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Lipault – a leading bag and luggage brand based in France – launched a new travel bag collection in Dubai focussed on a humanitarian cause. Designed in collaboration with Palestyle, a fashion label that works with refugee artisans for social and economic empowerment, the new product line will raise proceeds […]
In the wake of the Second World War, the presence of powerful international and regional organizations, which can preserve peace and play effective mediatory roles between nations, emerged as an imperative requirement to all nations. To address that global need, international organizations and regional leagues, such as the United Nations (UN), the League of […]
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 […]
Wysada.com Founder Mohammad Musleh tells us how Wysada.com is changing the home interiors and lifestyle retail market across the Arab World. Wysada.com is an online private sales club that offers members fast and easy access to irresistible luxury interior design and high-quality home wares at exceptional value. Just like its brand […]
New partnership between bayt.com and [email protected] provides companies in Jordan’s ICT sector with customized access to Bayt.com’s leading recruitment solutions. Bayt.com and [email protected] have announced the signing of an agreement to work collaboratively to empower the member companies of the ICT Association of Jordan – [email protected] with special access to […]
News sources reveal that the future energy mix of Jordan is set to undergo a massive transition as six companies have bid to build the kingdom’s first shale oil supplied power plant. According to Jordan Times, the Attarat Power Company (APCO) has reported that the interested companies include Alstom/Daewoo E&C […]
As the world marks International Migrants Day on December 18, ILO News looks at the impact of legislation allowing migrant workers in Jordan to join trade unions. AMMAN (ILO News) – Jordan’s foreign workforce is large and growing fast. Around half a million migrants, most from Asian and Arab countries, […]
Today’s top business and economy news from the Middle East and North Africa: Guinea, UAE seal bauxite deal Compagnie des Bauxites de Guinee (CBG) and Mubadala Development Company have signed a long-term supply agreement to supply bauxite, the main raw material in aluminium, the UAE’s state news agency reported on […]
Minister of Planning and International Cooperation said signed or projected foreign grants pledged to the Jordanian government this year, amounting to $365.2 million, would help offset just 12% of the three billion dollars government subsidy on oil. In a statement posted on the Prime Ministry’s Media and Communications Directorate website, […]
Today’s top business and economy news from the Middle East and North Africa: Dubai’s bullish economic growth bears new risks: Citigroup report Citigroup’s chief economist for the Middle East said in a study published on Wednesday Dubai’s exposure to world economy bears downwards risks despite outperforming Abu Dhabi and other major […]
Lockheed Martin announced it has been awarded a $26 million foreign military sales contract to modernise the Royal Jordanian Air Force’s national air command, control and communications infrastructure, by the US Air Force. “Lockheed Martin will provide the Kingdom of Jordan with an integrated, real-time air picture across multiple command centers and many […]
Today’s top business and economy news from the Middle East and North Africa: Abu Dhabi posts fastest economic growth in 2011 Data released by the Abu Dhabi government showed on Sunday the capital city’s economy grew 6.8% in inflation-adjusted terms last year, the fastest rate since 2004 and more than double […]
Today’s top business and economy news from the Middle East and North Africa: UAE bank giants lead China expansion march Two of the UAE’s largest banks are leading an expansion drive into China as trade between the two countries continues its rapid growth. The National Bank of Abu Dhabi (NBAD) and […]
A consortium consisting of Finnish giant Wärtsilä and Lotte Engineering & Construction of South Korea, has been awarded a contract by Amman Asia Electric Power Company to supply a 573 MW power plant to Jordan. The total value of the EPC (Engineering, Procurement, Construction) contract is said to be worth […]
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 […]
Iraq’s September oil exports peaked the highest in three decades with about 2.6 million barrels per day, earning the exchequer $8.4 billion, figures disclosed by the oil ministry said on Sunday. According to the figures compiled earlier this week, oil exports in August were slightly lower at 2.564 million bpd […]
Today’s top business news from the Middle East and North Africa: Dubai state firm to take over troubled Zabeel – report A report published by Reuters said on Thursday state-owned property firm Dubai Real Estate Corp (DREC) has taken over management of troubled Zabeel Investments, which is owned by the […]
Jordan is in a strong position to leverage its competitive advantages as an agricultural producer, and the agricultural sector is becoming more modernised and export-oriented, a report published said on Thursday. According to findings released by Oxford Business Group, the country is placing an emphasis on increasing output and quality, as […]
A consortium of companies headed by Mitsubishi Corporation on Wednesday signed a 25-year deal to sell electricity to National Electric Power Co. (NEPCO) from an $800 million diesel-fired plant being built in eastern Amman. The three-company consortium, which also includes Korea Electric Power Corp. and Wartsila Development & Financial Services […]
