Main headlines

January 25, 2015

Kuwait’s government has announced that it will launch a crackdown on illegal residents, which is expected to lead to the arrest of more than 100,000 residents currently living in the country.
04:55 GMT

The crackdown will be the largest operation ever, conducted by the authorities in Kuwait, an official said.

January 24, 2015

King Abdullah bin Abdulaziz died early on Friday and his brother Salman became king of the world's top oil exporter.
15:28 GMT

Oil prices rose on Friday after the death of Saudi Arabia's King Abdullah added more uncertainty to an oil market that has more than halved over the last six months.

"What is happening now is Kingdom policy, not just the King's policy," said analyst Yasser Elguindi of Medley Global Advisors
10:59 GMT

Saudi Arabia's new King Salman was quick to keep veteran oil minister Ali al-Naimi on Friday in a message aimed at calming a jittery energy market mindful of Naimi's powerful role.

January 22, 2015

Oil prices are unlikely to fall further after a plunge of nearly 60 percent since June,
17:43 GMT

“Our estimate is that the prices have reached the bottom. It is very difficult to drop lower than this,” Abdul Mahdi told a conference in Kuwait.

He blamed the private sector for employing unskilled expatriates just because they are cheap hands.
17:40 GMT

About 2.5 million expatriates are either illiterate or have little or no education at all, Makkah Arabic daily reported on Wednesday.

Although this figure is relatively higher that the global average of 37 per cent of CEOs, it has declined from the massive 69 per cent in the previous survey.
17:32 GMT

Almost 44 per cent of CEOs in the Middle East said that they are ‘very confident’ that their company’s revenues will grow in the next 12 months,

The two countries will jointly establish the industrial park,
06:54 GMT

Iran has entered into two partnerships with Chinese authorities in a move to set up an industrial park in the southern port city of Jask as well as expand cooperation in the agricultural sector, according to reports.

The two associations have already identified the 200 families and have selected them based on how urgent their situation is.
04:55 GMT

Hundreds of low-income Emirati families caught up in debt or unable to sustain their needs will be given new accommodation and have their needs addressed.

The losses are likely to reach 21 percentage points of gross domestic product (GDP) in the countries of the Gulf Cooperation Council,
04:55 GMT

Losses from lower oil exports should sap up to $300 billion from economies of the Gulf Cooperation Council, the International Monetary Fund said on Wednesday.

January 21, 2015

Iraq and Turkey have agreed to build a new natural gas pipeline
21:36 GMT

Iraq and Turkey have agreed to build a new natural gas pipeline, technical analysis on which will commence soon, a report said

The deal was awarded by the Hanwha Engineering and Construction
21:24 GMT

Alderley, a leading engineering company operating in the oil, gas, petrochemical and water industry, has won a contract to supply nine oil metering systems and small volume provers for a project in Saudi Arabia

The ambition was to save more crude oil for export.
15:00 GMT

Saudi Arabia is delaying by eight years its target of completing a clean-energy program that includes a $109 billion solar power project.

Bahrain EXPO 2015
13:53 GMT

Organisers said the show has grown by four percent this year and was filled to capacity.

The price of OPEC's basket of twelve crudes stood at US$43.04 a barrel on Tuesday
13:28 GMT

The price of OPEC's basket of twelve crudes stood at US$43.04 a barrel on Tuesday, compared with US$43.87 a barrel the previous day, according to OPEC Secretariat calculations.

Emirates Airline was the UAE’s most positively perceived home-grown brand in 2014.
12:58 GMT

Emirates was the UAE’s most positively perceived home-grown brand in 2014, according to a YouGov ranking.