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Go topThe United Arab Emirates will see economic growth of up to 3 per cent next year, the country’s economy minister said on Friday, reiterating that growth would be a more tepid 1.3 per cent this year. Sultan bin Saeed al-Mansouri was speaking to reporters on the sidelines of the World Economic Forum meeting in Dubai. … Continued
From the corridors of Syria’s stately central bank to the capital’s winding, barrel-vaulted souk in the heart of the Old City, it is hard to remember that 18 months ago Syria was a diplomatic and economic pariah state. Growth is expected to come in this year at a respectable 3%, despite a big knock from … Continued
Middle East airlines will lead the global aviation industry out of its worst downturn in years, the world’s top plane makers said Monday on the second day of a Dubai Airshow that produced few orders. “The Middle East is still the hub of aviation growth,” Airbus Chief Executive Tom Enders said at the show, held … Continued
As elsewhere in the world, the global financial and economic crisis has taken a toll on the Middle East, the IMF says in its latest Regional Economic Outlook report for the Middle East. Oil exporters were directly hit by the global financial crisis through a sharp decline in oil prices and a sudden drying up … Continued
Marriott International (NYSE: MAR) today announced the signing of five hotels for its newly established Middle East & Africa Region, including its first properties in Algeria, Ghana and Morocco. The hotels are scheduled to open under long-term management contracts over the next 36 months and represent the company’s Marriott Hotels & Resorts and Marriott Executive … Continued
On 4 November, the International Monetary Fund made this positive assessment of the Algerian economy: “Despite a deteriorated international environment, Algeria has continued to post good economic performance, consistent with its trend in recent years, and characterized by solid non-hydrocarbon growth, control of inflation, and reduction of unemployment… Thanks to prudent financial policies, comfortable external … Continued
A team working at a university in the United Arab Emirates has designed the world’s first Arabic speaking robot. Owners of robots who have felt frustrated by their humanoid companions inability to say marhaban, ma salama, shukran and mabrook may soon be able to end their suffering. Named after a 11th Century Muslim doctor and … Continued
Nicole Antakli, 37 President and CEO Intraco Corp. Troy Biggest achievement: Building on the company’s foundation to create and drive profitability, and learning how to manage and balance that with the debt structure of the company. Current goal: To become a billion-dollar company within five years. Nicole Antakli stands athwart two very different worlds. She’s … Continued
The British government has stressed the importance of Britain’s social and economic relationship with the Middle East. “Our bilateral relationship is built on Britain supporting the young people of the Middle East by investing in community sports programs to encourage young people to do more sport, remain active and lead healthy and happy lives,” Ivan … Continued
A Royal Jordanian flight from Athens to Amman could have passed off as any other routine trip except this RJ 132 flight was a little different as it boasted a female pilot leading an all female crew. Carol Rabadi captained her first flight of 100 passengers after working as a co-pilot for six years, a … Continued
Less than a decade into Syria’s financial liberalization efforts, banking is proving to be one of Syria’s fastest-growing sectors and an increasingly important pillar in the overall transformation of the economy. Since the government began issuing licences in 2001, 11 private conventional and three private Islamic banks have set up in the country, with another … Continued
When I come home hungry from a late afternoon swim, my idea of a perfect snack is a piece of toast topped with sesame tahini, a paste made from lightly toasted hulled sesame seeds. It’s very satisfying, lighter than bread topped with almond butter or peanut butter. It’s a healthy snack, too: sesame seeds contain … Continued
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