Main headlines

July 21, 2014

Tim Clark, president of Dubai’s Emirates, the world’s largest international airline by number of passengers, said domestic regulators worldwide may decide to be more involved in giving their carriers guidance on where it is safe to fly.
04:55 GMT

The head of one of the world’s largest airlines has called for an international meeting of carriers to agree a response to the downing of a Malaysian airliner,

FBME was originally established in Cyprus in 1982 as a subsidiary of the Federal Bank of Lebanon SAL.
03:18 GMT

“The Central Bank of Cyprus announces that, under the powers conferred to it by the relevant legislation, [it] has taken over, as of today, the management of the operations of the branch of FBME Bank Ltd. in Cyprus."

The report also stated that the ministry is finding it difficult to employ experienced expatriates due to the low salaries being offered to them.
03:00 GMT

The Ministry of Municipal and Rural Affairs has criticized the Saudization scheme of replacing expatriate employees with Saudi nationals, which has resulted in a shortage of experts in many positions.

July 20, 2014

Revenue generated through rents during the first half of the year increased by 39 per cent to Dh32.5 million, according to the company.
15:54 GMT

The Kuwait- and Dubai-listed company said the results were due to increased occupancy rates in recently completed residential developments and strong rental yields.

Dubai One will be re-launched on Sunday September 14, according to the statement on the DMI website.
15:23 GMT

Dubai One, the Dubai government-owned English-language television channel, confirmed on Friday it is no longer producing content locally.

He added that Africa was a very promising market for Sabic and the company was focusing on opening distribution centres in a number of African countries.
14:55 GMT

Sabic, which is 70 per cent state-owned, attributed the rise in profits to higher production and sales volumes as well as higher prices for products.

Shaikh Zayed Road is one of Dubai’s biggest highways, with six lanes in each direction.
14:20 GMT

The flow of traffic on the busiest highway in Dubai will not be impacted and the number of lanes will be kept the same, the RTA has said.

Once a top recipient of US military aid, Egypt lost most of its $1.3 billion a year package after the 2011 popular uprising that toppled Mubarak.
04:55 GMT

"The contract is worth about 1 billion euros and was finalised last month," a French diplomatic source said. "It's the first big deal since we sold Mirage fighters (warplanes) about 20 years ago."

July 18, 2014

Exhausted after a long day of work under the blazing desert sun, the migrants spend the afternoon searching for a place to sleep on the streets of Doha.
00:42 GMT

Exhausted after a long day of work under the blazing desert sun, the migrants spend the afternoon searching for a place to sleep on the streets of Doha.

Launched at Farnborough on Monday, the neo plane is a revamped version of the A330, sporting engine upgrades to provide more economical long-haul travel.
00:32 GMT

Qatar Airways gave Boeing a lift on Wednesday, concluding a deal for 50 of the US planemaker's revamped long-haul passenger jets and proposing to buy the same amount again.

July 17, 2014

Arab Bank also owns 40 percent of Saudi Arabia's Arab National Bank ANB.
16:13 GMT

Arab Bank has been expanding across several Middle Eastern countries and has built a reputation for stability in a region shaken by conflict and political upheaval, partly thanks to diversified investments.

The $7 billion Kuwait Metro project is another vital project currently in the stages of design and supervision.
16:05 GMT

Kuwait’s construction sector has witnessed high growth at a steady pace, driven by the announcement of several infrastructure projects in recent times.

The energy-rich country on the eastern tip of the Arabian Peninsula announced plans Wednesday to send the first unmanned Arab spaceship to Mars in 2021.
04:55 GMT

Having scaled the heights of Earth with the world's tallest tower, the United Arab Emirates is now aiming for the stars, or just a little bit closer, with an ambitious trip to Mar

July 16, 2014

Total private sector liabilities were up 5.2 percent in the first five months of the year over the end of last year to $208 billion, corresponding
23:18 GMT

Total outstanding loans received from abroad, based on a remaining maturity basis, that the Turkish private sector is obliged to repay within 12 months

With the addition of new games, the lottery system is expected to pay off in a short time. The winner will also have the right to hold the lottery every weekday.
19:46 GMT

Turkey attracted several billion dollars in privatization revenues last year driven by sell-offs in the energy sector and is now trying to focus on more profitable sales after some tender revenues came in below expectations.