Main headlines

July 11, 2013

OPEC's report is the second of this month's trio of oil supply and demand forecasts to emerge
12:55 GMT

OPEC's share of the world market will shrink in 2014 as rising supply of U.S. shale oil gives the exporter group little comfort from the fastest growth in world demand in four years.

The nuclear site has existed since 2006 with the first series of subterranean tunnels and four external depots recently completed
11:21 GMT

An exiled Iranian opposition group claimed on Thursday to have evidence of a hidden nuclear site located in tunnels beneath a mountain near the town of Damavand.

Iranian shipments can still come to Jebel Ali; shipments can go from the UAE to Iran
09:55 GMT

Harsher economic sanctions on Iran will result in a further squeeze in trade volumes with the UAE.

Dubai's General Index gaining for the fourth straight day and the Abu Dhabi Securities Index advancing for three consecutive days
08:55 GMT

The UAE markets continued their upward trend on the first day of Ramadan amid lower volumes, with Dubai's General Index gaining for the fourth straight day.

Consequences from higher income taxes in Jordan
07:55 GMT

A recent study conducted by the Amman Chamber of Commerce showed that amending the income tax rate would threaten the business environment in the Kingdom.

Consumers worldwide made $12.84 billion (Dh47.1 billion) in mobile payments in 2012
06:25 GMT

Despite their deep-rooted attachment to paper bills and coins, a growing number of UAE consumers are now keen to use mobile phones instead of cash to make payments.

July 10, 2013

By the end of this year will see the launch of Tagipedia, a free online Arabic encyclopedia with a million entries
16:55 GMT

A 75-year-old Palestinian businessman is on a $10 million mission to boost Arabic on the Internet, where it accounts for less than 1 per cent of websites despite being spoken by one in 20 people worldwide.

The trade volume between Jordan and India has currently exceeded JD1 billion
15:55 GMT

Industry and Trade Minister Hatem Halawani on Tuesday held talks with India’s Minister of State for Chemicals and Fertilisers Srikanta Kumar Jena on ways to boost bilateral cooperation between the two countries.

The market breadth was almost balanced with 67 issues witnessing advances against 66 issues recording declines
13:55 GMT

Saudi Arabia’s benchmark stock index (TASI) yesterday rose 13.27 points to finish at 7,708.52 after trading between 7,691.31 and 7,723.46.

The government has extended credit lines to industrialists and allowed limited currency transfers at a rate of about 200 pounds to the dollar
12:54 GMT

The Syrian government is cracking down on black-market currency exchange businesses and individuals.

The aid is a clear sign of shifting policies among the wealthy Gulf nations toward Egypt.
11:47 GMT

Saudi Arabia pledged $5 billion in grants and loans to Egypt's new government on Tuesday.

Screenshot of Google's Ramadan homepage
11:26 GMT

Google is one of several brands to announce special services for the Holy Month, with the unveiling of a dedicated “hub,” according to a statement by the internet giant issued today.

$140 billion is slated be for transportation
11:13 GMT

Qatar is reportedly planning to spend $200 billion over the next decade as it prepares to host the 2022 FIFA World Cup.

South Africa’s exports to the UAE primarily constitute agricultural products, machinery, automotive parts, gold, raw diamonds and financial services
09:28 GMT

The total bilateral trade between South Africa and the UAE is valued at approximately $3 billion (Dh11 billion).

The value of Saudi imports during the period increased by 2.8 percent to reach SR 52.48 billion ($ 13.99 billion)
06:14 GMT

The total value of Saudi nonoil commodity exports in May reached SR 16.02 billion.