Main headlines

July 9, 2014

The value of the deal could increase to $75 billion at list prices if Emirates firms up its right to purchase the additional planes, Boeing said in a statement issued in Dubai.
16:33 GMT

Boeing said the 777X will introduce the latest technologies including "the most advanced commercial engine ever".

The source, who opted not to be named, said a surefire reason for inclusion on the blacklist is physical abuse and sexual harassment against their housemaids.
16:05 GMT

The recruitment application of any Saudi who has a history of maltreating Filipino housemaids would never be accepted.

"This is a long-term project and we are betting strongly on Dubai," he said, adding that the size of the entire project would be in the range of 48 to 50 million sq ft.
04:55 GMT

By the way: Dubai is still recovering from its 2009 debt crisis.

Iran imported $153 million worth of products from the U.S. in January-May 2013 and exported $1.6 million worth of products to the U.S. in the mentioned time span
04:55 GMT

Iran transacted non-oil goods with 177 countries in the past Iranian calendar year.

July 8, 2014

The stock market is also down, with the Tel Aviv 25 Index currently off 0.58%.
19:43 GMT

The shekel has weakened against the dollar this morning, as the security situation in the south of Israel escalated overnight.

South Sinai’s 62,000 hotel rooms represent approximately 33% of Egypt’s total hotel capacity, according to Egypt’s Hotels Chamber.
16:53 GMT

According to the Egyptian Ministry of Tourism, travel advisories issued for the Sinai Peninsula led tourism revenues to decrease in the first quarter of 2014 to $1.3bn.

Investors appear to have anticipated the weaker results, which were flagged by a recent comment from Samsung’s financial director that the quarter’s earnings were “not that good”.
14:46 GMT

Samsung Electronics’ earnings fell by almost a quarter in the three months to June, after the South Korean group was caught out by unexpectedly low demand for its smartphones in China and Europe.

Adam did not expect additional financial assistance from Gulf countries in the next period.
04:55 GMT

Foreign reserves are now the lowest since the ouster of former president Mohamed Morsi in July 2013.

Jordan’s imports from Mexico reached $41 million compared with around $17 million of exports
04:55 GMT

His Majesty King Abdullah’s visit to Mexico has laid down the basis of improved economic relations between the two countries.

The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly rising domestic demand.
00:44 GMT

Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves.

July 7, 2014


A total of 10 consortiums are vying for the first phase of the project involving civil works.
19:42 GMT

"We have asked them to submit their bids for this project. We intend to sign the contract with the winning bidders in early October," he said.

Flight Search can be accessed on tablets, smartphones and desktop computers.
19:36 GMT

Once users are on the Google Flight Search tool, they are able to quickly and easily conduct searches for different flight routings

Another reason for the slowdown may be that households balance sheets are stretched after a surge in consumer borrowing over the past few years.
12:42 GMT

In the first quarter, growth in all three sectors that relied on cheap foreign labor — construction, retail and transport — slowed markedly from a year ago.

Dubai’s real estate market may also be overheating, as the country’s central bank issued a warning on the soaring property prices.
11:49 GMT

Gulf markets ended their worst quarter in many years, as almost all indices in the region ended the month on a negative note.

Yemen's income from oil exports tumbled by over 64 per cent to $73.4 million in May from a year ago,
04:55 GMT

Sanaa's finances have deteriorated as it has been caught in a nationwide fight against al Qaeda militants and other rebel groups.