Main headlines

August 20, 2014

The deficit for fuel supplied to stations this month increased to approximately 8m cubic metres of gas and equivalent daily compared to 7m last month.
13:45 GMT

Electricity deficit increases to approximately 6,180MW, no solution in sight

Under the scheme, stranded workers can seek a job with employers whose job opportunities match their profession.
04:55 GMT

Labor Ministry spokesman Tayseer Al-Mufarrej said that the new arrangement was aimed at protecting the interests of both sponsors and workers during their contractual period of employmen

August 19, 2014

The Suez Canal is a main source of income for Egypt, generating annual revenues of $5 billion.
13:47 GMT

Egypt has selected a Saudi consultancy to draw up the plan for the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones.

hese remarks were made at a meeting between JCC board of directors and a delegation representing the Palestinian union of commercial, industrial and agricultural chambers.
13:04 GMT

In response to brutal Israeli attacks on Gaza, Jordan Chamber of Commerce (JCC) President Nael Kabariti called on Jordanian traders and importers to boycott Israeli goods and ports

The new arrests came as security authorities weigh options to issue tickets to both illegal workers and their employers instead of arresting them, sabq.org reported.
04:55 GMT

The Interior and Labor ministries have stepped up their campaign to drive out residency and labor rule violators across the Kingdom after arresting nearly 8,500 foreigners in the Makkah region over the past two months.


“Petrochemicals stocks are very promising - SABIC is probably the cheapest global petrochemical producer and I expect it will be one of the first stocks to be allowed direct foreign ownership,” said Chawdhry.
01:04 GMT

The Saudi Tadawul All Share Index rose 0.48 percent to close at 10,639.04 points, its highest finish since January 2008 and its 13th gain in the 15 sessions since authorities announced plans to allow direct foreign ownership of shares early next year.

Qatargas and CNOOC have an existing sales agreement signed in 2008 to supply a total of 2 million tonnes per annum (MTA) of LNG.
00:56 GMT

Qatargas is the world's largest LNG producing company with a production capacity of 42 MTA.

“This is urgent: ISIS is now selling its oil, but the Kurds are not allowed to sell their oil,” an unnamed Turkish official told the Financial Times.
00:51 GMT

Turkey has requested that the United States remove barriers regarding the purchase of oil coming from Iraqi Kurdistan

August 18, 2014

The Center for International Maritime Security said the Suez Canal has long been a point of contention and the situation is unlikely to improve anytime soon.
20:46 GMT

Promises by Chinese president Xi Jinping to build a “Silk Road” and the Red Med project proposed by Benjamin Netanyahu were renewed this year, raising concerns about negative implications on the Suez Canal.

Lagging behind the Saudis, Qatari citizens captured 23 percent of the GCC property investments in Dubai, followed by the Kuwaitis (13 percent), the Omanis (7 percent) and the Bahrainis (4 percent)
11:26 GMT

Citizens of the UAE captured the highest portion of property investments in Dubai valued at more than AED12.5 billion ($3.5), the DLD report said.

The upcoming tripartite talks between Egypt, Ethiopia and Sudan were initially planned to take place in Cairo but were later moved to Khartoum.
11:19 GMT

"Egypt has a new vision, that will not affect Egypt's water share, and we are expecting that the other party responds to it," said El-Moghazi.

But taking into account the depreciation of the Syrian pound against the U.S. dollar, the results show a steeper decline of nearly 77 percent.
04:55 GMT

The combined net profits of six out of seven Lebanese banks operating in Syria dropped 54 percent in the first half of 2014.

The Saudi woman should be the sole breadwinner for the family and not her husband. In the second case,
04:55 GMT

The housing crisis in Saudi Arabia is considered to be one of the biggest problems in society as over 70 percent of Saudi nationals do not own their own homes.

Apple is still allowing use of the two chemicals during the early production phases of its products — activities that primarily take place at hundreds of other factories besides the ones responsible for the final assembly of the devices.
04:55 GMT

Benzene is a carcinogen that can cause leukemia if not handled properly and n-hexane has been linked to nerve damage

August 17, 2014

Imports of goods and services fell 0.1% in the first half of 2014, after rising 6.7% in the second half of 2013.
20:43 GMT

This is the slowest rate of growth since the recession in the first half of 2009 and follows growth of 2.8% in the first quarter of 2014.