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Last Build Date: Wed, 14 Dec 2016 05:38:00 GMT

Copyright: Copyright 2016 Zawya Ltd. All rights reserved.
 



Floating Egyptian pound decision to raise auto manufacturing cost

Wed, 14 Dec 2016 05:54:31 GMT

Major challenges facing Egyptian automotive sector are government's decision to float Egyptian pound in addition to the drop in buying rates



US rate hike expected to have minimal impact on GCC

Wed, 14 Dec 2016 05:49:42 GMT

Visible increase in raising funds expected



Amazon to open Dubai, Bahrain offices in January

Wed, 14 Dec 2016 05:41:35 GMT

Amazon wants to accelerate the rapid adoption of cloud computing in the Middle East and North Africa



Qatar rejects Amnesty's claim on its new labor law

Wed, 14 Dec 2016 05:37:43 GMT

Qatar formally announced the end of its 'kafala' or sponsorship system on December 13; contract-based system would take its place



Wednesday outlook: Investors watching closely Fed's decision

Wed, 14 Dec 2016 05:33:35 GMT

Markets expect quarter-point rise



Boursa Kuwait unveils market making model

Wed, 14 Dec 2016 05:28:58 GMT

Boursa Kuwait issued detailed regulations to boost liquidity of shares



Oman's economic outlook brightens going into 2017

Wed, 14 Dec 2016 05:09:45 GMT

Country's pledge to cut production by around 45,000 barrels per day will result in a net increase in revenue to the economy



Lebanon's ministry widens illegal internet crackdown

Wed, 14 Dec 2016 05:05:20 GMT

Ongoing investigations have been trying to uncover the methods used to import and install the illegal networks



Jobs in Saudi: Tourism sector to employ 1.7m people by 2020

Wed, 14 Dec 2016 05:00:03 GMT

Currently, sector lacks manpower, facilities and training



Robust health: Dubai to get seven new hospitals

Wed, 14 Dec 2016 04:54:10 GMT

Currently, emirate has 26 hospitals



UAE to start sharing financial data under CRS in 2018

Wed, 14 Dec 2016 04:38:29 GMT

Starting next year local banks to seek information on tax status of customers



UAE focusing on innovation in healthcare and pharmaceuticals

Wed, 14 Dec 2016 04:30:29 GMT

Dr. Amin Hussain Al Amiri is the Assistant Undersecretary of Public Health Policy & Licensing at the UAE Ministry of Health & Prevention. He spoke with The Prospect Group about innovation in the UAE's healthcare sector and the vision for the health services and pharmaceutical industries.



Renewable energy industry is bracing itself for critical year: Official

Wed, 14 Dec 2016 04:24:02 GMT

The key markets across the Gulf and wider MENA accelerate their energy diversification programs to meet national targets



Civilians flee eastern Aleppo in search of safer locations

Wed, 14 Dec 2016 04:23:16 GMT

Thousands of civilians evacuate the rebel-held part of eastern Aleppo as the Syrian army and its allies take control of large areas in the city.



Saudi Arabia launches new banknotes

Wed, 14 Dec 2016 03:46:10 GMT

New banknotes identical in size to the old notes, so they will still work accurately with existing money sticks in the Saudi banks and financial institutions, as well as in ATMs



Qatar's non-oil sector grew by 7.8% in 2015

Wed, 14 Dec 2016 03:40:01 GMT

Qatar’s economy is expected to continue to grow steadily, supported by growth in non-oil sectors which would be the main contributor to the GDP growth in the coming years



Region's construction sector yet to emerge from downturn

Wed, 14 Dec 2016 02:36:13 GMT

New contracts down nearly a third on 2015; Qatar and Saudi Arabia worst hit



Region faces 'unsettled 2017' ahead over stalled economic activity

Wed, 14 Dec 2016 02:30:31 GMT

Global growth for 2017 is not expected to exceed 4 per cent while trade is expected to be at around 3 per cent



Abu Dhabi targets 450,000 cruise passengers by 2020

Wed, 14 Dec 2016 02:25:51 GMT

Currency fluctuations have not impacted cruise tourism in UAE capital



Oil producers slash output as per Opec deal

Wed, 14 Dec 2016 02:20:32 GMT

This is the first time in fifteen years that both Opec and non-Opec countries have come together to reduce production to prop up oil prices



Abu Dhabi reinstates 5% rental cap; tenants celebrate

Wed, 14 Dec 2016 02:17:36 GMT

Rents in UAE capital have long been a major drain on residents’ incomes and they continued to increase after the removal of the rent cap three years ago



Social media can play a positive role in UAE's future

Tue, 13 Dec 2016 13:20:50 GMT

Nothing can reach out to 2.3 billion people like social media does



INTERVIEW: Bahrain's Investcorp eyes expansion in Saudi Arabia in 2017

Tue, 13 Dec 2016 11:00:08 GMT

Bahrain-based Investcorp sees increased potential in Saudi Arabia following the announcement of the Vision 2030 economic plan.



Expo 2020 Dubai to partner with 70 official product licensees

Tue, 13 Dec 2016 10:18:00 GMT

Organisers will seek around 70 official licensees, one third of whom, it is hoped, will be SMEs.



