Main headlines

May 26, 2014

Iran possesses the world’s second largest reserves of natural gas and the world’s fourth largest reserves of crude oil.
01:37 GMT

The country is currently exporting about 1.2 million barrels per day and has projected 1.5 million barrels of daily sales in the national budget for the year.

May 25, 2014

Business.
22:28 GMT

France set a new record in 2013 in terms of the number of GCC investment initiatives taken, especially in manufacturing activities and research and development operations.

Winning a ban may prove difficult for Apple because Koh, who also presided over the companies' first US trial in 2012, twice rejected the iPhone-maker's request in that case, legal experts have said.
22:10 GMT

Apple, following a jury verdict that Samsung Electronics infringed three of its patents, is seeking a US sales ban on some older models of the South Korean company's smartphones.

“I always wanted to get back and we never forgot Dubai,” Trump said at the project site. “Dubai has become very conservative. This is a much different and smarter time.”
21:39 GMT

Donald Trump, the New York real-estate mogul, is back in Dubai with plans for a golf course and 104 mansions three years after a plan to build a hotel tower bearing his name was scrapped in the emirate.

The device would essentially put the key capabilities of a smartphone into a watch, requiring a SIM card and likely a data and voice plan too.
16:52 GMT

Samsung's been more than happy to experiment with the shape of smartphones, often to ridiculous results, and it sounds as though this watch will be just another extension of that.

Despite the steady increase in oil exports, many Iraqis complain that much of the windfall is lost to state corruption and that the proceeds have not markedly improved daily life.
11:18 GMT

Iraqi engineers began repairs Saturday to a northern oil pipeline that has been disabled for months by militant attacks, costing the country millions of dollars in lost revenues, officials said.

Major sovereign wealth funds in the Middle East and Asia have invested in Russian businesses and backed its state-funded private equity fund.
11:08 GMT

Sovereign wealth funds in China and Qatar signaled their increased commitment to Russia, boosting Moscow’s hopes of strengthening ties with Asia and the Middle East as relations with the West deteriorate.

The Ministry of Civil Service in cooperation with the Ministry of Higher Education announced that 6,494 education jobs are available for Saudi youth.
03:55 GMT

Last week, the King approved a five-year plan worth more than SR80 billion ($21.33 billion) to develop the education sector.


Saudi Energy 2014 will serve as an ideal platform for energy professionals, government officials, investors and both local and regional buyers.
03:55 GMT

Saudi Energy 2014 is set to surpass the success of the 2013 edition that gathered 7,564 visitors.

Sharjah is the third-largest member of the UAE in terms of population, GDP, and geographic area.
03:55 GMT

The affirmation primarily reflects the solid growth in Sharjah’s GDP per capita.

May 24, 2014

During the meeting Kuwaiti Minister of Planning and Development Affairs, Hind Alsubaih, proposed the establishment of a pan Gulf research centre for planning and development
01:05 GMT

The UAE has called for increased coordination between GCC member countries to achieve economic integration in the region.

May 22, 2014

As part of the agreement, Bright Food is committed to keep Tnuva center of operations in Israel including management, production and development.
00:06 GMT

The Chinese government company is buying control of the Israeli food conglomerate at a company value of NIS 8.6 billion ($2 billion).

The Australian and International Pilots Association said the claims of support from the royal family needed to be checked and action taken to level the playing field.
17:25 GMT

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.

EBay shares fell as much as 3.2 percent after the latest high-profile hacking attack on a US company.
15:08 GMT

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.

The nomination of Alawi (the Owner of Red Sea Mall) was realized during the board meeting of the ICSC in Las Vegas.
13:23 GMT

Alawi is the owner of Red Sea Mall, considered to be the destination for entertainment and shopping in Jeddah.