www.albawaba.com/business/ict-experts-downplay-impact-yahoo-office-closure-amman-says-more-attention-needed-613829 <p class="p1">ICT experts downplayed the impact of Yahoo’s decision to close its office in Amman, but urged authorities to do more to make Jordan more attractive for international ICT companies.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/ict-experts-downplay-impact-yahoo-office-closure-amman-says-more-attention-needed-613829" 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/yahoo.jpg" alt="ICT experts downplayed the impact of Yahoo’s decision to close its office in Amman, but urged authorities to do more to make Jordan more attractive for international ICT companies." title="ICT experts downplayed the impact of Yahoo’s decision to close its office in Amman, but urged authorities to do more to make Jordan more attractive for international ICT companies." 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"> © 2014 Al Bawaba (<a href="http://www.albawaba.com">www.albawaba.com</a>) </div> </div> </div> <p><a href="http://www.albawaba.com/business/ict-experts-downplay-impact-yahoo-office-closure-amman-says-more-attention-needed-613829" target="_blank">read more</a></p> http://www.albawaba.com/business/ict-experts-downplay-impact-yahoo-office-closure-amman-says-more-attention-needed-613829#comments BUSINESS IT & Telecom Main headlines Jordan Sun, 19 Oct 2014 11:18:44 +0000 613829 at http://www.albawaba.com Allegations denied: US blacklists Lebanese firm for shipping banknotes to Syrian central bank http://www.albawaba.com/business/allegations-denied-us-blacklists-lebanese-firm-shipping-banknotes-syrian-central-bank-61382 <p>he<a class="entityAnchor">&nbsp;United States</a>&nbsp;blacklisted Lebanese company<a class="entityAnchor">&nbsp;DK Group</a>&nbsp;for arranging to ship Syrian pound banknotes from<a class="entityAnchor">&nbsp;Russia</a>&nbsp;to the Syrian central bank, an allegation strongly denied by the company’s general manager.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/allegations-denied-us-blacklists-lebanese-firm-shipping-banknotes-syrian-central-bank-61382" 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/lira-syria.jpg" alt="Four banks were also listed as being owned or controlled by the Syrian government and sanctioned." title="Four banks were also listed as being owned or controlled by the Syrian government and sanctioned." 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.dailystar.com.lb/" title="The Daily Star" target="_blank"><img src="http://pub.syndigate.info/logos/small/23.png" title="The Daily Star" border="0" /></a> Copyright © 2014, The Daily Star. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/allegations-denied-us-blacklists-lebanese-firm-shipping-banknotes-syrian-central-bank-61382" target="_blank">read more</a></p> http://www.albawaba.com/business/allegations-denied-us-blacklists-lebanese-firm-shipping-banknotes-syrian-central-bank-61382#comments BUSINESS Banking & Finance Main headlines Lebanon Russian Federation Syria United States Sun, 19 Oct 2014 11:08:37 +0000 613823 at http://www.albawaba.com 'The Guide to Sleeping in Airports': Jeddah airport second worst in the world http://www.albawaba.com/business/guide-sleeping-airports-jeddah-airport-second-worst-world-613821 <p>&nbsp;An international website specializing in airport services has ranked King Abdul Aziz International Airport in Jeddah <a href="http://www.theguardian.com/world/2014/oct/17/islamabad-manila-worst-airports-list" target="_blank">among the worst airports in the world</a> with regard to services.&nbsp; The <a href="http://www.sleepinginairports.net/" target="_blank">“Guide to Sleeping in Airports,” a website managed by a Canadian travel consultant, </a>classified the Jeddah airport as the second worst after the Islamabad airport in Pakistan.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/guide-sleeping-airports-jeddah-airport-second-worst-world-613821" 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/King_Khaled_International_Airport_in_Riyadh.jpg" alt="“The main terminal is fairly lackluster. It isn’t overly clean, crowds can be a problem, and the services for travelers are in short supply.&quot;" title="“The main terminal is fairly lackluster. It isn’t overly clean, crowds can be a problem, and the services for travelers are in short supply.