Main headlines

January 29, 2015

The supermarkets are using signs to direct people to the right cashier and inform them about the rule set by the municipality. (Source: Gulf News)
16:19 GMT

Dubai Municipality has asked supermarkets to provide one cashier specifically made for purchasing these foods due to several complaints made by Muslims in the UAE.

Earlier Wednesday, sacked employees staged a protest outside the casino premises in Maameltein north of Beirut.
16:11 GMT

Casino du Liban’s board of directors is reassessing its decision to lay off 191 employees.

But revenue growth was the weakest since the start of 2013, and spending rose faster.
16:05 GMT

Facebook posted a fourth-quarter revenue of $3.85 billion up 49 per cent from $2.59 billion in the year-ago period.

Analysts said the outlook remained weak, especially with demand slowing in China.
15:31 GMT

Oil remained weak in Asia on Thursday after data showing record US stockpiles sent prices tumbling to the lowest level in nearly six years.

Shell is one of the main major oil companies operating in south of Iraq, operating the Majnoon oilfield and leading the Basra Gas Company joint venture.
05:55 GMT

Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra.

The jobs will span the entire spectrum of the Abu Dhabi-based airline’s operations.
04:55 GMT

Etihad Airways will offer jobs to more than 6,000 UAE nationals over the next five years as part of its UAE national development strategy, the airline said.

Last year saw the region’s largest-ever IPO, with Saudi-based National Commercial Bank raising 6 billion dollars on its stock market.
04:55 GMT

A total of 27 IPOs were issued in 2014, raising a collective total of 11.5 billion US dollars, almost four times the 3 billion US dollars that was raised in 2013 from 25 IPOs.

Majid Al Futtaim... balance sheet solid with assets
of $12.25 billion.
04:55 GMT

Dubai-based mall operator Majid Al Futtaim signalled on Tuesday it expects the emirate to remain a magnet for shoppers, announcing plans to double its business within five years.

The phone is a 4G Android phone and has a five-inch Full HD device and is powered by quad-core 2.3GHz processor.
04:55 GMT

Despite the high price, it is not the most costliest phone in the world.

January 28, 2015

The main failure, according to the letter, is the unique indexing mechanism put in place in Israel that will mean that gas prices will only rise.
15:35 GMT

The price of gas in Israel is currently linked to the US and Israeli consumer price indexes plus 1%, for eight years.

He said Iraq’s budget for 2015 had determined an average oil price of 60 dollars per barrel, down from 90 dollars per barrel in the budget for the previous year.
15:16 GMT

Iraq has offered discounts to European purchasers of its oil in February, similar to those offered by Saudi Arabia, amid signs of intense competition between OPEC’s two largest producers.

Jordan seeks to buy 150 million cubic feet of natural gas per day from Cyprus, he said, adding that prices will be announced later
14:23 GMT

Jordan will sign an agreement to purchase natural gas from Cyprus before the end of June this year, according to a senior government official.

Revenue rose to $74.6 billion from $57.6 billion a year earlier.
14:14 GMT

The company sold 74.5 million iPhones in its fiscal first quarter ended Dec. 27, while many analysts had expected fewer than 70 million.

The redevelopment of the former West India Docks, which traded in everything from tobacco to bananas, was championed by 1980s Prime Minister Margaret Thatcher.
13:39 GMT

Qatar Investment Authority (QIA) and partner launched a 350 pence-a-share offer direct to Songbird shareholders in December, hoping to add a financial district rivaling the City of London to landmarks already in its portfoli

“This time’s different from 2008 — there are far fewer developers and they are being smarter second time around,” said Alan Robertson.
13:15 GMT

“What’s happening right now is not a case of the property market bubble bursting ... but of deflating gently.”