Main headlines

March 5, 2014

Malaysia's medical tourism attracted 15,000 patients from the Gulf in 2013 (File Archive/Shutterstock)
15:00 GMT

Malaysia is aiming to increase medical tourism from the UAE between 15-20 percent in 2014.

Bee'ah's solar-powered cleaning boats ensure Sharjah's lagoons are clean while reducing carbon emissions (Courtesy of Build Green)
13:48 GMT

UAE-based Bee'ah introduced the region's first solar-powered water surface cleaning boats in Sharjah.

Dubai is working on diversifying its hotel offerings to attract a wider market of visitors
09:55 GMT

Hotels in Dubai attracted over 11 million guests in 2013, representing a 10.6 per cent increase (or more than one million guests) over 2012.

Political and security issues were still the main factors influencing the movement of shares on the Beirut bourse
08:16 GMT

The high dividends paid by Lebanese banks are among the reasons for the rising demand for stocks of local lenders.

The minister will also review the ministry’s future projects in the tourism sector and the government’s efforts to address the sector’s current predicament.
03:55 GMT

The ministry will aim to “correct the image of the security situation in Egypt and encourage tourists to return

The developer, which gave away yachts and sports cars to buyers of its luxury properties during the downturn, said it booked sales worth $2.5 billion in 2013, compared with only $661 million the previous year.
03:55 GMT

The developer, which gave away yachts and sports cars to buyers of its luxury properties during the downturn, said it booked sales worth $2.5 billion in 2013, compared with only $661 million the previous year.

March 4, 2014

But in the business world, women are gradually coming to enjoy greater opportunities, partly because of heavy government spending on women’s education including state-funded scholarships to foreign universities.
21:13 GMT

Saudi Arabia’s National Commercial Bank (NCB) has appointed Sarah Al-Suhaimi as chief executive of its investment banking arm.

Egypt's foreign reserves decreased between August 2013 and January of this year (File Archive)
16:57 GMT

Egypt's foreign reserves have increased for the second consecutive month, with a net amount of $17.3 billion at the end of February reported by the Central Bank of Egypt this Tuesday.

US billionaire Bill Gates reclaimed his top spot on the list after a four-year hiatus with a net worth of $76 billion, adding $9 billion to his wealth last year.
15:16 GMT

In its list this year, Forbes features a total of 1,645 billionaires with an aggregate net worth of $6.4 trillion, up from $5.4 trillion a year ago.

Abu Dhabi will use SCOOT, a traffic system used in more than 120 major cities worldwide to manage transportation flows in the city (File Archive/Shutterstock)
14:37 GMT

Abu Dhabi's Department of Transportation has begun work on its nearly $9 billion adaptive traffic control central system.

Inflation is set to rise in all countries in the GCC except for Bahrain who is bucking the trend (File Archive/Shutterstock)
14:17 GMT

All GCC economies with the exception of Bahrain are expected to see a rise in inflation this year, according to Moody's Investor Service this week.

The Dubai Water Canal project will pass through the heart of Dubai in a course extending three kilometers
09:27 GMT

Dubai’s Road and Transport Authority (RTA) will take up a number of top projects in 2014, including the Dh2 billion ($544 million) water canal project, which will link the Business Bay in Dubai with the Arabian Gulf.

A comprehensive nuclear deal between Iran and six major world powers over Tehran’s nuclear energy program is possible by the end of July
08:44 GMT

Iranian Foreign Minister Mohammad Javad Zarif says a final settlement to the decade-old dispute over Iran's nuclear energy program would be possible within the next five months.

Bargain-hunters could be quick to return as soon as military tensions ease, he added.
03:55 GMT

Gulf stock markets slid on Monday as a heightened threat of armed conflict between Ukraine and Russia triggered widespread selling, despite the benefit of higher oil prices to Gulf energy exporters.

Among the main products to suffer a drop in exports, according to CAPMAS, were petroleum products, fresh fruits and liquefied propane.
03:55 GMT

The figure represented a 12 percent drop compared to the same month in 2012, when the deficit stood at LE26.7 billion ($3.8 billion).