Main headlines

8 مايو 2014

Egypt has obtained billions of dollars in loans from other Gulf Arab states in recent months. Some of that money has been used to help Cairo fund energy costs.
04:49 بتوقيت جرينتش

Former army chief Abdel-Fattah El-Sisi, who is expected to win the presidency, has suggested he will take a cautious approach to Egypt's energy troubles, saying the government cannot get rid of costly subsidies overnight.

7 مايو 2014

KIPCO’s first-quarter revenue rose 19 per cent to 137 million dinars.
00:59 بتوقيت جرينتش

Kuwait Projects Co (KIPCO), the Gulf state’s largest listed investment company, reported a 20 per cent rise in first-quarter profit on Wednesday.

Out of the total, 14,438 transactions were in Amman alone, accounting for 42 per cent, and 19,560 transactions were in other governorates, accounting for 58 per cent.
00:54 بتوقيت جرينتش

Real estate trading in the Kingdom went up by 26 per cent during the first four months of 2014.

“The cultural and historical background of the two nations indicate the close friendship between Iran and China, therefore, media collaboration in all technical and production fields can be developed,” Musavi said.
21:47 بتوقيت جرينتش

Speaking at the meeting, Musavi pointed to cultural commonalties between the two countries, which help deepen the ties.

One of the two largest gas fields in Israel, Tamar was discovered in the eastern Mediterranean in 2009 and holds an estimated 10 Tcf of gas.
21:36 بتوقيت جرينتش

The letter of intent (LOI) contemplates a contract term of 15 years and a total gross sales quantity of up to 2.5 trillion cubic feet (Tcf) of natural gas.

Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping its sovereign wealth fund to increase to over $400 billion.
04:55 بتوقيت جرينتش

The International Monetary Fund (IMF) on Tuesday called on OPEC member Kuwait to contain a rapid rise in public wages and subsidies to safeguard the economy against oil price shocks.

The Suez Canal is the fastest shipping route between Europe and Asia and brings around $5 billion a year.
03:55 بتوقيت جرينتش

The Suez Canal project was a main feature in the campaigns of the most prominent candidates in the 2012 election.

IEC said in response, "IEC is using every means at its disposal to collect the debt from the Palestinian Authority."
03:55 بتوقيت جرينتش

The Palestinians owe Israel Electric Corporation NIS 1.5 billion (435 million USD) , and the debt grows NIS 80 million (23 million USD) a month.

Another market that has become important to flydubai’s network is Russia and last year flydubai doubled its network to eight points.
03:55 بتوقيت جرينتش

These announcements bring the total number of new destinations flydubai announced since the start of the year to nine.

Asked about the delays, as the scheme was supposed to open in 2010, he mentioned financial troubles faced by some investors after the global financial crisis. (Image: The Jordan Times)
03:02 بتوقيت جرينتش

The Boulevard is part of the $5 billion Abdali project, the largest mixed-use urban development scheme in Amman.

Customers can choose primarily between Zain, the Iraqi arm of the Kuwaiti operator of the same name, Asiacell, which is majority-owned by Qatar Telecom, and Korek.
01:19 بتوقيت جرينتش

Iraq's cabinet announced Monday it has authorised mobile phone firms to use third-generation frequencies, after years of promises amid the frustrated pleas of cellular operators.

6 مايو 2014

Dubai Islamic Bank also contributed to the uptick, rising 5.5 percent to extend gains that started on Thursday when the lender posted a doubling of first-quarter net profit.
00:21 بتوقيت جرينتش

Emaar gained 6.3 percent to 10.45 dirhams – the level last seen in May 2008 – on increased volume and helped Dubai’s benchmark jump 3.3 percent, also the highest since 2008.

Zero-rate income taxes and high salaries attract young British professionals to the UAE (File/AFP)
14:58 بتوقيت جرينتش

The UAE and Dubai in particular is one of the top places for UK expats according to a NatWest report.

Tourism activities are expected to increase by 5.4 percent, boosting Oman's economy (File/AFP)
13:04 بتوقيت جرينتش

Oman will see a boost in travel and tourism figures this year with a 10.2 percent growth rate in 2014, according to a report.

Podcars were also introduced to the Abu Dhabi's eco friendly built city Masdar (Image: Green Company Effect)
12:16 بتوقيت جرينتش

Futuristic style podcars are set to be launched in Dubai by the end of 2015 to make transport in the city more relaxed and enjoyable.