Aon Hewit, the global human resources consulting firm has named the ?best employers? in the Middle East at an awards ceremony. The best employers for this year are Microsoft gulf, Microsoft Egypt, DHL, Worldwide Express (Dubai), Oman Insurance Company,...
An increase in oil prices, along with higher private capital inflow and lower outbound funds transfers by the public sector; has turned the balance of payment deficit into a surplus in 2010, figures show. This surge has widened UAE?s current...
UAE?s first Yahsat satellite, slated to provide high definition television (HDTV) to audiences across the Middle East, Africa, and South West Asia, has successfully reached its orbital slot at 52.5 degrees East, two weeks after launch. This satellite is said...
Emirates airlines recorded a profit, 52 percent high, and has surpassed Lufthansa to become the leader among international airlines. The airline posts its 23rd consecutive year of profit with a performance of US$1.5bn (Dh5.5bn) till March 31. The carrier...
A new federal law has been drafted, based on the federal government?s role in supporting and developing the public debt market, Obaid Humaid Al Tayer, UAE Minister of State for Financial Affairs, commented at a public debt management conference...
Microsoft has placed its biggest bet- $8.5 billion for the internet voice and video communications company, Skype- on a deal the software giant hopes will help it compete in a world shifting away from desktop computer. Buying Skype gives Microsoft...
The telecom industry is moving through hard times with revenue projected as low as 2% compared with other industry sectors. High infrastructure costs, tight regulations, and decline in revenue have failed to woo the investors. According to Simon Holden...
The Saudi Arabian Airlines, the kingdom?s national carrier has denied recent reports of recruiting three Bangladeshi pilots. If the reports are to be believed, the airlines have recruited pilots from Bangladesh and they were given English training in Dubai. The...
Dubai?s strengthening logistics (sector) is one among the key players in boosting trade in the region. DP world is currently operating container terminals across every continent and is developing projects in Brazil, China, India and Turkey. Dr. Ashraf Ali Mahate,...
UAE based telecommunications provider- Du, is said to have enough funds to repay its Dh3 billion of the debt due in June (this year). Du has tagged about Dh1.7 billion for capital expenditure ; and the company?s expanding subscriber base...
International law firm Vinson & Elkins LLP has expanded into the Middle East and opened an office in Riyadh, in association with the Law Office of Looaye M. Al-Akkas. Vinson & Elkins LLP is an international law firm with...
The Ruwais refinery, a $10 billion project of the Abu Dhabi Oil Refining Company (Takreer) is on the expansion track as scheduled. This project on completion will increase Takreer?s refining capacity by 417,000 barrels per day and nearly double its...
The Dubai Financial Market Company (DFM), the Arab world?s only listed bourse, has earned a (quarterly) profit of 2.18 million UAE dirham ($ 593,500), an increase of 98 per cent. The company said that it earned revenues of Dh 48.7...
Two UAE based carriers, Etihad and Emirates have announced cuts in air fare, in a bid to ensure summer traffic is not affected. The fall in oil prices is cited as the reason for this initiative. Emirates, the Dubai-based...
There is?finally good news for job seekers in the UAE. According to a leading HR group in the country, now maybe is the good time to scout for a new job. Lama Atayam Chief Marketing Officer at Bayt.com said, ?We...
After a brief period, the Dubai economy is projected to have a 3.5 percent growth this year. Business registrations have increased in the state, though it isn?t clear if the capital inflow is due to the political unrest and...
Having finalized an agreement that sets in motion, the repayment of Dh 614 million from original promoters the Abdullah brothers, jewellery firm Damas is trying to recover the money owed in the wider marketplace. The company is considering taking legal...
Iraq Airports, Aviation and Logistics Consortium (IAALC), is a newly formed consortium to boost the country?s logistics, freight and transportation sectors. The IAALC, expected to offer international standard training in all aspects related to aviation, airports, and freight and...
The Abu Dhabi Development Department of Economic Development (DED) issued its new quarterly report for commercial licenses. As per the report,?with an existing?104,372 licenses, DED issued 2309 new licenses, renewed 18,354 and cancelled 746, by the end of March...
The planned implementation date of the Gulf Cooperation Council?s (GCC) Customs Union will be on January 1, 2015, as said by Obaid Humaid Al Tayer, the Minister of State for Financial Affairs, in the capital. The Gulf Arab countries are...
The Abu Dhabi Fund for Development (ADFD; through the Abu Dhabi Government) has provided loans and grants to aid 16 development projects in Egypt, costing Dh 3.149 billion. Since its founding year in 1974, ADFD has helped Egypt through implementation...
As a significant step towards the strategy to increase branch network in Abu Dhabi, Emirates NBD announced that it has further extended retail banking facilities to its customers in the UAE capital. With a total of 15 branches in...
Research in Motion (RIM) has officially launched the long awaited BlackBerry App World, with support from the Telecommunications Regulatory Authority (TRA) in UAE. This launch, in UAE, is in the authority?s strategy to support more mobile apps creation and accessibility...
Car rental companies run short of cars in the wake of catastrophes in Japan. Post tsunami and earthquake there is a sharp decline in the production of cars by Toyota. Leasing companies recommend switching to other models such as...
Dubai International Financial Centre (DIFC) Investments, the major stake holder in Dubai Pearl, has pulled itself out of the project. Dubai Pearl, the US$3.8 billion (Dh13.95bn) project, overlooking Palm Jumeirah has witnessed a slowdown in construction activity following the...
Microsoft Corp?s Bing will be the new default search engine and map application on BlackBerry smart phones. Joining RIM Co-CEO Mike Lazaridis was Microsoft CEO Steve Ballmer to announce a strategic partnership with RIM; giving an edge for the...
An excess supply of rice from Thailand will help boost global stockpiles and cap prices, the Food and Agriculture Organisation (FAO) said, which will lower record food costs that pushed millions into poverty. Food prices, worldwide had reached a record...
Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa, reported a fall in its first quarter profit for the year 2011. This is seen to be a result of the rising oil prices,...
Abu Dhabi based Aabar Investments, has confirmed an investment plan of $850 million (Dh.3.1 million) in Glencore International, as a cornerstone investor with an intention to invest an additional $150 million in the global offer. ?We are pleased to count...
Dubai Healthcare City Authority (DHCA): A law was issued on Wednesday by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, establishing the DHCA. According to the...

Business or Buddies

?Social networking is the one of the best, and effective direct way of communicating of modern times; but drawing the line between your professional and personal connections in this space, is the new question.? ?When I joined the social media,...
How many times have you tried booking an appointment with your Doctor and get forwarded/transferred from one extension to another ? Maybe it's time for someone to introduce this application in the region sooner ! Check this link
A top Saudi representative to the international labour body has suggested that expat workers who have been living in Gulf countries for 25 years or more should be granted free iqamas (work/residency permits) or permanent resident status outside the...