Recent

The value of cross-regional deals targeting the Middle East increased to $8.1 billion in 2018 first half from $6.4 billion in the same 2017 period. (Shutterstock)
July 18, 2018 - 12:13 GMT
The UAE continued to drive both inbound and outbound merger and acquisition activity in the Middle East as the regional M&A deal values increased by 62 per cent year-on-year in the first half, according to data revealed by Baker McKenzie Report on Tuesday.
Eight people have been killed and hundreds wounded in demonstrations which entered their 10th day on Tuesday. (AFP)
July 18, 2018 - 12:02 GMT
An Iraqi government ban on online access to curb growing protests is costing the country tens of millions of dollars a day and ramping up anger toward the authorities.
According to mid-year Cost of Living Index released by Numbeo, Dubai and Abu Dhabi were rated 113 and 97, respectively, in the list of most expensive cities during the first-half of 2018 as compared to 72 and 93, respectively, during H1 2017. (Shutterstock)
July 18, 2018 - 11:52 GMT
The cost of living in the UAE continued to drop in the first-half of 2018, thanks to fall in rents, lower government public service fees, freeze and reduction in school fees and, most importantly, rising strength of the dirham against major currencies.
According to mid-year Cost of Living Index released by Numbeo, Dubai and Abu Dhabi were rated 113 and 97, respectively, in the list of most expensive cities during the first-half of 2018 as compared to 72 and 93, respectively, during H1 2017. (Shutterstock)
July 18, 2018 - 11:52 GMT
The cost of living in the UAE continued to drop in the first-half of 2018, thanks to fall in rents, lower government public service fees, freeze and reduction in school fees and, most importantly, rising strength of the dirham against major currencies.
Apart from economists, investors and businessmen, international ratings agencies have expressed deep concern over the delay, reminding the authorities that the growing public debt has reached alarming levels. (Shutterstock)
July 18, 2018 - 11:45 GMT
Economists and business leaders, who are closely monitoring the situation, warn that further delay in forming the Cabinet could complicate the implementation of reforms and hence deprive Lebanon from receiving the soft loans and grants from the CEDRE conference that are essential to rebuild infrastructure and turn the economy around.
IMF maintained Saudi Arabia’s growth projections for 2019 at 1.9 per cent on predictions that oil prices would moderate. (File/Photo)
July 17, 2018 - 13:27 GMT
The International Monetary Fund (IMF) has raised its growth forecast for Saudi Arabia, citing higher oil prices.
Statistics on Abu Dhabi’s non-oil trade also show that China is among the top five countries with key trade relations with the emirate. (Shutterstock)
July 17, 2018 - 11:48 GMT
The value of non-oil trade between Abu Dhabi and China reached Dh13.2 billion ($3.59 billion) in 2017, constituting around 8.2 percent of the emirate’s registered trade that totalled Dh160 billion during the same year, according to data from the Statistics Centre-Abu Dhabi (SCAD).
200 protesters gathered at the main entrance of Siba natural gas field on Monday, police and energy sources said, following a week of unrest over poor services. (AFP)
July 17, 2018 - 11:41 GMT
Demonstrators have taken to streets in southern Iraqi cities to protest the economy. The unrest follows a May 12 parliamentary election tainted by allegations of fraud. The protests are in a major oil-producing region.
The present job market situation does not cope well with the Saudization strategy, the Vision 2030 and the hopes and aspirations of the Saudi people. (Shutterstock)
July 17, 2018 - 11:22 GMT
The Ministry of Labor and Social Development has been introducing new programs and strategies to streamline and strengthen the country’s labor market time and again. The ministry's aim is to correct the direction and put an end to the unemployment problem.
European insurers, reinsurers, brokers and shipping firms have been winding down Iranian business as the United States re-imposes sanctions on insurance and reinsurance from 4 November 2018. (Shutterstock)
July 17, 2018 - 11:07 GMT
European insurers, reinsurers, brokers and shipping firms have been winding down Iranian business as the United States re-imposes sanctions on insurance and reinsurance from 4 November 2018.
Many residents travel to other GCC countries driving their vehicles, without paying attention to the luggage regulations. (Shutterstock)
July 16, 2018 - 14:05 GMT
Overloading is a serious traffic violation which can result in heavy penalties up to Dh2,000 and six black points according to the recent federal traffic law.
The Cabinet approved a new legislative package, including a review of the current residency system to allow a two-year extension of the residency period for the dependents of their parents after finishing their university studies. (Shutterstock)
July 16, 2018 - 13:58 GMT
A number of visa facilitations for visitors, residents, families and people overstaying have been approved by the Cabinet.
South Africa President Cyril Ramaphosa is on a mission to raise $100 billion in foreign direct investment in an attempt to revive the national economy. (Shutterstock)
July 16, 2018 - 12:07 GMT
South Africa President Cyril Ramaphosa is on a mission to raise $100 billion in foreign direct investment in an attempt to revive the national economy.
According to Russian news agency Sputnik, the Russian leader expressed hope that fans will take advantage of this opportunity and
July 16, 2018 - 11:43 GMT
This will be a multiple entry visa-free regime.
It is expected that, by lifting the ban on women driving in the Kingdom, the number of foreign chauffeurs will go down by about 30%. (KhT)
July 16, 2018 - 11:36 GMT
Allowing women to drive in Saudi Arabia is considered to be a major step forward, not only socially but also financially, since it is expected to reflect positively on the Kingdom’s economy and Saudi families’ spending power and habits.
A move by the UAE to regulate the growing online world of paid social media is likely to be rolled out across the GCC in a bid to bring in tighter controls on the thriving industry, experts say. (Shutterstock)
July 16, 2018 - 11:29 GMT
Now regulators are looking at the way these so-called “influencers” accept payments from brands and agencies to capitalize on their social media presence.