Main headlines

August 13, 2014

The airport is set to open in 2017 and will be the largest airport in the world, serving 150 million passengers annually.
21:41 GMT

İstanbul's third airport, currently under construction and set to open in 2017, will be named after President-elect Recep Tayyip Erdoğan.

Egyptian guest workers represent the majority of the 108 nationalities working in the Kingdom, constituting 62 per cent of the total number of guest workers.
21:09 GMT

The Jordanian side presented a briefing on efforts to regulate the labour market and rectify the statuses of guest workers.

Russia will supply at least 5-5.5 million tonnes of wheat to Egypt this year and will increase agricultural goods imports from the North African country.
20:52 GMT

In the previous 2013/14 marketing year, Russia supplied 3.6 million tonnes of wheat to Egypt.

The Dubai-based carrier is the world's largest operator of the A380 jets. In November, it announced plans to buy another 50 from the European planemaker at the Dubai Air Show.
20:37 GMT

Emirates used the loan to take delivery of its 50th superjumbo, the bank said.

UAE nationals topped the list with Dh12.5 billion ($3.5 billion), .
20:06 GMT

Investors from the Gulf Cooperation Council (GCC) states spent more than Dh19 billion ($5.17 billion) on real estate projects in Dubai, UAE, during the first half of the year, a report said.

Al Etihad Credit Bureau will continue to collaborate with its partners to upload customers’ credit information for the past 24 months.
12:10 GMT

The credit reports will include records about consumers’ debt levels, financial obligations, credit payments, history of default payments and late payments.


UAE was ranked the top country in the Middle East based on passengers carried.
11:52 GMT

Middle East airlines carried 157.9 million passengers in 2013, marking an increase of 8.8 per cent over the figures for the previous year.

August 12, 2014

The 18 and 29 year-old age group, represents 23.7% (approximately 20 million) of the total population, of which 51.1% are men and the remaining 48.9% are women.
23:21 GMT

Around 27.8% of Egyptian youth are poor while 24.1% are near the poverty line.


Revenue-per-available-room (RevPAR) has seen a 7.4 per cent decline to Dh290.23,
16:08 GMT

The initial results show an 11.8-percent decline in occupancy to 45.4 percent.

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.
15:29 GMT

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.

Jordan's credit challenges lie mostly in its fiscal and external accounts.
15:21 GMT

The rating agency says that although domestic politics have been fairly stable, the government faces continued pressure to maintain social spending.


Carrefour had the most significant climb up the Top 10 over the first six months of the year, jumping up five places from ninth to fourth.
13:44 GMT

Samsung is the number one ranked brand in the Top 10 Buzz Rankings across the United Arab Emirates for the first half of 2014.

To counter supply outages in Iraq and among other OPEC producers, Saudi Arabia has maintained a high level of oil output
04:55 GMT

"The more the Kingdom produces, the lower its spare production capacity becomes, meaning the smaller the cushion to cope with new supply disruptions."

Diab asserted that they would accept donations from any Egyptian, including Mubarak-era leading businessmen.
00:13 GMT

In a move to force businessmen to donate, a campaign was launched in early August to track businessmen who did not donate to the fund,

August 11, 2014

“The market has become more complacent about supply again. But complacency is dangerous. Given the geopolitical tensions, a spike in oil prices cannot and should not be ruled out.”
23:35 GMT

“There’s talk of changes in Baghdad. The oil market is sort of waiting to see what happens,” Wardell said.