Main headlines

July 4, 2013

Solar energy will be the main topic of discussion among industry leaders in the region at the GulfSol 2013 summit
05:55 GMT

The GCC region is well on its way to becoming one of the world’s major green energy producers, with solar energy likely to account for a large share of its power generation by 2017.

July 3, 2013

Photo for illustrative purposes (Source: Wikimedia)
11:06 GMT

The number one oil exporter in the world establishes 70 centers for green energy, such as solar, wind, waste-conversion, and geothermal

Azadi Tower, Tehran (Source: Wikimedia/Nima Moghaddam)
10:36 GMT

As sanctions choke the Iranian economy, human capital is exported

Zabeel Park, Dubai (Source: Wikimedia/Ranjit Laxman)
10:02 GMT

Non-oil producing private sector companies in the UAE reported increased output and new order levels in June, a purchasing managers’ survey showed on Tuesday.

Empty tables are seen in a restaurant on the Beirut's corniche, with a sea view of the capital's landmark Pigeon's Rock, which was once crowded by tourists mainly from the Gulf states at this time of the year (Source: AFP/JOSEPH EID)
09:40 GMT

Political unrest stalls the Lebanese market, which has not contracted since 1989

Chef Middle East serves over 1,000 customers in the UAE, Qatar, and Oman. (Photo source: promotional website)
07:01 GMT

Abu Dhabi’s leading investment firm Gulf Capital has acquired Chef Middle East, an importer and distributor of specialty and fine food products.

GCC banks has returned to pre-crisis levels in all markets
06:41 GMT

Banks in the GCC are surging ahead, with their corporate banking division showing impressive performance, a report released recently said.

July 2, 2013

(Promotional photograph)
10:36 GMT

The Zoom has 16MP CMOS Sensor, OIS and Xenon Flash with the very latest Samsung Galaxy S4 technology

A.T. Kearney FDICI is a regular measure of senior executive sentiment at the world's largest companies (Photo Source: Wikimedia/Continentalis)
08:59 GMT

According to this year's A.T. Kearney Global Foreign Direct Investment Confidence Index, the playing field is becoming leveled between developing and developed nations.

Photos from scenic destinations of Fars province, Iran (Source: Wikimedia)
08:16 GMT

Despite a diminishing reputation on the geopolitical stage, Iran manages to draw $8 billion in tourism

National Industrialization Company factory (Source: TASNEE official website)
06:47 GMT

The Kingdom's production of plastic reached over 1.7 million tons last year

Bahrain's retail banking industry continued to post steady growth
06:25 GMT

The combined net profits of Bahrain's banks nearly doubled to $1.1 billion in the first three months of this year, compared with $427 million in cumulative profits during the same period in 2012.

They were the biggest protests since January 2011, during the last days of the Hosni Mubarak regime.
06:20 GMT

The cost of insuring Egyptian debt against default surged to record highs on Monday after a night of politically-inspired violence that saw eight people killed and the ruling Muslim Brotherhood's headquarter set on fire.

July 1, 2013

Egyptian protesters walk past graffiti against President Mohamed Morsi on the wall of the presidential palace in Cairo on July 1, 2013. (Source: AFP/GIANLUIGI GUERCIA)
11:41 GMT

Experts say the IMF loan Egypt is pursuing will hurt women and those in poverty

Iraq is Iran’s main trading partner for non-oil goods (Source: Wikimedia/Izzedine)
11:01 GMT

After negotiations following Iraq's announcement to discontinue cement imports from Iran, the deal is back on the table