Main headlines

May 5, 2014

The hotel consists of 181 rooms, 13 suites, 41 studios and 124 one and two bedroom apartments.
03:55 GMT

The 359 room property is the first DoubleTree by Hilton hotel to open in Dubai and the second to open in the United Arab Emirates in 2014.

Saudi Public Transport Co. (Saptco) has won a $2.1 billion contract to operate and maintain buses in Riyadh jointly with French group RATP Dev.
03:55 GMT

The 10-year deal is worth 7.885 billion riyals ($2.1 billion, 1.5 billion euros), Saptco indicated, noting that Riyadh authorities informed them they won the deal on Wednesday.

The Iranian government has decided to increase the number of its commercial attachés overseas to 30 from 11, the TPOI director for marketing, Mir Aboutaleb Badri, stated.
03:55 GMT

Five out of the new attachés will be dispatched to Germany, Italy, Serbia, Spain and Switzerland in a bid to boost trade and economic relations with Europe, the official added.

"We're in boom-time prices, more expensive than we've ever been in the history of mankind," Nick Candy, one of the developers of London's One Hyde Park luxury apartments, at the pinnacle of the capital's super-prime residential sector, told Reuters.
03:55 GMT

Buoyed by the wealth of Russian oligarchs, Chinese tycoons and Arab sheikhs, London has become one of the most expensive markets on earth, raising concerns ahead of parliamentary elections in 2015 that locals are being squeezed out of the market.

May 4, 2014

The highly acclaimed two-seater, all-aluminium Jaguar F-TYPE was named “Best Premium Sports Convertible” and “Car of the Year” at the prestigious Middle East Motoring Awards. (Image: Jaguarnews.com)
13:23 GMT

Jaguar Land Rover Mena continued to receive automotive accolades for its strongest ever line-up by racking up 17 automotive awards in the last year alone.

15 countries exported $1,121 billion worth of food, holding an 81.5 per cent share of the world’s exports in 2012
10:13 GMT

THE UAE’s imports of food worth $16 billion in 2012 has made it the 15th biggest food importer, according to the World Trade Organisation.

Sharjah International Airport's spike in traffic is largely due to the renovations at Dubai International Airport (File Archive/Shutterstock)
09:17 GMT

Sharjah International Airport is in process of preparing an influx of 200 additional weekly flights starting this summer.

The official confirmed that the Dh6,000 increase in the minimum salary requirement was implemented in Dubai more than a week ago
09:03 GMT

The increase in the minimum salary limit from Dh4,000 to Dh10,000 per month to sponsor immediate family members only applies to Dubai

As part of the new deal, customers will receive a free 4G LTE router or MiFi device (File Archive)
08:50 GMT

Zain Bahrain announced the launch of its first 4G packages premiering in Bahrain this month.

Iran has the second largest natural gas reserves after Russia (File Archive)
08:39 GMT

Iran announced this weekend that they are ready to supply the EU with natural gas to meet the continent's growing energy needs.

Lebanon has lost millions in profits within its tourism sector due to regional turmoil and domestic security issues (File Archive)
07:57 GMT

Lebanon's Tourism Ministry is launching an initiative to boost the country's tourism sector, but will "Live, Love, Lebanon" compensate as hoped for the millions of profits lost over the past few years?

May 1, 2014

From May 15 onwards, Qatar Airways will operate a total of 79 flights per week to the Kingdom (File/AFP)
15:44 GMT

Qatar Airways announced doubling flights to Gassim and added a new destination route to Al Hofuf.

A total 32,259 Chinese tourists arrived in Abu Dhabi during Q1 (Image: Nowtravelasia.com)
15:18 GMT

Chinese tourist numbers increased to 208 percent in Q1, adding to the good news of Abu Dhabi's high performance in terms of hotel guest numbers in the first quarter of the year.

The three-day event was hosted by the Dubai Chamber of Commerce and Industry (Image: Emirates Panorama)
14:18 GMT

Over 400 delegates concluded the ICC Banking Commission meeting, which finished on Wednesday. Growth in finance and business practices were discussed during the three-day event.

The steel industry has a strong backing from UAE financial institutions, pushing growth up (File/AFP)
13:52 GMT

Leading steel provider Conares, saw double digit growth in Q1, mainly due to new announcements and projects in the UAE.