Main headlines

July 23, 2014

The department store will be the largest in the GCC region (Image: Aldar Properties)
10:19 GMT

Aldar Properties will join forces with Chalhoub Group to create the regions biggest department store in Abu Dhabi's Yas Mall.

The luxury hotel chain will open a branch in Dubai's Jumeirah Beach later this year (File)
09:30 GMT

Four Seasons Resort at Jumeirah Beach is aiming to open on December 1, the hotel chain announced.

Over 300 investors from across the globe visited Damac venues across the UAE (File)
08:38 GMT

Leading housing developer Damac Properties announced that all units from the luxury Loretto project sold out in one evening.

Economists hope the announcement will diversify Saudi Arabia's stock market (File/AFP)
08:21 GMT

Investors have welcomed a Saudi Cabinet decision to allow direct foreign investment in the country's stock market, with the move being seen as an attempt to diversify the economy away from oil.

 The new restaurant offers a fast casual dining experience from its build your own wraps, to its locally sourced salads and indulgent desserts
03:55 GMT

Just T Falafel, the number 1 Falafel franchise in the world, opens another chapter in its Australian expansion by opening its doors in the country’s largest railway station.

These included a number of petrochemical projects and research initiatives for the exploration of mineral wealth.
03:38 GMT

Egypt has proposed three petrochemical projects to the UAE for a total investment of $540m, according to a senior official at the Ministry of Petroleum.

July 22, 2014

Egypt is finalising the details of a long-awaited unified licence which will allow firms to offer both mobile and landline telecommunications.
16:22 GMT

Vodafone Egypt, which is also 45 per cent owned by fixed-line telecoms firm Telecom Egypt, is the leading communications player by customer numbers in the country of 86 million.

On April 20, Jahangiri said that Iran’s unemployment rate had reached a critical level.
05:55 GMT

Iran must create 8.5 million new jobs in the next two years.

 Major global stock markets fell and bond prices ralliedas worries over conflict in the Gaza Strip and Ukraine raised uncertainty for investors and kept them away from riskier assets.
04:55 GMT

Shocks to the system from Ukraine and Israel’s ground invasion of Gaza come at a time when markets have been worried about economic growth on both sides of the Atlantic and digesting second-quarter earnings reports.

The regulations also illustrated that maximum wages will be applied on administrative authorities that belong to the state, economic bodies and holding companies.
04:55 GMT

Debate over the maximum has been ongoing for the past several years with speculations on the exclusion of several sectors riding during the past several months.

July 21, 2014

In the long-term, the project will see parks have playing equipment installed for children with special-needs.
21:28 GMT

Dubai Municipality has announced plans to make parks in the emirate more disabled-friendly by 2016.

The report states that the electricity tariff in Saudi Arabia is the lowest in the world because of governmental loans and support to electricity production companies through supporting fuel prices.
21:04 GMT

Saudis pay the cheapest electricity bills, according to one report, but seemingly not for long.

“Saudi businessmen who visit Jordan for investment and trade often fall victim to fraud,” he explained, adding: “We strongly advise our citizens to seek legal consultation here in the embassy free of charge.”
15:10 GMT

“Houses and farms are still being maintained and have been registered via official documents since the Saudi Embassy had been established in Damascus,” he said.

Other powerhouses in Dubai also crashed.
04:55 GMT

Arabtec was suspended from trade on Thursday due to ambiguity on share ownership by Aabar Investments.

The number of jobless Jordanians is expected to reach 400,000 in 2030 if the unemployment rate continues at its last year’s rate of 12.6 per cent
04:55 GMT

The official figures showed that unemployment among males who hold a bachelor’s degree or higher reached 20.8 per cent, while among university graduate females it was nearly 82 per cent.