Main headlines

August 26, 2014

Oman uses two different contracts to sell its crude
06:58 GMT

Oman's crude oil exports to China have continued to soar amid the economic giant’s rising demand for energy and its increasing reliance on Middle Eastern oil supplies.

Saudi Arabia is a strategic partner with the Sudan in investments
06:56 GMT

Saudi investments in the Sudan are expected to cross $13 billion (SR48.75 billion) in the next few months, particularly following a decision on canceling entry visas for Saudi investors.

Balfour Beatty, Carillion and Mott MacDonald are a few of the firms to win contracts (File/AFP)
06:52 GMT

The UK's top construction firms have won infrastructure contracts worth $1.65 billion to build roads, hotels, museum projects and drainage networks for World Cup 2022 in Qatar.

August 25, 2014

The Specialist Services deal follows a previous project triumph for the same development by Leighton Offshore (File/AFP)
12:42 GMT

Dubai's Specialist Services won a contract from Petrofac to build local equipment and control rooms for its Island Surface Facilities Project.

Saudi Arabia's coffee industry is worth $267 million annually (File/AFP)
12:20 GMT

They say it's a sign of good hospitality when you offer visitors a cup of coffee! Saudi Arabia is the largest coffee consuming country in the world with an industry worth $267 million.

The U.S. is the sixth-largest means for electronic cash transfers to Lebanon (File/AFP)
08:58 GMT

World Bank figures showed a decrease in the cost of sending remittances for the U.S. to Lebanon at 10.19 percent in Q2.

Around 607 apartments will be leased out at the Gate Towers development on Al Reem Island (Image: Urbanarches)
08:41 GMT

Abu Dhabi's leading property development company, Aldar Properties, secured a bulk deal to lease 607 apartments to hospital employees working for a medical clinic.

Prime Minister Prince Khalifa bin Salman Al Khalifa who chaired the meeting said settlement disputes needed to be fast tracked (Image: 4photo)
07:58 GMT

Bahrain will overhaul trade laws to increase foreign investment and clean up dispute settlement processes, according to a cabinet meeting hosted by Prime Minister Prince Khalifa bin Salman Al Khalifa.

Hotel revenues went up by 10.9 percent in the first half 2014 (File)
07:31 GMT

Dubai's hotel industry welcomed over 5.8 million tourists in the first half of the year with revenues reaching £3.18 billion, up by 10.9 percent.

FM contracts are becoming more integrated, more metric-based, and crucially, longer in duration
07:08 GMT

Facilities Management (FM) services contracts in the UAE could be valued at approximately AED20 billion per annum by next year, according to G4S, a leading global security and outsourcing group in UAE.

Abu Dhabi-based Etihad bought the 33.3 percent stake in Darwin Airline last November (File/AFP)
07:01 GMT

Abu Dhabi's Etihad Airways welcomed a review process by Switzerland's Federal Office of Civil Aviation regarding a deal to buy 33.3 percent of Swiss carrier, Darwin Airline.

The tour also included a discussion of Masdar City’s role in advancing renewable energy adoption globally
06:23 GMT

The UAE and India are expected to enhance their co-operation in the field of renewable energy and sustainability.

August 24, 2014


The STRs are designed to flag questionable financial activity and 354 were registered between January and June this year compared with just 237 in the first six months of last year.
21:28 GMT

A spike in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain in the first half of this year, a report said.

Etihad now has until September 30 to make the necessary changes to its agreement for it to take the 33.3 per cent stake in the airline.
21:22 GMT

Foca said last week that the current agreement can lead to Etihad controlling Darwin and would be incompatible with statutory provisions.

The KRG has repeatedly declined to identify buyers of its oil or say who is helping to coordinate the sales.
12:24 GMT

In June, a tanker carrying 1 million barrels of Kurdish oil sailed from Ceyhan that was delivered into Israel's Ashkelon port after first being transferred at sea to another vessel.