&quot;" 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/guide-sleeping-airports-jeddah-airport-second-worst-world-613821" target="_blank">read more</a></p> http://www.albawaba.com/business/guide-sleeping-airports-jeddah-airport-second-worst-world-613821#comments BUSINESS Main headlines Transport & Shipping Saudi Arabia Sun, 19 Oct 2014 11:02:04 +0000 613821 at http://www.albawaba.com Nshallah! Egypt tourism sector displays signs of recovery http://www.albawaba.com/business/nshallah-egypt-tourism-sector-displays-signs-recovery-613813 <p>The government in Egypt is expecting a recovery of its tourism sector by next year after the latest data showed the tide may be turning for an industry hit hard by domestic instability over the past three years. With Egypt’s recent period of relative calm following <a href="http://www.albawaba.com/business/sisi-economic-reforms-policies-609843" target="_blank">the May election of President Abdel Fattah Al-Sisi,</a> countries are starting to lift travel advisories and the government is trying to lure back tourists through a number of initiatives.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/nshallah-egypt-tourism-sector-displays-signs-recovery-613813" 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_feb2014.jpg" alt="The high percentage increases are indicative of the depths to which occupancy and RevPAR had plunged. " title="The high percentage increases are indicative of the depths to which occupancy and RevPAR had plunged. " 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/nshallah-egypt-tourism-sector-displays-signs-recovery-613813" target="_blank">read more</a></p> http://www.albawaba.com/business/nshallah-egypt-tourism-sector-displays-signs-recovery-613813#comments BUSINESS Featured Articles Tourism & Hospitality Egypt Sun, 19 Oct 2014 10:46:09 +0000 613813 at http://www.albawaba.com Changing the landscape: why exactly are Arab investors buying property in London? http://www.albawaba.com/business/changing-landscape-why-exactly-are-arab-investors-buying-property-london-613609 <p>Standing on the 30th floor of the under construction South Bank Tower, the views across London’s cityscape emphasise the appeal of high-rise living.</p> <p>The building, originally named <a href="http://www.standard.co.uk/business/business-news/property-kings-reach-for-the-sky-as-11-floors-added-8716794.html" target="_blank">King’s Reach Tower, was once the headquarters of one of Europe’s biggest publishers IPC, but harder times followed.</a></p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/changing-landscape-why-exactly-are-arab-investors-buying-property-london-613609" 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/London.gif" alt="“There are a huge number of macro trends which have driven London, from the Arab Spring, through to exchange rates, through to Argentina defaulting and Ukrainian money coming in.”" title="“There are a huge number of macro trends which have driven London, from the Arab Spring, through to exchange rates, through to Argentina defaulting and Ukrainian money coming in.”" 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"> <img src="http://pub.syndigate.info/logos/small/325.png" title="Gulf Business" border="0" /> © Motivate Publishing. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/changing-landscape-why-exactly-are-arab-investors-buying-property-london-613609" target="_blank">read more</a></p> http://www.albawaba.com/business/changing-landscape-why-exactly-are-arab-investors-buying-property-london-613609#comments BUSINESS Construction & Real Estate Featured Articles UK Sun, 19 Oct 2014 03:55:28 +0000 613609 at http://www.albawaba.com There's no going back: Kuwait quietly triples diesel and kerosene prices http://www.albawaba.com/business/theres-not-going-back-kuwait-quietly-triples-deisel-and-kerosene-prices-613611 <p>Oil-rich Kuwait tripled the prices of diesel and kerosene on Wednesday, <a href="http://www.albawaba.com/business/kuwait-economy-oil-547323" target="_blank">ending decades of heavy subsidies</a>, while <a href="http://www.albawaba.com/business/kuwait-welfare-state-austerity-532846" target="_blank">putting off a similar decision on electricity and water charges.