Main headlines

June 2, 2014

The six month Dubai World Expo event is expected to attract 25 million visitors and be a key driver for tourism, with other emirates also set to benefit.
22:07 GMT

The six month Dubai World Expo event is expected to attract 25 million visitors and be a key driver for tourism, with other emirates also set to benefit, the company said.

The new service means that as of August 1, Emirates will offer passengers 14,185 seats each week on the route from Dubai.
21:35 GMT

Emirates has served Karachi since it was founded in 1985, and in the past decade alone has transported over six million passengers on the route.

But the prospect of large job cuts at Alitalia and the airline’s debt of at least €800 million have been major hurdles in the talks.
15:47 GMT

Etihad Airways on Sunday said it is pressing ahead with a plan for an equity investment in the struggling Italian carrier Alitalia.

Mearly half of Yemen's population is going hungry, the UN's food agency warned Friday, saying it was scaling up its aid to the impoverished country.
03:55 GMT

The country has one of the world's highest levels of malnutrition among children, with nearly half of all kids under the age of five -- a full two million of them -- stunted/

Exports in Iraq have been hit by persistent militant attacks on a pipeline connecting the northern province of Kirkuk to the Turkish Mediterranean port of Ceyhan.
03:55 GMT

Oil revenues account for the lion's share of government income, and the authorities are seeking to dramatically ramp them up to fund much-needed reconstruction of Iraq's conflict-battered economy and infrastructure

The measure is designed to target the lowest-earning of government employees, namely in the education and healthcare sectors, as well as the state-run religious institution of Al-Azhar.
03:55 GMT

The law will include full-time and temporary employees working in state administrative facilities, public sector companies, local administration units, public agencies and other government institutions.

The insurance sector saw its trading volume more than triple to 0.4mn stocks and value more than quadruple to QR26.94mn on more-than-doubled deals to 204.
03:55 GMT

“A memorable day for Qatar, the QSE and all market participants, and also the beginning of a new era for our marketplace,” said the bourse’s CEO Rashid Ali al-Mansoori.

The DTEC will build on the success of the DSOA’s current technology incubation centre — Silicon Oasis Founders, or SOF — that was launched in April 2012 to promote local entrepreneurial talent in the IT sector.
03:55 GMT

he technology incubation centre offers emerging entrepreneurs an opportunity to advance their business through providing consultancy, mentoring, workspace facilities and networking opportunities.

June 1, 2014

Three years after the fall of Hosni Mubarak amid a street uprising in Tahrir Square, Egypt’s political and economic future is still uncertain.
21:29 GMT

Like President Hosni Mubarak, Al Sisi must defeat the insurgents in the Sinai and the military’s extremist opponents in the cities before he dare initiate economic liberalisation and reform.

The outlook for finance and insurance firms was stronger than for real estate and business services firms on volumes, new orders and profits
12:27 GMT

Qatar construction industry's business optimism in the second quarter of 2014 is at its highest for three years, according to a survey by a private index.

With its focus on education and vocational training, the delegation met officials of Omani universities, training institutes and businessmen
10:07 GMT

An Austrian delegation recently visited Oman with the aim of exploring possible tie-ups in the education sector.

Occupancy is expected to touch 70 per cent in Dubai
09:29 GMT

Hotels in the UAE are expected to see occupancy levels fall during June and July but pick up in August, according to analysts.

Earlier this month, international rating agency Standard and Poor’s affirmed Egypt’s long term and short-term foreign and local currency sovereign credit ratings, putting the country’s outlook at “stable”
03:55 GMT

“A very high turnout might have enhanced the legitimacy of the return to military rule in domestic and international eyes,” the credit agency says

May 29, 2014

A study released on Wednesday by global real estate consultancy CBRE put the emirate ahead of 187 other global cities based on the number of international retailing brands operating in the market.
13:13 GMT

Dubai has retained its number two spot worldwide as a retail destination, just behind London and well ahead of New York, Moscow and Shanghai.

Falih said Aramco’s refining capacity would be between 8 million to 10 million barrels a day (bpd) in the coming years, a figure exceeding the goal cited by Aramco in 2012 of 8 million bpd.
12:35 GMT

Saudi Aramco said its downstream investments would exceed $100 billion over the next decade, as global demand for oil rises by a quarter in the next 25 years.