Theme Parks Big Business in Middle East

Abu Dhabi seems to be in love with theme parks, and it looks like the feeling is mutual. Just last year two major theme parks opened their gates to adoring fans, and many more are planning to join in the fun. If all goes as planned, Sea World should have an outlet up and running… Continue Reading

Bombardier, Maker of Learjet, Shows Latest Models in Dubai

Montreal-based Bombardier Business Aircraft, a producer of business grade jets, projects that its Middle East market should remain strong in the near future. “Our market forecast predicts 350 deliveries valued at $12 billion over the next 10 years, with medium and large category aircraft accounting for about 95 per cent of these deliveries,” said Senior… Continue Reading

Yellow Cab Pizza Coming to Middle East Locations

Beginning in January, 2017, Kuwait, Bahrain and Oman will be seeing a new restaurant chain within their borders. Over the next five years approximately 22 Yellow Cab Pizza restaurants will be established after a deal was forged between casual dining chain and owner of the Yellow Cab Pizza brand, Max’s Group Inc., and Silver Group.… Continue Reading

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