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Middle East

U.S. Aircraft Carrier Gulf Presence Reduced

For the first time in two years the States will only have one carrier in the region.

Ceasefire Reached In Gaza Conflict – Obama Praises Egypt

Under the Egyptian-brokered agreement, Israel and Hamas agree to a ceasefire from Wednesday 1900 GMT.

Al Jazeera Studio In Cairo Set Ablaze After Angry Protest

An employee said the attack was carried out by a mob chanting slogans against the Qatari-owned station.

Gaza Shakes, Bus Explodes In Tel Aviv As Clinton Seeks Truce

Medical officials in Gaza said 139 Palestinians, most of them civilians, have been killed since the offensive began.

Deutsche Bank Head: Only 5-6 ‘Global’ Banks To Remain

Few banks will continue to have a global footprint in the future, says Anshu Jain, co-chairman of Deutsche Bank.

Boeing Targets Doubling Of Middle East Defence Sales

The plane manufacturer expects to increase revenue from defence sales in the region to $4 billion.

Hillary Clinton Flies To Middle East For Gaza Talks

The US Secretary of State has been sent to the region by President Obama to try to halt the crisis.

Attacker Stabs Guard At US Embassy In Tel Aviv

The attacker was reportedly wounded in a shootout and has been apprehended by police.

Windows 8 OS Launches In ME; Experts Warn Of Piracy

Microsoft formally launched its new operating system, Windows 8 in the Middle East on Monday.

Arab League Chief To Visit Gaza

Nabil Elaraby and Arab foreign ministers will meet Palestinian President Mahmoud Abbas.

Qatar’s Emir Says Israel Should Stop Gaza Siege

In an interview with Al Jazeera news channel, Emir Hamad bin Khalifa al-Thani said Israel would not stop until it met strong resistance.

The GCC Sees Billions In R&D Push

With the GCC countries looking to diversify into knowledge-based economies, foreign firms are pumping billions into regional research and development.

Exclusive: Regional Confidence Returned in 2012, Say Experts

The last 12 months saw robust regional spending, consistently high oil prices and the continuation of Obama’s presidency.

Arab Ministers Back Truce Efforts For Gaza

Foreign ministers agree to form a delegation to travel to Gaza after meeting in Egypt.

Construction Boom In Egypt Drives Chemicals Demand

The country’s growing population and rising middle class is fueling residential and commercial construction, says Frost and Sullivan.

PayPal Launches Dubai Office; Aims To Expand ME Footprint

The global online payment provider currently has one million customers in the MENA region.

Top 10 Fashion Brands In The Middle East

Gulf Business asked Sophia Serin, Senior Editor at Emirates Woman Group, to round up the region’s most popular fashion brands.

Fast Growth Patterns For MENA Exports

The next decade will see soaring growth rates in Middle East exports to Asia and beyond.

Marks & Spencer’s Middle East Expansion

The giant British retailer is opening a new store in Jordan before the end of the year.

Telco Mergers On The Rise As Market Intensifies

Telecoms companies in the GCC continue to seek control and profits by bulking up their presence in foreign firms.

UAE Salaries To Grow 5.1% In 2013

Employees in the UAE saw average wage hikes of 5.2 per cent in 2012, says new survey.

Qatar National Bank Close To SocGen Egypt Deal

Trading on shares is suspended as the French bank is close to selling its asset to QNB.

Nokia Launches Lumia 920 In Middle East

The new Windows Phone 8 enabled handset has made its official debut in the region.

Qataris Biggest Luxury Spenders In ME

Residents in Qatar spend up to $5,000 per month on luxury goods, says new report.

MENA Traders’ Repayment Fears On Global Economy

A report by HSBC shows exporters in the region are worried buyers will fail to settle transactions in coming months.

Israel Fires Warning Shots Across Syrian Border

Fears Syria’s civil war could ignite wider conflict as shell falls in Israel-occupied Golan Heights.

ADIPEC Round Up – BP, ADNOC And Saudi Announcements

A round up of the day’s news and gossip from the region’s largest oil and gas event.

IMF Warns GCC To Cut Spending, Diversify

GDP growth in the GCC region is expected to slow to 3.75 per cent in 2013 as oil production stalls, says IMF.

Over 60% Of MENA Employees Unhappy With Pay

A new poll by Bayt.com finds that the majority of employees in the region feel that they are not well compensated in their jobs.

Arab Spring Economies To Recover Slowly – IMF

Weak demand in Europe and other regions will continue to weigh on the Arab Spring states.