Main headlines

October 12, 2014

The government was “taking a diverse” approach to funding the infrastructure demands of Expo 2020 but declined to state specific details.
04:55 GMT

As part of its bid the emirate has earmarked billions of dollars of infrastructure investment including an extension of the metro rail link, new hotels and roads.

The programs for tackling unemployment have contributed to creating a parallel crisis in the labor market and disrupting the market.
04:55 GMT

At least one million vacancies must be created to tackle unemployment among Saudis and 300,000 jobs are needed annually to absorb new graduates entering the labor market,

October 10, 2014

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger, it added.
01:15 GMT

With the World Cup just eight years away, the likelihood is that the market is only going to become bigger.

October 9, 2014

It was the sixth consecutive slip in the index, which FAO said was the longest period of continuous falls since the late 1990s.
00:39 GMT

It was the sixth consecutive slip in the index, which FAO said was the longest period of continuous falls since the late 1990s.

The city, located 3 km to the west of the Prophet’s Mosque in Madinah, will cover an area of over 1.6 million sq m and accommodate 200,000 people.
15:02 GMT

The project will have 100 administrative and residential towers and 30 hotels, apart from the haj ministry headquarters, the haj secretariat, and the Madinah governor’s office.

Saudi Arabia, which has taken part in air strikes in neighbouring Syria, may be seeking to bolster the army as a counterbalance to Hezbollah.
14:41 GMT

The contract, which was initially agreed in December, has been under intense scrutiny for several months as negotiations between Paris and Riyadh over the deal have proved more complicated than first imagined.

The total of the loan package has surged to $6.45 billion.
04:55 GMT

In May of last year, the Central Bank of Turkey paid the country's final loan installment, freeing Ankara of IMF debts for the first time in 19 years.

Egypt's economy has been hit by more than three years of political and economic turmoil following the 2011 uprising that toppled Hosni Mubarak after 30 years in power.
04:55 GMT

Increased output and a sharp rise in new orders last month, however, appeared to suggest that confidence was beginning to return

October 8, 2014

SodaStream machines allow consumers to make their own flavoured fizzy drinks at home and counts Hollywood actress Scarlett Johansson as its brand ambassador.
00:52 GMT

Shares in Sodastream, the Israeli maker of fizzy drink machines, crashed in pre-market trading after the company reported dismal preliminary earnings for the third quarter.

He added that the central bank will reimburse that sum in case the Qatari government requests the money back.Egypt's net international reserves inched up to $16.8 billion in August, but are expected to decline if Egypt returns the two deposits.
15:20 GMT

Qatar backed Egypt with $7.5 billion in deposits during the presidency of the Muslim Brotherhood's Mohamed Morsi,

Crude oil prices fell as signs of weak demand for petroleum and ample supply continued to push prices toward multi-month lows.US crude oil output has jumped more than 3 million bpd since 2010 at a time when sluggish global economic growth and improving efficiency have depressed the growth in demand for oil.
13:59 GMT

What is happening in oil markets represents “the impact of this tremendous surge in US oil production”

The two parties met in court for the first time this week for a hearing to discuss costs incurred in relation to the abandoned application, among other issues.
13:07 GMT

Goldman Sachs has been ordered to pay the Libyan Investment Authority (LIA) 200,000 pounds ($321,820) in legal costs as part of a lawsuit brought by the fund over $1 billion in trades that ended up worthless.

After the deal closes in November, Chevron Canada will remain the operator and will hold a 70 per cent interest in the project.
05:55 GMT

“It’s simply a funding source that historically Chevron would not have looked at, but they are spending a lot on developing LNG and offshore so are looking at monetizing some of their assets sooner than they normally would.”

Morocco’s marijuana farmers live in a strange limbo in which the brilliant green fields are largely left alone, while the growers face constant police harassment.
04:55 GMT

Morocco is joining many other countries, as well as some U.S. states, in re-examining policies toward drugs and looking to some degree of legalization.

October 7, 2014

He also said that the link between the giant Chinese economy and the rest of Asia does not only involve demand,  which is expected to weaken due to the slowdown.
17:14 GMT

“China’s slowdown is gradual... It is slower but it’s not the bottom falling out of China’s growth,”