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Stover added that the current Tamar pipeline has on several occasion reached its full capacity due to high demand in Israel.
04:13 GMT

"The third quarter estimate also included a reduced assumption for natural gas sales in Israel as a result of the ongoing conflict."

Boeing also reported it had discussions with the flag carrier's subsidiary, Iran Air Tours, on the potential sale of similar goods and services.
03:47 GMT

Boeing has struck a deal with Iran Air to provide plane parts, the first time the US firm will be doing business with Iran since the US embargo of 1979.

July 27, 2014

 The artificial canal witnessed a passing of 50 ships carrying 3.8 million tonnes on the same day it celebrated its 58 anniversary of nationalisation
23:08 GMT

"The nationalisation of the canal ushered in a process of regaining control over the economic and political keys to national self-determination."

The government's allegations of 'immoral activities' in some hotels are believed to be a reference to prostitution.
22:57 GMT

In the past, Eid has meant an increase in customer numbers for the hotels in Bahrain classified as three-star.

He also pointed out an improvement by 3.8 percent in the business of travel agencies during the past six months compared to the same period last year.
22:45 GMT

Abboud noted that the airlines’ activity will remain this way until Sept. 10, expressing optimism for a great tourism season in August.

Another criticism of the THY board is that the company is forced to make large purchases that are difficult to afford in the long term.
05:40 GMT

The carrier currently flies to more country destinations than any other company in the world.

Amman has dropped 14 places from 89 to 103 in Mercer’s 2014 Cost of Living Survey, which shows the most expensive expatriate destinations in the world.
05:16 GMT

But expatriates and an analyst said they find Amman “a city that gets more and more expensive every year”.

US oil production has embarked on an unprecedented 50 percent rise over the past four years as new drilling techniques allowed oil to flow from vast shale reserves
04:54 GMT

If Exxon presses ahead, the investment would be a further indication that the American oil giant is breaking ranks with many of its big global rivals.

July 24, 2014

Dubai International saw a rise in passenger traffic despite a runaway refurbishment programme earlier this year (File/AFP)
14:27 GMT

Good news in time for Eid! Dubai International's passenger traffic has already topped expectations and is up by 6.2 percent in the first half of 2014.

Emirates NBD profits were helped by revenue growth in Retail Banking & Wealth Management, along with the Islamic banking subsidiary, Emirates Islamic (File/AFP)
13:55 GMT

The UAE's largest bank, Emirates NBD, reported a net profit growth of 30 percent for the first half of the year.

Majid Al Futtaim is one of the leading shopping mall, retail and leisure pioneers in the Middle East (File/AFP)
12:39 GMT

Major retailer Majid Al Futtaim reported a 14 percent increase in revenue for the first half of the year, compared to 2013.

KIPCO is Kuwait's largest privately owned investment company (Image: URC)
12:22 GMT

Kuwait's largest privately owned investment company said it was on track to meet the target of a double-digit rise in revenue this year.

The low-cost airline will launch direct flights to Mumbai starting October 28 (Image: flydubai)
12:07 GMT

Low-cost airline flydubai announced a direct route to India's Mumbai, starting in late October. The carrier will also increase its flights to Delhi to five weekly.

The increase in tourism resulted from Lebanon’s “renewed openness to Gulf countries and the new dynamic in the tourism sector that accompanied the security plan
10:56 GMT

The Tourism Ministry said Tuesday the number of Arab tourists increased by 90 percent in June, compared with the previous year.

ADPC’s commercial ports handled 6.4 million freight tonnes (FT) of general cargo in the first half of this year
08:31 GMT

General cargo moving through Abu Dhabi’s commercial ports increased by 37 per cent this year.