Main headlines

25 كانون الأول/ديسمبر 2014

Al-Sayed said the open-door policy of the seventies and the economic reform programme at the beginning of the nineties led to a rapid economic transformation.
04:55 بتوقيت جرينتش

The report added that 2014 can be labelled as the “beginning of stability and economic growth”.

24 كانون الأول/ديسمبر 2014

Egypt, China to cooperate in coal power generation (Image Egyptian coal power plant).
17:46 بتوقيت جرينتش

The two countries will sign 25 agreements primarily within the realms of energy and transport with 7 of them focusing on coal-powered plants

Health Minister Wael Abu Faour inspects the warehouses at Beirut's airport, Tuesday, Dec. 23, 2014.
14:24 بتوقيت جرينتش

Health Minister Wael Abu Faour Tuesday ordered the closure of food and medicine storage warehouses at Beirut's airport, citing poor hygiene and expired items during an inspection.

Israel Police have arrested Deputy Minister of Internal Affairs Fania Kirshenbaum amongst others in a probe of suspected illegal transfers of public money to NGOs. (Image courtesy of Jerusalem Post)
13:43 بتوقيت جرينتش

Israeli Police have arrested more than 30 people in a probe of suspected illegal transfers of public money to NGOs.

Lebanese banks are abiding by international regulations, according to the Union of Arab Bankers
12:04 بتوقيت جرينتش

Lebanese banks face no threat of any international penalties after the local lenders successfully complied with all anti-money laundering and other similar legislation, the chairman of the World Union of Arab Bankers said Tuesday.

Sources in the energy market believe that such a step will delay development of the Leviathan field by several years.
11:20 بتوقيت جرينتش

The State will now require the companies to sell their holdings in one of the fields.

Authority will soon replace power meters in all residential, commercial and industrial buildings in Sharjah
05:14 بتوقيت جرينتش

The power consumption reading meters in Sharjah will soon be replaced by smart meters to ensure that accurate readings are recorded.

The rate of rental growth in the UAE emirate is slowing with no change recorded in prime rents in the three months to the  end of September
04:40 بتوقيت جرينتش

Dubai held the global top spot for rental growth for the second consecutive quarter to September, recording a 12.4 per cent increase year-on-year, a report said. There is a marked third quarter slow-down.

23 كانون الأول/ديسمبر 2014

Al Samhouri exchange
20:14 بتوقيت جرينتش

The Central Bank of Jordan (CBJ) on Sunday closed down a major currency exchange company for administrative and financial violations.

Mehleb Witnessed the Signing Ceremony
19:57 بتوقيت جرينتش

Project to provide technical and financial support to industrial facilities in line with environmental laws for pollution reduction

Hoshyar Zebari Iraqi Minister of Finance
19:37 بتوقيت جرينتش

The Iraqi cabinet Tuesday approved a 123 trillion dinar ($103 billion) draft budget for 2015 which envisions a deficit of 23 trillion dinars, Finance Minister Hoshiyar Zebari said.

Arab Atomic Energy premises
12:57 بتوقيت جرينتش

Energy demand in the UAE is growing at an annual rate of about 9 per cent — three times the global average — making nuclear energy a growing necessity in the country’s energy portfolio.

Budget will be released after a special cabinet meeting
12:36 بتوقيت جرينتش

Previously, media had said the ministry was expected to make its 2015 budget statement on Monday afternoon

Marginal increase in gold market prices
11:50 بتوقيت جرينتش

Gold prices pulled away from a three-week low on Tuesday, but still remained below the $1,200 threshold as the strong U.S. dollar continued to weigh on the precious metal.

30 billion EGP in savings
11:16 بتوقيت جرينتش

The fall in oil prices is good news for the Egyptian government which in July slashed fuel subsidies, raising pump prices by up to 78 percent.