Main headlines

September 17, 2013

Uganda, South Sudan and Kenya "possibly" within this year will create a joint company to construct and maintain the oil pipeline
12:10 GMT

A Japanese firm is set to lay down 2,000 kilometres of pipeline for oil exports from South Sudan and Uganda via Kenya.

Qatar shows a high degree of investor confidence
11:28 GMT

AN overwhelming majority of 93 percent respondents rated current business conditions in Qatar's oil and gas sector as positive, and 86 percent believe that conditions will remain positive in the next 12 months.

State debt is now around 140 percent of GDP, a figure which had fallen in the years of fast growth but which could increase again.
09:18 GMT

Lebanon’s central bank plans a further boost next year to an economy hit by war in neighboring Syria and domestic turmoil, but the package will be smaller than this year’s $1.46 billion, its governor said Monday.

Yinchuan had the only certified centre for Halal food in China.
09:08 GMT

Let us join your petro dollars with our trade dollars," Shi Haohua, a senior official at the Bonded Zone.

However, expectations for the future are high in the region with almost half of the survey’s respondents expecting their personal financial situation to improve in six months (Pictured: an empty shopping scene in Beirut).
07:09 GMT

Some 60 percent of Lebanese say that their savings decreased over the past year while eight out of 10 people report their personal financial situation worsened or remained the same, a survey published Sunday has suggested.

The IRISL, which carries an estimated one third of the country's dry bulk and container seaborne trade, faced European Union sanctions for its alleged role in smuggling banned weapons.
05:55 GMT

The European Court of Justice has annulled sanctions imposed by the European Union against the Islamic Republic of Iran Shipping Lines (IRISL), the IRISL managing director announced on Monday.

September 16, 2013

Data for the quarterly Consumer Confidence Index survey (September 2013) was collected online from July 28-August 15 2013.
13:33 GMT

Respondents to are mostly positive that their personal financial situation will improve within the next six months.

Nourah urged the Ministry of Labor and local chambers of commerce to facilitate procedures for Saudi women and help them to set up their own businesses.
12:23 GMT

A young Saudi woman is making waves in the restaurant industry with a business that makes SR200,000 a month.

The arbitration proceeding has been commenced in the International Court of Arbitration of the International Chamber of Commerce, Paris, said a statement from Depa.
11:40 GMT

Lindner Depa Interiors (LDI) today announced that it has filed a Dh900 million ($250 million) international arbitration claim against the New Doha International Airport (NDIA).

The SAR353 million ($94 million) contract has been awarded to construct a 150 metre high, luxury serviced apartments tower in the strip on King Fahad road whose interiors will be designed by Italian fashion house Fendi.
11:13 GMT

Damac Properties announced that it has awarded the main construction contract for its Riyadh project, Damac Esclusiva Luxury Serviced Apartments to construction company Haramain Gate.

Sunday’s surge came amid report that investment by Gulf states in the UAE stock market surged almost 40 per cent in 2012 to $2 billion in shares.
10:07 GMT

The benchmark DFM General Index, which had been on a consistent slide over the past several weeks since reaching a five-year high on August 2 reached the highest in almost three weeks.

Twitter has filed for an initial public offer of shares with U.S. regulators, the company said Thursday, taking a first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc.’s listing last year.
09:24 GMT

“With the 300 million customers they have and half a billion tweets a day, the growth potential is tremendous,” Alwaleed said.

“Despite ongoing economic and geopolitical uncertainties, the world’s ultra wealthy population reached an all-time high of 199,235 individuals with a combined fortune of nearly $28 trillion in 2013."
08:51 GMT

About 5,300 rich people in the Middle East have a wealth of $880 billion, but which country has the lion's share of billionaires?

The development has been conceptualised to host 15,000 residential units including 2,500 townhouses and villas as per the current master plan.
07:33 GMT

The approximately 2.5 million sq m mixed-use community will take shape about 14.5 km from the Baghdad city centre.

Furthermore, the survey reveals employees are staying in their jobs for a longer period, resulting in a greater percent being eligible for higher EoSB payout.
07:17 GMT

80 percent of the total firms surveyed plan to increase their headcount over the next three years, with over a third (34 per cent) expecting double digit growth.