Main headlines

November 11, 2014

The building has featured in a number of films including boy wizard adventure “Harry Potter and the Half-Blood Prince.”The new purchase price was not disclosed Monday, though the Financial Times reported it had been sold for 726 million pounds, citing sources.
18:21 GMT

The new purchase price was not disclosed Monday, though the Financial Times reported it had been sold for 726 million pounds, citing sources.

"We need to put policy on it. We need to put an order to it so we can do something regarding consumption."
14:01 GMT

"You need to do something about subsidies. Maybe a producing country can turn into a consumer country," Sabt said on the sidelines of an energy conference in Abu Dhabi.

“The Shah Gas Project is on track to commence production in 2014."
13:29 GMT

Adnoc, has so far invested $70 billion to develop new oil and gas fields and to boost the current output capacity of the UAE to 3.5 million barrels per day by 2017.

Shell reached an agreement with the Ministry of Petroleum on shale gas pricing for which Shell will begin production trials soon.
04:55 GMT

“Shell Egypt will not work in deep water research and exploration after its experience in the Mediterranean, which cost us millions of dollars.”

.Zain Iraq, the country's No.1 mobile operator by subscribers, will launch long-awaited high-speed 3G services in January
04:55 GMT

Iraq is one of the few Middle East countries still reliant on 2G networks.

Markets should not panic over the recent plunge of oil prices because the situation will resolve itself,
02:01 GMT

"Please do not panic, things will fix itself," Al-Badri said during a panel discussion at a major energy industry conference in Abu Dhabi.

It will hire more than 500 captains and first officers over the next three years as part of its large-scale global campaign.
01:21 GMT

“Etihad Airways will hire hundreds of pilots over the next three years to keep pace with the rapid expansion of our aircraft fleet."

November 10, 2014

Penalties varied according to the different infringements, with some included the halt of e-services, fines and limiting the issuance of labor permits.
17:20 GMT

The Ministry of Labor fined more than 74,500 establishments with penalties over SR12.80 million (3.4 million USD) during 2014 so far.

The new feature has already generated widespread negative responses from users in Kuwait and on social media
04:55 GMT

Now WhatsApp, the most popular messaging app i in the whole world, will now tell users when a message has been read.

Iran’s relations with the West have thawed since relative moderate Hassan Rouhani was elected president last year seeking to end Iran’s international isolation.
00:47 GMT

With only two weeks to a deadline for a breakthrough deal, senior envoys of Iran, the United States and European Union met in Oman on Sunday.

The total number of cases brought against Egypt after the 25 January Revolution have reached at least seven involving demands totalling more than $20bn in compensation.
00:33 GMT

Hany Sarie-Eldin, head of Sarie-Eldin and Partners Legal Advisors, said the move will thwart the government’s efforts to revive confidence in the economy.

November 9, 2014

 S&P said that Oman and Bahrain were the most vulnerable to any drop in oil prices while Qatar and the UAE were the least vulnerable.
23:53 GMT

Dubai will remain insulated from the effects of an oil price slide as it is well diversified, while economic growth across the rest of the GCC could be affected.

According to various estimates, IS receives $1 million to $3 million from illegal transactions of Iraqi oil every day.
05:55 GMT

The Iraqi economy is losing as much as $1.2 billion a month because of the shutdown of the oil pipeline connecting the Iraqi city of Kirkuk with the Turkish city of Ceyhan.

The delegation is the largest to visit the country since the 2011 revolution which toppled the regime of then-president Hosni Mubarak.
04:55 GMT

Three-day visit will include 66 large American companies in energy, telecommunications, food, pharmaceuticals, banking, infrastructure and other sectors

November 6, 2014

The predictions are based on global economic output rising 160 per cent by 2040 compared to 2013 by purchasing power parity.
18:23 GMT

Projections also emphasise the continued leading role of the Middle East in international crude oil trade.