Main headlines

March 16, 2014

Sotheby's sales in Doha last year amounted to an estimated $15.2 million (Shutterstock)
14:00 GMT

Sotheby's and Art Dubai are hoping to woo more MENA investors to the art market this month with the annual art showcase set for the UAE and the announcement this week from Sotheby's that Damien Hirst's "Tranquility" will be auctioned in Doha in late April.

Sixty percent of the region's upstream oil transactions in 2013 were from the UAE, Oman and Iraq (File Archive/Shutterstock)
12:00 GMT

MENA's upstream oil transactions increased in both quantity and value in 2013.

The monthly gain was a relatively modest KD51 million, less than a third of the KD180 million average monthly gain seen in 2013
09:55 GMT

Kuwait witnessed a steady 8 per cent growth in its bank credit in January mainly driven by the household borrowing despite a third consecutive month of declining business credit.

The new bridge and service roads will ensure free traffic movement to access the Bluewaters Island featuring an array of spectacular waterfronts
08:09 GMT

Dubai has announced two more massive road projects providing easy access to International City and the Bluewaters Island — a new tourist attraction off the cost of Jumeirah Beach Residence (JBR).

"The current incompatibility of chargers ... is a nightmare and a real inconvenience for consumers."
03:55 GMT

If adopted, the legislation would supercede a voluntary system of standardization created in 2010, following an agreement among phone producers including Nokia, Sony Ericsson and Samsung.

 Emaar talked about listing its shopping mall unit but was forced to put the plan on hold as the emirate's real estate and stock markets collapsed.
03:55 GMT

Emaar, Dubai's biggest listed real estate developer, did not specify the stock exchange on which the shares in its unit would be listed, and gave no timetable.

Egypt's stock market closed the week on Thursday with a three-year high as daily turnover of listed securities hit LE1.4 billion ($201 million).  The broader index EGX70 dropped 1.35 percent in a session that saw mostly Egyptians as net suppliers, while Arab investors were net sellers at a net value of LE8 million ($1.15 million).
03:55 GMT

Abdel-Aziz said that stocks under LE5 ($0.72) per share made up almost 60 percent of the market's turnover.

March 13, 2014

Lebanon's airport numbers have gone down dramatically over the past three years due to the country's domestic turmoil as well as the neighboring war in Syria (File Archive)
14:00 GMT

The number of passengers at Rafik Hariri International Airport declined 7 percent in February 2014 compared with the same month of 2013,

Singapore Tourism Board is in the process of developing materials in Arabic to lure more tourists from MENA and the Arabic-speaking world (File Archive/Shutterstock)
13:00 GMT

Singapore is boosting its efforts to woo Saudi tourists to its island city location.

Iran's oil production has decreased by 171,000 bpd since 2012
11:55 GMT

Iran's crude oil output increased by 49,700 barrels per day in February compared to the previous month.

Despite drops in the stock market this week, Dubai's exchange still remains one of the top 10 performers globally (File Archive)
10:24 GMT

UAE's stock markets plunged again this week, but Dubai's index still remains as one of the top 10 performers globally.

The next 10 years should see a better mix of energy generated from coal, nuclear, and solar sources
09:55 GMT

In order to cater to around 25 million visitors who are expected at the Expo 2020, Dubai needs to produce more electricity, and reduce energy loss.

Iran sits on the world's second largest natural gas reserves after Russia (File Archive/Shutterstock)
08:40 GMT

Iran and Oman have signed an energy deal in which Tehran will provide Muscat with 10 billion cubic meters of natural gas per year.

2013 brought an improved financial outlook for the country's economy
07:04 GMT

An increased budget deficit plus a rising inflation rate are key challenges facing Bahrain

The 180 million soft loan deal will be signed in Brussels on Tuesday (File Archive/Shutterstock)
05:00 GMT

Jordanian officials met with EU counterparts Wednesday to discuss a 180 million euro deal.