Author Archives: Salem Muhammod

Qatar Investment Firm Launching Mega IPO

A huge initial public offering will be presented in May for a multi-billion dollar investment company which was begun by Qatar at the beginning of 2013. Shares will be on offer to individuals, local companies and institutions. At the beginning of the century Qatar launched three giant primary issues for its own citizens, businesses and…

Saudi Economy Booming According to SED and Outlook Report

The Saudi Economic Developments and Outlook Report sponsored by the National Commercial Bank states that the economy of Saudi Arabia has continued to grow apace, with a real GDP climbing to 6.8 percent annual growth. The expansion was due both to the oil and non-oil sectors. Per capita income rose to record levels, reaching SR…

Aspect Software Appoints Sanjay Gupta to Lead Asian and Middle East Efforts

In order to strengthen its reach to Asia and the Middle East, Aspect Software appointed Sanjay Gupta as managing director for India, Middle East and SAARC (South Asian Association for Regional Cooperation.) One of the world’s leading providers of customer contact and enterprise workforce optimization, Aspect would like to extend its reach more successfully into…

Zarsha Leo Coming to MENA

It has not been easy for Evan Burschkopf, CEO of Zarsha Leo, to get his trendy, upscale restaurant bar into the conservative countries of the Middle East, but he has finally succeeded. “It was hard work to convince the authorities that we would refrain from serving alcoholic beverages and only employ foreign nationals on the…

Salaries Rising in UAE

Base salaries for professionals in the technology and human resources field can expect an increase in their yearly compensation by about 5.3 percent in the coming year in the United Arab Emirates. This prediction was made by the Robert Half Middle East Company, a firm which specializes in job recruitment. Director of Robert Half, James…

Yemen Closes Main Crude Oil Pipeline After Bomb Attack

After saboteurs of unknown identity blew-up a main crude oil export pipeline in Yemen on Thursday, officials were forced to close it down. This is only the latest attack in what has become a regular event along the Maarib pipeline. Before the attacks began in 2010 the pipeline used to carry about 110,000 barrels per…

Ammar Acquires Egyptian TV Station

Tarak Ben Ammar, the media mogul who produced over 60 films in the past thirty years recently purchased an Egyptian TV network in a deal worth tens of millions of euros. Ben Amar stated that this is the first step in the creation of a pan-Arab media group. Ben Ammar, who owns the North African…

Helping New Immigrants Faced with Rocket Bombardment in Southern Israel

As rocket attacks escalate across Israel’s border with Hamas ruled Gaza, new immigrants to Israel face difficult challenges to their absorption into the general Israeli society. New immigrants from North America and other English speaking countries often find themselves having added stress that their native Israeli neighbors do not share, such as not having full…

Middle East Economic Recovery Prompting Private Equity Firms to Sell Assets

Signs of economic recovery are in the air as several private equity firms in the Middle East prepare to leave a variety of investment vehicles in the coming weeks and months, according to executives in the industry. After the economic challenge of the Arab Spring, compounded by the international financial crisis, investors now feel the…

Saudis Will Launch Two New Satellites in Next Three Years

Speaking at the Second Annual Saudi International Space and Aeronautics Technology Conference, Prince Turki bin Saud bin Mohammed, the KACST vice president for Research Institutes said that Saudi Arabia is planning on launching two satellites in 2013 and 2015 as part of the country’s space science development strategy. Prince Mohammed said that the SAUDISAT4 and…