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 […]
Jordan will sign grant and loan deals worth $650 million this month with the United States and several European countries, the state-run Petra news agency reported on Wednesday. Jordan’s Minister of Planning and International Cooperation Jafar Hassan said the grants and loans will support the state treasury and the implementation of development […]
Jordanian King Abdullah II accused Israel of disrupting and interfering with Jordan’s nuclear energy programme, in an exclusive interview with AFP. The Hashemite Kingdom plans to invest $4.9 billion in a nuclear power plant that would constitute one third of the total power capacity generated in the country today. “Strong […]
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 […]
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 protests by the government’s tribal and Islamist opponents, was the […]
Ageing population boosting demand for UAE Islamic savings products Sharia compliance is the key factor driving savings decisions by United Arab Emirates nationals, where an ageing population is expected to boost demand for Islamic savings products, a top Dubai-based National Bonds Corp executive said. “Sharia compliance has been the number […]
Jordan, tipped as the would-be “Silicon Valley of the Middle East”, on Wednesday witnessed a SOPA-inspired media blackout to protest a piece of legislation activists say could threaten that freedom in the future. Reports said hundreds of sites have gone dark in support of #BlackoutJo — a protest against a draft bill to amend […]
The United Nations on Monday said it needed $54 million to help meet the growing needs of tens of thousands of Syrian refugees in Jordan, particularly children who are suffering the most from the crisis. The UN Children’s Fund UNICEF announced that funds are “urgently needed to meet the emergency […]
British investors spent AED2.5 billion on Dubai property Dubai continued to attract more and more investors from the United Kingdom with Brits being ranked third on a list of popular foreign investors in Dubai, a report said on Thursday. Investor confidence in Dubai looks to have improved since the 2009 […]
Jordan’s public debt, both internal and external, soared 12% to JD15.016 billion at the end of the first half of this year, driven by increasing guarantees for public institutions’ debts, especially the National Electric Power Company (NEPCO). According to Ministry of Finance figures published by Jordan Times, NEPCO debts guaranteed […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Dubai International Airport posts busiest ever first half traffic Dubai International recorded its busiest first half in its history with 27.9 million passengers transiting through its three […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa UAE Middle East M&a leader – report The UAE, which has leapt six places to 20th in the past five years, has performed strongly on the world’s […]
The International Monetary Fund announced on Wednesday a $2bn loan agreement has been reached with Jordan as it struggles with surging borrowing costs and political unrest. The Washington-based lender said on its website it agreed to a request for a 3-year stand-by accord “in support of the government’s economic reform programme”. […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa Dubai leads Middle East hotel industry June performance The Middle East North Africa region posted a positive performance result in June 2012 despite lingering economic concerns, a global […]
The Jordanian government is exploring ways to increase taxes as one way to reduce budget deficit but taking utmost care not to upset common daily economic activity for most of the population, especially now that Ramadan has begun, an international business think tank report said. The study conducted by the […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Middle East and North Africa MasterCard Index survey reveals UAE consumer confidence highest since 2009 Consumers in the UAE are very optimistic in their attitudes towards the economy, a survey conducted by […]
A top Thai diplomat in Amman said his country is in talks with Jordan to provide technology and assistance for making artificial rain, Jordanian daily said in its report. Piriya Khempon, Thai Ambassador to Jordan, said both countries will sign a memorandum of understanding (MoU) soon, paving the way for enhanced […]
Majority of population in Muslim nations expressed their strong desire for democracy more than a year after the first stirrings of the Arab Spring, a report revealed on Wednesday. A survey carried out by the Pew Research Centre showed solid majorities in Lebanon, Turkey, Egypt, Tunisia and Jordan believe democracy is 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 […]
Jordan is welcoming tourists from abroad with its vibrant music, fascinating art festivals, stunning landscapes, ancient ruins and a mouthwatering cuisine amid soaring political tension in the country and simmering unrest in neighbouring Syria and Lebanon. According to Jordanian Minister of Tourism and Antiquities Nayef Al-Fayes, tourism was down last year […]
Middle East Business News Review – A look at today’s important financial news and business updates from the Gulf, Levant and North Africa: Istithmar to turn Queen Elizabeth II ship into luxury hotel DP World Chairman Sultan Ahmed Bin Sulayem on Monday announced Istithmar World PJSC will transform its vessel […]
