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In his Op-Ed, Mohammad S. Moussalli analyzes the current security situations and political dilemma in the Middle East in view of ISIS savagery. Last June, a major offensive launched by the so-called Islamic State of Iraq & Greater Syria (ISIS), also known as “The Islamic State” (IS), succeeded in no […]
– Dubai to attract 450,000 cruise tourists by 2016. – Bahrain restarts US$80 million worth of mixed-use projects at the Muharraq coastal site and King Faisal cornice. – Oman plans a new 100 berth marina project. – Mina Zayed port in Abu Dhabi is currently undergoing major redevelopment. Cruise pavilion […]
EIU’s report on Business Environment in GCC Countries indicates quite a revelation even as the region continues to display positive economic trends As country after country across the globe found itself plummeting from the pedestal of business and economic security, it looked as if the Middle Eastern countries – most […]
Statistics for commuter traffic for February, released by the International Air Transport Association (IATA), showed a surge in the demand for the aviation transportation with a percentage increase of about 5.4 percent. This increase has been placed in context to the commuter traffic trend for February, in the previous year. […]
Despite the presence of so many transnational problems, Iran’s nuke program and the Syrian dilemma are by far the most controversial issues on the international political theater. Navigating away from discussing over again the machinated failure of the international community to stop the first massacre of the 21st century (the terrorizing […]
“You can print money, manufacture diamonds, and people are a dime a dozen, but they’ll always need land. It’s the one thing they’re not making any more of.” — Lex Luther, in Superman Returns, back in 2006. Looks like Lex Luther was debating upon the simple economic laws of demand […]
As centuries ago as now, we find many policy makers, politicians and political analysts who still consider the abstract idea of double standard is a shrewd political craft. They simply justify and identify this double play as a mean to attain goals of interest. Apart from the far-flung stigmatization […]
After a long busy day, many people search the web or switch on their cable television, to know what is coming about in this uncertain world. On every international news channel and portal website, they see guiltless people being deliberately harmed, tortured or killed, every day. Around the world, from […]
Bahrain’s plans to make significant improvements to the kingdom’s communications infrastructure received a setback as a court has ordered a halt to the bidding process for the 4G radio spectrum. The auction of radio spectrum for next-generation telecom networks has been held up due to an appeal by a […]
The latest MasterCard Index of Consumer Confidence highlights that consumers in the GCC countries are gaining confidence in their national economies and are optimistic about the future trends. The index measured consumer confidence in five indicators, namely regular income, employment, economy, stock market and quality of life. Consumer confidence […]
Gulf Air, the Bahrain-based carrier, is undertaking drastic measures to restructure operations and cut jobs to revive competitiveness. The company’s plan to lay-off about 15 per cent of it’s staff and close four more routes in January have annoyed the union which represents airline staff. In recent years, the airline […]
Bahrain based Gulf Air has announced major restructuring initiatives that will see the airline save 24% on costs by the end of 2013. The struggling airline will undergo a balanced restructuring strategy that will take the airline on a path towards sustainability and support the future economic development of Bahrain, […]
Bahrain has been ranked as the Middle East’s top economically free country. According to the annual Index of Economic Freedom published by The Heritage Foundation and the Wall Street Journal, Bahrain remains the Middle East / North Africa’s (MENA) region’s most economically free country, ranked 1st out of 15 countries. […]
Today’s top business and economy news from the Middle East and North Africa: Dubai sees no need to recapitalise support fund Dubai sees no need to recapitalise the financial support fund which provides aid to indebted state-linked companies, Sheikh Ahmed bin Saeed al-Maktoum, the head of the emirate’s Supreme Fiscal […]
Today’s top business and economy news from the Middle East and North Africa: Emirates to buy 100 777s if Boeing builds new model Emirates, the world’s largest airline by international passenger traffic, is likely to order 100 planes or more from Boeing if the plane manufacturer upgrades the design of […]
Today’s top business and economy news from the Middle East and North Africa: British PM in the UAE to secure arms deal British Prime Minister David Cameron is in the United Arab Emirates to kickoff a three-day trade visit to the Middle East aimed at securing major UK arms deals […]
Today’s top business and economy news from the Middle East and North Africa: Dubai posts strong visitor numbers Dubai has once again emerged as one of the most popular holiday destinations on the planet as new figures suggesting that tourists continued to flock to the emirate in September. According to Dubai Airports statistics, […]
Today’s top business news from the Middle East and North Africa: Etihad Airways eyeing opportunities in India, Asia Etihad Airways, which has been aggressively expanding on a global level through stake purchases in firms like Air Berlin and Virgin Australia, announced on Sunday it is set to extend its geographical […]
Today’s top business news from the Middle East and North Africa: Qatar, Egypt to boost energy cooperation; sign refinery deal Qatar announced it will go ahead with its strategic investments in Egypt to help the country get past the economic turbulence it is going through since the 2011 fall of […]
