Main headlines

December 10, 2014

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.

December 9, 2014

Taxis will be provided with the most advanced communication technology, so passengers can call a taxi company to arrange a pickup
23:10 GMT

Under new laws for public taxis that come into effect in 45 days, commuters in the Kingdom will no longer hail cabs on the streets.

 “The railway will increase trade and economic exchange between the member states,”
22:59 GMT

The GCC railway link project, which has been given top priority by the bloc’s leaders, would be completed by 2018

The Shoura Council also declared this year that Arabic be used as the lingua franca in international conferences and official forums inside the Kingdom.
18:18 GMT

The Ministry of Education ordered the closure of 17 international schools and issued warnings to 32 others last year for violating local laws.

Kuwait has been ranked last in the list of best countries in the world for expatriates to live and work, based on a report titled ‘Expats Insider Survey 2014'.
15:05 GMT

Kuwait was placed in 61st position internationally after Qatar, Greece and the Kingdom of Saudi Arabia.

According to the Egyptian Government, the upcoming phase will witness noticeable activity in investments in the transport and logistics sector.
14:49 GMT

A trade mission of 50 major Italian companies in the energy and logistics sector will hold investment talks during a visit to Cairo in February.

 
Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan.
14:33 GMT

Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan

The increasingly important region is renowned for its discerning customers, who appreciate the unique combination of luxury and performance offered by Bentley.
04:55 GMT

The announcement highlights the importance of the Middle East to the brand’s continuous success,

Earlier in October, Governor of the CBE Hisham Ramez announced the payment of $500m to Qatar.
04:55 GMT

Foreign reserves reached $15.8bn at the end of November 2014, marking a $1.1bn decrease from $16.9bn in October.