Main headlines

December 11, 2014

The deal is expected to complete by the end of the first quarter of 2015, with the proceeds going toward general corporate purchases.
10:37 GMT

Constellation Hotels, part of the Qatar Holding investment vehicle, has reached an agreement with InterContinental Hotels Group to buy its iconic InterContinental Paris Le Grand hotel for €330 million ($405 million).

Bayoumi said that Egypt and the EU have implicitly agreed to resume the technical committees of the partnership’s work.
10:30 GMT

The European Union (EU) proposed a new trade agreement for countries participating in partnership agreements with Europe last week.

In its World Economic Outlook report in October, the IMF estimated Iraq's gross domestic product would shrink 2.7 percent this year.
04:55 GMT

The International Monetary Fund on Tuesday said Iraq's oil-dependent economy was expected to contract much less than previously thought this year due to rising oil production.

December 10, 2014

"I can't accept having my history stigmatised with approving a deal that might harm Jordan and Jordanians. The government is here to serve the country and its interests," the premier said.
21:32 GMT

Lawmakers on Wednesday recommended that the government shelve a planned natural gas deal with Israel following two long sessions dedicated to discussing the controversial issue.

"The weaker the family, the more members in a family, the greater the savings will be," he said.
20:13 GMT

That is higher than a poll conducted before the last election in January 2013, when 43 per cent cited economic issues and the cost of living as the biggest concern.

The Gulf carrier is one of Airbus's biggest clients, albeit a very demanding one.
20:01 GMT

"We want everything to be absolutely perfect," chief executive Akbar al Baker said in June after postponing the delivery of 13 A380 super jumbo planes, eventually received in September.

The scholarships have been granted for the Introduction to Clinical Research Training programme (ICRT).
19:27 GMT

The Dubai Health Authority’s (DHA) Medical Education Department, in association with Harvard Medical School, has granted 15 scholarships to DHA medical professionals.

The Saudi market’s drop in the last few weeks has nearly wiped out the benchmark’s year-to-date gains, which now stand at just 1.1 percent.
19:15 GMT

Most stock markets in the Gulf fell sharply Tuesday after oil prices hit five-year lows, triggering a fresh wave of panic selling of shares by local retail investors

Jordan currently imports 97% of its energy, paying at least double what it would pay for Israeli gas.
18:01 GMT

Buying Israeli gas will save the Jordanian economy $1.5 billion a year.

Oil prices will stay at about $65 a barrel for at least half a year until OPEC changes its collective production
17:36 GMT

A breakdown in OPEC solidarity or a price war among producers for market share will lead to an “enormous price-dive shock.”

BP is one of the largest foreign investors in Egypt, which wants foreign companies to help ease one of its worst energy crises in decades.
15:53 GMT

British oil major BP plans to invest more than $12 billion in Egypt over the next five years.

 In addition to winning ‘World’s Leading Airline’, Etihad Airways scooped up a further two awards ‘World’s Leading First Class’ and ‘World’s Leading Cabin Crew’.
06:45 GMT

Etihad Airways, the national airline of the United Arab Emirates (UAE), has been awarded the highly coveted title of ‘World’s Leading Airline’ for the sixth straight year.

“This represent about 30 percent of the country’s gross domestic product,” the study said.
05:55 GMT

The Shoura Council is currently debating a new law to fight tasattur or illegal business activities conducted by expatriates in the name of Saudis.

The 271,051 sqft development will comprise 72 luxury apartments, a restaurant and health and fitness facilities and is slated for completion in 2017.
04:55 GMT

Marketed as ‘Ten Broadway’, the 600,000 sqft site, home to the London Metropolitan Police since the 1960s, is located in prime central London, and will be redeveloped into a multi-use development.

Qatar doesn’t produce enough chicken meat to feed its population, with imports set to rise 11 per cent next year.
04:55 GMT

A chicken farm backed by Qatari investors will have capacity to produce 45 million kgs of chicken meat by 2018.