South Korean engineering giant Samsung announced on Thursday it had secured rights to build plants worth $2.48 billion in Abu Dhabi. A deal was signed on Wednesday between the state-owned Abu Dhabi Oil Refining Co., a subsidiary of Abu Dhabi...
Qatar has become the 71st member of the International Ice Hockey Federation, after being accepted during the Annual Congress in Helsinki this weekend. The tiny Gulf desert nation has joined the ranks as a full member under the precondition of an...
Qatar's energy minister on Monday affirmed oil production in the Middle East remains stable and denied rumours of supply shortage in the market. "Supply from the Middle East has been reliable despite perceived disturbances in the region...there is no shortage...
Lebanese Finance Minister Mohammad Safadi announced plans to raise $2 billion in eurobonds this year after borrowing costs of the most indebted Arab country registered a record drop. “We are now talking to the financial markets to get their advice...
Japanese electronics giant Sony has introduced its new Xperia Sola touch-free smartphone which would allow users to browse by just hovering a finger without touching the screen. Company calls this technology as “floating touch” user interface and will release it...
Foreign supermarkets are set to launch their retail operations very soon in India and are promising their shoppers a world-class experience that centres on quality, excellent customer services, cleanliness, and better bargains. This is a far cry from the...
The classic case of having your own cake and getting to eat it too is what England faces right now. For many years, even though New York and Europe collectively have had a certain financial prowess, London still is...
Top British defence contractor revealed it is making good progress on talks with Saudis over the order for 72 Eurofighter Typhoon jets but added they are far from reaching an agreement on prices. "Of the 72 aircraft contracted under the...
Bad news is better than no news at all when it comes to motivating staff, according to new research. The study found that withholding important information from staff could mean the difference between a motivated workforce and an unmotivated one...
Kerzner International Holdings, the multi-billion dollar investment entity that owns the extravagant Atlantis chain of hotel resorts, may sell off its 50% stake in the Dubai branch that is located at the heart of the exquisite man-made Palm Jumeirah...
FNC election results stand valid, the National Elections Committee (NEC) declared in its ruling while deciding the appeals of 27 challengers in accordance with Article 59 of the executive regulations for elections. Gulf News quoted the committee as saying that...
Gone with the old and in with the new! Well this is how any new year is welcomed. However 2012, so far, has provided two tech giants with a bag of mixed blessings. Google Inc has seen its share...
Generally, the term flattery refers to compliment someone excessively especially in order to win favours. This has been practiced from a long period of time as people try to achieve their desired positions by praising the ‘bottlenecks’ or people...
It is a customary practice to see Arabs and non-Arabs browse for the latest news about Arab revolts, called the Arab Spring. They find civil unrest in Tunisia, riots and regime destabilization in Bahrain, tribal armed clashes in post-Gaddafi...
Multi-Coloured ?barfi? sweets with silver cover are definitely a delight for all the sweet-toothed Indians. Recent reports suggest that demand for the metal paper is surging in the markets due to rising international prices. Girish Aggarwal,?Bengali Sweet House co-owner, confesses...
The reason why we may have identified so deeply with the revolutions of the Arab Spring this past year, seems to be the protesters unfaltering courage. This year's recipient of the Olof Palme Prize, Gomorrah's author in hiding Roberto...
Iran's state-controlled media reported that the country's oil industry has been the victim of a major cyber attack on Sunday. The Mehr news agency reported Monday the Iranian oil ministry and the National Iranian Oil Company and a number of other companies associated...
A relationship between two people is usually based on trust, affection and respect. To love and be loved is the most precious feeling a person can have, but in some cases - with the passage of time - people...
Monday's UAE papers are quite diverse with their front page news items. Gulf News says Palestine bid is a test for Obama as the US is lobbying support from undecided Security Council members. The paper adds that the US president...
Bahrain Air, the Gulf kingdom’s private carrier, is engaged in "serious" talks with local competitor Gulf Air for a possible merger, an Arabic language newspaper quoted a senior airline official as saying. The Al Watan newspaper cited Bahrain Air Managing Director...
Rapidly changing digital landscape requires a proactive strategy to reskill the workforce to be relevant in the future and ready to adapt to change: study Accenture Strategy also includes their top 3 recommendations to future-proof your workforce The time is now for...
The Dubai stock market fell to the lowest level in more than four months on concerns over worsening debt crisis in Europe and a global economic slowdown that will dampen demand for Gulf oil. Shares of Emaar, the developer of the...
The front pages of today's UAE newspapers have published mixed stories ranging from national to international issues. Khaleej Times reported the government is mulling new welfare plans for expats and an unemployment insurance scheme for UAE nationals. The announcement comes...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Oman June oil output drops 4.1% Oman’s crude oil and derivatives production dropped 4.1% in June this year...
Turkish luxury hotel chain Rixos unveiled plans to open five new hotels in the Middle East and North Africa region as part of its global expansion strategy. The new properties will be opening in Azerbaijan, Egypt, Kazakhstan, Turkey and the UAE,...
Jordan's King Abdullah has blocked a hike in the price of the low-grade fuel used by the poor as the aid-dependent kingdom struggles to cope with refugees from neighbouring Syria. The increase in fuel prices, which sparked several scattered street...
Jordan's King Abdullah II has approved an Independent Election Commission to oversee the upcoming polls, a week after Prime Minister Awn Shawkat al-Khasawneh resigned in a surprise move. "Jordan has a historic opportunity to determine its future this year," the king...
Symantec and Norton by Symantec announce predictions for 2013 cybersecurity and threats, which emphasize that the United Arab Emirates (UAE) continues to be a target for cybercrime attacks for businesses and individuals. Last year the UAE was ranked as one of the...
The Global Coalition for Efficient Logistics – a Swiss-based nonprofit organization with its MENA headquarters in Beirut is developing a comprehensive digital platform, dubbed Hummawealth, which can save about billions of dollars in trade and logistics. Samuel Salloum, co-founder of Global...
The UAE is seriously considering merging its two main stock exchanges to boost investment in the local capital markets and attract greater foreign investment to the Emirates. The rumour of a state-backed deal to merge the Dubai Financial Market (DFM)...