Main headlines

August 3, 2014

Ghaith Al Ghaith, CEO at flydubai, said: “We have been building on the momentum of last year and we’ve announced 13 new routes since the start of 2014.The carrier took delivery of three new Boeing 737-800s in July, and now has a fleet of 39 aircraft with more than 100 new Boeing aircraft on order.
18:05 GMT

"Iran is a poorly served nation and any in-roads by the likes of flydubai will almost certainly spur regional rivals."

Part of the explanation of the rise in unemployment is that many young people have come onto the job market but have not yet succeeded in finding employment.
14:07 GMT

On the positive side the figures show that participation in the work force in June climbed from 64.2% to 64.7%.

Foreign investors were net buyers of LE609.1 million worth of shares, however the Egyptians were net sellers with LE603.7 million.
13:50 GMT

Egypt's stocks hit a whopping rise on Thursday in the first trading following Eid Al-Fitr holiday, as the main index registered its highest increase in six years.

The Ministry of Finance stressed in the report that the reforms made to the 2014/2015 state budget aim to stimulate the economy, boost employment rates and support social justice.
04:55 GMT

The new package aims to revitalise and expand the activities of the private sector through removing the “bottlenecks” facing economic key sectors.

July 31, 2014

Apple denied creating any "back doors" for intelligence agencies.
20:14 GMT

Personal data including text messages, contact lists and photos can be extracted from iPhones through previously unpublicized techniques by Apple Inc employees,

The consumer goods and services index hit 196.8, a 1.4 percent rise compared to last month,
16:00 GMT

In March, Iranian Finance and Economic Affairs Minister Ali Tayyebnia said the country's inflation would fall below 15 percent.

Security alerts due to rocket attacks and frequent air raid sirens have disrupted business activity and caused a drop in industrial output and consumer spending.
15:42 GMT

The Bank of Israel cut its benchmark interest rate to 0.5 percent Monday from 0.75 percent, partly to offset economic damage from the conflict.

Outbound tour operators told The Jordan Times the majority of bookings are for all destinations in Turkey, including Istanbul, Antalya and Marmaris.
14:48 GMT

With Eid Al Fitr vacation starting Monday, Jordanians are flocking to seaside destinations, with Turkey topping the list.

The report additionally forecast that Saudi oil reserves will rise to as much as 273 billion bbls by 2017.
04:55 GMT

The country has maintained high oil production and exports by historical standards in the first half of this year.

Exchange houses recorded a significant increase in remittances from the UAE during Ramadan as expatriates sent additional money to their home countries for Eid spending.
04:55 GMT

“There was an increasing trend of expatriates starting to save and send back more money from June onwards, to set the festive mood and bring smiles to their families and friends back home.”

July 30, 2014

A Dh5,000 fine will be imposed on those who misuse the residency system or submit bogus reports to the residency departments across the country.
13:25 GMT

The new measures will include the issuing of a new array of entry permits and visas, such as multiple entry permits for visit or work; the activation of study visas, and entry permits for medical care and attending conferences.

Airlines rely on governments to provide them with the information from sources they don’t have access to, such as military or secret service information.
12:30 GMT

Airlines have been rethinking flight routes since the downing of Malaysia Airlines Flight MH17, killing all 298 people on board, earlier this month over a rebel-held area of eastern Ukraine.

The start of Eid Al Fitr sees tourists from the region flock to the UK with Worldpay’s data showing that they are set to exceed by a quarter the £152.40 ($258.83) per transaction registered in August last year.
12:19 GMT

Visitors from the Middle East are forecast to increase their spending in the UK by 25 percent post-Ramadan, according to card processing firm Worldpay.

The line provides reassurance about Morocco's economic policies to foreign lenders, investors and rating agencies, allowing it to tap international capital markets at favorable borrowing terms.
04:55 GMT

The International Monetary Fund said on Monday it will provide Morocco a $5 billion credit line to help the North African country pursue a reform agenda to achieve rapid and more inclusive economic growth.

The start of Eid Al Fitr sees tourists from the region flock to the UK with Worldpay’s data showing that they are set to exceed by a quarter the £152.40 ($258.83) per transaction registered in August last year.
04:55 GMT

Visitors from the Middle East are forecast to increase their spending in the UK by 25 percent post-Ramadan, according to card processing firm Worldpay.