Main headlines

June 2, 2014

Exports in Iraq have been hit by persistent militant attacks on a pipeline connecting the northern province of Kirkuk to the Turkish Mediterranean port of Ceyhan.
03:55 GMT

Oil revenues account for the lion's share of government income, and the authorities are seeking to dramatically ramp them up to fund much-needed reconstruction of Iraq's conflict-battered economy and infrastructure

The measure is designed to target the lowest-earning of government employees, namely in the education and healthcare sectors, as well as the state-run religious institution of Al-Azhar.
03:55 GMT

The law will include full-time and temporary employees working in state administrative facilities, public sector companies, local administration units, public agencies and other government institutions.

The insurance sector saw its trading volume more than triple to 0.4mn stocks and value more than quadruple to QR26.94mn on more-than-doubled deals to 204.
03:55 GMT

“A memorable day for Qatar, the QSE and all market participants, and also the beginning of a new era for our marketplace,” said the bourse’s CEO Rashid Ali al-Mansoori.

The DTEC will build on the success of the DSOA’s current technology incubation centre — Silicon Oasis Founders, or SOF — that was launched in April 2012 to promote local entrepreneurial talent in the IT sector.
03:55 GMT

he technology incubation centre offers emerging entrepreneurs an opportunity to advance their business through providing consultancy, mentoring, workspace facilities and networking opportunities.

June 1, 2014

Three years after the fall of Hosni Mubarak amid a street uprising in Tahrir Square, Egypt’s political and economic future is still uncertain.
21:29 GMT

Like President Hosni Mubarak, Al Sisi must defeat the insurgents in the Sinai and the military’s extremist opponents in the cities before he dare initiate economic liberalisation and reform.

The outlook for finance and insurance firms was stronger than for real estate and business services firms on volumes, new orders and profits
12:27 GMT

Qatar construction industry's business optimism in the second quarter of 2014 is at its highest for three years, according to a survey by a private index.

With its focus on education and vocational training, the delegation met officials of Omani universities, training institutes and businessmen
10:07 GMT

An Austrian delegation recently visited Oman with the aim of exploring possible tie-ups in the education sector.

Occupancy is expected to touch 70 per cent in Dubai
09:29 GMT

Hotels in the UAE are expected to see occupancy levels fall during June and July but pick up in August, according to analysts.

Earlier this month, international rating agency Standard and Poor’s affirmed Egypt’s long term and short-term foreign and local currency sovereign credit ratings, putting the country’s outlook at “stable”
03:55 GMT

“A very high turnout might have enhanced the legitimacy of the return to military rule in domestic and international eyes,” the credit agency says

May 29, 2014

A study released on Wednesday by global real estate consultancy CBRE put the emirate ahead of 187 other global cities based on the number of international retailing brands operating in the market.
13:13 GMT

Dubai has retained its number two spot worldwide as a retail destination, just behind London and well ahead of New York, Moscow and Shanghai.

Falih said Aramco’s refining capacity would be between 8 million to 10 million barrels a day (bpd) in the coming years, a figure exceeding the goal cited by Aramco in 2012 of 8 million bpd.
12:35 GMT

Saudi Aramco said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in the next 25 years.

Promised aid from the GCC has so far amounted to $20 billion, Sisi revealed in an interview earlier this month.
11:43 GMT

Following the landslide win, Sisi now faces the daunting task of reviving Egypt’s flailing economy and creating jobs for the rising numbers of unemployed youth in the country.

Losses were estimated at $143.8 billion, a figure the report said was based on estimated damage to residential and state buildings.
11:09 GMT

Syria's economy, rocked by four years of civil war, is shrinking fast as industrial and agricultural output falls, leaving almost two thirds of the population in extreme poverty.

May 28, 2014

Earlier on Wednesday, Reuters cited an anonymous source in the Egyptian government as saying they were studying imposing new taxes on capital gains in the bourse as well as on dividends.
19:56 GMT

Egypt’s main index fell on Wednesday as voting in the presidential elections continued and reports surfaced of a possible capital taxes.

Greenbox has purchased the centerpiece of the exhibition, entitled The Question, which was created by Al-Othman with the intent to provoke personal engagement.
19:38 GMT

The Greenbox Museum displays its art collection by Saudi Arabian artists in a single space in Amsterdam, in a similar way to the methods of display found in the earliest museums in Europ