May 22, 2014
The Chinese government company is buying control of the Israeli food conglomerate at a company value of NIS 8.6 billion ($2 billion).
Citing what it said were leaked documents prepared for prospective financiers in 2011, the newspaper said the loan for the state carrier required no repayments until 2027.
E-commerce company eBay said client identity information including emails, addresses and birthdays was stolen in a hacking attack between late February and early March.
Alawi is the owner of Red Sea Mall, considered to be the destination for entertainment and shopping in Jeddah.
The plant, he said, will have a capacity of 300-400 metric tonnes per year and can be expanded to 1,500 metric tonnes per year at a later stage.
Average of 663 cubic metres of water allocated per person; amount expected to drop below 582 cubic metres by 2025
May 21, 2014
The Abu Dhabi Urban Planning Council gave its approval to 13 development projects covering over four million square metres in the first quarter of the year.
The Bank has not lent any new money to Iran since 2005.
Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping to increase its sovereign wealth fund to over $500 billion
The new simulators are among the world’s most advanced nuclear training devices and the first of their kind in the Middle East.
May 20, 2014
At present, debtors in the UAE are imprisoned for failing to pay their debts, and creditors, mainly banks, are not sympathetic to the debtors once they are in prison.
Saudi Arabia's Cabinet has decided to implement integrated public transport systems, including Metros and buses, in Dammam and Qatif cities, a report said.
Saudi Arabia will spend an additional SR80 billion ($21.3 billion) to overhaul the kingdom’s education system under a five-year plan, a report said.
Dubai’s benchmark index, the world’s best-performing gauge in 2013, plunged the most in more than eight months on Monday.
Cancellations of pilgrimages from Egypt to Saudi Arabia due to the coronavirus, also known as the Middle East Respiratory Syndrome (MERS), have exceeded 25%.