Most Popular

October 19, 2017

Happy Diwali from Dubai to the world! (YouTube/ Emirates)
15:36 GMT
Happy Diwali from Dubai to the world!
Omar Sultan Al Olama, 27 years old, is the UAE's first minister of state for AI. (Pictured here: Sheikh Mohammed bin Rashid Al Maktoum/ File)
14:48 GMT
Sheikh Mohammed bin Rashid Al Maktoum today announced a major reshuffle of the UAE's government.
Were you one of thousands of Dubai residents who received a text from Sheikh Hamdan today? (Photo by Kelly Clarke)
13:21 GMT
"I challenge you to join the Dubai Fitness Challenge" was Sheikh Hamdan's SMS today to thousands of Dubai residents inviting them to join the Dubai Fitness Challenge.
A splurge on marketing spending failed to deliver a bottom-line boost to Damac Properties for this quarter. (File photo)
13:00 GMT
A splurge on marketing spending failed to deliver a bottom-line boost to Damac Properties for this quarter.

October 18, 2017

The multi-billion dollar arms deal with Bahrain comes as US President Donald Trump has eased restrictions on arms sales to certain countries including Bahrain. (AFP/ File)
15:35 GMT
The Bahrain Defense Force said it signed a deal with Lockheed Martin to purchase 16 upgraded F-16 fighter jets.
The company had suspended all flights to Marsa Alam airport in Egypt since 2008. (Shutterstock)
15:22 GMT
The UK operator had suspended all flights to Marsa Alam airport in Egypt since 2008.
Oman has decided to cancel bids for the country’s third mobile licence and award it to a local consortium. (Photo courtesy of Oman Oil)
14:57 GMT
Oman has decided to cancel bids for the country’s third mobile licence and award it to a local consortium instead.

October 17, 2017

The UAE plans to boost its reliance on AI in routine government jobs. (AFP/ File)
13:23 GMT
The UAE has unveiled a new AI strategy to boost government services in the Emirates.
Nearly half of residents in the UAE are in debt, while a significant number are failing to save money, according a report by Payfort. (File photo)
12:55 GMT
Nearly half of residents in the UAE are in debt, while a significant number are failing to save money, according a report by Payfort.
PetroChina and Sinopec, two major Chinese energy companies, said they are willing to take the whole 5 percent in Saudi Aramco, or even more. (AFP/ File)
12:20 GMT
Two major Chinese energy companies have reportedly moved to buy stakes in Saudi Aramco ahead of its IPO.

October 16, 2017

The entertainment industry in Medinah has just lost SR200 million ($53.3 million) after a group of investors decided not to invest in the sector. (File photo)
18:00 GMT
The entertainment industry in Medinah has just lost SR200 million ($53.3 million) after a group of investors decided not to invest in the sector.
Dubai Marina and Jumeirah Village Circle are among the most searched areas by property buyers, according to a report by Dubizzle. (File photo)
14:41 GMT
Dubai Marina and Jumeirah Village Circle are among the most searched areas by property buyers, according to a report by Dubizzle.
Saudi Arabia's commercial courts started operating last month in Riyadh, Jeddah and Dammam. (Shutterstock)
13:26 GMT
The commercial courts were launched to encourage and motivate investment in Saudi Arabia.
The currency flotation has made property prices more affordable for Saudis and Egyptians living abroad. (File photo)
12:49 GMT
More and more Saudis are buying property in Egypt, with prices starting from $80,000.
Qatar's Emir Sheikh Tamim bin Hamad Al Thani inspects an honor guard during a welcome ceremony in Kuala Lumpur, Malaysia, on October 16, 2017. (Vincent Thian/ AP)
12:00 GMT
Qatar's emir begins Asia tour with a two-day visit to Malaysia.
Oil prices settled at a two-week high on Friday, as geopolitical uncertainty in the Middle East raised the threat of supply disruptions. (AFP/ File)
10:28 GMT
Crude oil prices soared on Monday as tensions between Baghdad and Kurdistan went up a notch.

October 15, 2017

Royal Jordanian had approved a new turnaround plan last week. (Don Emmert/ AFP)
14:36 GMT
Royal Jordanian vows to make an operating profit this year as it implements a new turnaround plan.
Kuwait cracks down on non-degree holders and vows to punish violating companies. (AFP/ File)
14:04 GMT
Non-degree holders and violating companies will be fined and punished.
The 286 Jazan islands are one of the biggest island groups in the southern part of Red Sea. (AFP)
13:50 GMT
Saudi Arabia has announced that 286 islands off the Jazan coast will be on the market for tourism investment.
Government-owned master developer Dubai Holding is believed to be reassessing the project. (File photo)
13:35 GMT
Government-owned master developer Dubai Holding has put $20.2 billion mega project Jumeirah Central on hold, according to reports.

