Main headlines

January 24, 2014

That growth would be driven by overseas demand — Toyota expects volume at home to slip 5 per cent this year as consumer demand takes a hit from an April sales tax hike.
07:52 GMT

Toyota sold a record 9.98 million vehicles last year, it pointed out Thursday, outpacing rivals General Motors (GM) and Volkswagen to maintain its title of world’s biggest automaker.

January 23, 2014

Lebanese authorities say that Syrian refugees have been a huge economic burden in their country (File Archive/AFP)
11:07 GMT

U.N. aid agencies will give preference to purchasing goods and products from Lebanon in order to relieve the economic burden from the Syrian refugee crisis on the Middle East's country's economy.

The ambassador and the prince also discussed a number of topics related to economic bilateral ties between Saudi Arabia and Portugal.
03:55 GMT

The prince welcomed the idea to invest in Portugal and promised to visit the country in the near future.

International business leaders gathered in Davos for the 44th World Economic Forum Annual Meeting urged governments on Wednesday to make policy changes needed to stimulate the job market and restore trust between businesses and civil society.
03:55 GMT

“We must change the dialogue from what we do with the money we make to how we make the money,” Indra Nooyi, chairman and chief executive officer, PepsiCo, USA, said.

January 22, 2014

While not neglecting subsidizing other goods, the official said that prioritizing energy products over other goods is due to a new direction followed by the government.
22:04 GMT

Egypt is participating in the forum to restore international confidence in the country’s economy, and present some planned reforms.

Cheap energy in the region has also attracted energy-intensive industries such as aluminum smelters.
21:56 GMT

The United Arab Emirates is consuming far too much energy and may have to raise prices to encourage consumers to change, the energy minister said.

Baghdad is seeking to dramatically ramp up exports to fund desperately needed reconstruction of Iraq’s conflict-battered infrastructure and economy.
21:42 GMT

Iraq’s oil exports and revenues declined in 2013 compared to the previous year, official figures showed Wednesday

The UAE’s largest builder surged 3.57 per cent and close the day at Dh3.48 after touching Dh3.49, the highest intraday level since October 2008
21:36 GMT

The mega project, which will generate around 4,000 jobs for Jordanians, boosts the construction firm’s project backlog to a record Dh40 billion.

Growth in the Middle East and North Africa, along with Afghanistan and Pakistan, is expected to stand at 3.3 percent this year, lower than the 3.6 percent
13:55 GMT

The International Monetary Fund (IMF) has cut its growth forecast for the Arab world, despite the global economy being expected to pick up in 2014.

Qatar will host the 2022 World Cup and the UK has offered to train and offer expertise to Qatari planners for the world class event (Courtesy of Wikimedia)
12:00 GMT

The United Kingdom will offer its expertise on hosting world sporting events to Qatar for its highly-anticipated hosting of the 2022 World Cup.

The trams will operate between two kilometres from Al Sufouh Depot near the Police Academy and the Knowledge Village
11:55 GMT

The trial runs on Dubai Tram will begin on Sunday with the initial batch of 11 trains that arrived in Dubai and have been put on the rail tracks.

Saudi Arabia is poised to become the first manufacturing country in the region
10:13 GMT

Saudi Arabia has the golden opportunity to attract global investments and is moving in the “right way” to become the leading manufacturing country in the region.

Dubai, Qatar, Kuwait and Saudi Arabia are on the list of areas A&K is looking to expand to, he said.
03:55 GMT

The boutique is the company’s first step in its expansion in the UAE and GCC.

The dangers of the growing lack of clear global political leadership at time when global governance is drifting will be a major theme at this year’s Annual Meeting of the World Economic Forum in Davos.
00:07 GMT

And this year’s Annual Meeting will flag up a new urgency because it is not a time for inaction.

All in all, Iran’s trade balance with 96 countries was positive in the first eight months of 2013, according to data released by the Iranian Customs Administration Office.
00:02 GMT

The two-way trade grew by 5.3 percent in the first ten months of 2013 in comparison to the corresponding time last year.