Main headlines

December 19, 2013

Rising Saudi energy demand is a bigger threat to Saudi Arabia than surging US shale output, Jadwa Investment bank says in a study published on Wednesday.
03:55 GMT

Jadwa said: “In all thus, we doubt that tight oil production will significantly impact the world’s oil industry over the long term. In particular, we do not see it affecting Saudi Arabia’s situation.”

December 18, 2013

"A swift implementation of the voluntary measures by all sides is now key," the EU ministers' statement said.
17:15 GMT

An EU official said the suspension would take place "as soon as possible" .

The UJ president told The Jordan Times that the bank account number for donations will be announced on Wednesday.
12:07 GMT

Infrastructure, electricity cables and sewage networks were damaged during the blizzard, as well as ancient trees in the university forest, according to Tarawneh.

The article received a severe backlash from readers and senior Pakistani officials in the UAE, who ridiculed the article and demanded an apology.
11:56 GMT

Pakistan’s foreign Affairs Ministry has slammed a recent editorial by Dubai newspaperGulf News, which accused the country of “betraying” the UAE by not supporting Dubai during the Expo 2020 vote on November 27.

The 2014 Infiniti QX70 features "amplified sense of acceleration" and improved fuel efficiency (Courtesy of Infiniti)
11:44 GMT

Luxury car bran Infiniti has launched two new models into the Lebanese market: the QX60 and the QX70.

In total, 32 per cent of government staff will benefit from the new move.
11:23 GMT

The increment will be paid retroactively as of June 2013 and will be adjusted in the December 2013 salary, the statement added.

The aviation industry is booming on all front in the GCC. (Image credit: Shutterstock)
06:36 GMT

Sanad Aero Solutions, Mubadala’s spare engine and component financing and leasing solutions companies, which has engine leasing relationships with airberlin is now worth more than $130 million under a new sale and lease back agreement

Demand for iron has increased due to "abundant" projects in the Kingdom (Shutterstock)
06:29 GMT

Despite a recent stagnation, Saudi's iron market is back and thriving.

The diverse holdings of Majid Al Futtaim will be unified under a common brand. (Image credit: Arabian Business)
06:11 GMT

Dubai-based shopping mall, retail and leisure group Majid Al Futtaim has heralded a new era in the family-owned company by announcing Tuesday a $5 billion investment plan as part of its new unified branding push.

December 17, 2013

UAE's Shaikh Mohammed said that the country will begin recognizing employees for their innovation and transparent practices in the workplace (Shutterstock)
13:41 GMT

The UAE announced this week that it has launched a campaign to reward employees for bringing innovation and "virtues of transparency" into their workplaces.

Nawras hopes the new 'Shahry Business Packs' will provide its customers with 'significant savings' (File Archive)
12:46 GMT

Oman-based telecom operator Nawras has recently launched a new business package deal for mobile users in the Sultanate.

Qantas blamed its predicament on record fuel costs and fierce competition from subsidised rivals.
11:45 GMT

Earlier this month, Qantas forecast a half-year loss of up to $269 million and said it would axe 1,000 jobs, leading to a credit downgrade from Standard & Poor’s, which cut its rating to “junk” status.

Sunday’s hearings were postponed to Dec. 26 after defence lawyers sought time to review evidence presented by the prosecution.
10:14 GMT

The charges, mostly involving infrastructure projects, were outlined in six trials that opened on Sunday.

UAE markets are quite strong despite nervousness in global markets. (Image credit: Shutterstock)
06:00 GMT

The real estate, construction, banks and telecom sectors dominate most of the trade.

Palestinian border official Raed Fattouh said Sunday's fuel shipment was paid for by Qatar.
03:55 GMT

A lack of fuel has hampered the rescue efforts in Gaza, where flooding from heavy rains has forced about 40,000 residents from their homes.