Press Release GCC business leaders are more confident of growth than their global peers and this is reflected in their rise in investment, according to the result of a survey conducted by Full Circle Investments (FCI), an independent and dynamic strategy consulting...
The spirit of childhood could become the next item on the world’s endangered list, according to a report released by OREO, a popular American cookie brand, and YouGov. The report indicated that in the UAE and across the GCC...
In this Op-Ed, Mohammad S. Moussalli analyses President Trump’s decision on Jerusalem, its illegality, and aftereffects in view of the international community and UN invalidation of U.S. policy on Jerusalem. He scrutinizes the official statement and argues against the...
The UAE and Australia have signed a pact to work together on the peaceful use of nuclear energy and lay the groundwork for potential shipments of uranium to the Gulf nation, the country's official news agency said on Wednesday. The...
Dubai’s innovative low-cost airline, Flydubai, has received their first of the three Boeing 737-800NG aircraft, which was financed through a $117.5 million loan agreement with the Export-Import Bank of the US. The new addition will increase the fleet size...
Bitcoin’s rally heralds the dawn of the financial technology era, but it remains “a major gamble”, affirms CEO of deVere Group, an independent financial services organisation. Nigel Green, founder and chief executive of deVere Group’s comment comes as the world's...
Middle East Business News Review - A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Dubai Drydocks World eyeing Asia joint venture Dubai’s shipbuilder Drydocks World signed an agreement Kuok Group to set...
The chief executive officer of the UAE's Securities and Commodities Authority (SCA) said Saudi Arabia's long awaited move to open up its financial markets to foreign investors will bring rewards to its Emirati counterparts. Abdullah Al Turifi, the head of the SCA,...
Middle East Business News Review:  Top Business News from the Middle East & North Africa GCC nations have great interest in missile defence systems - Lockheed Martin Saudi Arabia and other Gulf countries have shown interest in buying the most advanced...
Asma Bajawa, the Managing Director at People First, a Dubai based HR consultancy writes on how to market yourself to land on a job of your dreams As a business owner and employer, I am always looking for good talent...
An executive of Lockheed, one of the biggest US weapons maker, said on Wednesday he expects more sales of anti-missile interception systems in the Gulf amid a potential military confrontation between US-Israel and Iran. Lockheed sealed a $3.6 billion deal with the United...
The state of Tunisia’s economy has come under renewed questions after the International Monetary Fund released a damning report in which it expressed its concerns over the internal tensions within the country in the wake of the 2011 uprisings that...
China rejected the US sanctions as unilateral and refused to lend its support for US sanctions on Iran, and stressed both Tehran and the International Atomic Energy Agency should 'enhance co-operation'. According to state news agency Xinhua, China urged the...
With Bitcoin fast gaining momentum and worldwide acceptance, NCR company well known for their ATMs have introduced Bitcoin-enabled ATMs in the UAE NCR Corporation, a global leader in omni-channel solutions, today announced that it has teamed-up with CoinHub, a cryptocurrency...
Being the maker of the first true smartphone, Apple undoubtedly created a different perception toward mobile phones among people when it launched the first iPhone 5 years ago, a time Android-based phones didn’t existed, and executives where addicted to Blackberry. Sold...
Saudi Arabia overtook Russia as the world's largest oil producer as it boosted its crude oil production to record levels in March. According to the Joint Organization Data Initiative (JODI), Saudi crude exports rose 3% in March, reaching the highest...
What is it that the banks fear today the most? There are a variety of risks in the global scenario.  If banks faced a perfect storm in 2008, then they are now set to face the next thing up -...
Palestine UN statehood bid and the looming tension is the main story for the papers. Khaleej Times carries a photograph of Palestinian schoolchildren holding a poster of President Mahmoud Abbas at a rally in occupied West Bank town of Tulkarem....
Saudi Arabia, the oil-rich kingdom home to millions of foreign workers, is finding it hard to enrol tens of thousands of its mostly young population who graduate each year, a report said. Despite being the largest Arab economy, and the...
The chase to host the 2020 Summer Games was cut down to a three horse race between Istanbul, Madrid and Tokyo after Doha and Baku were dropped from the running by the International Olympic Committee (IOC) on Wednesday. Doha, capital...
