Featured Articles

March 19, 2017

It is only the second time the iconic New York store has opened its doors outside of the US; the first was in Dubai Mall nearly eight years ago. (Photo courtesy of Gulf News)
13:00 GMT
Al Tayer believes that despite dwindling popularity in the US, the trend for large department stores is all the rage in the Gulf.
Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. (File photo)
06:00 GMT
After trailing for five years, Islamic banks have become more profitable than their conventional counterparts in 2016 according to a report by Moody’s Investors Service.
2Do is a web and mobile app designed to keep track of your commitments with action items.  (Shutterstock)
05:58 GMT
Get more out of your workday with the help of your smartphone.

March 13, 2017

The assisted sectors include  business and SMEs development; innovation and technological transfer; fight against poverty and social inclusion and environmental sustainability. (AFP/File)
11:00 GMT
With a budget of €234.5 million (including EU funding and co-financing), the ENI CBC Med Programme aims to fund Euro-Mediterranean cooperation projects in four main sectors.

March 12, 2017

A report by global consultancy AT Kearney in late August 2016 said the e-commerce market in the GCC is expected to grow to $20 billion by 2020. (Shutterstock)
08:00 GMT
The CEO for Wing, a new mobile and web-based delivery platform, eyes GCC expansion to meet an untapped demand for next-day and same-day service in the region.

December 21, 2016

12 people died and 48 people were injured when a truck rammed into a Berlin Christmas market in a suspected terror attack. (AFP/File)
10:00 GMT
Public attacks across Europe have put a toll on travel and tourism, with the assaults in Paris alone costing the French economy about $1 billion in tourism revenue during the first half of 2016.

December 7, 2016

Saudi Arabia features amongst the leading markets for air conditioners across the globe.(Shutterstock)
11:30 GMT
Demand for Saudi's HVACR (heating, ventilation, air-conditioning and refrigeration) goods and services is expected to grow, fuelled by the rise in the Kingdom's construction projects.

December 6, 2016

What suppliers thought were mid- and long-term strategies have now become quite questionable in light of political changes in the US and EU. (AFP/File)
11:00 GMT
A growing population in the GCC, coupled with stable industries and a stable currency will help attract more suppliers who may be looking to diversify their presence away from the US and Europe.
The study reveals that the workers in Luxembourg have the highest purchasing power, almost three times greater than those in Dubai. (Shutterstock)
10:00 GMT
UBS has released its 'Prices and Earnings' study showing how much purchasing power workers have in cities around the world.

December 5, 2016

Any production increase from Libya and Nigeria will naturally dilute the impact of the agreed production cuts. (Shutterstock)
12:00 GMT
Looking beyond the euphoria, there will be question marks on how OPEC's first production cut deal since 2008 will be implemented.

December 4, 2016

Eventually, up to 2 billion cubic metres of seawater will be transferred from the Red Sea to the Dead Sea annually under the Red-Dead project. (Shutterstock)
10:00 GMT
The US, UK, and EU countries have pledged donations towards the first phase of the Red Sea-Dead Sea project, which is slated to begin in early 2018.

December 1, 2016

Algerian Prime Minister Abdelmalek Sellal: Tunisian Assembly President Mohamed Ennaceur; the Emir of Qatar, Tamim bin Hamad al-Thani; Tunisian President Beji Caid Essebsi, French Prime Minister Manuel Valls and Tunisian Prime Minister Youssef Chahed at Tunisia 2020.  (AFP/Fethi Belaid)
10:00 GMT
Tunisia's International Investments Conference 2020 assembled global leaders under the theme of 'Road to Inclusion, Sustainability and Efficiency.'
The Coca-Cola beverages produced in the new bottling plant will be distributed in Gazan communities through 18 branded trucks which will move from city-to-city and from village-to-village. (Flickr)
07:00 GMT
Following a planned future expansion within the next three years, the Gaza plant will eventually employ 270 people, bringing the total number of direct Palestinian jobs across the West Bank and Gaza to more than 750.

November 29, 2016

The GCC region is one of the biggest employers of expatriates in the world, and consequently, a large source of remittances, which hit more than $80 billion in 2015. (File photo)
12:00 GMT
The International Monetary Fund has warned that a tax on expat income and remittances could lower the region’s attractiveness as an expatriate destination and breach double tax agreements.

November 28, 2016

As the government seeks to diversify its revenues away from hydrocarbon revenues, investment revenue is expected to play a major role in Qatar's economy. (File photo)
05:37 GMT
Reports from BMI Research and Fitch expect Qatar’s current account will return to surplus in 2017, despite being heavily dependent on oil exports.