Main headlines

February 2, 2014

OPEC reported its lowest output in over two years in December 2013 (File Archive)
12:00 GMT

OPEC's oil output has risen since its December low due to a partial recovery in Libya's oil supply.

As the elderly population grows in the Gulf, can the region's healthcare sector meet the growing demand? (Shutterstock)
11:00 GMT

As Gulf populations age, the region is becoming more concerned with the lack of skill development within its healthcare sector.

Oman has the main ingredients to be not only an international player, but also a hub for trade and transit
08:59 GMT

Oman’s efforts aimed at building trade infrastructure and diversifying its economy will help the country become a major player in global trade.

While Abu Dhabi is known for attracting business tourism, it is increasingly becoming a destination for leisure tourism as well (File Archive)
08:44 GMT

More and more tourists are flocking to Abu Dhabi for leisure rather than business tourism, according to Emirates News Agency.

Of the 2.228 million bpd exported in January, 2.036 came from Basra and 192,000 from Kirkuk,
04:55 GMT

Crude exports from Iraq declined in January to an average of 2.228 million barrels per day (bpd) but should rise next month, Oil Minister Abdul Kareem Luaibi said.

According to the McKinsey Global Private Banking Survey 2013, the total high net worth wealth in the Middle East is predicted to increase by $3.3 trillion by 2014.
04:11 GMT

“At this point, the UAE’s shipbuilding growth appears really unstoppable.

January 31, 2014

During Erdogan’s stay, Iran and Turkey signed a number of agreements, including a preferential trade agreement, which can dramatically increase the trade ties between the two countries.
12:26 GMT

The Leader made the remarks during a meeting with Turkish Prime Minister Recep Tayyip Erdogan in Tehran.

January 30, 2014

Iraq is poised to triple its crude oil output from three million barrels per day to nine million by 2020.
20:03 GMT

The combined oil reserves of Iraq and Iran are greater than that of Saudi Arabia - the world’s second largest producer of crude after Russia.

The ban on investing in the firms revived a three-year prohibition on them that the Government Pension Fund of Norway had dropped in August last year.
19:43 GMT

Norway’s huge sovereign wealth fund blacklisted two Israeli companies involved in construction of colonies in occupied East Jerusalem.

Arabian Oud opened its first showroom in Europe in 2010 (Courtesy of Trade Arabia)
12:01 GMT

Arabian Oud company is spreading Middle Eastern sweet scents to international audiences with its latest bid to strengthen its UK presence.

Egypt's Central Bank will receive $4 billion in total from KSA by September (Courtesy of Al Arabiya)
10:50 GMT

Saudi Arabia gave Egypt's central bank $2 billion in aid, and plans to give Cairo $2 billion more by September this year.

India and Bahrain have a trading relationship that stretches back thousands of years
09:55 GMT

Key ministerial level talks on Bahrain-India bilateral trade concluded yesterday during a visit by a Bahraini delegation to Bengaluru, the capital of the southern Indian state of Karnataka.

Based on the education sector’s historical growth over the last 10 years, 110 new schools are expected to enter the market in the next seven years
08:55 GMT

The growing demand for education in Dubai will increase the number of schools by 70 per cent in less than a decade.

Despite the crackdown, some street vendors return after GAM inspectors leave, according to Ebbini, who said GAM teams do what they can to cover all parts of the capital.
03:55 GMT

There are no “licensed street vendors”, according to Ahmad Ebbini, the director of GAM’s department to regulate street vendors.

January 29, 2014

During the last 10 days, Egyptians have reported regular electricity cuts, the second wave of its kind this winter.
22:42 GMT

Power cuts have become frequent in Egypt even in winter when consumption is considerably lower than in the summer.