Main headlines

January 22, 2014

The dangers of the growing lack of clear global political leadership at time when global governance is drifting will be a major theme at this year’s Annual Meeting of the World Economic Forum in Davos.
00:07 GMT

And this year’s Annual Meeting will flag up a new urgency because it is not a time for inaction.

All in all, Iran’s trade balance with 96 countries was positive in the first eight months of 2013, according to data released by the Iranian Customs Administration Office.
00:02 GMT

The two-way trade grew by 5.3 percent in the first ten months of 2013 in comparison to the corresponding time last year.

January 21, 2014

Denmark is increasingly recognized as the world leader in sustainability, generating nearly 100 percent of its energy from renewable sources (Courtesy of the BBC)
13:19 GMT

The UAE recently signed a Memorandum of Understanding (MoU) with Denmark to develop nine initiatives to advance renewable energy and global sustainability.

Some Saudi hospitals have stock market listings (File Archive)
12:56 GMT

Saudi healthcare prices are expected to rise by 30 percent in 2014.

Part of the Mecca Metro is already in operation (Amer Hilabi/AFP)
12:28 GMT

Local and international firms have begun to submit their bid applications for contracts for the Mecca Metro project.

Hyundai's Elantra model is the number one seller in the Middle East (Courtesy of Wikimedia)
12:15 GMT

Hyundai automobiles posted record sales in the Middle East in 2013.

The 17-member Gas Exporting Countries Forum (GECF) may see more countries joining it with many Asian, Latin American and African countries expressing interest.
03:55 GMT

Asserting that gas is going to be the basic source of energy for this century, Adeli, an eminent economist, said there was no reason why countries should decrease investments in conventional energy sources.

January 20, 2014

The banks say that at foreign institutional investors, especially in Europe, investment committees decide on investments, and that human rights is one of the considerations about an investment in a particular share
22:38 GMT

The "Financial Times" reports that Dutch and Scandinavian pension funds are considering divesting from Israeli banks.

The 60-square-km archipelago, comprising over 200 islands laid out in the shape of a world map, was created from millions of tonnes of sand and rock
22:08 GMT

Lying about five kilometres (3.1 miles) off mainland Dubai in the Gulf, it will feature classic Italian, Spanish and German architecture as well as landscaped gardens and streets that in some cases will be lined with artificial snow, the company said.

“The ministry has a zero-tolerance policy towards the import and sale of Israeli products and if there are Israeli potatoes in the stores, there will be stringent action against those involved,” the sources said.
21:01 GMT

Kuwait’s commerce ministry has launched an investigation into reports that Israeli potatoes were being sold in cooperative societies.

The Renault Fluence is the number one selling European model in Saudi Arabia (Courtesy of UK Motoring)
10:38 GMT

Renault Middle East reported that its sales in the GCC increased 19 percent in 2013, maintaining its status as the number one European brand in Saudi Arabia and Oman.

The first Saudi Arabia-based IHOP opened in Jeddah this week (Shutterstock)
08:51 GMT

California-based IHOP opened its first Saudi Arabia branch in Jeddah this week.

Qatar’s tight rental market has made it the most expensive country to live in the GCC, Arabian Business comprehensive analysis on the cost of living in the region reported.
03:55 GMT

The Cost of Living Report (CLR) noted that in a like-for-like comparison of seven measures, Qatar came out the most expensive overall, followed by the UAE, Saudi Arabia, Bahrain, Oman and Kuwait.

The debts of BP to Iran has not published officially yet, but Shell said in March 2013 that it has $2.3 billion debts to Tehran.
03:55 GMT

The British companies say they will return to Iranian projects once the sanctions imposed on the country's oil and gas sector are completely lifted.

But the subsidy reductions could hurt the fragile economy, which is heavily reliant on tourism, agriculture and remittances from Moroccans living abroad.
03:55 GMT

The cash-strapped North African kingdom is under pressure from the International Monetary Fund (IMF) and the World Bank to cut spending and reform subsidies