Main headlines

July 29, 2013

Jordan is no longer a country where it is feasible for mobile manufacturers to open regional offices to reach regional markets
11:55 GMT

Mobile phone distributors and importers said Sunday that mobile imports dropped from $10 million per week to $1 million following the government’s increase of taxes imposed on cellular phones.

Long-term maturity period loan carries a low interest rate than other international financial institutions
10:55 GMT

Jordan and the World Bank on Sunday signed a $150 million loan agreement to assist the Kingdom with the economic burdens put upon it by hosting hundreds of thousands of Syrian refugees.

Saudi Agriculture 2013 will be held with the support of the Ministry of Agriculture and is accredited by UFI
09:55 GMT

Saudi Arabia’s agriculture and food sectors are expected to sustain a combined annual growth of 18.5 percent, driven by a rising population and strong consumer spending.

The occupancy rate of hotels in Qatar rose 67 percent during the second quarter of this year
08:55 GMT

Qatar Tourism Authority announced that the tourism sector has realized a strong growth during the second quarter of this year compared to the corresponding period of the previous year.

It needs at least 140 days to ensure safe shutdown and not the 60 days stipulated by Khartoum last June
06:51 GMT

Sudan's oil ministry has officially informed oil companies that the deadline for stopping flow of South Sudan's oil through its territories has been delayed until August 22.

Iran plans to establish 40 gas storage facilities in the coming years
06:39 GMT

Iran has built a new natural gas storage facility with a capacity to store 4.6 billion cubic meters of gas, the National Iranian Gas Company managing director stated.

July 28, 2013

The election to pick OPEC’s secretary general is scheduled to be held in Vienna on December 4, with Iran, Iraq and Saudi Arabia vying for the post
14:55 GMT

An Iranian lawmaker says chances are high for the Islamic Republic to assume the presidency of the Organization of the Petroleum Exporting Countries.

The leisure market remains the leading sector, contributing over 40 per cent of occupancy of the total room nights in hotels
13:55 GMT

Dubai is one of the top 10 destinations in the world in terms of travel and tourism for those coming for leisure, business or shopping purposes, revealed Genesis Consulting ME.

The Islamic Republic of Iran guarantees transferring millions of barrels of oil from the Persian Gulf and the Strait of Hormuz
12:23 GMT

Iran plays an undeniably key role in global energy security.

The action plan should focus on proposals regarding times of low hotel occupancy
11:55 GMT

Acting Assistant Undersecretary for Tourism Shaikh Khalid bin Hmood Al Khalifa chaired at the Bab Al Bahrain the tourism partners’ first meeting.

Products are directly related to real estate and we see real estate sector is getting back to the track
10:55 GMT

The increasing demand for steel in the UAE market will boost the industry by 25 per cent in 2013, Bharat Bhatia, the CEO and founder of Conares, a leading steel company, told Gulf News in a interview.

Total public revenue fell 1.5 per cent during the five-month period to RO6bn from RO6.1bn in the same period last year
10:10 GMT

Oman posted a budget deficit of RO110.4mn for the first five months of 2013 against a surplus of RO1.58mn in the corresponding period of last yearز

New regulations to appoint legal banking experts
09:42 GMT

The UAE Banks Federation has succeeded in laying down the regulations of appointing legal banking experts.

Over 66 per cent of all registered employees received less than RO300 per month
09:28 GMT

More than 100,000 private sector employees will soon receive RO325 as minimum salary for the month of July.

July 25, 2013

Sudan's oil was the driver of the economy and source for dollars needed for imports
15:55 GMT

Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil flows in a row over alleged support for rebels, dealers said.