Main headlines

August 12, 2014

The 18 and 29 year-old age group, represents 23.7% (approximately 20 million) of the total population, of which 51.1% are men and the remaining 48.9% are women.
23:21 GMT

Around 27.8% of Egyptian youth are poor while 24.1% are near the poverty line.


Revenue-per-available-room (RevPAR) has seen a 7.4 per cent decline to Dh290.23,
16:08 GMT

The initial results show an 11.8-percent decline in occupancy to 45.4 percent.

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.
15:29 GMT

Advanced economies, represented by the US, Europe and Japan, have imported goods at the fastest rate in more than two years in the last three months.

Jordan's credit challenges lie mostly in its fiscal and external accounts.
15:21 GMT

The rating agency says that although domestic politics have been fairly stable, the government faces continued pressure to maintain social spending.


Carrefour had the most significant climb up the Top 10 over the first six months of the year, jumping up five places from ninth to fourth.
13:44 GMT

Samsung is the number one ranked brand in the Top 10 Buzz Rankings across the United Arab Emirates for the first half of 2014.

To counter supply outages in Iraq and among other OPEC producers, Saudi Arabia has maintained a high level of oil output
04:55 GMT

"The more the Kingdom produces, the lower its spare production capacity becomes, meaning the smaller the cushion to cope with new supply disruptions."

Diab asserted that they would accept donations from any Egyptian, including Mubarak-era leading businessmen.
00:13 GMT

In a move to force businessmen to donate, a campaign was launched in early August to track businessmen who did not donate to the fund,

August 11, 2014

“The market has become more complacent about supply again. But complacency is dangerous. Given the geopolitical tensions, a spike in oil prices cannot and should not be ruled out.”
23:35 GMT

“There’s talk of changes in Baghdad. The oil market is sort of waiting to see what happens,” Wardell said.

VPS aims to have an extensive network of Health Promotion Centres across the UAE and other countries within five years, it said in a statement.
23:10 GMT

The healthcare provider said that its first Health Promotion Centre will be established in the Marina Mall in Abu Dhabi by the end of 2014.

During July, prices for vegetable, fruits, poultry and dairy products inched up by 7.4%, 3%, 4.8% and 4.6% respectively.
16:32 GMT

The agency attributed the surge to the rising demand for food commoditiessuch as vegetables, dairy products and poultry, and the government’s decision to raise fuel, electricity and tobaccoprices.

The contract provides for the UAE to import some 600 million cubic feet per day of Iranian gas, though the actual amount will depend on many factors and may only become clear in coming months.
08:03 GMT

The UAE is eager to obtain additional natural gas supplies to support its rapid economic growth.

Dubai-based brokerage Arqaam Capital last year valued OSN at $4.3 billion.
04:55 GMT

The TV company has operations across Mena, and posted earnings of 139.5 million dinars ($494 million) in 2013.

In 2007, Hyundai Engineering & Construction and Doosan Engineering won the 1.8 billion dinar ($1.5 billion) contract to build and operate the power plant,
00:12 GMT

Libya is facing the worst violence since the fall of former ruler Muammar Gaddafi three years ago

August 10, 2014

They also accuse the bank of performing financial services for people affiliated with Hamas and other designated foreign terrorist organisations.
23:47 GMT

Arab Bank, Jordan’s largest financial institution with branches throughout the Middle East and elsewhere in the world, denied the charges, saying it would exercise all legal options to disprove the accusations.

"This process should be gradual as one cannot change a 30- year-old policy in three months. The process should be a step at a time," Ahmed said.
14:18 GMT

According to Ahmed, future generations of Jordanians will have to shoulder the burden of indebtedness arising from the budget deficit.