INTERNATIONAL. Concerned about possible Israeli encroachment upon recently discovered offshore natural gas fields, Lebanon's Parliament has passed draft legislation demarcating its maritime borders with Israel. The 18-article law was drafted in the Parliament’s Public Works, Transport, Energy and Water Committee, headed by MP Mohammad Qabbani, The Daily Star reported. At issue are two massive offshore natural gas fields, Tamar and Leviathan, off Israel's northern city of Haifa, where initial prospecting estimates have concluded that the pair of sites between them could hold as much
Posted: May 3, 2016
LEBANON. Despite continuing domestic and regional economic instability, the bank reported net profit of US$33.8 million compared to US$32.8 million in the first quarter of 2015.
Posted: April 16, 2016
LEBANON. The ratings reflect Bankers' supportive, yet volatile risk-adjusted capitalisation, track record of solid technical performance and good business profile in the Lebanese market.
Posted: April 12, 2016
LEBANON. Initiative brings the disruptive technology of wearables, connected devices, virtual reality headsets and much more into the banking world.
Posted: April 1, 2016
LEBANON. The negative outlook for the ICR reflects the company's deterioration in underwriting performance in recent years, which together with volatile investment performance, has applied pressure to the company's risk-adjusted capitalisation.
Posted: March 15, 2016
UAE. According to a new report by the World Economic Forum (WEF), written in collaboration with The Boston Consulting Group (BCG), since 2010, approximately 3,200 education companies around the world have received private ed-tech investments - however, only a mere 12 were based in the Middle East.
Posted: March 7, 2016
LEBANON. Persisting regional and domestic political instability has weakened Lebanon's economic outlook; S&P expects that the banking system's deposit inflows will continue to support the government's borrowing requirement and the country's external financing gap.
Posted: March 4, 2016
LEBANON. Economena Analytics released its Lebanese Economic Outlook for the first half of 2016: No budget or oil decrees expected in 2016; Sovereign credit ratings may be downgraded; Growth will be primarily driven by Information Technology, manufacturing, transport, retail and public spending.
Posted: March 2, 2016
UAE. The investment will assist MYKI in their product development and in a faster go-to-market strategy.
Posted: February 11, 2016
SAUDI ARABIA. A record 5,967 teams comprising over 16,500 entrepreneurs from 21 Arab countries enter competition; Winners ceremony to be held in Jeddah on 14 April, 2016.
Posted: February 4, 2016
LEBANON. The Byblos Bank/AUB Consumer Confidence Index averaged 39.5 in the third quarter, nearly unchanged from the second quarter of 2015, and decreased by 6.7% to an average of 36.9 in the fourth quarter of 2015.
Posted: February 1, 2016
UAE. New partnerships with Wamda Capital, twofour54, and Endeavor Catalyst set to boost e-commerce segment.
Posted: January 28, 2016
LEBANON. Despite continuing domestic and regional economic instability, the bank posted net profit of US$ 161 million compared to US$176 million in 2014.
Posted: January 27, 2016
UAE. Attraction and international mobility are key to national success and prosperity; UAE ranks number one in sustainability of retaining talent and night-safety of employees; Among global top 10 in use of social and virtual networks for career growth; Social mobility rankings within global top 10.
Posted: January 19, 2016
UAE. Nine of the 13 MENA sovereigns are investment grade; Egypt, Iraq, Jordan, and Lebanon are speculative grade; Oman and Saudi Arabia ratings lowered on the sharp deterioration in their fiscal deficits; GCC members to maintain their exchange rate pegs to the US dollar over the medium term.
Posted: January 15, 2016
UAE. "Digital marketing offers the best option for many consumers, including those with lower incomes, to go online."