Main headlines

June 24, 2014

After four days of trading in the green, the Saudi stock market saw a significant setback on Monday, dropping more than one percent or 103.85 points.
04:55 GMT

Tourism, Construction and Real Estate Development sectors showed the worst performance.

However the company has seen its share price drop dramatically from a high of $73 dollars in December to a low of just $30 last month — though the price has rebounded somewhat in recent weeks.
04:55 GMT

As well as not wanting to sell on the grounds they were just starting out, Stone says another reason was that he just didn’t click with Zuckerberg.

“In terms of tourists from emerging markets we can say that it is increasing by 70 per cent a year,” added Miguel.
00:04 GMT

The increase in tourism numbers was spurred by the launch of a daily Emirates flight route to Lisbon back in July 2012.

June 23, 2014

The contractor has plunged 48 per cent so far this month and 53 per cent from a record Dh7.40 in May
22:49 GMT

“The company must be forced to come up with an announcement to ease tension among the investors, mainly the small investors,” Wadah Al Taha, chief investment officer of Dubai-based Al Zarooni Group, said.

UAE private jet users appreciate the “luxury and the hassle-free environment” that comes with a private charter, the report said.
22:43 GMT

The study also found that Paris came in the second place with four trips and London in third place with two trips.

Badawood said many jobs could be done from home with the support of computers and the Internet.
22:26 GMT

The Civil Service Ministry is planning to introduce a distance work system for government departments, especially for women, as part of the government’s efforts to create more job opportunities for citizens.

June 22, 2014

The funds are the first tranche of some $1.5 billion in mostly military aid which has been frozen since October amid US administration demands that the Egyptian government introduce democratic reforms.
21:18 GMT

"The Apaches will come, and they'll come very very soon," Kerry said in response to a reporter's question on whether the halt of deliveries expressed US antagonism to Egyptian authorities.

Forbes Middle East revealed that the criteria considered to rate the top companies included: the companies’ total revenue, net profits, total assets, and market capitalization.
19:06 GMT

On the Top 500 companies list, however, Egypt placed fourth in terms of number of companies contributed to the list.

“The UAE and Saudi Arabia have emerged with two of the most robust pipelines in the Middle East, as these two countries combined make up 70.0 percent of the rooms in the region’s pipeline,” Winkle said.
18:05 GMT

Average daily rate (ADR) for the month stood at $182.76, while revenue per available room (RevPAR — a benchmark for performance) touched $128.38.

Arabtec shares fell by 9.86 per cent while Emaar fell by 3.44 per cent and Deyaar by 2.52 per cent.
17:47 GMT

Real estate shares dragged the Dubai index below 4,500 points, led by Arabtec.

Citizens travelling abroad were also advised to read the travel advice page at the ministry’s website and to enrol in the Tawjdi (my whereabouts) service program
17:35 GMT

Hamad Mohammad Al Junaibi, UAE’s Charge D’Affaires in Lebanon, urged Emiratis who are in Lebanon at present to leave the country immediately and to coordinate with the UAE embassy in Beirut to facilitate their departure.

The banking sector is in good health, and the performance of the challenged Islamic retail banks has improved marginally.
14:23 GMT

The IMF says Bahrain’s fiscal deficit has continued on a rising trend in 2013, although by less than budgeted.

For years, the administration of former president Mahmoud Ahmadinejad put off all but the most adventurous travelers.
04:55 GMT

Even the Iranian law requiring women to cover up and the ban on alcohol have not discouraged British tourists.

June 21, 2014

The SAMA measure comes in line with the Ministry of Labor’s efforts to put a limit to the control of expatriates over some commercial activities, more commonly known as tasattur.
00:12 GMT

The SAMA measure comes in line with the Ministry of Labor’s efforts to put a limit to the control of expatriates over some commercial activities, more commonly known as tasattur.

June 20, 2014

Israeli refineries have taken Kurdish crude oil before but in small volumes, which were shipped to Turkish ports by truck.
14:01 GMT

"We do not comment on the origin of crude oil being imported by the private refineries in Israel," an Israeli energy ministry spokeswoman said.