Main headlines

September 4, 2012

Iranian Oil Minister Rostam Qassemi
13:18 GMT

Iranian Oil Minister Rostam Qassemi said the country would spend 18 percent of its stabilization fund for the development of the oil and gas sector.

Construction
11:47 GMT

Saudi Arabia has started an initial work for building the first batch of a massive low income housing plan announced by the kingdom early this year

Adnan Kassar
09:50 GMT

Head of Lebanon’s Economic Committee Adnan Kassar reiterated Monday warnings that the economy is at the mercy of political bickering and instability.

Nargileh has been the biggest point of contention between business owners objecting to the new law
09:37 GMT

“On the economic side, it will be a disaster because the restaurants depend on nargileh for profits,” says spokesman for the group, Abdelrahman Bandakji, who owns the Petit Cafe chain of restaurants.

Barak Obama
07:42 GMT

The United States is weighing a deal with Egypt's new rulers to relieve $1 billion worth of debt.

September 3, 2012

The Capital Market Authority (CMA).
13:44 GMT

The Capital Market Authority (CMA) of Suadi Arabia has warned all institutions who are not Authorised Persons authorised by the CMA or an Exempt Person under the Securities Business Regulations, against carrying out securities business in Saudi Arabia.

Jordanian flag
12:35 GMT

Authorities plan to introduce direct cash payments to deliver subsidies to targeted segments of Jordanians in next year’s state budget, a government official said Sunday.

Oil refinery pump
11:25 GMT

The UAE is on track to expand its crude oil production capacity to 3 million barrels per day (mbpd) by the end of the year, two industry sources said.

QNB
10:02 GMT

The GCC banking sector continued to grow rapidly in the first half of 2012, according to QNB Group analysis.

Crude Oil
08:06 GMT

The Syrian government is negotiating deals with firms in London, Singapore and the Middle East to sell crude oil in return for the fuel it needs to survive in the face of an increasingly bloody insurgency.

September 2, 2012

Apple vs Samsung
14:35 GMT

Britain's biggest technology investors have warned tech giant Apple not to risk completely ruining its relationship with Samsung following its sweeping victory in a copyright and patent infringement case.

Computer virus
13:09 GMT

A new cyber surveillance virus has been found in the Middle East that can spy on banking transactions and steal login information for social networking sites.

MSC Bari, one of the largest and newest ships in the world, at the Khalifa Port in Taweela as Abu Dhabi Ports company (ADPC) begins the process of relocating containers. Image Credit: Abdul Rahman/Gulf News
11:00 GMT

The Dh26.5 billion project will act as an economic gateway of trade for Abu Dhabi.

Activists demostrate near the Interior Ministry Circle, central Amman, to protest government decision to hike fuel prices on Saturday (Photo by Khaled Oudat)
09:40 GMT

Hundreds of activists demonstrated near the Interior Ministry Circle, central Amman, demanding the government to reverse its decision to raise fuel prices.

Motorists fill their cars with gasoline at a gas station in Amman on Saturday.
08:22 GMT

Late Friday, authorities decided to raise the price of 90-octane gasoline from JD0.70 per litre to JD0.77, a 10 per cent rise, and the price of diesel from JD0.515 per litre to JD0.550. The price of 95-octane gas, which used to be sold at JD1 per litre, also went up by 1.5 per cent or 15 fils.