Main headlines

October 1, 2014

“DV-2016 visas will be issued between October 1, 2015 and September 30, 2016,” the statement added.
20:46 GMT

The annual DV programme “makes US immigrant visas available through a computer-generated random lottery for persons who meet strict eligibility requirements”.

Saudi Arabia is the second-largest petroleum exporter to the US, but as domestic production increases in America, less is needed from abroad.Saudi Arabia is the largest exporter of petroleum liquids in the world and is home to the world’s largest proven crude oil reserves, 16 percent of the world’s total.
12:52 GMT

The shale oil boom in the US began in 2008 and has increased US crude output by 60 percent

The two brands being launched by VMMEA are Virgin Mobile, aimed at the youth market, and Friendi Mobile, targeting Saudi's expatriate workers.
04:55 GMT

The launch, days before the annual haj pilgrimage, is timely. An estimated 1.4 million Muslim pilgrims are expected to arrive in the kingdom this year.

September 30, 2014

On Sunday, Erdogan again slammed the credit agencies, saying they were making "foolish statements".
22:44 GMT

Markets are looking ahead to Fitch's announcement of Turkey's credit rating and economic outlook, which is due on Friday.

Strong economic data could prompt the US central bank to raise interest rates faster and sooner than expected, which could boost the dollar and hurt non-interest-bearing bullion.
17:58 GMT

Gold fell on Monday as downward pressure from a strong dollar outweighed support from unrest in Hong Kong.

The vehicle models recalled include the Land Cruiser (79,972) followed by Camry (43,207), Lexus LX 570 (9,589), Avalon (7,382) and Sequoia (857).
13:51 GMT

The recall of as many as 141,007 Toyota and Lexus cars has been initiated in the sultanate to install Smart Stop Technology.

 Global supply of crude oil and liquid fuel reached all-time highs of 92.6 million barrels per day in August. Stable oil producers.
11:46 GMT

A key differential factor in this period in that ‎volatile producers in Africa and the Middle East experienced a spike in production.

The project, which involves the extension of a 11-km road with five lanes on both sides, is expected to be completed by 2017,
05:55 GMT

The project will also include pedestrian crossing, bridge and separate lanes for motorbikes and pedestrians in addition to a tunnel, it added.

Egypt has struggled to curb its swelling budget deficit whilst meeting soaring energy demands, resulting in daily electricity cuts around the country of 86 million people.
04:55 GMT

Egypt has struggled to curb its swelling budget deficit whilst meeting soaring energy demands, resulting in daily electricity cuts around the country of 86 million people.

September 29, 2014

NASDAQ Dubai is the third largest exchange in the world by value for listed Sukuk, or Islamic bonds, at 19.2 billion dollars.
17:51 GMT

Emirates NBD, one of the region’s leading banking groups, is now the largest issuer of conventional bonds on the region’s international exchange.

The key driver of Mohamed Yousuf Naghi Motors’ solid performance in the first half of the year was the recently launched Rolls-Royce Wraith.
17:33 GMT

Mohammed Yousuf Naghi Motors confirmed a 51 percent surge in sales over the same six-month period in 2013

The Egyptian General Petroleum Corporation (EGPC) and Egas announced an international tender for oil and gas drilling concessions last December.
16:26 GMT

French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta,

Traders in the black market told Sudan Tribune they expect the dollar price to decrease to 8 SDG.
13:03 GMT

Sayed Ali Zaki, an economist, for his part said the decrease in exchange rate is due to NISS's campaign against black market traders, as well as reduced Forex demand.

The UAE’s Ministry of Health has announced a price reduction for around 422 innovative and produced drugs, as part of its initiative to stem the surging cost of medicines in the country.
12:54 GMT

In an effort to control the rising drug costs, authorities have been slashing medicine prices for the past three years

“It’s a huge market, almost 500,000 smartphones a month are sold out here so getting a share of that is really our first focus point,” he said.
12:29 GMT

He was not coy, however, in suggesting what his former Apple compatriot Steve Jobs would think of the Obi Mobile devices. “Steve being Steve would say, you can do alot better,” he said.