Main headlines

November 4, 2013

Violators will be lodged in regular prisons, which fall under the jurisdiction of the Prisons Department.
14:40 GMT

With the amnesty period ending today, Saudi Arabia is now officially criminalizing those looking to make a living.

UAE's Central Bank is imposing the new bank exposure rules in December in order to ensure that the country avoids future corporate debt crises similar to Dubai's most recent economic meltdown (Courtesy of the Business Recorder)
11:14 GMT

UAE's Central Bank will tentatively announce proposed new exposure rules for banking operations in the country in December.

In addition to adding the new four routes, Qatar Airways Cargo has added new Boeing 777 freighter services to its Seoul route (Courtesy of Wikimedia)
10:54 GMT

Qatar Airways Cargo announced Monday that the airline has added four new routes to its freighter services, with shipping routes added and expanded in Beirut, Madrid, Paris and Tbilisi, Georgia.

Oman has the "ideal" atmosphere for tourism investment according to the Oman Chamber of Commerce and Industry (Courtesy of the Global Arab Network)
10:25 GMT

The Oman Chamber of Commerce and Industry (OCCI) will host the first Oman Tourism Investment Conference in late December, touting the Gulf country's growing tourism sector as the financial "cash cow" of the future.

About 969 million in 2012 was spent on advertising in Kuwait (Courtesy of Visit Kuwait)
09:48 GMT

Kuwait's advertising industry is creating jobs, boosting economic growth with investors spending an estimated 969 million in 2012 alone.

Saudi Arabia will begin inspection raids on Monday for expatriate workers in the country without labor or residency status (Courtesy of Gulf Business)
09:28 GMT

Saudi Arabia will begin deporting migrant workers without correct visa and residency status Monday.

Before the growth of the SADAD system, many individuals paid a huge percentage of their bills in cash at bank branches. The electronic billing system has cut down the government's losses from using a manual, cash-based system (Courtesy of Saudi Lifestyle)
07:32 GMT

The Saudi Ministry of Finance announced that the country's electronic payment system, SADAD now caters to approximately 29 million users, making it the second largest system of its kind in the world.

Online travel in Saudi Arabia is projected to reach $1.9 billion. (Image credit: Shutterstock)
07:05 GMT

The online travel market in Saudi Arabia is growing at a rapid pace and internet bookings are expected to exceed $1.9 billion in 2014, according to a study.

November 3, 2013

The value of the contract is $11 million. The identity of the customer, however, was not disclosed.
13:58 GMT

Harris Corp. is supplying communications gear to a Middle East country for a coastal intelligence, surveillance and reconnaissance network.

DI owns around 40 subsidiaries and joint ventures encompassing a diverse range of sectors.
13:32 GMT

Profit for the nine months ended September 30, 2013 was AED 531 million, an increase of 110 per cent as compared to AED 252 million achieved in the comparable period last year.

UAE iPhone 5S and 5C purchasers can receive 1GB of free data for the first three months if they are a prepaid Wasel customer and postpaid subscribers can receive 10 GB contract-free data capacity plan (Courtesy of 7 Days in Dubai)
11:12 GMT

With Apple's release of the new iPhone 5S and 5C models in the Gulf this UAE's Etisalat is giving

Setting a minimum and a maximum wage in Egypt has long been a popular demand.
09:59 GMT

Owners of businesses in certain fields or geographic areas might be spared the requirement to pay their employees a minimum wage.

By the end of 2014, Etihad Airways will have 37 aircrafts that will be able to provide the in-flight live news and sports broadcasting (Courtesy of Arab America)
09:21 GMT

UAE's national airline will begin to offer live television broadcasts in-flight so passengers can keep up with the news around the word.

The proposed metro project in Riyadh is hoped to raise standards of living and support long-term, sustainable development in the capital (Courtesy of Arriyadh Development Authority)
09:05 GMT

The governor of Riyadh told reporters Saturday that work on the KSA capital's metro will begin within months.

The announcement was made at the World Islamic Economic Forum being held in London.
08:31 GMT

The IDB, which provides project financing for its 56-member countries, has expanded its sukuk programme to Dh37 billion from Dh24 billion previously, as it increases its financial support for economic and social development.