Main headlines

May 16, 2014

While overall unemployment experienced a slight increase, the seasonally adjusted unemployment rate decreased slightly to 9.1 percent, down from 9.2 percent in January.
01:07 GMT

Turkey's total employment rate stood at 44.1 percent in the month of February, 63.3 percent among men and 25.4 percent among women.

May 15, 2014

Bank of Israel officials told "Globes" last week that the strong shekel was a direct consequence of the dollar's weakness on international markets, and drew attention to the dollar-euro exchange rate.
00:44 GMT

Manufacturers Association president, "This emergency requires an immediate response."

On March 1, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran's oil industry would head forward, with or without sanctions.
16:47 GMT

Iran has tried to bring more foreign companies into its energy sector since securing sanctions relief from a November interim agreement to temporarily curb its nuclear activities.

Locals said large sections of the sea had been covered in an unidentified black substance, initially thought to be an oil spill, last Sunday.
15:23 GMT

Locals interviewed near the power plant Wednesday said they first noticed the pollution Sunday, likening it to oil spills that once frequently plagued the coast in the area.

“They have to be ready to sell and they’ve said they’re not ready,” Chapman said at Airport Show 2014 in Dubai.
15:20 GMT

Acquiring LSG would boost Dnata’s global footprint by adding 210 catering facilities in 54 countries.

MasterCard, a technology leader in the global payments industry, plans to set up in Dubai its first processing centre outside the US in the last quarter of 2014.
03:55 GMT

The processing centre, also the very first of its kind in the region, will be a one-stop-shop for debit and prepaid processing, fraud risk services, ATM processing, customer care and reporting/analytics.

May 14, 2014

The reforms will also end the long-standing requirement that foreign workers obtain their employer’s consent before leaving the country.
00:04 GMT

“The relationship will be redefined as between employee and employer instead of sponsor and sponsored,” the interior ministry said on Facebook

Nissan’s marketshare in the UAE is estimated at just over 16 per cent compared with 15.1 per cent a year earlier.
23:45 GMT

Sold 60,000 units in the UAE and also getting it right in Saudi Arabia

Ismaik said that the club’s achievements had led Arabtec to sign a regional sponsorship deal, adding that the deal will help achieve the interests of both parties. (Image courtesy of sportsvivo.com)
23:28 GMT

Arabtec will also receive certain rights to use the Manchester City logo, in addition to tickets and programmes for prominent figures to attend the club’s games

Al-Awaji noted that the Kingdom has electric links with the Gulf Cooperation Council countries while Egypt is linked with eight eastern Arab countries
19:09 GMT

" The Kingdom can import electricity from Egypt during the day time and re-export it in the evening," he said.


The opportunity is specifically created for football loving investors looking to benefit from the fast-growing online retail market in the Middle East. The minimum investment ticket is $10,000.
12:22 GMT

This May, football enthusiasts across the Middle East will have the unique opportunity to participate in the business of football by investing in the region’s only online retail shop dedicated to football products.

In its first public announcement on the project, SABIC did not say where the complex would be located, how much it would pay for the oil or if the crude would be subsidised
12:13 GMT

Development of the Saudi petrochemical sector is part of Riyadh's strategy for diversifying the economy away from heavy dependence on crude export revenues.

Etisalat has completed its purchase of a 53 per cent stake in Maroc Telecom from Paris-listed Vivendi for €4.14 billion euros.
11:53 GMT

The UAE operator has bought into Maroc Telecom through a separate legal entity, Etisalat International North Africa

In addition to the self-serve advertising products launch, which until now was closed to Israeli businesses, last week, Twitter launched its Accounts service for Israeli businesses to help them take their first steps in advertising on Twitter
03:55 GMT

With 255 million active monthly users, the bluebird of Twitter Inc. officially landed in Israel on Tuesday

Mobile penetration in Jordan reached 156 per cent at the end of 2013, with 10.3 million mobile subscriptions, according to official figures.
03:55 GMT

Mobile penetration in Jordan reached 156 per cent at the end of 2013, with 10.3 million mobile subscriptions, according to official figures.