Main headlines

20 كانون الثاني/يناير 2014

The banks say that at foreign institutional investors, especially in Europe, investment committees decide on investments, and that human rights is one of the considerations about an investment in a particular share
22:38 بتوقيت جرينتش

The "Financial Times" reports that Dutch and Scandinavian pension funds are considering divesting from Israeli banks.

The 60-square-km archipelago, comprising over 200 islands laid out in the shape of a world map, was created from millions of tonnes of sand and rock
22:08 بتوقيت جرينتش

Lying about five kilometres (3.1 miles) off mainland Dubai in the Gulf, it will feature classic Italian, Spanish and German architecture as well as landscaped gardens and streets that in some cases will be lined with artificial snow, the company said.

“The ministry has a zero-tolerance policy towards the import and sale of Israeli products and if there are Israeli potatoes in the stores, there will be stringent action against those involved,” the sources said.
21:01 بتوقيت جرينتش

Kuwait’s commerce ministry has launched an investigation into reports that Israeli potatoes were being sold in cooperative societies.

The Renault Fluence is the number one selling European model in Saudi Arabia (Courtesy of UK Motoring)
10:38 بتوقيت جرينتش

Renault Middle East reported that its sales in the GCC increased 19 percent in 2013, maintaining its status as the number one European brand in Saudi Arabia and Oman.

The first Saudi Arabia-based IHOP opened in Jeddah this week (Shutterstock)
08:51 بتوقيت جرينتش

California-based IHOP opened its first Saudi Arabia branch in Jeddah this week.

Qatar’s tight rental market has made it the most expensive country to live in the GCC, Arabian Business comprehensive analysis on the cost of living in the region reported.
03:55 بتوقيت جرينتش

The Cost of Living Report (CLR) noted that in a like-for-like comparison of seven measures, Qatar came out the most expensive overall, followed by the UAE, Saudi Arabia, Bahrain, Oman and Kuwait.

The debts of BP to Iran has not published officially yet, but Shell said in March 2013 that it has $2.3 billion debts to Tehran.
03:55 بتوقيت جرينتش

The British companies say they will return to Iranian projects once the sanctions imposed on the country's oil and gas sector are completely lifted.

But the subsidy reductions could hurt the fragile economy, which is heavily reliant on tourism, agriculture and remittances from Moroccans living abroad.
03:55 بتوقيت جرينتش

The cash-strapped North African kingdom is under pressure from the International Monetary Fund (IMF) and the World Bank to cut spending and reform subsidies

Supreme organising committee chairman Shaikh Abdulla bin Hamad Al Khalifa said he was amazed how successful the event had been.
23:01 بتوقيت جرينتش

Bahrain is bracing itself for huge investment in its aviation sector after a tripling of business at this weekend's Bahrain International Airshow (BIAS 2014).

19 كانون الثاني/يناير 2014

Dubai is ranked first in the region for its hospitality industry (Shutterstock)
10:37 بتوقيت جرينتش

Dubai is now leading the region in the hospitality industry.

Bahrain's King Hamad made the announcement this week about the proposed establishment of the Space Research Agency (Courtesy of Trade Arabia)
09:54 بتوقيت جرينتش

Bahrain is planning to set up a space research agency in its effort to "take advantage" of out-of-this-world technology developments.

The 50 percent increase is supposed to in part target elderly pensioners who comprise a significant percentage of the nearly 1.4 million poor families eligible for the new benefits (Courtesy of the Los Angeles Times)
08:08 بتوقيت جرينتش

Egypt's government has approved a 50 percent increase for social security pensions in order to benefit more than 1.4 million poor families in the country.

Meanwhile, diplomats said that providing the amount would not be an issue, because many IAEA member states have already expressed their willingness to help.
03:55 بتوقيت جرينتش

The International Atomic Energy Agency (IAEA) says it needs an additional amount of about six million euros for activities related to the implementation of a recent deal on Iran’s nuclear energy program

he EU also will suspend bans on trade in gold, precious metals and petrochemical products while increasing a ceiling on financial transfers not related to remaining sanctions
03:55 بتوقيت جرينتش

The EU foreign ministers will announce the move in Brussels as soon as inspectors from the UN's nuclear watchdog, the international Atomic Energy Agency (IAEA), confirm that the agreement started to be carried out,

The Gulf Arab states have conditioned normalisation of relations with Israel on its acceptance of the 2002 plan drafted by Saudi Arabia for peace with the Palestinians
03:55 بتوقيت جرينتش

Israeli Energy Minister Silvan Shalom attended a meeting Saturday of the International Renewable Energy Agency in the United Arab Emirates, which has no diplomatic relations with the Jewish state.