Despite a bullish outlook on sales growth by MENA CEOs, employment levels are expected to remain flat with businesses adopting a cautious approach.
Sarmad Lone has joined the British lender as its regional head for global corporates for the MENAP region.
Vast domestic demand, external threats and the end of easy oil are driving the Middle East’s renewable energy sector.
No injuries have been reported and an investigation is underway.
At least nine people have died in clashes between supporters and opponents of ousted president Mohamed Mursi.
The funds from the KIngdom were given in the form of a five-year interest-free deposit at Egypt’s central bank.
The UAE rail network, which will form part of the planned Gulf-wide network, is expected to cost $10.9 billion with a 1,200 kilometre route.
Hazem el-Beblawi, an international liberal economist, called for dialogue between political parties, adding that security had to be restored to Egypt’s streets after weeks of mass protests.
Gulf Arab oil producers have promised aid packages worth $12 billion to Egypt since the overthrow of president Mohamed Mursi.
GCC petrochemical players must capture the next wave of growth by analysing the value chain and tapping into unconventional sources.
The GCC is increasingly concerned that the waters of the Gulf may become undrinkable if there are any leaks from energy installations into the water.
Cases of MERS have been found in Saudi Arabia, Jordan, Qatar, the United Arab Emirates, Tunisia, Britain, France, Italy and Germany.
A majority of the internet users polled said they preferred virtual communication over face-to-face or telephone conversations.
The armed forces chief, Abdel Fattah al-Sisi, was given the post of first deputy to interim Prime Minister Hazem el-Beblawi.
Audi’s pre-owned vehicle sales also witnessed substantial growth along with car sales.
Qatar-based Al Jazeera reached agreement with TV sports rights firm MP & Silva for access to all 380 Premier League matches in 23 countries.
Kuwait last week joined other oil-producing Gulf states in pledging a massive aid package worth $12 billion to Egypt.
No Middle East release date issued by Nokia, as regional vice president believes the new phone will be popular in the region.
The affinity towards luxurious brands and intra-region tourism has helped boost the luxury goods market in the emirate.
Egypt’s first freely elected leader has been held at an undisclosed location since the army removed him from power on July 3.
How have Egypt’s markets reacted to the second presidential ousting in as many years?
Saudi Arabia and the UAE have offered Egypt $8 billion in grants and loans, while Kuwait has pledged a further $4 billion.
A bunch of kids in T-shirts changed the course of the Arab world’s most populous nation by mobilising mass protests against the ruling Muslim Brotherhood.
Following the ascension of Qatar’s Sheikh Tamim bin Hamad al-Thani, who will join him in the future in leading the Gulf states?
Political instability in Egypt and other countries in the Middle East have dampened investor confidence resulting in low offering values.
However, GCC investors are looking beyond traditional luxury hotspots such as Mayfair and Knightsbridge.
The new hub will stream a live feed from Mecca allowing users to follow the Umrah pilgrimage.
Talal Abu Ghazaleh hopes to launch of Tagipedia, a free online Arabic encyclopedia with one million entries by the end of the year.
The UAE will make a $1 billion grant to Egypt and a $2 billion loan.
Apps provide information on prayer timings, location of mosques and iftar and suhoor restaurant options.