Main headlines

June 5, 2014

The ministry has warned that violators of the ban will be fined Dhs15,000 if they are found forcing labourers to work under direct sunlight.
03:55 GMT

Workers will be restricted from carrying out any work under direct sunlight from 12.30 pm to 3pm during this period

June 4, 2014

The fund forms a radical solution for the financial decline that the tourism sector has experienced over the past 20 years, which worsened sharply throughout the past 3 years.
20:03 GMT

The federation established the fund at a minimum value of $1bn in its first phase, which will increase to $5bn throughout coming phases.

“Jordan was importing 60% of its needs from Syria, but this has now stopped because of the unrest in Syria,” added Abdullah.
10:46 GMT

Commercial shipping lines between Egypt and Jordan are not sufficient for developing and increasing the volume of commercial trade, said Mohammad Abdullah.

“Now we’re updating our 10-year business plan and amending our route structure fleet,” Al Majali said.
03:55 GMT

Former chief executive executive, Amer Hadidi, stepped down in April after losses continued to hurt the airline, said Al Majali.

June 3, 2014

LinkedIn was also able to track the leading source countries for talent coming into the UAE and the countries to which talent was migrating, as well as the UAE industry sectors that gained the most
17:48 GMT

The UAE has attracted more professional talent as a percentage of its workforce than countries such as Canada, Brazil, Switzerland, Saudi Arabia, South Africa, India, Singapore and Australia.

The report said that support from the GCC has allowed the government to put off “difficult choices” and operate in with a “muddle through” fiscal strategy until the first half of 2015.
17:37 GMT

Egypt’s fiscal deficit is set to “remain firmly in double digits” with inflation easing in 2014, a Citibank report published in May has said.

He said the ministry has approved 53 companies providing Haj services at reduced rates out of 116 which applied for accreditation. “
13:56 GMT

The Haj Ministry has asked Saudis and expatriates wishing to perform low-cost Haj this year to register their names at its website, which has been created specially for this purpose.

“The UAE is known for setting new benchmarks in various fields and creating exemplary standards that are being emulated across the region."
13:20 GMT

This was among the few demonstrations worldwide, where a government-issued identity card has been used to enable financial transactions.

The documentation of the facility from BLME has been finalised, with the closing and initial drawdown having been successfully concluded.
13:07 GMT

BLME has concluded a $15 million senior secured facility for Virgin Mobile Middle East & Africa (VMMEA), the regional MVNO group rolling out Virgin Mobile across the Middle East & Africa region.

South Sudan's oil is exported through Sudanese pipelines and this generates revenues
11:21 GMT

A total of $3.5 billion was realised by South Sudan from its crude oil sales between June 2013 and May this year, the country's petroleum and mining ministry announced.

Lebanon’s gross domestic product dropped 2.9 percent annually between 2012 and 2014
11:07 GMT

The conflict in Syria has cost Lebanon $7.5 billion as it struggles to cope with hosting more than a million refugees from the neighboring country

In the 12 months to end March, the city recorded increases of 27.7 per cent, with the second-half of 2013 seeing the sharpest gains
10:58 GMT

Dubai’s home prices were up only 3.4 per cent in the first quarter, but enough to continue to top the global rankings with the highest growth in residential property values for a fourth straight quarter.

The International Monetary Fund warned Bahrain last year that the Kingdom needed to reform its public finances in the medium term to avoid its debt burden becoming unsustainable.
03:55 GMT

The small oil exporter faces tough choices between boosting state expenditure to sooth simmering political unrest and keeping its fragile public finances sustainable.

“The two countries have a lot in common, such as religion, neighborliness, history, and culture,” he stated, adding that these factors can help catalyze their economic relations.
03:55 GMT

“Bilateral trade stands at just $150 million, which is far below the expectations of both nations,” Al-Madaj told the Kuwait News Agency.

June 2, 2014

The six month Dubai World Expo event is expected to attract 25 million visitors and be a key driver for tourism, with other emirates also set to benefit.
22:07 GMT

The six month Dubai World Expo event is expected to attract 25 million visitors and be a key driver for tourism, with other emirates also set to benefit, the company said.