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Salman’s announcement on Thursday suggested the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
Today
A lavish payout to public employees ordered by Saudi Arabia’s new King Salman will help to sustain the kingdom’s consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.

December 7, 2014

During the meeting
10:34 GMT

Dubai Chamber of Commerce and Industry hosted H.E. Almazbek Atambaev, President of the Kyrgyz Republic, and his accompanying delegation during a business meeting.

December 4, 2014

“The Saudis have conditioned any aid on the implementation of the (deal). The Houthis have to leave before they pay,” a senior Yemeni government official told Reuters.
16:19 GMT

“The Saudis’ approach is that ‘we’ll step back and let Yemen see the consequences of their choice of the Houthis and eventually they’ll come to their senses’.

Egypt moved up 20 ranks in Transparency International’s Corruption Perceptions Index (CPI)
15:44 GMT

Egypt ranked 94th in this year’s report, which was released on 3 December, compared to the 114th place last year.

HE Salma Ali Saif Bin Hareb, CEO of EZW received Deputy Governor of Ningxia Autonomous Region led delegation from Ningxia at the Free Zone
07:20 GMT

A seven-member high-power delegation led by Mr Wang Heshan, Deputy Governor of Ningxia Autonomous Region of the People’s Republic of China visited Jebel Ali Free Zone (Jafza).

The OECD countries head the list of the most corruption-free countries.
04:55 GMT

Israel is one of the most corrupt countries in the Organization for Economic Cooperation and Development (OECD), according to the 2014 OECD Corruption Perceptions.

December 3, 2014

The Prime Minister said he would not tolerate opposition within the government and will call elections.
04:55 GMT

Prime Minister Benjamin Netanyahu has fired Minister of Finance Yair Lapid and Minister of Justice Tzipi Livni.

December 2, 2014

December 1, 2014

Nobody could really argue with any of this presentation, except to note that timing is everything for small business and expanding into a recession is suicidal
15:20 GMT

‘I’ve been through five recessions in my 49 years in Dubai and we are preparing for another,’ he said.

During the event
09:45 GMT

Dubai Customs celebrated today Monday the 43rd National Day of the UAE.

November 30, 2014

The UK’s Sunday Times newspaper said that it has submitted previously unpublished material providing further details of the allegations to a House of Commons committee.
12:59 GMT

It also alleges that Russian President Vladimir Putin was involved in securing the winning bid and that the country gifted UEFA president Michel Platini a Picasso painting.

Sabban also stated that oil prices would never cross $100 again. “It will be a thing of the past.”
04:55 GMT

Saudi economists advised the government to peg the oil price between $45 and $50 while preparing the national budget for 2015.

Ramez downplayed any negative impact on the foreign currency reserves after paying back the Qatari deposit,.
04:55 GMT

Central Bank of Egypt (CBE) Governor Hisham Ramez said that Egypt has repaid a deposit worth $2.5bn to Qatar on Friday based on a formal request from Doha.

November 27, 2014

The plan is expected to come into effect very soon, however no time-frame was spelled out by the Directorate General of Passports, KSA.
23:16 GMT

The proposed move has sprung a wave of joy among over nine million expats community in the Kingdom who had to undergo mental and financial stress due to residency laws in Saudi Arabia.

Lakkotrypis said the best way for Cyprus to export to Egypt was directly via a pipeline.
04:55 GMT

Cyprus and energy-starved Egypt agreed Tuesday to speed up procedures on the prospect of exporting natural gas.

November 26, 2014

Massive attendance for DC’s strategic partners at the airport
10:45 GMT

In a ceremony organised by the Passenger Operations Department on Tuesday, November 25, 2014, Dubai Customs commemorated its strategic partners at Dubai airports.