Main headlines

September 5, 2013

In 2011, a small group of activists and shareholders informally investigated the performance of the company, discovering several instances of corruption.
10:55 GMT

The lawsuit is one of the first legal actions ‎stemming from anti-corruption trends in Jordan.

According to market research from Euromonitor International, the regional outlook for the beauty industry is extremely positive.
09:33 GMT

The natural cosmetics and beauty sector continues to witness a healthy growth with the glow of the sector growing in spite of political upheavals in the region.

September 4, 2013

A more likely military strike would send gold higher again.
16:12 GMT

Gold prices have hit a three-month high in advance of possible US military action in Syria

"That is the only accurate and sure figure. Talking about thousands of factories closed as some do is an exaggeration," Abdel- Nour said during a press conference on Tuesday.
15:44 GMT

The minister for industry and foreign trade, Mounir Fakhry Abdel-Nour, has stressed that the number of Egyptian factories that have closed in recent months is not in the thousands as some reports – and government officials – have suggested

Sharia-compliant properties have a specific market, mainly in the GCC region.
12:00 GMT

The Sultanate's first Sharia-compliant 'alcohol-free' five-star hotel, Muscat Grand Millennium Hotel, will open for guests next year.

Stephen Elop is stepping aside as Nokia president and CEO after the announcement to become Nokia executive Vice-President of devices and services.
11:01 GMT

Nokia shares surged close to 50 per cent on Helsinki bourse after the Finnish giant announced the sale of its mobile phone business and patent licences to Microsoft

A small number of Android robot-shaped KitKat bars will also be offered as prizes in selected markets.
10:26 GMT

The news that the letter ‘K’ will be dedicated to Nestlé’s KitKat will surprise most technology commentators, who had widely thought the latest version would be ‘Android Key Lime Pie’, a statement said.

Dubai’s benchmark index hit the lowest close since July 16.
09:29 GMT

Most other regional shares also fell amid reports of a joint missile test by the United States and Israel.

September 3, 2013

Financial details were not revealed by the northern English club, which was founded in 1889, according to Associated Press.
14:56 GMT

Prince Abdullah bin Mosaad bin Abdulaziz has become the joint owner of English third tier club Sheffield United by buying 50% of its shares, according to UAE-based news portal Arabian Business.

"For a lot of us Finns, including myself, Nokia phones are part of what we grew up with. Many first reactions to the deal will be emotional," said Alexander Stubb, Finland's minister for European Affairs and Foreign Trade, on his Twitter account.
14:14 GMT

The sale of Nokia's phone business marks the exit of a 150-year-old company that once dominated the global cellphone market and remains one of Europe's premier technology brands.

The deal would be so big that some analysts said the effect on the British economy would be as great as the hundreds of billions of pounds injected into the British economy since 2009 by the central bank, the Bank of England.
13:27 GMT

The blockbuster deal — which will be one of the biggest transactions in corporate history

With a built up area of 64,000 sq m, Louvre Abu Dhabi is conceived as a complex of pavilions, plazas, alleyways and canals, evoking the image of a city floating on the sea. Pictured:' Divinci's The Saint Anne' at Musee du Louvre, Paris-Getty.
11:14 GMT

“The Louvre Museum Abu Dhabi is the most anticipated and prestigious cultural development project in the region. It will be a showcase of artistic mastery and world-class engineering," said CEO of Drake.

Lebanon leads the way in the region, benefitting from a $496 million trade commitment in the past year, a 34 percent increase on the previous fiscal year.
10:40 GMT

IFC, a member of the World Bank Group, is promoting trade in the Middle East and North Africa (MENA) to help the economic integration of the region.

In 2012, around 30 ICT firms, including gaming and content development companies, closed their offices and left the Kingdom.
10:10 GMT

“International companies used to view Jordan as an ICT hub, but nowadays, we are seeing companies leaving the Kingdom and others that have decided against opening offices here", said chairman of Jordan Gaming Task Force.

44 per cent work of employees work remotely for half the week or more (Photo Credit: Shutterstock).
09:03 GMT

New study shows that nearly half of the global workforce now works remotely.