Egypt: bad loans edge higher since currency float move

Tue, 13 Dec 2016 10:08:17 GMT

The state-run United Bank of Egypt’s portfolio of bad loans has surged to $191.2 million



Palestine, a frontier market

Tue, 13 Dec 2016 09:57:54 GMT

The embatled country is gaining attention from investors abroad



Investor confidence boosts as Ras Al Khaimah partners with DIFC Courts

Tue, 13 Dec 2016 09:06:15 GMT

The legal steps designed to promote economic growth, secure foreign investment, and protect assets attract investorssets are formed



Europe prepares to rewrite the rules

Tue, 13 Dec 2016 08:59:14 GMT

Implications for anyone seeking to sell funds in Europe



Qatar replaces sponsorship law with contract-based system

Tue, 13 Dec 2016 08:55:07 GMT

Having abolished the kafala sponsorship system, Qatar implemented new reforms to improve workers’ rights



The year of the bond

Tue, 13 Dec 2016 08:49:40 GMT

Issuers in GCC turning to debt markets



What is the ‘One China’ policy?

Tue, 13 Dec 2016 08:30:59 GMT

Under policy, US has formal ties with China rather than Taiwan



Report: How family businesses are planning for the future

Tue, 13 Dec 2016 08:30:04 GMT

Firas Haddad, Partner & Family Business Advisory Services Leader in the Middle East for PWC talks us through the company’s report on how family businesses are planning for the future.



Why higher US interest rate isn't good news for the GCC?

Tue, 13 Dec 2016 08:26:36 GMT

Marios Maratheftis, Global Chief Economist for Standard Chartered explains why a higher US interest rate isn't necessarily good news for the GCC.



How Dubai Airports is going to manage the festive season?

Tue, 13 Dec 2016 07:53:30 GMT

Anita Mehra, Senior VP for Communication & Reputation & Michael Ibbitson, Executive VP for Business Technology for Dubai Airports explain how they're going to manage the festive season.



Jordan to apply tax law on tourism offices from Dec 15

Tue, 13 Dec 2016 07:34:43 GMT

Sales tax will be collected from the companies as of December 15 after agreeing with the tourism sector



Jordan offers $1.36bn investment opportunities to Qatari firms

Tue, 13 Dec 2016 06:16:52 GMT

Jordan exerts all efforts to improve policies, legislation regulating business



Dubai Satellite entertainment group loses labour dispute

Tue, 13 Dec 2016 06:02:29 GMT

A leading satellite entertainment provider in the region lost labour lawsuit against a senior ex-manager, who had resigned to join a global sports network.



Kuwait's opposition disunity exposed after setbacks

Tue, 13 Dec 2016 06:00:09 GMT

Outcome of the speaker’s vote could have a serious damaging impact on the unity of the 27 MPs



UAE banks notify expats on anti-tax evasion policy

Tue, 13 Dec 2016 05:52:10 GMT

UAE banks say they will be collecting tax-related information from customers starting next year



Students propel innovation in GCC's $2trn construction sector

Tue, 13 Dec 2016 05:43:10 GMT

Archiprix International 2017 awards recognize 19 architecture, urban design, and landscape architecture student proposals from MENA



Egypt's Oil Ministry says, 8 new wells add to oil, gas production

Tue, 13 Dec 2016 05:27:32 GMT

Ministry stated that these wells added 517 MMCFD of natural gas, 2,500 barrels of crude oil to Egypt's national production



Oil price surge to create jobs, end pink slips in Oman

Tue, 13 Dec 2016 05:26:09 GMT

Current trend gives hope and if the oil prices reaches $54 per barrel, then workers can be protected



VAT revenues in GCC expected at $25b per annum

Tue, 13 Dec 2016 05:03:01 GMT

Adoption of value added tax by GCC bloc represents major shift in tax policy; Gulf countries working towards VAT implementation by January 1, 2018



Tuesday outlook: All eyes on the Fed

Tue, 13 Dec 2016 04:14:55 GMT

Investors await clues on monetary policy



Google signs internet deal with Cuba's telecommunications monopoly

Tue, 13 Dec 2016 04:13:13 GMT

Google signed an agreement with the Cuban government on Monday granting internet users on the communist-run island quicker access to its branded content. Nathan Frandino reports.



Trial of IMF's Lagarde begins in Paris

Tue, 13 Dec 2016 04:12:49 GMT

International Monetary Fund chief Christine Lagarde goes to trial over her role in a €400 million ($424 million) payout to businessman Bernard Tapie in 2008, when she was France's finance minister.



Egyptian Christians bury bomb victims

Tue, 13 Dec 2016 04:11:32 GMT

Egyptians mourn 24 people killed in Sunday’s bomb attack at Cairo’s Coptic cathedral, saying police have failed to protect the country’s Christian minority.



Syrian army says battle for Aleppo is "at its end"

Tue, 13 Dec 2016 04:09:03 GMT

The Syrian army is in the "final stages" of recapturing Aleppo after a sudden advance that has pushed rebels to the brink of collapse, a Syrian general said on Monday. Nathan Frandino reports.