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
Author Archives: Salem Muhammod
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
Foreigners First on Chopping Block as Middle East Cuts Bankers Jobs
Oil prices plunging below the $30 a barrel mark has sent many oil companies reeling, as well the banking industry, which is critically supported with oil money. According to financial recruiters and Bloomberg analysts, over 1,500 banking jobs have already been cut, with more layoffs on the horizon. Many of these firings have happened at… 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