Main headlines

December 9, 2014

 
Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan.
14:33 GMT

Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan

The increasingly important region is renowned for its discerning customers, who appreciate the unique combination of luxury and performance offered by Bentley.
04:55 GMT

The announcement highlights the importance of the Middle East to the brand’s continuous success,

Earlier in October, Governor of the CBE Hisham Ramez announced the payment of $500m to Qatar.
04:55 GMT

Foreign reserves reached $15.8bn at the end of November 2014, marking a $1.1bn decrease from $16.9bn in October.

Official figures show that more than 30 million people out of Iran's total population of 75 million use the Internet.
04:55 GMT

Iran's telecommunications minister has said his technicians are developing a system to identify any Internet user in the country at the moment of log-on.

December 8, 2014

At a meeting last month, top oil exporter Saudi Arabia resisted calls from poorer members of the Organization of the Petroleum Exporting Countries to reduce production
17:27 GMT

Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output.

Most stock markets in the Gulf fell on Monday after oil prices sank to new lows and Dubai's index dropped as investors dumped shares in Emaar Properties
17:07 GMT

While there was no fundamental reason for such a steep drop by Dubai's biggest listed property firm, the most likely explanation was a sell-off by investors.

Emirates Executive is looking to boost demand in key source markets and partner with tour operators selling luxury global tour packages.
16:58 GMT

Emirates Executive has said its passengers constitute corporate executives, large family groups and government delegations.

Similarly, the profits dropped by 56 per cent in Q3 compared to the previous quarter when profits stood at SR143.7 million ($38.2 million), it stated.
15:01 GMT

The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million).

The resurgence in US hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.
14:33 GMT

With one month to go, 2014 is already the best year for hiring in 15 years.

Soaring energy use and inadequate gas supplies have spurred the UAE to look to nuclear power to diversify its energy sources beyond
13:13 GMT

The UAE is the first Gulf Arab state to start building a nuclear power plant to generate energy.

Rouhani admitted the budget for the fiscal year starting in March 2015 "would be under pressure" given the big fall in oil prices in recent months
12:40 GMT

"Such a drop is unprecedented," he said in a speech to parliament carried live on state television, noting that the government had been cautious in its forecasts.

 "Israel is of course exceptional, because it had no severe economic crisis, because you listened to Stanley Fischer's advice," he said
05:55 GMT

Dr. Jason Furman, chairman of US President Barack Obama's Council of Economic Advisers, estimates that Israel will overtake the US in inequality.

Located in the incubator building at Masdar City, the centre is a reconfigurable, multi-purpose facility and will not be restricted to providing only security solutions.
05:55 GMT

Earlier this year, reports indicated that Lockheed Martin also held talks with the UAE government for a military deal worth $270 million.

December 7, 2014


Saudi Arabia pumps around 9.7 million barrels per day
12:05 GMT

Standard and Poor's has lowered the outlook for Saudi Arabia to stable from positive and Oman to negative on sliding oil prices.

The countries in the Mena region are likely to become important global centres for producing iron and steel in the next five to 10 years, he added.
05:55 GMT

The UAE is amongst the highest consumers of iron and steel products (1,309 kg per person), well above the global average of 240 kg per person,