Saudi Aramco, GE and TCS inaugurate Saudi Arabia’s first all-female business process services center   Center will create 3,000 local jobs for Saudi women with the first batch of recruits commencing work 3,200 square meter center in Riyadh provides new business...
Who is trying to weigh the yellow metal down? Do you know the answer? Do we have a new hero in the making, say the Yellowman? Just like Batman, works in the dark, at the most unassuming hours and does...
The fall of the Soviet Union in 1991 has demoted communism and socialism to the least importance upon which capitalistic notions flourished all around the world. Since then, the dominant economic trends revolve around the economic theory of deregulation...

As far as years go, UK Prime Minister Theresa May must be glad to see the end of 2017 as are many others in Britain and around the world. In matters Brexit, it was a year of low-level chaos...
Ramadan Consumer Behaviour Study 2016 -53% of consumers in the UAE, Saudi Arabia and Egypt will spend more money during the Holy month -Price offs and discounts to attract 78% of consumers in the UAE, Egypt and Saudi Arabia to spend...
Despite spending $11 billion on the World Cup, Brazil has not be been able increase the nation’s visibility and consolidate an image of “happiness and receptivity” to boost its tourist potential. Moreover, its image has taken beating due to...
UAE’s non-oil sector expanded sharply in Q4 2017 with the introduction of Value Added Tax (VAT)  December data signalled a strong end to the year for the UAE’s non-oil private sector, with business conditions improving at the sharpest pace in 34...
S&P reaffirms Kuwait's AA rating and has given the country a 'stable' lookout thanks to its existing resources of crude oil. Amidst the growing turmoil that some countries are facing with regard to their credit rating in the international market,...
With region's one of the biggest economy, Saudi Arabia, all set to open up its Stock Market to foreigners, Frost & Sullivan's Vinod Cartic provides his expert insights on the implications. The Kingdom of Saudi Arabia (KSA) will open its...
News Summary:  His Highness Sheikh Ahmed bin Saqr Al Qasimi appointed Chairman  Rest of Board comprises leading government and business individuals from the region as well as international legal, compliance and regulatory experts  Joe Moynihan, former Director of Financial...
The Kuwait Fund for Arab Economic Development (KFAED) announced on Thursday aid worth $6 million for the Yemeni government through its Decent Life Resources Department, an organization devoted to helping Islamic countries in need. In a press release, KFAED said...

Saudi government sources reveal that the Ministry of Labor has formed a team of recruitment companies to propose ways to formalise the domestic worker recruitment market. The team has been tasked to devise a mechanism for negotiations for domestic workers...

The Dubai Canal project will transform the city through Real Estate and Tourism Innovation The Dubai Canal Project, a 14-million square feet mega development extending the Dubai creek water way into the Arabian Gulf offers a fresh perspective to waterfront...
Gold – the yellow metal that’s as priceless as the word can imply. Everyone wants to own gold, wants to buy it as an investment for the future. But not many do manage to invest in gold thanks to...
UAE is a thriving hub for business and industry according to LinkedIn’s UAE Economic Graph LinkedIn, the world’s largest professional network, has unveiled new research providing insight into the UAE economy. The research shows that the UAE is becoming a...
The latest report on the Saudi Arabia office sector by global real estate consultancy firm CBRE. As a significant volume of new prime office space starts to enter the Riyadh market, particularly at King Abdullah Financial District (KAFD), and the...
Dubai-based real estate development company, Meraas Holding, today launched ‘La Mer’, a mixed-use development that will take shape in Dubai's exclusive beachfront district Jumeirah in the vicinity of Pearl Jumeirah Island. Construction of “La Mer” is set to commence...

According to a new survey by a local web portal, it was found that one in every four of the UAE residents have debts of more than AED 250,000 ($68,119). It was also found that more than 20 percent...
UAE flowers and plants business estimated at over Dhs140m while the GCC region is estimated to be worth around Dhs970m. UAE geographic location and revival of real estate helping it become a major hub for flowers and plants trade. The UAE...
Retailers in Ras Al Khaimah (RAK) are hoping for a period of sustained growth, thanks to an increase in the number of tourists, more foreign direct investment and a growing economy, a report published by a British publication said. The...

Fuel subsidies have been on the radar for quite some time now, finally the decision is here The International Monetary Fund must be heaving a big sigh of relief. After multiple reiterations, at least one country in the Middle East...
Construction work on the replica of Titanic, an iconic ocean liner which sank on its maiden voyage 15 April 1912, is expected to start by the end of the year. Blue Star Line, which has undertaken the project, reveals talks are...
Dubai rises to Top 20 of the world’s most expensive cities for expatriates to live in Dubai and Abu Dhabi ranked as the second and third most expensive Middle Eastern cities for expatriate cost of living Despite worldwide changes, multinationals focus...

Iran at the crux of opening up for business again, huge potential for Auto One of the best things that the recent nuclear deal is spelling out for Iran is the phasing out of economic sanctions. Once the sanctions are...
Global Halal Market Forecast to be Worth US $10 Trillion by 2030 Pioneering Trade Platform Debuts as World’s Biggest Annual Halal Food Sourcing Event  Dubai’s position as a primary global trading hub for the international halal food industry – a strategic...
Oman’s Ministry of Tourism said in a statement on Tuesday its resort and hotel industry continues to expand with over 2,000 additional rooms scheduled for opening in 2012/2013. The sultanate hopes to add 726 rooms, while opening niche resorts in...
Qatar to post strong growth in 2015 backed by expansion of the non-hydrocarbon economy and the Barzan gas project. GDP might taper in 2016 and 2017. Qatar's economy is expected to register a real growth of 7.3 percent in 2015,...
DHA has come up with an innovative plan to step up Dubai medical tourism sector. Dubai attracts millions of tourists from all over the world who come to see the fusion of modernity and traditionalism that prevails all over the...
With annual sales now exceeding AED 30 billion (US$8.2 billion), the market of luxury goods continued to witness impressive growth in Middle East. According to a new study, the luxury goods market recorded a growth of 10 to 15...
SAP Launches Talent Search for Innovative Startups Across MENA One of the world’s largest technology companies announced a talent search for entrepreneurs across the Middle East North Africa region to support groundbreaking ideas with a long-term impact for the region...
WGS 2019: Blockchain to create ‘a sea of opportunity’ for global trade – Bettina Warburg Technology promises ‘a golden age of supply chain innovation and borderless trade’, blockchain expert tells WGS Blockchain revolution will ultimately eliminate the need for...
Dubai is among the cities in the world which gradually recovered from the impacts of global financial crisis that began in mid 2008, a research conducted by the Oxford Business Group said. The findings also revealed that the Emirate's...
A study released by a global management consultancy firm said four Gulf countries feature among top global emerging markets for retail expansion. The Global Retail Development Index (GRDI) ranks 30 countries on market attractiveness, market saturation, country risk and time pressure...
Kuwait’s state news agency KUNA reported the country's parliament rejected a bill that covered the government’s $111bn four-year development plan that started during the 2010-2011 fiscal year. Opposition lawmakers blocked the bill on Wednesday, describing it as “unrealistic”. They also...
Dubai is the most expensive region for expatriates to rent properties with 30% increase in rental property rates What’s the next best thing to do if we aren’t able to afford our ‘dream home’ in an exquisite foreign location? Of...