Main headlines

September 23, 2014

Both Kuwait and Bahrain are expected to witness a major surge in the value of infrastructure projects this year, according to the report
05:55 GMT

The value of new infrastructure projects across the Gulf Cooperation Council (GCC) region is poised to hit $86 billion in 2014, up 77.8 per cent compared to last year, said a report.

 A positive response from bank customers to use their Emirates ID cards as ATM cards proves the UAE’s residents’ keenness to adopt latest technologies without any apprehension.
04:55 GMT

Since the bank introduced this service on September 7, more than 8,000 customers have registered their ID cards with the bank to use them as ATM cards.

September 22, 2014

The project, which will come up on 1800-hectare area, includes waterfront villas and chalets in addition to diverse leisure and entertainment services.
19:39 GMT

A leading Egypt-based investment group has signed a deal to acquire a five-star hotel in the Business Bay area facing Burj Khalifa in Dubai, UAE.

Cancellation of the tournament will have an impact on the country's economy, particularly the construction sector,
18:45 GMT

The 2022 World Cup will not be held in Qatar because of the scorching temperatures in the Middle East country, Fifa executive committee member Theo Zwanziger said on Monday.

The Current TV sale was initially resisted by distributors including Time Warner Cable and AT&T, which argued that they had contracted with Current TV and not Al Jazeera.
04:55 GMT

In a countersuit filed in the Delaware Court of Chancery on Thursday, Al Jazeera is seeking to keep the money that Gore and his former partner Joel Hyatt had sought in a lawsuit filed in August.

is there and you will hear about it soon,” Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai’s Supreme Fiscal Committee said.
04:55 GMT

One of Dubai’s top government officials said on Sunday that he expects state-owned conglomerate Dubai World to reach a deal on renegotiating its debt repayment schedule in the near future

September 21, 2014

The 13th edition of Cityscape Global is all set to welcome more than 35,000 participants from across the world and exhibitor numbers have also jumped to more than 280 for the first time in five years.
20:17 GMT

The Middle East’s largest and most influential property show is also co-located with three dedicated and expert-led conferences.

Sheriff Rizwan, CEO and founder of ALSHOP.com, the first online retailer to sell the devices on Friday, said that it is a blockbuster sale so far.
15:31 GMT

“We got around 200 pieces on Friday afternoon and it was sold out within 20 minutes. Around 40 pre-booked customers flew in from Saudi Arabia, Qatar, Oman, Jordan and Kuwait to collect their devices,” he said.

Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas.
04:55 GMT

Exploration companies have been hesitant to develop untapped gas finds in Egyptian waters partly because the amount the government pays them barely covers their investment costs.

Qatar Petroleum (QP) and Qatar Petrochemical Company (QAPCO) signed an agreement in February 2012 to jointly develop the Al Sajeel mega-petrochemical complex in Ras Laffan
04:55 GMT

The Al Sejeel petrochemical project, one of the world’s largest mixed-feed steam crackers, was scheduled for completion in 2018 as part of Qatar’s large-scale expansion of the petrochemicals sector.

Cost-cutting and organisational changes should marginally improve Prada's gross margin by the end of the year, Galli said.
03:00 GMT

The maker of luxury leatherware and Miu Miu-brand dresses said it was hit by sluggish consumer demand amid an uncertain economic outlook and unfavourable exchange rates.

September 19, 2014


Brent November crude slipped 8 cents to settle at $98.97 a barrel, recovering from an intraday low of $98.51 on Wednesday in London.Brent November crude slipped 8 cents to settle at $98.97 a barrel, recovering from an intraday low of $98.51 on Wednesday in London.
03:06 GMT

Prince Abdulaziz Bin Salman Bin Abdulaziz, Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs, dismissed arguments that lower oil prices will cause the collapse of GCC economies.


Qatari capital Doha bid for the 2016 and 2020 Olympics but never made the shortlist, while Dubai was reportedly on the verge of a bid for 2016,
02:10 GMT

While major events were once the domain of Europe and North America, Asia is now viewed as a 'safe pair of hands' when it comes to hosting the world's biggest sporting competitions.

September 18, 2014

HealthKit gathers data such as blood pressure and weight from various health apps on Apple devices, and can be viewed by doctors at one place.
14:04 GMT

Meanwhile, the California tech giant said a bug in its HealthKit health and fitness application platform prevented its release along with the launch of its iOS 8 operating system for iPhones and iPads.

Middle East investors bought 87 per cent of the Goldman sukuk, while 11 per cent went to Europe and two per cent to Asian investors, a document from lead arrangers showed.
13:57 GMT

It was only the second sukuk issue from a conventional bank outside a predominantly Muslim country; HSBC issued $500 million of sukuk in 2011.