Barclays to Cut 150 Jobs in Dubai

The downtown Dubai offices of Barclays Plc in Emaar square are closing due to worldwide overhaul in structuring of the giant lending institution headquartered in the U.K. Approximately 150 people will be fired, while others, such as bankers and support staff, will be move to Barclays’ office at the Dubai International Financial Center. The corporate… Continue Reading

Yahoo Leaving Dubai

Yahoo will be closing down its last office in the Middle East in April 2016. The US internet giant’s Dubai office is the last one which remained open since its offices in Amman and Cairo closed in 2014. Yahoo entered the Middle East Market in 209 when it purchased Maktoob, a Jordanian-based company for $164… Continue Reading

Candidate Carson Visits Syrian Refugee Camps in Jordan

In order to better acquaint himself with foreign policy, Ben Carson, retired pediatric neurosurgeon and Republican candidate for US president, toured refugee camps in Jordan. Carson was impressed with the camps, suggesting that these refuges be better funded so that they can support additional refugees until the conflict in Syria subsides and they can return… Continue Reading

Halal Certified Cleanser Wins Additional Contracts in Middle East

Belfast-based Medizar, maker of anti-bacterial and microbial sanitizers which are 100% alcohol free, has increased its business investment in the Middle East by a £250,000. The company has already been supplying its products to the United Arab Emirates and Qatar since 2013, and was able to obtain additional contracts after participating in an Invest NI… Continue Reading

Look to Qatar for New Middle East Economic Model

The founder and chairman of Colony Capital, Tom Barrack, discusses in the video below how Qatar can be an example for the rest of the Middle East, as well as the ray of hope the Tunisian group that won the Nobel Peace Prize has afforded the world. To see the video go to: Bloomberg Business. Continue Reading

REC and O Capital Join to Sell Solar in MENA

Two companies have signed a deal to sell solar panels and other related services in the Middle East and Africa. O Capital and REC Solar Holdings are embarking on this partnership with the intention of taking advantage of what they see will be major growth in the renewable energy sector. “Beginning in 2017, we are… Continue Reading

Wahlburgers Restaurants Coming to Middle East

The popular burger chain known as Wahlburgers, which already owns 70 restaurants across the world, will be opening a new restaurant somewhere in the Middle East. “We have almost 70 restaurants under contract right now, with various franchisees and deals in different places. I think we will have nine or 10 open by the end… Continue Reading

Middle East Seeing Surge in High Tech Economy

An SAP and Economist Intelligence Unit (EIU) report shows that many businesses are realizing surprising benefits to their bottom-lines due to better access to information, including data on prospective clients, current customers, or internal functioning. McKinsey & Company also point out that businesses that are incorporating the digital marketplace will able to potentially see an… Continue Reading

China Telecom Expanding Business in Middle East and Africa

In order to take advantage of the growth potential in the under-served MENA sector, China Telecom opened an operating unit in the region which will control business there. The African and Middle Eastern-based China Telecom will manage their network and push for greater business development in the area. It will also oversee its local subsidiaries. … Continue Reading