July 15, 2013
The Tadawul All-Share Index reflecting typical trough-peak combination continued inching its way higher to end yesterday’s trading in the green at 7,744.16 points, up 53.78 points or 0.70 percent from the previous level.
Qatar has now become the world’s largest exporter and second largest producer of liquid helium with the launch of production at the new plant of RasGas Company, said the country’s energy minister.
Iran has agreed to barter wheat worth $9 million from Pakistan in relation to Pakistan's debts for electricity supplied by Iran.
Power cuts in Bahrain during summer have been significantly decreased in the last three years, said a senior government official.
Kuwait has sent two oil tankers carrying crude and diesel worth $200 million to Egypt.
Consumer price inflation in Abu Dhabi and across the UAE is low and well under control, Dr Hashem Al Nuaimi, Director of Customer Protection Department at the Ministry of Economy said yesterday.
July 14, 2013
Experts predict that mobile banking in the Middle East and Africa will jump from 19,8 million to 82,1 million users by 2017.
Online hotel bookings are steadily gaining popularity in the Middle East as more consumers in the region use the internet to search for their rooms.
Experts are studying plans to establish railway tracks parallel to the King Fahad Causeway as part of the $10 billion GCC rail link.
Egypt’s deteriorating economy was believed to be among the main reasons behind January 25, 2011 revolution which ousted former president Hosni Mubarak.
Union Petroleum and Natural gas Minister Veerappa Moily has said that Iraq has offered three discovered oilfields to India on nomination basis and agreed to renegotiate an oil block that has been pending since 2000.
The UAE’s average June oil output was unchanged from May at 2.73 million barrels per day, latest data from the Paris-based International Energy Agency showed.
The construction at the Mohammed bin Rashid Al Maktoum Solar Park project at Seih Al Dahal is in progress and going on schedule.
July 11, 2013
The Turkish operator of an electricity-producing barge assumes the responsibility for a monthlong stoppage in power production and urged the Lebanese state to seek compensation for the breach of the agreement terms.
The Customs Department said yesterday that it made SR 22.25 billion in revenues last year, 13.5 percent more than the revenue of 2011.