Main headlines

November 4, 2014

Separate data published on Monday showed that activity in the eurozone's manufacturing sector nudged higher in October as businesses cut prices.
05:55 GMT

Oil prices fell Monday, hit by a strengthening dollar as dealers digested global manufacturing data for clues about demand growth.

"The method of privatisation will be determined with the advisor," one of the banking sources told Reuters.
04:55 GMT

Turkey is to revive plans to privatise two bridges across the Bosphorus Strait in Istanbul and some motorways and aims to start the process by the first quarter of 2015,

November 3, 2014

There were 51,753 Saudis who visited Egypt in August - an increase of 254.3 percent compared with August 2013.
06:55 GMT

The Ministry of Tourism and the Egyptian Tourism Authority (ETA) have focused on attracting Arab and GCC tourists to Egypt through the Wahashtouna campaign that was launched earlier this year.

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
05:55 GMT

A recent report issued by PayFort, an institution specialising in online payment solutions, said that only 7% of Egyptians have bank accounts.

Development of the part jointly owned with the Saudis has been frozen for a year, according to Al-Rai.
05:55 GMT

The row comes a month after production at the offshore Khafji oilfield in a neutral zone between the two Arab states was halted last month.

November 2, 2014

Since the beginning of 2014 and up until September, the year-to-date passenger numbers soared to 5.55 million.
22:34 GMT

Queen Alia International Airport (QAIA) in Amman, Jordan, achieved a record-breaking feat by surpassing the 600,000 passenger traffic benchmar for the first time in the airport’s history

Mouawad has designed bejeweled bras for the American lingerie chain for more than a decade.
14:08 GMT

The 2014 edition of Victoria's Secret's Fantasy Bra will feature, for the first time, not one, but two sapphire, ruby and diamond sets designed by Lebanese jewelers Mouawad, valued at $2 million apiece.

Rental rates across Sharjah grew two per cent quarter-on-quarter during Q3 2014.
13:45 GMT

Real estate market values in Sharjah and the other northern emirates are largely dictated by what is happening in neighbouring Dubai.

The international rating agency said the revised outlook for Jordan's rating was supported by expectations that the Kingdom's fiscal and external balances will continue to improve.
13:11 GMT

Jordan has regained its stable credit rating from Standard and Poor's (S&P) almost three years after a downgrade to negative.

The agreement, signed in 2012, facilitated exporting Turkey’s goods to the Gulf and African nations through Egypt's mainland via Egyptian ports
05:55 GMT

Egypt's decision not to renew the deal, set to expire in April 2015, reflects the deteriorating relations between the two nations.

These stadiums, which will have a capacity of 45,000 spectators, will be built on the lines of the hitech King Abdullah Sports City located 50 km from Jeddah,
04:55 GMT

Aramco has been ordered by Saudi monarch King Abdullah to build these stadiums

Qatar is one of the world’s richest countries and is already heavily invested in British firms and property.
04:55 GMT

British Prime Minister David Cameron on Wednesday urged Qatar to plough more of its vast oil and gas wealth into infrastructure projects across Britain.

October 31, 2014

Cyprus, a member of the European Union, is anxious to develop the gas reserves in its so-called exclusive economic zone -- an offshore region lying south of the island.
12:01 GMT

The governments of Egypt, Greece and Cyprus urged Turkey on Wednesday to stop trying to chart gas deposits in areas of the east Mediterranean claimed by Cyprus, saying the work was illegal.

This figure will represent around three per cent of the global preventive vaccine market by 2030,
11:49 GMT

Halal drugs are those that do not use any animal extracts, which are not Sharia compliant.

October 30, 2014

Yesterday, SodaStream said its third-quarter revenue fell 13 per cent to $125.9 million from $144.6 million a year earlier.
14:24 GMT

Sodastream, the Israeli maker of fizzy drink machines, will close its West Bank factory after coming under intense pressure from pro-Palestine groups.