Main headlines

February 11, 2014

In early March, 12 major experts in oil and energy sector from US, Britain, and Japan will address in a conference on the Iran’s oil.
03:55 GMT

It's time for the US to get right on board.

February 10, 2014

The value of exported handmade carpets across the world reached $1.35 billion last year, out of which the value of Iranian carpets amounted to $427 million.
22:43 GMT

Sanctions against exports of Iranian carpet may be lifted in the second half of 2014, the director of the National Carpet Center director of announced on Sunday.

More than half of the region’s children and youth are failing to learn, with around 56 per cent of primary school children not learning and 48 per cent of children in lower secondary school.
22:35 GMT

The majority of children in the Arab world are failing to learn while at school, a new report says.

At the end of January, official sources announced the UAE would contribute a further $1.8 billion in the form of fuel shipments.
19:59 GMT

Egypt has already received $3 billion in aid from the United Arab Emirates: a $1 billion grant and $2 billion loan in the form of an interest-free central bank deposit.

Bankers working for international banks in the Middle East said they would be surprised if JP Morgan was the only international firm to cut relationships in the region.
19:24 GMT

JP Morgan has cut its correspondent banking relationship with Emirates NBD, Dubai’s largest bank, as part of a global review of its business

“The UAE will try to deliver its government services through drones. This is the first project of its kind in the world,” Gergawi said, according to Reuters news agency.
16:50 GMT

Services would initially include delivery of identity cards, driving licenses and other permits, the news agency reported.

US-based Reef Worlds is planning to invest $3 billion in underwater tourism in the UAE (Courtesy of The National)
12:58 GMT

US-based developer Reef Worlds announced plans this week to build underwater cities and tourism sites near Dubai.

Oman plans to invest $1.3 billion in fisheries development up to 2020 (Courtesy of the BBC)
11:14 GMT

Saudi Arabia and Oman are "on top of the wave" of the Gulf's aquaculture industry.

Average annual salaries in Egypt in the fiscal year 2012/13 reached LE26,161 ($3,756)
08:44 GMT

Egypt's consumer confidence index rose in January 2014 on the previous month, according to data released Sunday from the cabinet's think tank, the Information and Decision Support Centre (IDSC).

The new projects will create more than 25,000 new jobs in the region
08:26 GMT

RP Group of Companies, a diversified global business conglomerate with strong business interests in the Gulf region and India, has announced ambitious growth plans, including Dh4 billion ($1 billion) worth of investment in new hotel and mixed-use projects in the UAE.

Currently there are 350 taxi vans exclusively deployed in Dubai airports to serve arriving passengers around the clock
08:09 GMT

Dubai transport authorities have announced plans to deploy only the seven-seater family-size taxis at the emirate's airports.

Both exports and revenues declined in 2013 compared to the previous year despite efforts to increase sales, a drop attributed by the oil ministry to periods of bad weather and poor maintenance, but also to sabotage against the country's main northern pipeline.
03:55 GMT

"Iraq and the United States are embarking on a significant new area of cooperation."

Both exports and revenues declined in 2013 compared to the previous year despite efforts to increase sales, a drop attributed by the oil ministry to periods of bad weather and poor maintenance, but also to sabotage against the country's main northern pipeline.
03:55 GMT

"Iraq and the United States are embarking on a significant new area of cooperation."

Iran's Petroleum Minister says it plans to introduce by June a new generation of oil contracts that are more attractive to investors.
00:41 GMT

He said the new contracts are designed for the "post-sanction era," but did not provide details.

00:23 GMT

Hybrid auto imports increased by nearly sixfold last year compared with 2012, according to official figures.