Main headlines

September 12, 2013

Pictured: the Iraqi invasion of Kuwait in 1990, which Iraq's new government is still paying the price for.
09:48 GMT

Iraq is keen on thrashing out remaining issues with Kuwait "and closing the file of the compensations," Zebari was quoted as saying

he King stressed the need to boost foreign investments in Jordan by implementing mega-projects concerned with securing energy and water security, according to a Royal Court statement.
09:43 GMT

“I am fully aware of Jordanians’ difficult economic conditions and that requires ministers to go to the files and solve citizens’ woes,” the Monarch said.

The 17-sq m lounge is designed to offer guests a comfortable environment to relax while they wait for their luggage.
09:12 GMT

General manager Livio Faverio said, From the moment our guests walk off the airplane and until they arrive safely at Four Seasons Hotel Amman, they will receive the same level of five-star service they are used to receiving at any of our hotels the world over.

5C has the same body, same processor and same retina display as the iPhone 5, and the only difference is the polycarbonate shell instead of the metal shell on iPhone 5.
08:18 GMT

It looks like Apple is targeting the mid-range segment with 5C rather than the low-end segment as Samsung is very strong in the mid-range segment.

“Total cash holdings will probably fall further from their 2012 post-global financial crisis high, but this will be due to companies using the cash for debt repayments," says Fitch.
07:42 GMT

Aggregate free cash flow among EMEA corporates should turn positive in 2014 as revenue and margin figures also show modest improvement, Fitch Ratings says.

September 11, 2013

The staff has been radically downsized from 180 in 2011 to just 36 who remain, said Dr White.
13:49 GMT

NYIT made the decision to close down because it was unable to sustain itself without admitting new students, as it still had to pay staff salaries and rent.

Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds
13:03 GMT

Qatar agreed to convert a $2 billion deposit with Egypt’s central bank into bonds within a week, Youm 7 quoted central bank governor Hisham Ramez as saying.

Jadawel used the projected income to secure a $900 million syndicated loan from Barclays and other lenders in 2001.
13:02 GMT

According to the Financial Times, the businessman alleges that Barclays actions “amounted to . . . bribery”.

Expansion of the Red and Green lines will be completed by 2020 (Photo credit: Getty images).
12:02 GMT

For anyone who lives in these areas, the advent of the Metro will be a boon.

Among the participating GCC organizations, UAE-based companies predicted the lowest salary increase at 5 percent
11:28 GMT

Companies across Saudi Arabia are predicting an average salary increase of 6 percent in 2014, a slight increase on last year’s forecast of 5.8 percent, indicating a rise in confidence in the country’s economic outlook and a burgeoning business environment.

The Syrian crisis had roiled the markets, with Dubai witnessing a decline of 7.9 per cent this month until yesterday’s surge
09:50 GMT

The positive news about Syria and its implications for the region was the key driver for the markets today, said Amer Khan, director at Shuaa Asset Management.

Japan’s exports to the UAE stood at $4.06 billion during January-June period of 2013
08:39 GMT

The value of Japan trade with the UAE dropped by 8.8 per cent to $24.8 billion (Dh91 billion) during the first six months of 2013 compared to $27.2 billion during the same period in 2012.

September 10, 2013

The bank will cut nearly 80 jobs at its bancassurance division and about 120 jobs at its credit card business, Reuters quoted one banking source familiar with the plan as saying.
14:17 GMT

.First Gulf Bank (FGB) is reportedly cutting around 10 per cent of its workforce as part of a restructuring, according to sources cited by Reuters


Tatham said the Arab Spring and tougher European tax regimes had led to an increase in property investment by expatriates.
14:11 GMT

Along with Dubai being seen as a safe location for investment by Arab Spring investors it was also becoming the ideal location for Saudi, Kuwaiti, and Qatari investors looking to buy a second home

Apple is going in the right direction with a cheaper version which is suited for markets like China, India, Middle East and Africa.
13:07 GMT

Apple’s mid-range 5C could be a market beater and able to compete with other brands in price bracket.