Main headlines

May 22, 2014

Estimation of the uranium resources in the central region are expected to increase as more exploration is carried out by JUMCO in the 350sq.km area.
03:29 GMT

The plant, he said, will have a capacity of 300-400 metric tonnes per year and can be expanded to 1,500 metric tonnes per year at a later stage.

According to the Central Bank of Egypt, tourism is ranked second in terms of most important sources of income for Egypt after remittances from Egyptians abroa
02:17 GMT

Average of 663 cubic metres of water allocated per person; amount expected to drop below 582 cubic metres by 2025

May 21, 2014

 One of the biggest project approvals was for Aldar Properties’ Al Raha Beach East Master Plan.
21:33 GMT

The Abu Dhabi Urban Planning Council gave its approval to 13 development projects covering over four million square metres in the first quarter of the year.

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
04:55 GMT

The Bank has not lent any new money to Iran since 2005.

Subsidies also rose more than fourfold, from $4.1 billion to $18 billion during the same period, an annual growth rate of 23 percent, Hamada said.
03:55 GMT

Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping to increase its sovereign wealth fund to over $500 billion

“The peaceful nuclear energy plays an important role in the future of our nation; these stations will provide us the electricity we need to meet our requirements.”
02:32 GMT

The new simulators are among the world’s most advanced nuclear training devices and the first of their kind in the Middle East.

May 20, 2014

The draft law says a defaulter would no longer risk a jail term if he or she has a child younger than 15 years, his or her spouse is dead — or jailed — for any reason.
22:17 GMT

At present, debtors in the UAE are imprisoned for failing to pay their debts, and creditors, mainly banks, are not sympathetic to the debtors once they are in prison.

Saudi Arabia is currently implementing Metro projects in Jeddah and Riyadh.
21:17 GMT

Saudi Arabia's Cabinet has decided to implement integrated public transport systems, including Metros and buses, in Dammam and Qatif cities, a report said.

The plan, approved by King Abdullah, includes building of 1,500 nursery schools, training of about 25,000 teachers, and establishing educational centres and other related projects.
15:04 GMT

Saudi Arabia will spend an additional SR80 billion ($21.3 billion) to overhaul the kingdom’s education system under a five-year plan, a report said.

The DFM has now declined for four straight sessions, its biggest losing streak in that surge.
08:48 GMT

Dubai’s benchmark index, the world’s best-performing gauge in 2013, plunged the most in more than eight months on Monday.

Egyptians performing Umrah is the principal activity for tourist companies in Egypt over the past three years given low incoming tourist traffic.
08:36 GMT

Cancellations of pilgrimages from Egypt to Saudi Arabia due to the coronavirus, also known as the Middle East Respiratory Syndrome (MERS), have exceeded 25%.

Israel Chemicals, controlled by Israel Corp. recently bought a 30% stake in Canada's Allana Potash, which is preparing to mine potash deposit in the Dalol region in the Afar Regional State, in northeast Ethiopia.
03:55 GMT

Idan Ofer told allAfrica: We want to turn Ethiopia into Africa's potash hub.

It may be compact, but the HTC One mini 2 packs HTC BoomSound technology to deliver powerful, crisp and clear audio that has never been more brilliant
03:55 GMT

HTC, a global leader in innovation and design, unveiled the HTC One mini 2, the latest addition to its renowned HTC One family.

May 19, 2014

He continued that expansion of this ICT would increase the public awareness and would cause a demand change, requiring broadband everywhere in the country.
22:42 GMT

“Iran has unique qualities to be the communication hub the Middle East and on the World Communication Day some projects will be unveiled to increase the international transfer between Iran and Europe.”

“We have been working with Ericsson for a number of years and we consider them one of our trusted industry partners,” said Saleh Al Abdooli, Chief Executive Officer, Etisalat UAE.
22:17 GMT

The deal will enable Ericsson to introduce new technologies and business solutions to Etisalat UAE across a number of different areas including Mobile Broadband.