Main headlines

February 9, 2014

2014 to be expected another positive year for real estate sector in the UAE, Dubai in particular
09:41 GMT

There will be tremendous demand for offices and commercial properties in Dubai this year, due to the rising confidence in both the emirate’s economy and the real estate sector.

Bahrain and Jordan are the only two countries that have fully liberalised their telecom sectors according to World Bank standards (File Archive)
09:40 GMT

Jordan and Bahrain are the only two countries in the MENA region that have fully liberalised their telecom sectors, according to a recently released World Bank report.

It said that last year, GDP in Palestine grew by 1.5 percent.
03:55 GMT

The International Monetary Fund said Thursday that success in Middle East peace talks could boost Palestinian economic growth while failure could cause increased debt.

This marks the first rise in foreign reserves since last August.
03:55 GMT

Egypt’s net international reserves surged at the end of January to record $17.105bn

February 6, 2014

China's military expenditure had increased by some 40 percent since 2010, raising it to an estimated $112 billion.
18:39 GMT

Overall global defence spending probably fell marginally in 2013, it said, but increased dramatically in Asia and the Middle East.

The statistics showed that more than 2 million tourists visited South Sinai and the Red Sea during the first quarter of 2013.
16:57 GMT

The Egyptian Tourism Authority (ETA) has officially released the country’s tourism figures for 2013, and it's really good news.

The action plan includes projections for growing demand on electricity
13:55 GMT

UAE aims to set up a draft plan for developing domestic energy policies and vision up to 2030, said a report, citing the country's energy minister.

Jordan’s oil imports from Iraq represent around 10 per cent of the Kingdom’s daily needs
12:55 GMT

Jordan’s oil imports from Iraq have been halted due to security conditions in Anbar province.

Saudi Arabia hopes it $9.5 billion investment in building the new mining industrial city will increase economic growth to the Kingdom (Courtesy of Arabian Industry)
12:00 GMT

Saudi Arabia just signed $9.5 billion worth of contracts to establish a new industrial city in KSA focusing on mining.

Several global automakers have reportedly been considering proposals to set up plants to manufacture cars in the kingdom
10:03 GMT

China is studying whether its automakers could start manufacturing cars in Saudi Arabia to help meet increasing demand.

Tourism, one of Lebanon's biggest industries, has plummeted over the past three years (File Archive)
08:36 GMT

Lebanon's economy is continuing to plummet, particularly in the construction, retail and services sectors according to data from January this year.

Etihad will now fly to seven global regions with the addition of Africa Sub-Sahara and Indian Ocean (File Archive)
08:18 GMT

Etihad Airways is preparing to open a new sales region-Africa Sub-Sahara and Indian Ocean.

The scheme, launched this week, is open to all ADIB customers and comes at no extra charge.
03:55 GMT

Abu Dhabi Islamic Bank (ADIB) is offering a six-month break on repayment installments on personal and vehicle financing in the event of loss of employment to ease the budren on customers as they transition between jobs.

The Gulf Arab state is spending billions of dollars in areas such as transport, electricity and water generation and housing,
03:55 GMT

Qatar plans to spend as much as $205 billion on infrastructure between 2013 and 2018,

On narrow-body planes, both the Airbus A320neo and the Boeing 737 MAX are being considered, he said.
03:55 GMT

Saudi Arabia’s stock market witnessed five new listings in 2013 with a combined value of SR1.96 billion ($523 million).