Main headlines

July 14, 2014

Although the company will finance half the cost from its resources, it is expecting to receive the remaining funds through the debt market along with the sales of some parts of the project,
04:55 GMT

Dubai’s plans to construct mega projects such as Mall of the World could lead to another boom-bust cycle within the emirate’s real estate market

The Statistical Center of Iran put the inflation rate of the country's rural areas in the 12-month period to the third Iranian calendar month (ended on June 21) at 28.3 percent.
04:55 GMT

"Containing inflation is the main economic priority of the government," he said.

In the UAE, hotel occupancy touched 75 per cent in May.
04:55 GMT

Hotel room rates in Dubai normally peak during the January-April period and the two Eid holidays.

Energy-rich Qatar has come under international pressure to clamp down on violations of the rights of migrant workers, specially those building World Cup infrastructure.
04:55 GMT

A report commissioned by the Qatar Foundation chaired by the ruling emir’s mother charged that the rights of migrants, mainly Asians, are flouted in their home countries from the moment they sign up for work.

July 13, 2014

He called for imposing stricter search measures on female passengers and travelers because terrorists may use women to carry out their operations.
22:25 GMT

A Dammam airport source told Al-Hayat Arabic daily that airport officers have been asked to refer any suspicious passengers for investigation.

The ranking, published by www.TopMBA.com, is unique in that it highlights the value of MBA programs based on employer demands of MBA graduates.
18:32 GMT

The rank was based on the demands of international employers for MBA graduates.

The airline will also operate four flights a week to the world-class tourism and economic hub, Hong Kong, and three flights a week to Algeria’s vibrant capital and largest city, Algiers.
16:47 GMT

Etihad Airways will launch six new routes in the first half of 2015, offering even more choice and improved connections to travellers worldwide.

The results indicate increases of 35 per cent in tourists from the UAE, 6.3 per cent from Saudi Arabia and 10.8 per cent in tourists from Kuwait.
16:26 GMT

The average stay for the Arab tourist — particularly GCC nationals — increased from 9.5 nights in 2013 to 11.6 nights in 2014.

Iran’s Targeted Subsidy Reform remains one of the most ambitious attempts to reform subsidies in an energy-exporting country.
14:11 GMT

A new IMF paper shows how subsidy reform has recently gained momentum in the Middle East and North Africa and outlines the elements of successful subsidy reform.

Yemen has struggled to pay public sector salaries and finance food and energy imports, which has led to power cuts and fuel shortages
04:55 GMT

But reducing subsidies is hard in a country where a third of the population of 25 million lives on less than $2 a day, and this week’s austerity package did not address subsidies.

Historically, Iran’s economy has been heavily dependent on oil, and the fluctuations of oil prices and exports over the years have directly influenced the government’s budgets and actions.
04:55 GMT

Finance and Economic Affairs Minister Ali Tayyebnia says Iran will no longer promote an oil-based economy even if the economic sanctions which have been imposed against the country are totally lifted.

Efforts to reach agreement on a new government in Baghdad to confront the insurgents have been complicated by the tensions between Maliki and the Kurds.
04:55 GMT

An oil ministry spokesman in Baghdad described the takeover as dangerous and irresponsible and called for the Kurdish forces to withdraw immediately.

A number of foreign partners have reduced investments in the sector for the upcoming period, which will cause average natural gas production to stabilise.
03:14 GMT

Dues owed to foreign oil companies reached a total of $6.3bn this July, compared to $6bn at the end of April.

July 11, 2014

“We are close to an agreement on holding a Parliament session on July 17 to pass laws adopting the new salary scale and government expenditures,” the source said.



Read more: http://www.dailystar.com.lb/News/Lebanon-News/2014/Jul-11/263496-wage-hike-breakthrough-expected-next-week.ashx#ixzz377kRp4Ue 
(The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)
03:42 GMT

Breakthrough in the long-running crisis over public workers’ salaries is expected next week, a ministerial source revealed to The Daily Star Thursday.

The world’s most expensive cities for expats are both in Africa. Luanda in Angola is ranked first for the second year, followed by N’Djamena in Chad.
03:38 GMT

Rising housing costs has pushed Dubai up the rankings in an annual survey of the most expensive cities in the world for expatriates to live in.