Main headlines

August 31, 2014

As of yet, says Emirates NBD, there are few details on which projects will be included in the new investment plan, or which sectors Algiers intends to target.
15:18 GMT

The Algerian government announced a new five-year investment programme last week, and is aiming to spend $262 billion between 2015-2019 in an effort to diversify its economy.

Qantas Group declared a before tax loss of 642 million Australian dollars (Dh2.2 billion) and a statutory after tax loss.
14:33 GMT

“People who once flew on Qantas operated aircraft who suddenly fly on the Emirates operated aircraft are seeing a big improvement in quality. Instead of booking on the Qantas website they are now just jumping on the Emirates website.”

Hotel occupancy in Dubai slid by 4.6 percent in July (File/AFP)
11:31 GMT

Dubai's hotel sector barely managed to break even in July. Occupancy levels slid by 4.6 percent due to a summer slowdown including the month of Ramadan.

Flydubai will launch three new routes to East Africa in September (File/AFP)
10:38 GMT

Flydubai added three new routes to East Africa, which will be launched in September making it the first Emirati carrier to fly to Rwanda and Burundi.

The wind farm will save up to $475,000 annually in the tiny islands (File/AFP)
09:58 GMT

One of the UAE's biggest clean energy companies, Masdar, has developed Samoa's first wind farm on the island of Upolu.

The Airbus A350 is due to be launched later this year (Image: Gulf Business)
09:36 GMT

Qatar Airways prepared to receive the Airbus A350 Xtra Wide Body aircraft for delivery by the end of 2014.

There could be a possibility of overheating in the market according to the Qatar National Bank's report (Image: Real Estate Qatar)
07:45 GMT

Real estate prices in Qatar continue to rise with average prices of both commercial and residential properties increasing by 20 percent since September 2008, according to data from the Real Estate Price Index.

The irrigation minister added that additional studies would determine whether the projected height of the dam – along with its storage capacity – would have any negative consequences for Egypt.
04:55 GMT

Relations between Cairo and Addis Ababa soured last year over Ethiopia’s construction of the $6.4-billion hydroelectric dam on the Blue Nile.

With a population of 1.8 million, Gaza is a densely populated coastal strip of urban warrens and agricultural land that still bears the scars of previous rounds of fighting.
04:55 GMT

Any effort to rebuild Gaza will be hindered by a blockade imposed by Egypt and Israel since the Islamic militant group Hamas seized power in 2007

Samsung said the Gear S will start selling from October. It did not give details on pricing or where it will be available.
01:58 GMT

The world’s biggest smartphone maker has been pushing hard to develop the wearable devices market as it looks to counter slowing earnings in its mobile division

August 28, 2014

CEO of Jannah Hotels and Resorts, Imad Darwish, said there is a greater need of hotels ahead of Dubai Expo 2020 (Image: File)
11:55 GMT

Jannah Hotels and Resorts is planning to expand across the UAE by introducing more apartment hotels and brands to the company.

Number plates in Dubai haven’t changed for decades
11:55 GMT

Vehicles registered in Dubai will soon have number plates with new designs as the Roads and Transport Authority (RTA) is working on plans to replace the existing designs and colours.

The new models of watches are available throughout the GCC (Image: Casio)
11:46 GMT

Casio Middle East unveiled two new Edifice time pieces throughout stores in GCC countries.

Petrochemicals supported the uptrend of the kingdom's stock market (File/AFP)
11:33 GMT

The Tadawul All-Share Index breached 11,000-mark with a six-year high. Strong global demand for petrochemicals supported the increase.

Saudi Arabia's unemployment rate is believed to be around 11.4 percent (File/AFP)
10:46 GMT

Saudi authorities denied reports that a proposal to reduce public sector working hours to 40 a week was being scrapped.