Main headlines

December 22, 2014

With around one third of GDP coming from oil until the recent price collapse, the non-oil sector in the UAE is just not growing fast enough to prevent a recession in 2015 (File Archive/ AFP).
14:00 GMT

The recent oil price collapse may bring on a recession for the UAE in 2015.

The World Islamic Travel Summit will focus on the theme of  "driving the Halal tourism revolution" (File Archive/ AFP).
13:00 GMT

Halal tourism now represents 13% of the global market and will be showcased at the World Islamic Travel Summit in Abu Dhabi next year.

A glut of wheat for the throngs of Egyptians (Image courtesy of oregonstate.edu)
11:26 GMT

Egypt signed contracts for 240,000 tonnes of French wheat and 60,000 tonnes of Russian wheat, at an average price of $273.94 per tonne to be delivered in January, the minister of supply and internal trade, Khaled Hanafi, said Sunday.

Microsoft will offer a direct operator billing facility with Du that will negate the need for customers to use their credit cards online (Shutterstock).
10:00 GMT

Microsoft has parternered with Du to offer a direct operator billing facility that will avoid the need for customers to use their credit cards online.

The lines get blurred for many workers who might be out of the office for the holidays but are very much on call or online and staying on the grind from a different location. (Photo: woman working outdoors, Shutterstock)
09:57 GMT

Up to 86.5 per cent of employees in the Middle East and North Africa (MENA) region say they continue working even during holidays, according to a new survey by job site Bayt.com.

Mohammed Mubarak Al-Shikely (right), GM Marketing, Oman Air and Jamal Al Azki (left), UK Country Manager of Oman Air holding the Skytrax award (Photo courtesy of World Airline Awards).
08:36 GMT

Oman Air won the title of World´s Leading Airline for Economy Class in 2014 in a ceremony in Anguilla.

The new visa system would garner huge revenues for the regional tourism sector and help facilitate financial and administrative procedures.
04:55 GMT

Foreign expatriates residing in the GCC states should be allowed to travel within the six Gulf nations without requiring visas, a senior official has said.

Samsung Note4 was considered the best phone in terms of size and complexity.
04:55 GMT

Hint: it's not the iphone 6

The figure does not include the cost of services and infrastructure borne to accommodate refugees in the hosting countries.
01:51 GMT

The amount is equal to Syria’s GDP in 2007, according to the World Bank.

December 21, 2014

Citadel confirmed that aid from Gulf stated could be affected by the decline in oil prices over time.
17:43 GMT

The declining oil prices are positive for the Egyptian economy, according to a statement issued by Egypt’s Citadel (Qalaa) Holding on Thursday.

Israel has repeatedly refused to compensate Lebanon, despite the many calls by the General Assembly.
17:37 GMT

The U.N. General Assembly Friday asked Israel to pay Lebanon $856.4 million as compensation for the oil slick the Jewish state caused during the July 2006 war.

The long-awaited contract, announced late Friday by the US Department of Defense, includes spare parts and is due to be completed by April 30, 2019.
13:48 GMT

US weapons maker Raytheon has won a contract valued at $2.4 billion to supply 10 Patriot missile defence systems to Qatar,

Economists are warning that even with the huge reserves many have built up, a prolonged drop in oil prices will hit Gulf states hard.
04:55 GMT

Gulf countries could lose at least half their oil revenues or around $350 billion a year as crude prices plunge, according to senior analysts.

December 19, 2014

According to the report, there were 998,100 government employees in the Kingdom consisting of 991,000 Saudi men and women.
13:51 GMT

A total of 5,298 expatriate government employees were sacked in 2011 while 4,380 Saudi female government employees left their jobs in the same year, a study revealed.

The Dreamliner has been delayed by “one to two weeks” due to “certification issues,” Hogan said.
13:45 GMT

Etihad Airways is not interested in ordering any more Airbus A380s, while the launch of its first Boeing 787-9 Dreamliner into service has been delayed.