Main headlines

July 7, 2013

The Saudi stock exchange (Source: AFP file photo)
08:07 GMT

The market capitalization of eight real estate companies listed on Saudi stock market (Tadawul) is estimated at SR 74 billion ($19.73 billion)

Symbol created in the 1930s by the British advisor to the King of Bahrain (then emir) -- updated, with five white "valleys" representing the five pilars of Islam (Source: Wikimedia commons)
07:34 GMT

A luxury apartment development sells out in in only three days, boding well for Bahraini real estate

July 4, 2013

A total of seven airways now currently exist and have already showed a positive impact on the safety and efficiency of air traffic in the region
14:08 GMT

Bahrain and the United Arab Emirates’ Flight Information Regions has resulted in a capacity increase of more than 40%.

Trading on Egypt's Stock Exchange was suspended after President Mursi was ousted by the army
13:53 GMT

The Egyptian stock market suspended trading minutes after the opening on Thursday, after the main index leapt 6.4 percent on hopes for economic and political stability after Wednesday's takeover of the country by the army.

The bilateral trade between India and UAE stood at $180 million per annum in the 1970s but today it is close to $75 billion
06:37 GMT

Top officials from the UAE Ministry of Finance will hold bilateral investment promotion agreement (BIPA) discussions with its Indian counterparts.

Saudi Arabia will present a national policy statement on renewable and nuclear power generation later this year
06:01 GMT

Saudi Arabia started a program to assess its potential for generating renewable energy, part of an effort to lure $109 billion for building a solar industry that will free up more of its crude oil for export.

Solar energy will be the main topic of discussion among industry leaders in the region at the GulfSol 2013 summit
05:55 GMT

The GCC region is well on its way to becoming one of the world’s major green energy producers, with solar energy likely to account for a large share of its power generation by 2017.

July 3, 2013

Photo for illustrative purposes (Source: Wikimedia)
11:06 GMT

The number one oil exporter in the world establishes 70 centers for green energy, such as solar, wind, waste-conversion, and geothermal

Azadi Tower, Tehran (Source: Wikimedia/Nima Moghaddam)
10:36 GMT

As sanctions choke the Iranian economy, human capital is exported

Zabeel Park, Dubai (Source: Wikimedia/Ranjit Laxman)
10:02 GMT

Non-oil producing private sector companies in the UAE reported increased output and new order levels in June, a purchasing managers’ survey showed on Tuesday.

Empty tables are seen in a restaurant on the Beirut's corniche, with a sea view of the capital's landmark Pigeon's Rock, which was once crowded by tourists mainly from the Gulf states at this time of the year (Source: AFP/JOSEPH EID)
09:40 GMT

Political unrest stalls the Lebanese market, which has not contracted since 1989

Chef Middle East serves over 1,000 customers in the UAE, Qatar, and Oman. (Photo source: promotional website)
07:01 GMT

Abu Dhabi’s leading investment firm Gulf Capital has acquired Chef Middle East, an importer and distributor of specialty and fine food products.

GCC banks has returned to pre-crisis levels in all markets
06:41 GMT

Banks in the GCC are surging ahead, with their corporate banking division showing impressive performance, a report released recently said.

July 2, 2013

(Promotional photograph)
10:36 GMT

The Zoom has 16MP CMOS Sensor, OIS and Xenon Flash with the very latest Samsung Galaxy S4 technology

A.T. Kearney FDICI is a regular measure of senior executive sentiment at the world's largest companies (Photo Source: Wikimedia/Continentalis)
08:59 GMT

According to this year's A.T. Kearney Global Foreign Direct Investment Confidence Index, the playing field is becoming leveled between developing and developed nations.