Main headlines

January 14, 2014

China's top crude supplier Saudi Arabia is set to ship about the same volumes to Chinese buyers in 2014 as it did last year, as the world's second-largest oil consumer takes more from Iraq and Central Asia, traders said.
22:03 GMT

Iraq, for example, has been offering cheaper prices and better payment terms to Asian buyers this year as it increases its output,

The final stage includes voting on the site at the meeting of the UNESCO’s World Heritage Committee
21:43 GMT

From Thursday, Jeddah city will be hosting the 10-day “Jeddah Historic Area Festival” under the patronage of Prince Mesh’al bin Abdullah,

Egyptian stock markets have been improving since last November (File Archive)
13:55 GMT

Egypt's stock market on Tuesday hit its highest level since the 2011 revolution.

Dubai Duty Free is planning to launch an online portal that allows flight passengers to purchase goods before they arrive at the airport (File Archive/Shutterstock)
13:39 GMT

For flight passengers heading to Dubai, your next Duty Free purchase could be made online even before you arrive, if you wish says the company's Executive Vice Chairman

Airlines in the region have benefited from strong growth in business-related premium travel. (Image credit: Wikipedia)
11:02 GMT

Globally year-to-date international passengers demand growth till November was 5.1 per cent while Middle East witnessed more than 12 per cent.

The sudden availability of Iranian oil is one of the many factors driving uncertainty in the oil market. (Image credit: Shutterstock)
09:35 GMT

Oman’s Ministry of Oil and Gas said Monday the amount of crude oil produced in December was off from the same month in 2012.

The regulations, which will be implemented from February 1, ban cafes from operating within 150 metres of residential areas, schools and mosques.
03:55 GMT

New rules regulating shisha cafes in Abu Dhabi come into effect by the end of this month, with officials confirming that violators will be punished.

January 13, 2014

Online portals feel jobs in the construction and real estate market will trickle in after March-April, 2014.
22:29 GMT

One of the biggest highlights of Dubai’s successful bid for Expo 2020 is the prediction of creation of over 275,000 jobs in various sectors across the economy.However

"While retail demand [in the other emirates] is growing amidst a rising population, changing consumer trends and high per capita income, demand is far more focused on meeting the immediate needs of the local community.”
21:37 GMT

Unlike in Dubai, mall owners and developers in Sharjah are not rushing to build massive new projects to make full use of a resurgent retail sector.

On the other hand, real estate expert Marie bin Mubarak bin Mahfooz said real estate prices will spike this year because of the increasing demand on lands and properties.
15:20 GMT

"The attractive investment environment in Makkah has become the focus of many real estate investors and venture capitalists who have moved to form large conglomerates, pumping huge liquidity in the market."

UAE is set to become the world's leading consultancy hub in 2014 (Courtesy of UAE Interact)
10:00 GMT

UAE is set to become the world's fastest growing consulting market in 2014.

UAE ranks ninth in the world's top superyacht-building shipyards (File Archive)
09:19 GMT

UAE has been named among the world's top 10 superyacht-building nations in a recently released report.

Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum has called for an end to sanctions on Iran in his interview with BBC (Courtesy of Arabian Business)
07:58 GMT

In an interview with BBC, Dubai's ruler Sheikh Mohammed Bin Rashid al-Maktoum called on the world to end sanctions. Here's why...

The Passat was largely influential in Volkswagen Middle East recording its most successful ever month in July last year when sales rose 51 per cent on the same period in 2012
03:55 GMT

Volkswagen Middle East has reported a 30 per cent rise in deliveries across the GCC for 2013 compared to 2012.

The Italian government has been leading the charge to reopen the Iranian marketplace in order to cash in on Tehran’s energy sector.
03:55 GMT

The US officials are concerned that the Italian government’s recent rush to reenter the Iranian marketplace could hasten the collapse of economic sanctions against Tehran.