Main headlines

December 4, 2014

The OECD countries head the list of the most corruption-free countries.
04:55 GMT

Israel is one of the most corrupt countries in the Organization for Economic Cooperation and Development (OECD), according to the 2014 OECD Corruption Perceptions.

December 3, 2014

It will buy about 2.5 million tonnes a year of high sulphur gasoil from state company KPC
19:54 GMT

Pakistan has finalised a gasoil supply deal for 2015 with Kuwait, which supplies 90 per cent of its demand for the fuel it uses for electricity generation and transport.

Jordanians bought nearly 90 per cent of the apartments as non-Jordanians purchased only 3,270 residential units in the first 11 months of the year,
19:17 GMT

Jordan's real estate trading is continuing unabated due to a steady surge in property sales, official data showed Tuesday.

Brent Crude prices fell to their lowest levels since December 2010 at $69.7 for early transactions Sunday.
18:57 GMT

“We will not increase fuel imports because the financial resources are not available,” says EGPC chairman El Molla

The poll, which included a sample of 1,200 families in the country’s 12 governorates, addressed Jordanians’ satisfaction of five main rights.
14:00 GMT

Two-thirds of Jordanians (68.3 per cent) are satisfied with the socio-economic rights they enjoy,

The situation is somehow better for health professionals working in private sector.
05:55 GMT

Jeddah tops in medical errors, with gynecology and maternity cases taking the top slot.

The mission, to be led by emiratis, will make the UAE one of nine countries with space programmes to explore Mars.
05:55 GMT

The recently created UAE Space Agency, established to help the country send the region’s first unmanned mission to Mars.

Saudi Arabia’s market regulator suspended share trading in both companies.
04:55 GMT

Zain Saudi, Saudi Arabia’s No.3 telecom operator, said on Tuesday that a SAR2.2 billion ($586.28 million) claim from Mobily was unfounded.

In the GCC region, Saudi Arabia’s PMI index for October retreated (59.8) from its peak in September (61.8) on lower crude oil prices.
04:55 GMT

The sharp decline in the crude oil prices would put “some pressure” in equity markets in the region.

The Prime Minister said he would not tolerate opposition within the government and will call elections.
04:55 GMT

Prime Minister Benjamin Netanyahu has fired Minister of Finance Yair Lapid and Minister of Justice Tzipi Livni.

December 2, 2014

“The cabinet stressed that the Kingdom’s oil policy is emanating from economic fundamentals,
16:36 GMT

Saudi Arabia said on Monday that its oil policy was based on economic principles, as speculation continued to swirl after last week’s OPEC meeting of political motives aimed at other producers.

Jordan, which is the largest producer of digital games in the region, contributes about 60 per cent of the games developed in the Middle East.
16:22 GMT

Sony Mobile is interested in cooperating with Jordanian game and app developers and boosting their skills.

The regional projects tracker said for Qatar’s project market, the outlook from now to 2020 is extremely strong.
16:06 GMT

Driven by FIFA 2022 and Qatar National Vision 2030, the country’s “active projects market” has been estimated at $285bn.

Time is the most important but under-appreciated variable in analysis and forecasts of commodity markets.
05:55 GMT

Sluggish demand growth in response to the quadrupling of prices between 2002 and 2012 is at least as a big a challenge for the group.