Main headlines

September 14, 2014

Since Dubai's 2009 financial crisis, Emaar's retailing business has benefited from a strong rebound in the emirate's economy on the back of a tourism and trade boom.
21:24 GMT

Dubai's Emaar Properties is seeking to raise as much as Dh5.8 billion ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008.


Analysts polled by Reuters in April forecast average inflation in the UAE would accelerate to 1.9 per cent in 2014 and 2.5 per cent in 2015 from 1.1 per cent in 2013, which was the highest level since 2009
14:34 GMT

The housing and utility costs, which account for almost 44 per cent of consumer expenses, jumped 6.2 per cent year-on-year and 0.4 per cent month-on-month in August.

Apple is selling out of its stock even after customers took to Twitter to complain of difficulties loading the website to place pre-orders on Friday morning.
04:55 GMT

Suppliers to Apple were scrambling to get enough screens ready for the new iPhones as the need to redesign a key component disrupted panel production, supply chain sources told Reuters last month.

Retail sales climbed 11.9 percent, lagging forecasts of 12.1 percent and slowing from 12.2 percent in July, the National Bureau of Statistics said.
04:55 GMT

This marks the lowest reading since December 2008 when the economy was buffeted by the global financial crisis.

September 12, 2014

“The facility produced one pirated CD every five seconds. This is one of the largest raids conducted by the library in cooperation with the Criminal Investigation Department,” he added.
20:09 GMT

“The facility produced one pirated CD every five seconds. This is one of the largest raids conducted by the library in cooperation with the Criminal Investigation Department,” he added

September 11, 2014

Abdel Nour said the government has begun taking concrete steps to address the current energy crisis in Egypt.
22:49 GMT

This came during an expanded meeting held by Abdel Nour with a delegation from the US State Department.

Christina Warren, senior tech analyst at Mashable, said: "The iPod classic is finally dead. RIP little iPod. You remade Apple, changed the way we listen to music, and are one of my top five gadgets."
21:55 GMT

There was no announcement, no solemn ceremony to mark its passing, but Apple has finally killed off its longest-serving gadget, the iPod Classic, just seven years after it was launched.

Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
14:47 GMT

"The recent slowdown in demand growth is nothing short of remarkable," the International Energy Agency (IEA) said in a monthly report, cutting its oil demand growth projections for 2014 and 2015.

Ranked among the world's busiest airports for international travellers, Dubai International has established itself as a major stop on routes between the West and Asia and Australasia.
04:55 GMT

Dubai has relaunched an ambitious project to develop its second airport, touted originally as the world's largest, to handle 120 million passengers a year, its airports chief said Monday.

"It's become obvious that workplace safety is a vital issue. A plan of action will be put together and unveiled," Arinc, who is also the government spokesman, told reporters.
04:55 GMT

A decade of rapid growth has fuelled a construction boom in Turkey but worker safety standards have failed to keep pace

“Saudi Arabia has already shown strong interest in strengthening its green building presence."
04:55 GMT

International experts expect to see more organizations in Saudi Arabia take action to make existing buildings more efficient.

"Importing natural gas from Cyprus is very feasible for Jordan as Cyprus has a very good reserve of natural gas that can contribute to meeting Jordan's needs of gas," he added.
01:01 GMT

"Jordan is keen to diversify its sources of natural gas supply...We held several talks over the past few months with Cyprus and these are very fruitful and encouraging," said Hamed.

September 10, 2014

The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt.
16:31 GMT

Sufficient aid will be available to Egypt through external bilateral assistance from the Gulf Cooperation Council (GCC), according to a Thursday report by the Bank of America Merrill Lynch.

 A consortium of international fragrance retailers has launched the International Group of Luxury Fragrances in Saudi Arabia.
16:20 GMT

The Group is dedicated to enriching the olfactory experience with a deeper understanding of international fragrances.

Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.
16:12 GMT

Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.