Main headlines

July 21, 2014

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.

Tim Clark, president of Dubai’s Emirates, the world’s largest international airline by number of passengers, said domestic regulators worldwide may decide to be more involved in giving their carriers guidance on where it is safe to fly.
04:55 GMT

The head of one of the world’s largest airlines has called for an international meeting of carriers to agree a response to the downing of a Malaysian airliner,

FBME was originally established in Cyprus in 1982 as a subsidiary of the Federal Bank of Lebanon SAL.
03:18 GMT

“The Central Bank of Cyprus announces that, under the powers conferred to it by the relevant legislation, [it] has taken over, as of today, the management of the operations of the branch of FBME Bank Ltd. in Cyprus."

The report also stated that the ministry is finding it difficult to employ experienced expatriates due to the low salaries being offered to them.
03:00 GMT

The Ministry of Municipal and Rural Affairs has criticized the Saudization scheme of replacing expatriate employees with Saudi nationals, which has resulted in a shortage of experts in many positions.

July 20, 2014

Revenue generated through rents during the first half of the year increased by 39 per cent to Dh32.5 million, according to the company.
15:54 GMT

The Kuwait- and Dubai-listed company said the results were due to increased occupancy rates in recently completed residential developments and strong rental yields.

Dubai One will be re-launched on Sunday September 14, according to the statement on the DMI website.
15:23 GMT

Dubai One, the Dubai government-owned English-language television channel, confirmed on Friday it is no longer producing content locally.

He added that Africa was a very promising market for Sabic and the company was focusing on opening distribution centres in a number of African countries.
14:55 GMT

Sabic, which is 70 per cent state-owned, attributed the rise in profits to higher production and sales volumes as well as higher prices for products.

Shaikh Zayed Road is one of Dubai’s biggest highways, with six lanes in each direction.
14:20 GMT

The flow of traffic on the busiest highway in Dubai will not be impacted and the number of lanes will be kept the same, the RTA has said.

Once a top recipient of US military aid, Egypt lost most of its $1.3 billion a year package after the 2011 popular uprising that toppled Mubarak.
04:55 GMT

"The contract is worth about 1 billion euros and was finalised last month," a French diplomatic source said. "It's the first big deal since we sold Mirage fighters (warplanes) about 20 years ago."

July 18, 2014

Exhausted after a long day of work under the blazing desert sun, the migrants spend the afternoon searching for a place to sleep on the streets of Doha.
00:42 GMT

Exhausted after a long day of work under the blazing desert sun, the migrants spend the afternoon searching for a place to sleep on the streets of Doha.

Launched at Farnborough on Monday, the neo plane is a revamped version of the A330, sporting engine upgrades to provide more economical long-haul travel.
00:32 GMT

Qatar Airways gave Boeing a lift on Wednesday, concluding a deal for 50 of the US planemaker's revamped long-haul passenger jets and proposing to buy the same amount again.

July 17, 2014

Arab Bank also owns 40 percent of Saudi Arabia's Arab National Bank ANB.
16:13 GMT

Arab Bank has been expanding across several Middle Eastern countries and has built a reputation for stability in a region shaken by conflict and political upheaval, partly thanks to diversified investments.