Arabs Rank High on Forbes Billionaires List

Arabs Rank High on Forbes Billionaires List

Saudi Arabian Prince Alwaleed bin Talal once again topped the list of the world’s richest Arabs according to the Forbes annual survey. His net worth is estimated to be $20.4 billion. Coming in second place on the Arab scale is the Lebanese-Brazilian banking magnate Joseph Safra, with about $16 billion in wealth. The third placeContinue Reading

Cyber-Attacks on the Rise in the Middle East

Cyber-Attacks on the Rise in the Middle East

According to the Cisco 2014 Annual Security Report, Middle East businesses have been confronted by a growing number of cyber-attacks, reaching their highest-ever numbers last year. “Organizations across the Middle East and Africa must realize that it is no longer if they will be targeted by cyber-attacks, but rather when,” said Dr. Tarig Enaya, ManagingContinue Reading

Dubai Heads Top-Ten List of Travel Destinations for 2014

Dubai Heads Top-Ten List of Travel Destinations for 2014

One of the United Kingdom’s most popular vacation portals predicts that Dubai will lead a list of ten most visited vacation spots in the coming year. AlphaHolidayLettings.com ranks destinations according to the number of inquiries they receive regarding particular places, as well as number of bookings. Most of the top ten on Alpha’s list areContinue Reading

Charles Brandes: Middle East Stock Market On the Rise

Charles Brandes: Middle East Stock Market On the Rise

The Middle East is often overlooked by investors, but the region’s stock market has skyrocketed over the last year. Star players in the rally include several Persian Gulf countries such as Dubai and its neighbor Abu Dhabi. Dubai’s stock market actually increased 86% in 2013, hitting a five-year high this past month. Other principalities inContinue Reading

Emirates’s A380 Makes World’s Longest Flight to LAX

Emirates’s A380 Makes World’s Longest Flight to LAX

December third was an historic day in aviation: The longest flight for the A380 in the world touched down in Los Angeles after a 16 hour and 20 minute flight from Dubai. Emirates Airlines worked hard to make this route one of luxury and excellent service. On board the huge double-decker airbus were over 400Continue Reading

PepsiCo Announces New Presidential Appointment for MEA

PepsiCo Announces New Presidential Appointment for MEA

Omar Farid will be taking over as President of PepsiCo Middle East & Africa, the company announced this week. Farid will be reporting to Sanjeev Chadha, CEO of PepsiCo’s Asia, Middle East and Africa section. Farid’s previous position was as Senior Vice President and Business Unit General Manager of GCC Beverages at PepsiCo. In orderContinue Reading

Business Traveler Awards Qatar Airways Highest Honor

Business Traveler Awards Qatar Airways Highest Honor

For the fourth year in a row Qatar Airways was chosen as the “Best Middle East Airline” by readers in China of Business Traveler Asia Pacific. The award was bestowed on the airline during the 22nd annual Business Traveler Asia Pacific Awards which took place in Hong Kong. The awards represent the highest honor givenContinue Reading

Asiacell Names Amer al-Sunna New Chief Executive

Iraq’s second largest telecommunications company, Asiacell, recently announced the name of its new chief executive, Amer al-Sunna. Asiacell’s parent company, Ooredoo made the announcement in a statement released on Monday. Sunna has experience already working for Ooredoo groups in the Philippines as well as in Jordan. Last February he joined Asiacell as its managing director.Continue Reading

Libyan Labor Unrest Delaying Oil Output

  OPEC member Libya, producer of 1.5 percent of global oil supplies, was unable to commit to deliveries of crude oil to its customers in September due to strikes by workers at their major ports. Oil production and supply continued normally until last June, but since then output has taken a nose dive, driving upContinue Reading

Ramadan 2013 to Begin on Wednesday

Faithful Muslims in Jordan, Saudi Arabia, Egypt, the UAE and many other locations, will begin observing the holy month of Ramadan beginning on Wednesday, July 10, 2013, according to the moon sighting committee of the UAE. The Mufti of Committees for Legitimacy and Scientific Fatwa, Sheikh Shawki Allam of Egypt, announced officially that Wednesday isContinue Reading