October 12, 2017

Around 5,000 finance and accounting jobs would be generated with the introduction of the Value Added Tax (VAT) in January 1, 2018. (File photo)
14:59 GMT
Around 5,000 finance and accounting jobs will be generated with the introduction of the Value Added Tax (VAT) in the Gulf region, according to experts.
High-testosterone traders are more likely to deploy a more aggressive stock trading strategy, i.e. buy high to sell higher. (Pixabay)
14:46 GMT
A new study supports the theory that testosterone influences the decision making of stock market traders, and could be a cause of market instability.
A total of $16.3 billion in remittances was sent to Egypt between November 2016, when Egypt floated its currency, and August this year. (File photo)
14:27 GMT
Remittances from Egyptian expats were reportedly 40 percent higher in August compared to the same month last year.
WhatsApp Business is a whole new app by WhatsApp that will enable customers and companies to communicate more effectively. (File photo)
14:17 GMT
WhatsApp Business is a whole new app and the biggest change WhatsApp has witnessed since it was purchased by Facebook.
According to Turkey's Deputy Prime Minister Mehmet Simsek, the US-Turkey visa row is only a temporary dispute that will be resolved soon. (AFP)
14:03 GMT
A visa suspension between Turkey and Washington will likely be resolved soon, according to Turkey's Deputy Prime Minister Mehmet Simsek.
The cost of bribery in Kuwait is $2 billion a year, or two percent of the country's total GDP. (File photo)
13:46 GMT
The cost of bribery in Kuwait is $2 billion a year, or two percent of the country's total GDP.
The bank said it is committed to supporting only those companies with a greener agenda. (Eric Piermont/ AFP)
13:38 GMT
The bank said it is committed to supporting only those companies with a greener agenda.
Exemptions for Saudi firms investing in Abu Dhabi will be related to land, lease and rents. (File photo)
12:31 GMT
Officials announced during the UAE-Saudi Business Forum in Abu Dhabi that Saudi firms investing in Abu Dhabi will be offered special exemptions on lease, rents and land.

October 11, 2017

Saudi Aramco celebrated this week the opening of a new office in India. Here's why it's good news for oil markets. (File photo)
20:00 GMT
After a sluggish start to the week, oil prices are moving again.
Russia has been backing Bashar al-Assad in the long-running civil war in Syria. (AFP/ File)
19:00 GMT
Russia wants its companies to help build an economic recovery in the war-torn country.
Russia said on Tuesday it would block access to websites of exchanges that offer cryptocurrency such as Bitcoin. (File photo)
18:00 GMT
Russia said on Tuesday it would block access to websites of exchanges that offer cryptocurrency such as Bitcoin.
Violators in Dubai ought to be shaking in their boots, as police have introduced a new flying motorbike. (Courtesy of Hoversurf)
13:05 GMT
Criminals in Dubai ought to be shaking in their boots, as police in the Emirate have introduced a flying motorbike.
From 2000 to 2015, India's imports from OPEC nations increased from $2 billion to nearly $140 billion. (AFP/ File)
11:52 GMT
OPEC sees world oil demand growth increasingly shifting to India.
Morocco's FDI reached $1.92 billion in January-August 2017, against $1.47 billion a year earlier. (File photo)
11:21 GMT
Morocco's FDI reached $1.92 billion in January-August 2017, against $1.47 billion a year earlier.
Uber's new centre will provide more than 700 direct jobs to Egyptians. (AFP/ File)
11:09 GMT
Uber announced on Tuesday that it plans to invest over $20 million in Egypt during the next five years.
There is genuine concern by GCC governments to develop renewable energy. Here's what each country is doing to reduce its dependence on oil. (File photo)
10:37 GMT
There is genuine concern by GCC governments to develop renewable energy. Here's what each country is doing to reduce its dependence on oil.
Through this deal, Rosneft has become a partner in the development of the largest gas field in the Mediterranean Sea. (AFP/ File)
10:22 GMT
Rosneft bought 30 percent of Egypt’s Zohr gas field in the Mediterranean Sea from the Italian company Eni at $1.1 billion.
Saudi Aramco this week launched a subsidiary in India. But what is Saudi Aramco exactly looking for in India? (AFP/ File)
09:54 GMT
Saudi Aramco this week launched a subsidiary in India. But what is Saudi Aramco exactly looking for in India?

