Main headlines

August 17, 2014

Jordan consumes about 500 million cubic feet of natural gas per day for production of electricity, the minister said.
11:02 GMT

Natural gas will be supplied to Jordan through the Arab Gas Pipeline, which is a natural gas pipeline that stretches from Egypt into Jordan and other neighbouring countries.

Jewelry remains the biggest component of gold demand, representing more than half of all demand at 510 tons.
04:55 GMT

Global jewelry demand, which represents more than half of total global demand, was unsurprisingly down 30 percent year-on-year to 510 tons.

Egyptian exports of natural gas and derivatives declined by approximately 75% during June to $19m,
04:55 GMT

Egypt has ceased exporting gas to Jordan several times this year due to the tense situation in Sinai and multiple explosions on the export pipeline.

Apple Inc. signaled Saturday that it would be expanding its retail operations to the Gulf, posting job ads for a range of positions in the United Arab Emirates.
04:55 GMT

With retail operations in just 16 countries, Apple offers a wider range of services and experiences in its official stores than are available from authorized and unauthorized resellers.

August 14, 2014

 Drake & Scull’s profit for the period dropped to 25.9 million dirhams from 44 million dirhams a year earlier.
23:25 GMT

“The payment situation for contractors hasn’t improved since the beginning of 2013” even as the Dubai economy strengthens,

Lebanon’s Parliament has not approved a budget since 2005.
22:57 GMT

The Finance Ministry said Wednesday that the treasury has money to pay the salaries of civil servants for only two months,

The company said it plans to float a tender, inviting bids from pre-qualified companies for constructing the first package of the 170-km Sohar-Buraimi route this month.
22:51 GMT

The Oman Railway Company (ORC) unveiled a list of pre-qualified consortiums to undertake its national railway project on Wednesday, according to a report by theTimes of Oman.

The move into Eritrea is in line with the airline’s ongoing strategy to serve emerging markets largely underserved by international airlines.
22:43 GMT

Qatar Airways will become the first Gulf carrier to serve Eritrea from December 4.

Upon the recommendation of Transport Minister Lina Shbeeb, the Cabinet also approved the draft agreement between the governments of Jordan and India on marine transport cooperation.
12:37 GMT

The Cabinet on Wednesday approved several recommendations and projects at a meeting chaired by Prime Minister Abdullah Ensour.

Andraos, who has been teaching at Columbia since 2011, is the first woman to become a dean at the school, according to the statement released by the university Tuesday.
12:19 GMT

Before Columbia, she taught at Princeton, Harvard and the University of Pennsylvania in the U.S., and at the American University of Beirut in Lebanon.

 
An energy powerhouse, Iran has the second-largest reserves of natural gas in the world after Russia,
12:06 GMT

Condensates represent a gray area in the oil and gas world, and even OPEC is challenged about how to define the product.

August 13, 2014

New tenants are exempted from any cost adjustments for three years from the start of their tenancy contract.
22:40 GMT

Sharjah residents have been advised to report to the municipality any unnecessary rent increases imposed by their landlords.

The airport is set to open in 2017 and will be the largest airport in the world, serving 150 million passengers annually.
21:41 GMT

İstanbul's third airport, currently under construction and set to open in 2017, will be named after President-elect Recep Tayyip Erdoğan.

Egyptian guest workers represent the majority of the 108 nationalities working in the Kingdom, constituting 62 per cent of the total number of guest workers.
21:09 GMT

The Jordanian side presented a briefing on efforts to regulate the labour market and rectify the statuses of guest workers.

Russia will supply at least 5-5.5 million tonnes of wheat to Egypt this year and will increase agricultural goods imports from the North African country.
20:52 GMT

In the previous 2013/14 marketing year, Russia supplied 3.6 million tonnes of wheat to Egypt.