Main headlines

October 29, 2014

The report notes that children of single-parent families are in the worst situation.
19:00 GMT

Only Spain, Greece and Latvia have more child poverty than Israel.

The institute will be based in the US, according to Moataz Al Khayyat, the head of the Al Khayyat Group in the GCC.
17:55 GMT

Leading Syrian business group based in the GCC will establish a center in the Middle East as part of its efforts to rebuild Syria.

The study also showed that the Syrian refugee influx impacted job opportunities in the private sector as Syrian workers highly compete with Jordanians in the non-official labour market.
14:08 GMT

Syrian refugees clinched more than 31,000 jobs, which constitute 91 per cent of job opportunities that Jordan is required to create annually.

October 28, 2014

Brent is set to average $85 a barrel in the first quarter, down from a previous forecast of $100.
17:56 GMT

US oil prices tumbled to a 28-month low below $80 per barrel on Monday after Goldman Sachs slashed its price forecasts.

Apart from Macy’s and Bloomingdale’s, Al Tayer Group also operates the UK’s Harvey Nichols store at Mall of the Emirates.
17:30 GMT

The first Macy’s - the iconic department store - outside the US will open at Abu Dhabi’s Al Maryah Central in 2018

Lebanese and Arab banks, with the help of Central Banks, have upgraded their regulations and laws in recent years to be in line with international norms.
17:16 GMT

U.S. officials urged Arab bankers who attended a recent conference in New York to maintain measures to combat money laundering and terrorist funding.

The IMF had previously warned that rapid rises in Dubai real estate prices, which earlier this year were in some cases a third higher than they were 12 months previously.
16:50 GMT

Increases in Dubai's property prices have moderated quite a lot and the International Monetary Fund (IMF) is now less concerned about them than it was in May

In launching Apple Pay, the iPhone maker hopes to lock in more customers for its mobile devices by enhancing their overall utility.
13:42 GMT

Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker's mobile payments service.

According to the IMF, the government's budget was coming under pressure from rising security spending and relieving the humanitarian crisis.
09:13 GMT

Iraq's economy is likely to shrink 2.7 per cent this year, the first contraction since the US-led invasion in 2003.


“The future success of the GCC economies will be closely tied to ongoing efforts to boost the employment of nationals in the private sector and to increase economic diversification
04:55 GMT

The GCC economies have been amongst the best performing in the world in recent years, and are expected to grow 4.5 per cent in 2014-15, said Christine Lagarde.

Mohammed Al-Issa told Al-Hayat newspaper on Sunday that other reasons included marriage conflicts, forgery, depression and ethical issues.
04:55 GMT

An average of 100 Saudis studying in the US are expelled from the country annually for various reasons, including violating immigration rules

October 27, 2014

Iraq's oil supplies were held back by decades of war and sanction
19:42 GMT

Iraq's oil exports from its southern terminals are holding close to a record high in October and Kurdish shipments are climbing,

Oil prices have fallen by a quarter since June as excess supply and weaker demand create a glut on world markets.
17:51 GMT

Gulf states, which have based their budgets on an oil price of $80 a barrel or less, are likely to remain relatively sanguine about current oil market conditions.

During the meeting, Hollande and Alwaleed discussed political, economic and cultural matters.
17:15 GMT

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC), attended recently a dinner at the French presidential palace, The Elysee, on the invitation of French President François Hollande.

The report said the reserves had increased by $15.7 billion in the first six months of the year.
14:09 GMT

Kuwait had accumulated reserves of $548 billion as of June 30 after continued growth in the first six months of 2014