Iranian media quoted trade officials as saying on Thursday the government has frozen the import of more than 2,000 "luxury goods" in its bid to stem the shortage of foreign currency caused by Western sanctions. According to partial lists published...
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Cathay heals Airbus’ Etihad cancellation heartbreak with $4.2bn order Cathay Pacific announced on Tuesday it planned to place...
Professional social networking site LinkedIn has opened its first office in the Middle East and North Africa in the Dubai Internet City which will serve as the company’s regional headquarters as it seeks to build on its growing membership...
A top regional tax expert reckoned GCC governments are likely to delay plans to introduce a value-added tax (VAT) as Arab uprisings and the ongoing financial crisis will dent political support for the proposed measures and might draw public...
Iraq announced on Monday it has signed a final gas exploration contract with Pakistan Petroleum to explore gas block 8, covering an area of 6,000 square km in Diyala and Wasit provinces in eastern Iraq. Iraq, holder of the world's 10th-largest...
Knowledge and Innovation to remain Dubai's priority - Sheikh Hamdan, Crown Prince of Dubai The emirate of Dubai has worked hard over the past several decades to develop wider, more diversified economic bedrock to power growth. As a result, the emirate...
In this Interview with Eyup Celik, the co-founder of MuslimBreak.com, we provide insights into the global halal travel and tourism market The economic success of certain Islamic countries and the Muslim community gobally has translated into travelers exploring the world beyond their...
Despite Washington's tightening of financial sanctions against Iran, US exports to Tehran rose by nearly a third this year, chiefly because of grain sales, a report revealed on Monday. According to Census Bureau data, US exports hit $199.5 million in the first...
Looking to start your food truck business in Dubai? here's a neat infographic that explain what's required to get started. In partnership with Imago Growth Accelerator and Aseel F&B, The Bureau Dubai, a co-working space that provides support for local...
‘Live on the Edge’ with the HTC U12+ featuring Edge Sense 2 for unparalleled one-handed use on a big 6” phone, plus the highest-rated dual camera, USonic personalized audio, and stunning Liquid Surface design In its latest showcase of cutting-edge innovation,...
The Obama administration is pressing Saudi Arabia to boost its oil output in order to fill a supply gap arising from economic sanctions on Iran, a Reuters report revealed quoting Gulf sources, adding that Riyadh is not in a...
Ever thought that you should be saving money, but don’t know where to start or how to go about it? Well, you're not alone. It turns out that financial pressures and debt woes are the single biggest source of stress...
A Chinese think tank has said Arab uprisings that started in January last year across North African countries has had a limited impact on China-Africa trade. The annual report on African development released by the Chinese Academy of Social Sciences in early...
Bayt.com, one of the largest online recruiters in the Middle East region, has vowed to go head-to-head with LinkedIn, the global social media giant which links professionals. After revamping its jobsite, jobseekers are now able to make a public profile,...
The UAE's Ministry of Labour has announced it intends to replace unqualified labourers with skilled workers as part of its plans to modernise the country's workforce. Humaid bin Demas, the undersecretary of the ministry, revealed the government aims to have...
PEPSICO, COCA-COLA MIGHT LAND INTO FURTHER TROUBLE FROM CONSUMER RIGHTS WATCHDOG Soft drinks giants Pepsi and Coca Cola fear they could be forced to change the packaging of their cans to avoid further violation of the Department of Economic Development's...
Men are from Mars and women are from Venus! This may not actually be the case. Both sexes are not worlds apart, according to Australian statistician John Croucher, who insists their behaviour is simply in the 'numbers'. In his book ...
Qantas and Emirates officially commenced their historic partnership after receiving approval from the Australian Competition and Consumer Commission. Two of the world's iconic airlines are forming a global partnership. From April 2013, Emirates and Qantas will fly 14 times...
A Thomson Reuters report on Tuesday said merger and acquisition activity in the Middle East during the first nine months of 2012 stood at $15.7 billion, more than double the activity seen during the same period in 2011 ($7.5 billion),...
A senior Bahraini government official revealed the country's budget deficit has ballooned up to five-times in the last 10 years. He added that the figure stood at 1.8% in 2002 and is expected to reach around 9.7% by the end...