Main headlines

4 كانون الثاني/يناير 2015

Production fell by about a third to an average 160,000 barrels per day (bpd) since fighting broke out, from 245,000 bpd just before the violence erupted.
16:22 بتوقيت جرينتش

South Sudan's oil revenue last year was hit by reduced output because of conflict in the African republic and the rapid decline in oil prices.

Tax revenues increased by 12 per cent of the total government revenue compared to fiscal year 2014.
15:53 بتوقيت جرينتش

Government revenue figures show Dubai’s success in increasing public revenues for fiscal year 2015 by 11 per cent compared to revenues for the fiscal year 2014.

The Hashemite Kingdom last year agreed to purchase natural gas from Israel at a cost of $15 billion.
11:07 بتوقيت جرينتش

Jordan is suspending negotiations with Israel over plans to import natural gas.

"We have reached the danger point... after starting to withdraw from the reserves," to meet the budget shortfall, Alwaleed said in a letter addressed to the finance minister.
04:55 بتوقيت جرينتش

Billionaire Prince Alwaleed bin Talal has lashed out at the Saudi fiscal policy after projecting the largest ever budget deficit for 2015 following the slump in oil prices.

Israel's exports of goods and services were up only 0.6% in 2014, reaching $44 billion.
04:55 بتوقيت جرينتش

The most alarming figures were a 2.7% drop in investments in fixed assets, putting Israel at the bottom of the OECD table in this category

1 كانون الثاني/يناير 2015

Arrears to foreign energy companies have hampered investment in the sector.
11:35 بتوقيت جرينتش

Egypt has paid $2.1 billion of its debt to foreign energy companies, leaving $3.1 billion still owed.

31 كانون الأول/ديسمبر 2014

"We expect a gradual, but slow increase of stabilized condensate exports over the next year," analysts at JBC Energy said in a report.
17:28 بتوقيت جرينتش

Oil dropped towards $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008.

In the first 11 months of this year, passenger traffic climbed 5.9 per cent to 63.98 million people
13:36 بتوقيت جرينتش

Growth in passenger traffic through Dubai International Airport, one of the world’s busiest, slowed in November because of the geopolitical and economic instability hitting Russia.

The terminals are still under control of Thinni’s forces but the area has become a battlefield against former rebels who helped oust Muammar Gaddafi in 2011.
13:13 بتوقيت جرينتش

The damage is estimated at $213 million.

Last year, a former Israeli electric company director was sentenced to six years imprisonment as part of the affair.
04:55 بتوقيت جرينتش

Israel's securities regulator said Tuesday that authorities have arrested six current and former executives from Israel's electric company on suspicion of accepting $20 million in bribes.

But the price per barrel used for revenue calculations is $37, sharply below the latest record low for Brent North Sea crude of $56.74.
04:55 بتوقيت جرينتش

OPEC member Algeria will post a 41.7 billion euro ($51.2 billion) deficit next year due to the sharp fall in oil prices,

"There's no sign of any reduction of output by OPEC," said Ken Hasegawa, commodity sales manager at Tokyo's Newedge Japan.
00:18 بتوقيت جرينتش

Brent oil fell to a 5-1/2-year low under $57 per barrel on Tuesday, as persistent worries about a global supply glut offset concerns about output disruptions in Libya.

30 كانون الأول/ديسمبر 2014

It said as many as 232,000 women job seekers are holders of university degrees while 343,000 are holders of secondary school certificates.
23:19 بتوقيت جرينتش

More than 682,000 Saudi women job seekers have refused to accept private sector employment offered to them by the Labor Ministry’s Hafiz unemployment assistance program.

The survey was conducted by YouGov across the MENA region and included a random sample of 853 respondents earning more than $64,000 per annum.
15:34 بتوقيت جرينتش

Nearly two-thirds of luxury spenders in the MENA region are choosing to spend more of their money on holidays rather than goods,

In a Sunday statement, Hamas slammed the Palestinian Unity Government, stating that “Gaza has seen no real progress” over the last six months.
04:55 بتوقيت جرينتش

Hamas accuses unity government of “not living up to its responsibilities in Gaza”