Main headlines

June 10, 2014

Al Gharbi added that the UAE is the happening place where high net worth individuals ask for new concepts in designs keeping in view the green building rules.
05:45 GMT

The Italian firms’ interest in Abu Dhabi market shows growing appittite among government, corporate and individual clients to get the best out of innovators.

June 9, 2014

Meanwhile, El-Sisi showed his intention to visit Ethiopia to stress the importance of cooperation between the two countries.
21:09 GMT

Ethiopian Foreign Minister Tedros Adhanom has invited Egypt's newly-inaugurated President Abdel-Fattah El-Sisi to visit his country, Al-Ahram's Arabic news website reported.

The real estate registration fee in Dubai remains among the lowest worldwide.
20:55 GMT

A complaint has been lodged against a real estate firm for allegedly taking a slice out of transaction fees being collected for the government by doubling the charge to clients.

Although the plans for the construction operations have actually been suspended, the contracts have not been cancelled.
14:32 GMT

In 2009, a joint Iran-Venezuela oil company was established to build a refinery in Syria with a capacity to refine 140,000 barrels of crude oil per day.

“The finance required to implement the projects is planned to be secured through attracting foreign investment,” he added.
13:49 GMT

Iran plans to boost annual petrochemical output to 180 million tons from around 60 million tons currently.

Bu Shehab pointed out that there are other proposals that would be discussed with the Ministry of Interior and other competent bodies on the federal level in this regard.
09:47 GMT

He noted that the RTA raised the flexible working hours policy three years ago, but it was put on hold because traffic flow was smooth at that time.

Experts have long argued that a skilled Syrian workforce should be turned into an advantage for both sides, with the work permit issue remaining the major obstacle before this.
09:35 GMT

Thousands of Syrian refugees who are currently being employed in different sectors across Turkey may finally receive their work permits from the government.

Etihad and Emirates said that the safety of passengers and crew is of the utmost importance.
09:21 GMT

Militants disguised as police guards armed with machine guns reportedly stormed the airport Sunday night. There are 23 dead, including all of the militants, according to reports.

June 8, 2014

Hamas demanded Thursday that the Palestinian Authority take employees of the disbanded Gaza government onto its payroll, after scuffles broke out at banks in the Palestinian territory.
16:33 GMT

But Hamas has been unable to pay most of its workers for several months, after severe pressure from neighbouring Egypt strangled its cash flow.

Soccer's governing body FIFA is conducting an internal investigation into the decisions to hold the 2018 World Cup in Russia and the 2022 Cup in Qatar.
13:19 GMT

Sony has become the first World Cup sponsor to call for a probe into accusations that bribes were paid to secure the 2022 tournament for Qatar.

The GCC’s situation is quite unique at the global level.
12:23 GMT

The whole of the region will register a surplus equivalent to 16.7 per cent of its gross domestic product.

The report gave no indication of whether any change in investment strategy was envisioned.
12:15 GMT

The central bank has managed investment of the kingdom's foreign currency reserves until now, much of it in US Treasury bonds.

Alkari said Libya was currently earning around $1 billion each month in oil revenues, having brought in between $4 billion and $5 billion a month before the oil protests started.
12:07 GMT

A wave of protests at oil facilities has reduced the North African country’s oil output to less than 200,000 barrels a day down from 1.4 million bpd in July before the strikes started.

“This is the Kingdom’s duty based on our religion, ethics and the joint destiny of the two countries,” said the king, who is vacationing in the Moroccan city of Casablanca.
08:43 GMT

On Tuesday, King Abdullah called for a “Friends of Egypt” conference, which would raise funds for the country to weather its current economic crisis.

High-ranking business leaders and travel and tourism experts welcomed the proposal.
03:55 GMT

“After spending a week in Saudi Arabia, they can go to Oman, Bahrain, or the UAE with the same visa."