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Kuwait relies on imports for the majority of its food needs and depends on the narrow shipping lane of the Strait of Hormuz for imported food supplies.
March 30, 2015 - 13:38 GMT
Kuwait said on Friday that its strategic food stocks were at their highest level, in a message designed to reassure citizens after it joined a Saudi-led military operation in Yemen.
The UAE was the third largest Islamic banking market by value after Saudi Arabia and Malaysia, the report said.
March 30, 2015 - 13:18 GMT
In 2014, sharia complaint assets in the UAE crossed $1 billion while the industry itself was estimated to be worth $127 billion.
Dubai-based airline Emirates has announced a change in its cockpit regulations following the fatal crash of a Germanwings flight last week.
March 30, 2015 - 13:06 GMT
The change in rules comes as a Germanwings airline was crashed deliberately into the French Alps by the plane’s co pilot, after locking out the flight’s captain.
The court found that Moshe Talansky gave Olmert $153,000 in envelopes.
March 30, 2015 - 12:07 GMT
The maximum penalty for offences of fraud and breach of trust is three years imprisonment, and the maximum penalty for fraudulent receiving is five years.
Any relaxation of Iran oil sanctions could see increased exports adding to swelling global supplies and further pressuring prices.
March 30, 2015 - 09:22 GMT
Oil prices fell on Monday as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.
Oman Air, the flag carrier of the Sultanate, said its total revenue rose four per cent to RO398.3 million ($1.03 billion) in 2014 when compared to the same period a year ago.
March 30, 2015 - 06:26 GMT
Oman Air, the flag carrier of the Sultanate, has ordered 20 Boeing 737 aircraft as part of a plan to double its fleet to 70 planes by 2020.
French-US oil services giant Schlumberger Ltd. was fined $232.7 million by the Justice Department Wednesday for violating sanctions on Iran and Sudan.
March 29, 2015 - 16:27 GMT
According to the charges, the company's Texas-based drilling and measurements unit provided services to Iran and Sudan between 2004 and 2010 and tried to hide the fact from authorities.
The project has stoked controversy over the Israeli cable car's planned route, which passes through parts of mostly Arab east Jerusalem.
March 29, 2015 - 14:21 GMT
"To avoid any political interpretation, Suez Environnement has decided not to take part in this project," it said.
The stadium advertisements, which will appear during the matches of the league’s quarter-finals onwards, will show Europeans promotional material of tourism sites in Jordan for the first time
March 29, 2015 - 06:55 GMT
Millions of football fans watching the UEFA Champions League will see advertisements of Jordan’s golden triangle of tourism: Aqaba, Petra and Wadi Rum, an official said on Thursday.
Al-Madaj become the second cabinet minister to quit this month after facing public criticism.
March 29, 2015 - 05:55 GMT
Local media says a member of parliament had demanded to question the minister in parliament for allegedly failing to protect the rights of small shareholders.
Saudi Arabia’s main index tumbled 5.0 per cent on Wednesday amid reports that the kingdom was amassing troops and military equipment on its border with Yemen.
March 29, 2015 - 05:55 GMT
Gulf stock markets fell sharply in early trade on Thursday after Saudi Arabia and its allies in the region launched air strikes in Yemen, escalating the military conflict there.