Banking Technology Summit Scheduled for September in Dubai

Some of the Middle East’s most innovative experts on banking will come together on September 5-6 at the Palazzo Versace in Dubai. Hosted by Expotrade, the sixth installment of the Middle East Banking Innovation Summit will focus on the newest banking techniques which will influence the banking sector of the Middle East economy. Regional and… Continue Reading

Mondelez Restructuring Sending Workers to Singapore and Zurich

Due to global restructuring, the giant snack/candy manufacturer Mondelez will be reducing its Dubai presence over the coming months. The goal will be to reduce its international structure down from five world regions to only four. Mondelez is the company behind such popular treats as Oreo biscuits and Cadbury Dairy Milk. The region that will… Continue Reading

Despite Ban, Indonesian Women Heading for Middle East

Indonesian women have not been convinced that working as domestic help in Middle Eastern countries is a bad idea, and are defying their county’s ban on travel to these countries in large numbers. In response to several high-profile cases of Indonesian women subjected to abuse in Gulf states, Indonesia enacted a ban on women traveling… Continue Reading

Climate Change Could Force Millions to Flee Middle East

Researchers of the Max Planck Institute for Chemistry in Germany and the Cyprus Institute in Nicosia have found that limiting global warming to just 2 degrees Celsius will not be sufficient to prevent uninhabitable conditions from developing in the Middle East and North Africa. The 2-degree limit is the compromise target temperature that was reached… Continue Reading

Oil Nations in the Balance Says Iraqi Oil Leader

Falah Alamri, the Iraqi OPEC governor warned oil producers, whether part of OPEC or not, to take a stand on the re-configuration of the global oil market, and soon. The senior Iraqi oil official said that not acting quickly could put oil-producing countries at risk of severe damage that could take a long time to… Continue Reading

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