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The price spread between the two benchmarks touched the narrowest point in almost a month at $5.20 on Wednesday, driven by speculators dumping Brent.
03:40 بتوقيت جرينتش

Brent crude oil traded at a one-month low below $109 a barrel on Wednesday after a Libyan oilfield restarted and supply worries faded

With Dubai’s property market booming, analysts warn that several signs of excesses, reminiscent of pre-crisis years, are returning to the market
03:24 بتوقيت جرينتش

Dubai’s Damac Properties has announced that it will be offering luxury cars to select property buyers as part of its Ramadan promotion.

DP World, which has a portfolio of about 65 terminals across six continents, owns one-third of Djibouti’s Doraleh Container Terminal, the company’s annual report says.
02:58 بتوقيت جرينتش

Djibouti said it had started legal action against DP World, seeking to rescind the Dubai-owned port operator’s concession in Africa’s largest container terminal in a row over how the contract was awarded.

9 تموز/يوليو 2014

The value of the deal could increase to $75 billion at list prices if Emirates firms up its right to purchase the additional planes, Boeing said in a statement issued in Dubai.
16:33 بتوقيت جرينتش

Boeing said the 777X will introduce the latest technologies including "the most advanced commercial engine ever".

The source, who opted not to be named, said a surefire reason for inclusion on the blacklist is physical abuse and sexual harassment against their housemaids.
16:05 بتوقيت جرينتش

The recruitment application of any Saudi who has a history of maltreating Filipino housemaids would never be accepted.

"This is a long-term project and we are betting strongly on Dubai," he said, adding that the size of the entire project would be in the range of 48 to 50 million sq ft.
04:55 بتوقيت جرينتش

By the way: Dubai is still recovering from its 2009 debt crisis.

Iran imported $153 million worth of products from the U.S. in January-May 2013 and exported $1.6 million worth of products to the U.S. in the mentioned time span
04:55 بتوقيت جرينتش

Iran transacted non-oil goods with 177 countries in the past Iranian calendar year.

8 تموز/يوليو 2014

The stock market is also down, with the Tel Aviv 25 Index currently off 0.58%.
19:43 بتوقيت جرينتش

The shekel has weakened against the dollar this morning, as the security situation in the south of Israel escalated overnight.

South Sinai’s 62,000 hotel rooms represent approximately 33% of Egypt’s total hotel capacity, according to Egypt’s Hotels Chamber.
16:53 بتوقيت جرينتش

According to the Egyptian Ministry of Tourism, travel advisories issued for the Sinai Peninsula led tourism revenues to decrease in the first quarter of 2014 to $1.3bn.

Investors appear to have anticipated the weaker results, which were flagged by a recent comment from Samsung’s financial director that the quarter’s earnings were “not that good”.
14:46 بتوقيت جرينتش

Samsung Electronics’ earnings fell by almost a quarter in the three months to June, after the South Korean group was caught out by unexpectedly low demand for its smartphones in China and Europe.

Adam did not expect additional financial assistance from Gulf countries in the next period.
04:55 بتوقيت جرينتش

Foreign reserves are now the lowest since the ouster of former president Mohamed Morsi in July 2013.

Jordan’s imports from Mexico reached $41 million compared with around $17 million of exports
04:55 بتوقيت جرينتش

His Majesty King Abdullah’s visit to Mexico has laid down the basis of improved economic relations between the two countries.

The search for gas has been a priority for Saudi Arabia as it struggles to keep pace with rapidly rising domestic demand.
00:44 بتوقيت جرينتش

Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves.

7 تموز/يوليو 2014


A total of 10 consortiums are vying for the first phase of the project involving civil works.
19:42 بتوقيت جرينتش

"We have asked them to submit their bids for this project. We intend to sign the contract with the winning bidders in early October," he said.

Flight Search can be accessed on tablets, smartphones and desktop computers.
19:36 بتوقيت جرينتش

Once users are on the Google Flight Search tool, they are able to quickly and easily conduct searches for different flight routings