</a></p> <p>Planning Minister Hind al-Sabeeh said a joint meeting of the cabinet and higher planning council decided to hike the prices of diesel and kerosene to 170 fils (59 cents) a litre from 55 fils (19 cents).</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/theres-not-going-back-kuwait-quietly-triples-deisel-and-kerosene-prices-613611" 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/welfare.jpg" alt="Kuwait has boasted a budget surplus in each of the past 15 fiscal years, helping to increase its sovereign wealth fund to more than $500 billion, according to unofficial estimates." title="Kuwait has boasted a budget surplus in each of the past 15 fiscal years, helping to increase its sovereign wealth fund to more than $500 billion, according to unofficial estimates." 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.yourmiddleeast.com" title="Your Middle East" target="_blank"><img src="http://pub.syndigate.info/logos/small/1359.png" title="Your Middle East" border="0" /></a> Copyright © Your Middle East AB. All rights reserved. </div> </div> </div> <p><a href="http://www.albawaba.com/business/theres-not-going-back-kuwait-quietly-triples-deisel-and-kerosene-prices-613611" target="_blank">read more</a></p> http://www.albawaba.com/business/theres-not-going-back-kuwait-quietly-triples-deisel-and-kerosene-prices-613611#comments BUSINESS Main headlines Oil & Energy Kuwait Sun, 19 Oct 2014 03:55:23 +0000 613611 at http://www.albawaba.com Done and over with? Citigroup quits consumer banking in Egypt http://www.albawaba.com/business/done-and-over-citigroup-quits-consumer-banking-egypt-613607 <p>Citigroup announced that it intends to <a href="http://www.citigroup.com/citi/about/countrypresence/egypt.html" target="_blank">exit its consumer business in Egypt,</a> along with its businesses in other 10 countries. The American banking and financial services company stated that this comes as part of the company’s strategic actions to accelerate the transformation of Global Consumer Banking (GCB).</p> <p>It said that these steps will focus on the markets that have the “greatest scale and growth potential”.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/done-and-over-citigroup-quits-consumer-banking-egypt-613607" 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/citi1.jpg" alt="Citigroup announced that it intends to exit its consumer business in Egypt, along with its businesses in other 10 countries." title="Citigroup announced that it intends to exit its consumer business in Egypt, along with its businesses in other 10 countries." 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/done-and-over-citigroup-quits-consumer-banking-egypt-613607" target="_blank">read more</a></p> http://www.albawaba.com/business/done-and-over-citigroup-quits-consumer-banking-egypt-613607#comments BUSINESS Banking & Finance Main headlines Egypt Sun, 19 Oct 2014 03:55:22 +0000 613607 at http://www.albawaba.com The cost of delivery: how to financially prepare yourself for having a baby http://www.albawaba.com/business/cost-delivery-how-financially-prepare-yourself-having-baby-613605 <p><strong>Costs of being pregnant</strong></p> <p>If your health insurance does not cover your pregnancy, expect to fork out anywhere between Dh2,000 and Dh6,000 (550 to 1650 USD) for antenatal care. These costs include your consultations, special organ scans, clothes and possibly supplements.</p> <p>Keep in mind, total costs will depend on your selected antenatal package and whether you are going to a private or government hospital.</p> <div class="field field-type-imceimage field-field-headline-image"> <div class="field-items"> <div class="field-item odd"> <a href="/business/cost-delivery-how-financially-prepare-yourself-having-baby-613605" 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/baby-bring-1-9.jpg" alt="Becoming a parent is a joyous experience but being financially prepared is an absolute must. " title="Becoming a parent is a joyous experience but being financially prepared is an absolute must. " 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/cost-delivery-how-financially-prepare-yourself-having-baby-613605" target="_blank">read more</a></p> http://www.albawaba.com/business/cost-delivery-how-financially-prepare-yourself-having-baby-613605#comments BUSINESS Banking & Finance Featured Articles International Sun, 19 Oct 2014 03:55:14 +0000 613605 at http://www.albawaba.com