Main headlines

August 19, 2014

Qatargas and CNOOC have an existing sales agreement signed in 2008 to supply a total of 2 million tonnes per annum (MTA) of LNG.
00:56 GMT

Qatargas is the world's largest LNG producing company with a production capacity of 42 MTA.

“This is urgent: ISIS is now selling its oil, but the Kurds are not allowed to sell their oil,” an unnamed Turkish official told the Financial Times.
00:51 GMT

Turkey has requested that the United States remove barriers regarding the purchase of oil coming from Iraqi Kurdistan

August 18, 2014

The Center for International Maritime Security said the Suez Canal has long been a point of contention and the situation is unlikely to improve anytime soon.
20:46 GMT

Promises by Chinese president Xi Jinping to build a “Silk Road” and the Red Med project proposed by Benjamin Netanyahu were renewed this year, raising concerns about negative implications on the Suez Canal.

Lagging behind the Saudis, Qatari citizens captured 23 percent of the GCC property investments in Dubai, followed by the Kuwaitis (13 percent), the Omanis (7 percent) and the Bahrainis (4 percent)
11:26 GMT

Citizens of the UAE captured the highest portion of property investments in Dubai valued at more than AED12.5 billion ($3.5), the DLD report said.

The upcoming tripartite talks between Egypt, Ethiopia and Sudan were initially planned to take place in Cairo but were later moved to Khartoum.
11:19 GMT

"Egypt has a new vision, that will not affect Egypt's water share, and we are expecting that the other party responds to it," said El-Moghazi.

But taking into account the depreciation of the Syrian pound against the U.S. dollar, the results show a steeper decline of nearly 77 percent.
04:55 GMT

The combined net profits of six out of seven Lebanese banks operating in Syria dropped 54 percent in the first half of 2014.

The Saudi woman should be the sole breadwinner for the family and not her husband. In the second case,
04:55 GMT

The housing crisis in Saudi Arabia is considered to be one of the biggest problems in society as over 70 percent of Saudi nationals do not own their own homes.

Apple is still allowing use of the two chemicals during the early production phases of its products — activities that primarily take place at hundreds of other factories besides the ones responsible for the final assembly of the devices.
04:55 GMT

Benzene is a carcinogen that can cause leukemia if not handled properly and n-hexane has been linked to nerve damage

August 17, 2014

Imports of goods and services fell 0.1% in the first half of 2014, after rising 6.7% in the second half of 2013.
20:43 GMT

This is the slowest rate of growth since the recession in the first half of 2009 and follows growth of 2.8% in the first quarter of 2014.

The oil share of GDP remained however near its recent highs at 66 per cent (including refining).
20:31 GMT

The sector continued to recover from the 2008 crisis and its related weakness that lingered until 2010.

The inspectors conducted a comprehensive survey on the tea sales in Abu Dhabi.
20:18 GMT

The Abu Dhabi Food Control Authority (ADFCA) has confirmed the safety of Lipton tea products in Abu Dhabi markets, following the circulation of rumours through YouTube, alleging the existence of hallucination pills in the company’s products.

Suez Canal investment certificate yields will be paid to certificate-holders from annual revenues, after one year of drilling the canal, Governor of Central Bank of Egypt Hisham Ramez announced Friday.
19:35 GMT

The certificates, agreed upon by President Abdel Fattah Al-Sisi as a source of financing the new Suez Canal project, will be issued through public sector banks over a period of 5 years.

Gore, 66, and Joel Hyatt, another former Current TV owner, accused Al Jazeera American Holdings I Inc. of fraud and breach of contract.
11:23 GMT

Former U.S. Vice President Al Gore sued Al Jazeera, claiming the satellite news provider owned by the Qatari royal family owes him and a partner $65 million.

Jordan consumes about 500 million cubic feet of natural gas per day for production of electricity, the minister said.
11:02 GMT

Natural gas will be supplied to Jordan through the Arab Gas Pipeline, which is a natural gas pipeline that stretches from Egypt into Jordan and other neighbouring countries.

Jewelry remains the biggest component of gold demand, representing more than half of all demand at 510 tons.
04:55 GMT

Global jewelry demand, which represents more than half of total global demand, was unsurprisingly down 30 percent year-on-year to 510 tons.