Today’s top business news from the Middle East and North Africa: Dubai hotel occupancies drop during Ramadan; Jeddah, Manama, Amman benefit Occupancies at hotels across Dubai dropped to 69.4% in July, plummeting by 11.1% from the same period in 2011, a new survey revealed on Thursday. The Middle East […]
Occupancies at hotels across Dubai dropped to 69.4% in July, plummeting by 11.1% from the same period in 2011, a new survey revealed on Thursday. The Middle East Hotels Benchmark Survey, carried out by Ernst & Young, looked at the performance of leading hotels in the Middle East, including international […]
Today’s top business news from the Middle East and North Africa: IMF says Saudi may post small budget deficit in 2016 amid global recession The International Monetary Fund (IMF) said on Wednesday it expects oil rich Saudi Arabia, which has been running big budget surpluses on the back of high oil […]
The planned building of the largest Catholic church in the tiny island kingdom of Bahrain – intended to be the main centre for Catholics in the region – is creating tensions between its Sunni and Shia Muslim communities. Reports coming from capital Manama say some hardline Sunni clerics have strongly opposed […]
Today’s top business news from the Middle East and North Africa: GCC integration plan needs more discussion – statement A plan to integrate six Gulf countries as proposed by Saudi Arabia last year in response to Middle East turmoil needed more discussion, Gulf Arab foreign ministers said on late Sunday after […]
A plan to integrate six Gulf countries as proposed by Saudi Arabia last year in response to Middle East turmoil needed more discussion, Gulf Arab foreign ministers said on late Sunday after they met in Jeddah. The GCC countries, Saudi Arabia, Kuwait, Qatar, Bahrain, the UAE and Oman, in January ordered […]
Enoc joining hands with Saudi fuel retailer to open outlets in kingdom Emirates National Oil Co (Enoc) announced on Tuesday it is joining hands with Saudi fuel retailer Aldrees to build at least 40 service stations in the kingdom. The Dubai-government owned retailer is facing losses at home and hopes […]
Fajr Capital buys Dubai International Capital’s $300m MENA infrastructure fund stake Dubai International Capital (DIC), the private equity arm of Dubai Holding has sold its stake in a $300 million Middle East North Africa infrastructure fund to Islamic investment firm Fajr Capital, it was announced on Monday. Fajr is backed […]
The Vatican Embassy in Kuwait dismissed reports on Monday that it was relocating headquarters from Kuwait to Bahrain to facilitate the organisation of regional meetings of Christians. The Embassy of the Vatican “is not transferring its present location in Kuwait to another within the Gulf region,” the embassy said in […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Bahrain airlines’ merger on horizon Bahrain Air, the Gulf kingdom’s private carrier, is engaged in “serious” talks with local competitor Gulf Air for a possible merger, an […]
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 Ibrahim Al-Hamer as saying that his airline will need to buy […]
Gulf Cooperation Council (GCC) has successfully placed itself among Asia’s top 5 spenders on digital literacy, according to the latest UN eGovernment Readiness Survey. In addition to its betterment in digital literacy, the report has also highlighted other significant achievements of the GCC countries. The UN readiness survey is carried out […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Global economic slowdown may still lead to oil price rise – report Global economic slowdown and a negative outlook towards major world economies will lead to a […]
Executives based in the Kingdom of Saudi Arabia (KSA) earn the most with an average annual salary of $422,280 ($35,190 per month), a survey carried out by a regional business magazine revealed. The Gulf Business survey‘s findings are based on the incomes of chief executive officers (CEOs) who are responsible for […]
A senior Qatar central bank official on Thursday urged Gulf Arab states to press on with their own monetary union project, while learning lessons from the eurozone. “I think that the GCC (Gulf Cooperation Council) countries should benefit from the euro experience and continue with the GCC monetary union project without […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Abu Dhabi top Middle East city to live in The ‘Top Cities of the Middle East’ survey, recently conducted by Bayt.com, the region’s number one job site […]
Which are the world’s fattest nations? You probably dodn’t need Google to find out that USA, home to many fast food and dessert chains, topped the list. However, you might have been surprised to learn that 4 GCC countries made the top 10 list. The list includes Kuwait at number […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Booming LNG income triples Qatar budget surplus Qatar’s booming revenues from liquefied natural gas more than tripled budget surplus to 44.5 billion riyals ($12.2 billion) in the […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Ras Al Khaimah retail economy growing despite tough competition Retailers in Ras Al Khaimah (RAK) are hoping for a period of sustained growth, thanks to an increase […]
A report issued by Kuwait-based think tank said the Gulf countries’ global oil reserves share is expected to grow to 70% from current 45% during the next couple of years. Diplomatic Center for Strategic Studies (DCSS) findings showed the Gulf Cooperation Council (GCC) countries captured 25% of total world crude oil […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa regions of the Middle East: Dubai posts 6.6% foreign trade growth rate in Q1 2012 Dubai posted a 6.6% growth during the first quarter of 2012 in […]