October 10, 2017

On Sunday, the U.S. Embassy in Turkey suspended its non-immigrant visa service. Turkey retaliated by suspending non-immigrant visa services at all Turkish diplomatic facilities in the U.S. (AFP/ File)
12:04 GMT
Turkish businessmen are worried disagreements between the two countries will harm economic relations.
A button in your car will be used to call the police in case of accidents. (File photo/ Courtesy of Nissan)
11:58 GMT
The UAE will soon have cars that will be equipped with a smart button that motorists can use to report emergencies.
Saudi Arabia’s international brand value has soared by 19 percent, ranking the Kingdom second in the region after the UAE, according to a report released Monday. (File photo)
11:39 GMT
Saudi Arabia’s international brand value has soared by 19 percent, ranking the Kingdom second in the region after the UAE, according to a report released Monday.
Gold priced bounced back from one-month lows as renewed concerns over tensions with North Korea and an escalating diplomatic crisis between the U.S. and Turkey underpinned safe haven demand for the precious metal. (File photo)
11:29 GMT
Gold prices rose on Tuesday boosted by the softer dollar and safe haven buying as geopolitical tensions kept investors on edge.
The new fund is expected to create 2,600 jobs by the end of 2020; 58,000 jobs by 2027. Pictured here: Saudi Crown Prince Mohammed bin Salman. (AFP/ File)
10:20 GMT
The new fund is expected to create 2,600 jobs by the end of 2020; 58,000 jobs by 2027.

October 9, 2017

According to statistics, Apple’s market share stands at 20.9 percent across the GCC region, compared to 79.1 percent for Android. (File photo)
15:16 GMT
According to statistics, Apple’s market share stands at 20.9 percent across the GCC region, compared to 79.1 percent for Android.
For those who can't seem to make up their minds between Dubai Marina, Mirdiff and Meadows, here's AI to the rescue. (File photo)
14:56 GMT
For those who can't seem to make up their minds between Marina, Mirdiff and Meadows, here's artificial intelligence to the rescue.
Start the cover letter with your latest and greatest achievement. (File photo)
14:54 GMT
Here are five ways to start a cover letter that will guarantee yours stand out among the rest.
The registration portal is available 24/7 to facilitate the registration procedures for all businesses from sectors that are subject to VAT. (File photo)
14:33 GMT
Online registration for VAT is now open for businesses in the UAE.
Iran will be subject to tariffs of 57.5 euros per tonne from Saturday, the EU said. (AFP/ File)
14:19 GMT
Iran will be subject to tariffs of 57.5 euros per tonne from Saturday, the EU said.
Nadec is proposing to buy all shares of Danone and in exchange offer new Nadec shares to Danone's current shareholders. (File photo)
13:23 GMT
Nadec and Al Safi Danone have entered into a non-binding agreement to explore a possible merger.
The total assets of the 48 banks operating in the country reached Dh2.66 trillion ($723 billion) for 2016. (File photo)
12:55 GMT
The total assets of the 48 banks operating in the country reached Dh2.66 trillion ($723 billion) for 2016.

October 8, 2017

When offered a new job or an opportunity to contest your existing salary, make it a point to bargain. (Pixabay)
20:16 GMT
Everyone looks for a higher income. However, most people ignore some of the basic factors that influence salary growth, and thus lose out on potential increased salary levels.
Most billionaires in the UAE are getting richer by the day. Also, they're all men. (File photo)
20:00 GMT
Most billionaires are getting richer by the day. Meet the 5 richest in the UAE.
Here are brief descriptions of the most common savings options. (Pexels)
19:32 GMT
Saving money may not be easy, but once you’re determined to put money aside, the question: what savings vehicle should you pick.
With $8 per night, you get access to Wifi, a gym, laundry, common area, balcony and rooftop pool. (Pixabay)
12:43 GMT
If you think Dubai is only for the extremely rich tourists, and has no room for budget travelers, nothing could be far from the truth.
Saudi Arabia has plans for a new digital currency for banks. (Pexels)
11:59 GMT
The Saudi Arabian Monetary Authority (SAMA) is planning to implement a pilot project to issue a virtual/digital currency that will only be traded among banks.
According to the decisions, rents paid by companies will be cut by 50 percent in some areas. (Pixabay)
10:58 GMT
Qatar has issued a set of decisions and directives aiming to promote the private sector's contribution to the economy of the country.
According to a report by Oxford Economics, salaries in the UAE are likely to face pressures on higher living costs, including the introduction of VAT. (File photo)
09:59 GMT
According to a report by Oxford Economics, salaries in the UAE are likely to face pressures on higher living costs, including the introduction of VAT.
The two countries signed 15 agreements, including one for Saudi Arabia to buy Russia’s S-400 missile defense system. (AFP)
09:41 GMT
The two countries signed 15 agreements, including one for Saudi Arabia to buy Russia’s S-400 missile defense system.