Main headlines

March 10, 2013

Qatar’s sovereign wealth fund is attracting former French president Nicolas Sarkozy into the private equity game
11:37 GMT

Qatar’s sovereign wealth fund is attracting former French president Nicolas Sarkozy into the private equity game, the Financial Times reported this week.

Jordan spend $410 a year on subsidizing wheat and flour for bread, according to a government minister
10:50 GMT

Subsidies on wheat and barely cost Jordan $410 million a year, according to the country's industry and trade minister.

Public sector workers are gearing up for another rally over a proposed pay increase
10:21 GMT

Civil servants and public school teachers in Lebanon are gearing up for more demonstrations on Tuesday over the long-debated public sector pay scale.

Gulf Air is to hire all of Bahrain Air's pilots, despite restructuring plans
09:59 GMT

Bahrain’s national carrier Gulf Air in a major move has started recruitment of all Bahraini pilots who have been affected by the closure of Bahrain Air in line with nationalisation strategy.

Saudi Arabia’s HSBC Purchasing Managers Index (PMI) for February tops the charts, a senior economist said.
08:42 GMT

Saudi Arabia’s HSBC Purchasing Managers Index (PMI) for February tops the charts, a senior economist said.

The twin towers are expected to be finished in 2016
08:20 GMT

UDC grants contract for Qatar twin tower project at the Pearl-Qatar

Iran is to lose India as a key oil buyer, in a blow to the Islamic Republic's economy
07:55 GMT

Iran is set to lose one of its biggest buyers as India announced Friday that its insurers will no longer cover refineries importing crude oil from the country.

Taxes on shisha tobacco will rise from 50% to 150% (Photo Getty)
06:56 GMT

Tobacco, soft drinks, alcohol, steel rebars, cement and mobile phone calls will be subjected to a tax hike

Lebanon's tourism industry's  contribution to the Lebanese economy would reach $4.1 billion in 2013, new figures show
03:23 GMT

The World Travel & Tourism Council estimated that the travel and tourism industry’s direct contribution to the Lebanese economy would reach $4.1 billion in 2013, up by 1.8 percent from 2012.

March 7, 2013

Dubai is set to be the home of Paramount's first venture into the hotel and real estate industry.
14:12 GMT

Paramount, the maker of movies such as ‘The Godfather’ and ‘Titanic,’ is teaming up with property developer Damac to build a $1 billion hotel project in Dubai.

The International Red Cross has helped transport the first shipment of apples from the Golan Heights to Syria
13:44 GMT

Apples grown in the Israeli-occupied Golan Heights have entered Syria, after being transported by the International Committee of the Red Cross, Syrian officials announced on Wednesday.

Middle East stock markets had a relatively healthy day on Wednesday, despite loses in the UAE.
12:12 GMT

Stock markets across the region had a healthy day on Wednesday, despite a downward trend in the UAE, with Egypt's bourse being lifted out of an 11-week low.

Emirates airline is planning another sukuk sale, its second this year
11:50 GMT

Emirates airline, the UAE's flag carrying airline, is to have its second sukuk sale this year, according to lead arrangers Citibank and Standard Chartered Bank.

Trade unions in Lebanon have warned the country's Prime Minister, Najib Mikati, that delays in pay rises are hurting the economy
11:03 GMT

The head of Lebanon's Union Coordination Committee warned the country's Prime Minister, Najib Mikati, that delaying public sector wage increases is harming the economy,

Delays to the Egyptian election process could delay a long-awaited $4.8 billion loan from the IMF, an economists has warned
09:06 GMT

Delays in the Egyptian election process mean a $4.8 billion loan from the IMF may go on the backburner, an economist warned on Wednesday.