Main headlines

July 29, 2013

It needs at least 140 days to ensure safe shutdown and not the 60 days stipulated by Khartoum last June
06:51 GMT

Sudan's oil ministry has officially informed oil companies that the deadline for stopping flow of South Sudan's oil through its territories has been delayed until August 22.

Iran plans to establish 40 gas storage facilities in the coming years
06:39 GMT

Iran has built a new natural gas storage facility with a capacity to store 4.6 billion cubic meters of gas, the National Iranian Gas Company managing director stated.

July 28, 2013

The election to pick OPEC’s secretary general is scheduled to be held in Vienna on December 4, with Iran, Iraq and Saudi Arabia vying for the post
14:55 GMT

An Iranian lawmaker says chances are high for the Islamic Republic to assume the presidency of the Organization of the Petroleum Exporting Countries.

The leisure market remains the leading sector, contributing over 40 per cent of occupancy of the total room nights in hotels
13:55 GMT

Dubai is one of the top 10 destinations in the world in terms of travel and tourism for those coming for leisure, business or shopping purposes, revealed Genesis Consulting ME.

The Islamic Republic of Iran guarantees transferring millions of barrels of oil from the Persian Gulf and the Strait of Hormuz
12:23 GMT

Iran plays an undeniably key role in global energy security.

The action plan should focus on proposals regarding times of low hotel occupancy
11:55 GMT

Acting Assistant Undersecretary for Tourism Shaikh Khalid bin Hmood Al Khalifa chaired at the Bab Al Bahrain the tourism partners’ first meeting.

Products are directly related to real estate and we see real estate sector is getting back to the track
10:55 GMT

The increasing demand for steel in the UAE market will boost the industry by 25 per cent in 2013, Bharat Bhatia, the CEO and founder of Conares, a leading steel company, told Gulf News in a interview.

Total public revenue fell 1.5 per cent during the five-month period to RO6bn from RO6.1bn in the same period last year
10:10 GMT

Oman posted a budget deficit of RO110.4mn for the first five months of 2013 against a surplus of RO1.58mn in the corresponding period of last yearز

New regulations to appoint legal banking experts
09:42 GMT

The UAE Banks Federation has succeeded in laying down the regulations of appointing legal banking experts.

Over 66 per cent of all registered employees received less than RO300 per month
09:28 GMT

More than 100,000 private sector employees will soon receive RO325 as minimum salary for the month of July.

July 25, 2013

Sudan's oil was the driver of the economy and source for dollars needed for imports
15:55 GMT

Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil flows in a row over alleged support for rebels, dealers said.

Lebanese industrialists continue to provide alternative goods to Syrian products after many industries were brought to a halt or cut back production as a result of the turmoil
14:55 GMT

Syrian demand for Lebanese goods has substantially increased recently, driving up exports by 6 percent in the first half of the year and industrial goods by 13 percent up to April.

Oil was the driver of the economy and source for dollars needed for imports
14:55 GMT

Sudan’s currency has fallen to a record low against the dollar on the black market since South Sudan started reducing cross-border oil flows in a row over alleged support for rebels, dealers said.

The QE index is approaching major psychological resistance at 10,000 points
12:55 GMT

Qatari stocks gained 0.2% to 9,672 points to hit a fresh 58-month high yesterday.

Egypt has asked Kuwait to include Kuwaiti petroleum products, including 70,000 tonnes of diesel and jet fuel worth $60-65 million, as part of the aid
11:55 GMT

Egypt's state gas company EGAS has begun talks to try to raise natural gas prices and work out how industrial consumers can pay producers directly, two newspapers reported on Wednesday.