Main headlines

December 17, 2012

Money managers are worrying about the lack of finance for 2013
03:00 GMT

Managers in the Middle East are worrying over the potential lack of funding for projects next year as new regulations make it harder to get hold of the much needed cash.

December 16, 2012

A gas pipeline has been attacked in Yemen
12:05 GMT

A gas pipeline was blown-up last night, according to a statement by operators Yemen LNG.

The Egyptian stock exchange has made significant gains on Sunday on the news of the referendum result
10:44 GMT

Egypt's stock market registered significant gains on Sunday morning, with the main EGX30 index gaining a vigorous 1.3 per cent to stand at 5,231 points as the first phase of the voting for the constitutional referendum ended.

Saudi non-oil exports to the GCC have almost halved
10:30 GMT

Non-oil exports from Saudi Arabia to the GCC almost halved in October this year, according to the Kingdom's Central Department of Statistics and Information (CDSI).

New Islamic banking regulations are due in the first quater of 2013, according to the executive president
09:28 GMT

The Central Bank of oman has announced that new Islamic banking regulations will be introduced by the first quarter of 2013, executive president H E Hamood Sangour al Zadjali has said.

Share prices for Apple dropped on poor sales of the iPhone in China
08:22 GMT

Stock prices for tech giant Apple dropped significantly over the weekend after poor sale performance in China.

The Saudi real estate market is growing
08:12 GMT

Saudi Arabia's real estate market estimated at more than SAR 1 trillion is growing at the rate of six per cent annually.

Inflation in Abu Dhabi has increased by 0.8 per cent in 2012
07:55 GMT

Average consumer prices in the emirate of Abu Dhabi increased 0.8 per cent in November compared with the same month a year earlier, Statistics Centre Abu Dhabi (SCAD) said on Saturday.

The USA: Exporting global capitalism one sticky cinnamon bun at a time
07:36 GMT

The US, the vanguard of global capitalism, exporting the free-market ideal to many an Arab country, is up to its old tricks again, with a new secret weapon: sweet, sticky cinnamon rolls.

Jordan's construction industry could collapse due to unpaid government dues
06:49 GMT

Jordan's construction industry is on the verge of collapse owing to non-payment by the government.

Egypt could lose $20 billion in investments, a Qatar-based scholar has claimed
01:00 GMT

Qatar-based Egyptian Islamic preacher, Youssef Qaradawi, has urged his native countrymen and women to vote 'yes' in the ongoing referendum, saying Egypt could lose $20 billion in investment from his adoptive homeland should they vote 'no'.

December 13, 2012

Saudi Arabian Prince Alwaleed bin Tala claims he is paid just one Saudi Riyal a year
10:50 GMT

Saudi Arabia’s Prince Alwaleed bin Talal has revealed he is paid a salary of just SAR1 (US$0.25) per year and charges his company Kingdom Holding the same amount in annual rent.

Official inflation is at 26.1 per cent, but some experts claim it could be between 50 and 196 per cent
09:52 GMT

Inflation in Iran has hit 26.1 per cent, although experts believe the real figure to be over 50 per cent, as the rial nose-dived earlier this year.

Jordan and Iran have discussed increased cooperation in the transport and energy sectors
09:20 GMT

Jordan and Iran could forge closer ties in the transport and energy sectors after a meeting between the Hashemite Kingdom's Minister of Energy and Minister of Transport Alaa Batayneh on Wednesday met with his Iranian counterpart Ali Nikzad

Google is looking set to launch a map app for Apple products
09:06 GMT

After the debacle of Apple's own map app, leaving users lost and places wiped off the face of the earth, Google is looking set to launch a rival app for the iPhone.