Main headlines

July 11, 2013

Consequences from higher income taxes in Jordan
07:55 GMT

A recent study conducted by the Amman Chamber of Commerce showed that amending the income tax rate would threaten the business environment in the Kingdom.

Consumers worldwide made $12.84 billion (Dh47.1 billion) in mobile payments in 2012
06:25 GMT

Despite their deep-rooted attachment to paper bills and coins, a growing number of UAE consumers are now keen to use mobile phones instead of cash to make payments.

July 10, 2013

By the end of this year will see the launch of Tagipedia, a free online Arabic encyclopedia with a million entries
16:55 GMT

A 75-year-old Palestinian businessman is on a $10 million mission to boost Arabic on the Internet, where it accounts for less than 1 per cent of websites despite being spoken by one in 20 people worldwide.

The trade volume between Jordan and India has currently exceeded JD1 billion
15:55 GMT

Industry and Trade Minister Hatem Halawani on Tuesday held talks with India’s Minister of State for Chemicals and Fertilisers Srikanta Kumar Jena on ways to boost bilateral cooperation between the two countries.

The market breadth was almost balanced with 67 issues witnessing advances against 66 issues recording declines
13:55 GMT

Saudi Arabia’s benchmark stock index (TASI) yesterday rose 13.27 points to finish at 7,708.52 after trading between 7,691.31 and 7,723.46.

The government has extended credit lines to industrialists and allowed limited currency transfers at a rate of about 200 pounds to the dollar
12:54 GMT

The Syrian government is cracking down on black-market currency exchange businesses and individuals.

The aid is a clear sign of shifting policies among the wealthy Gulf nations toward Egypt.
11:47 GMT

Saudi Arabia pledged $5 billion in grants and loans to Egypt's new government on Tuesday.

Screenshot of Google's Ramadan homepage
11:26 GMT

Google is one of several brands to announce special services for the Holy Month, with the unveiling of a dedicated “hub,” according to a statement by the internet giant issued today.

$140 billion is slated be for transportation
11:13 GMT

Qatar is reportedly planning to spend $200 billion over the next decade as it prepares to host the 2022 FIFA World Cup.

South Africa’s exports to the UAE primarily constitute agricultural products, machinery, automotive parts, gold, raw diamonds and financial services
09:28 GMT

The total bilateral trade between South Africa and the UAE is valued at approximately $3 billion (Dh11 billion).

The value of Saudi imports during the period increased by 2.8 percent to reach SR 52.48 billion ($ 13.99 billion)
06:14 GMT

The total value of Saudi nonoil commodity exports in May reached SR 16.02 billion.

July 9, 2013

Photo taken from Cloisall promotional website
10:58 GMT

Cloisall, a leading UAE-based interiors contractor operating in the mid-to high-end luxury space, has secured new fit-out projects worth Dh150 million ($41 million) across the emirates.

Photo used for illustrative purposes
10:42 GMT

Iran exported more than one million tons of oil products in the past Iranian calendar year, which ended on March 20

Photo used for illustrative purposes (Source: Wikimedia Commons)
10:32 GMT

Eight pest control companies in Dubai have been shut down recently for using banned pesticides at homes

Egyptian supporters of deposed president Mohamed Morsi (portrait) wave their national flag as they attend a rally in support of the former Islamist leader outside Cairo's Rabaa al-Adawiya mosque on July 8, 2013. (Source: AFP/ MAHMUD HAMS)
10:17 GMT

New York crude prices soared to a 14-month high during the weekend, as political tension in Egypt continued to shake confidence in consistent supplies from the Middle East.