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July 17, 2014

The lawmaker emphasized that Lebanon was negotiating “state to state” and not with any private companies. The Turkish Embassy declined to comment.
04:55 GMT
Lebanon is moving forward with a plan to import water from Turkey, having failed to impose any restrictions on water usage in response to one of the worst water shortages in recent memory.

July 16, 2014

EU officials and experts voiced support over the weekend for proposals to turn Cyprus into an energy hub for Europe in order to reduce the continent’s dependence on Russian gas.
23:52 GMT
Oettinger also outlined a need in Europe for liquefied natural gas, which Cyprus hopes to make part of its emerging status as an energy hub with the eventual opening of a massive LNG plant.
“Texas and California are likely the biggest losers in terms of lost employment"
16:32 GMT
The new report "Losing Billions – The Cost of Iran Sanctions to the U.S. Economy" reveals that between 1995 and 2012, the U.S. sacrificed at least $135 billion and as much as $175 billion in potential export revenue to Iran.
The overall positive market sentiment at the start of 2014 has also seen the reprisal of a number of stalled residential projects and launch of several new projects in the Northern Emirates,
15:08 GMT
Annual rates in Fujairah, Umm Al Quwain and Ras Al Khaimah remained stable with nominal increases of two and one per cent respectively.
Around 49,000 LinkedIn members moved to the UAE in 2013 indicating that the country is winning almost twice the number of professionals than it is losing, the social networking site for professionals said.
03:12 GMT
This will prove beneficial for the overall economy, creating more jobs, which in turn that will help future generations of fresh graduates to find employment.”

July 15, 2014

Having been heavily subsidised for decades, bread is a main staple of the Egyptian diet, forcing the government to import increasing amounts of wheat to meet local demands,
21:03 GMT
The government is trying to create incentives for people to consume less than their ration of bread to reduce spending on wheat.
“The state wishes to send a serious message about encouraging investment, reconciling with serious investors, and settling disputes raised with them."
15:56 GMT
Government seeking to settle some 22 investment disputes against Egypt pending before international arbitration “amicably” in order to avoid fines estimated at $20bn
Growing their business remains the primary and dominant goal for High Net Worth (HNW) business owners in the Middle East, according to a new study.
04:55 GMT
The research surveyed stakeholders in family businesses with a 2012 turnover and family net worth in excess of $100 million.

July 14, 2014

The American University of Beirut and the Lebanese American University are among the schools that offer intensive Arabic language programs throughout the summer.
16:47 GMT
Despite Lebanon’s increasingly unstable political situation, students from around the globe seek its universities, eager to immerse themselves in Arab culture and the Arabic language.
For the World Cup, the 29-year old Ronaldo is reportedly earning $490,870 a week, after tax, amounting to a staggering $2,243,997 (USD) to take part in the 32-day event.
16:39 GMT
For the amount that Ronaldo will earn for playing in the tournament, you could purchase a whole settlement of houses in Africa.
The majority of irregular migrants in Morocco are from sub-Saharan Africa.
16:04 GMT
The state’s overhaul of the migration and asylum system is an excellent case study of how reform is centrally controlled in the kingdom.
Dues owed to foreign partners for the petroleum sector have grown to $6.3bn through July 2014, as compared to $6bn at the end of April 2014
15:02 GMT
The government’s delay in reimbursing foreign partners threatens Egypt’s gas production as it will lead to a decline in production until 2018
There should be strict market monitoring to curb unreasonable price increases and measures to protect SMEs owned and run by middle class Saudis.
14:09 GMT
The segment also played an important role in maintaining a social balance between the upper and lower classes.
One source told The Daily Star that most international oil companies may not rush to bid for available gas blocks if Lebanese politicians failed to iron out all their differences on some articles in the decrees.
04:55 GMT
Lebanon will once again postpone the gas auction which was scheduled for Aug. 10 as some ministers expressed their dissatisfaction over the state’s share stated in the decrees

July 13, 2014

Last month the Paris-based International Energy Agency too conceded that the US was the biggest producer of oil and natural gas liquids.
 In view of the growing US supplies, the OPEC too is cutting forecast of demand for its own oil by 300,000 barrels a day next year.
23:29 GMT
World's top crude consumer, the United States, is now the world's top producer too, overtaking Russia and the OPEC kingdom Saudi Arabia.