Main headlines

November 17, 2014

Zanganeh visited Qatar and Kuwait last week, ahead of the meeting, in a bid to win support for action to stabilise oil markets.
04:55 GMT

Iran’s oil minister accused some countries on Sunday of making up excuses to justify their refusal to stabilise prices by cutting output.

Souq.com has also boosted its headcount to over 2,000 employees to cope with orders for the weekend, with additional warehouse space rented.
04:55 GMT

Online retailer Souq.com has announced plans to bring one of America’s biggest shopping days to the Middle East in a bid to boost e-commerce.

November 16, 2014

Innovation is the UAE Vision 2021 focus. (AFP/File)
10:03 GMT

The UAE is already a hub for development and excellence but the nation also pays a lot of attention to innovation, which is key for the economy.

Drake & Skull made profits of $4.38 million in Q3, according to a Reuters poll. (AFP/File)
08:45 GMT

Leading construction and integrated design firm Drake & Skull profits dropped by 10 percent in the third quarter of 2014.

Jordan Phosphate Mines Company was founded in 1949. (File)
08:17 GMT

Jordan Phosphate Mines Company profits rose by 217.3 percent in the first nine months of 2014 due to maximized operations.

Etihad is now the biggest shareholder in Alitalia. (AFP/File)
07:59 GMT

Etihad Airways became the largest shareholder in Alitalia in a €1.7 billion rescue bid, following talks over the last year.

The four-day event was held in Riyadh. (AFP/File)
07:30 GMT

Saudi Arabia's 26th International Construction Technology and Building Materials Trade Exhibition successfully concluded following the four-day run in Riyadh.

Tony Abbott makes a speech during the 2014 G20 summit. (AFP/File)
06:54 GMT

Tony Abbott vowed that countries would add $2 trillion to global GDP during the G20 summit in Brisbane.

Russia faces a 70 percent chance of recession in the next 12 months, economists project.
04:55 GMT

....and buy every Russian an iphone 6.

Shareholders' equity totalled JD771 million at the end of September 2014, higher than the JD762.3 million as of December 31, 2013.
04:55 GMT

Jordan Phosphate Mines Company (JPMC) maximised its operational profit by 217.3 per cent, or JD22.9 million, during the first nine months of this year.

November 14, 2014

Kuwait plans more than $40 billion of investment to significantly increase its capacity to produce oil and gas
00:39 GMT

The Gulf nation aims to raise the amount of crude oil it can pump by one-quarter, to 4.0 million barrels per day, by 2020.

November 13, 2014

“Syrians will be given work permits in a coherent manner so that no harm is inflicted on the local system in Turkey.
15:39 GMT

The Turkish government is preparing to grant temporary IDs and work permits, among other privileges, to around 1.7 million Syrian refugees.

Oil in October fell below $83 a barrel and on Tuesday reached $80.46, its lowest since 2010.
04:55 GMT

Global demand for oil from Opec next year will be far below its current output level because of the US shale boom,

November 12, 2014

Kuwait's real estate growth was supported by a strong performance in the investment sector. (AFP/File)
09:07 GMT

Real estate growth in Kuwait grew by 16 percent year-on-year to $1.27 billion in September after a slow summer, according to a report.

The initial start-up project is scheduled to be achieved by Q4 2018. (Image: Komec)
08:39 GMT

Abu Dhabi Marine Operating Company signed three big-scale contracts worth an estimated $3 billion for the widely anticipated Nasr Full Field Development Project.