Main headlines

17 كانون الأول/ديسمبر 2014

‘I’ve always said the realistic price for out-of-ground: $70. Should never, ever have been above that.
18:11 بتوقيت جرينتش

The airline industry is set to reap the benefits of lower oil prices, which could fall to as low as $30-a-barrel.

The Egyptian government has finished upgrading the airport in the resort town of Hurghada,
17:39 بتوقيت جرينتش

The airport in Hurghada, a major tourist hub on the coast of the red sea, will now be able to accommodate 13 million passengers annually.

Dubai’s real estate scene has also seen a number of new property launches over the year.
15:17 بتوقيت جرينتش

Dubai’s residential rents have stabilised in the second half of 2014, growing seven per cent year-on-year in 2014.

Last week, both 95-octane and 98-octane gasoline fell by LL800 and are now priced at LL26,400 and LL27,100 (17 USD and 18 USD).
14:26 بتوقيت جرينتش

The decline in fuel prices comes against the background of Brent oil falling to a new five-year low.

The lira's tumble comes amid concerns about wider emerging-market weakness
04:55 بتوقيت جرينتش

The lira weakened to a record low of 2.4140 against the dollar on Tuesday after a fall in the value of the ruble in Russia

Alarab will feature expert opinion from renowned guests and never-before-seen social media interaction with its viewers, it said.
04:55 بتوقيت جرينتش

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holding Company (KHC), and owner of Alarab News Channel.

ASELSAN, established by the Turkish Armed Forces Foundation at the end of 1975, is a Turkish corporation that produces tactical military radios and defense electronic systems for the Turkish army.
04:55 بتوقيت جرينتش

Turkish military electronic defense systems corporation ASELSAN launched a production plant via a joint partnership between the Turkish firm and a Jordanian company.

Abdel Nour is expected to hold the council’s first meeting tomorrow to review future plans and the most important proposals for developing bilateral relations.
01:36 بتوقيت جرينتش

Minister of Industry and Trade Mounir Fakhry Abdel Nour issued a decree Monday stipulating the formation of the Egyptian-Chinese Business Council

16 كانون الأول/ديسمبر 2014

Oil prices have been going down since June due to weak demand and oversupply benefiting the airline industry in procuring cheaper jet fuel.
23:12 بتوقيت جرينتش

“It will be a positive effect starting from next year. We will see a drop in ticket prices,”

Dana warned the KRG could face sanctions if the autonomous region failed to pay the money to its consortium,
15:29 بتوقيت جرينتش

Kurdistan’s Regional Government (KRG) has failed to pay $100 million to a Dana Gas consortium as instructed by a London arbitration court

An FBI official did not provide further details, but said the agency routinely provides private industry with advisories to help it fend off cyber threats.
15:20 بتوقيت جرينتش

The FBI has warned US businesses to be on the alert for a sophisticated Iranian hacking operation.

Even at current oil prices, analysts estimate Qatar’s state budget might break even next year; it has huge fiscal reserves to cover any deficits.
04:55 بتوقيت جرينتش

Qatar predicted its economy would grow 7.7 percent next year, signalling the world’s top exporter of liquefied natural gas expects very little disruption to its finances

15 كانون الأول/ديسمبر 2014

OPEC’s 12 members pumped 30.56 million barrels a day in November, exceeding their collective target.
06:55 بتوقيت جرينتش

OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a barrel.

Prices are set to remain under $100 oil a barrel
06:55 بتوقيت جرينتش

Zawaneh told The Jordan Times the “government should play it smart” and build the law based on an average price, “not to go for $30 and not to keep it exaggerated as $100”.

Iran is considered one of the world's most corrupt places.
04:55 بتوقيت جرينتش

Iranian authorities have arrested 12 people for syphoning off more than $4.5 billion (3.6 billion euros) from one of the country's main banks over several years.