Main headlines

April 7, 2014

Ghassan Oweidat, the first investigative judge of Beirut, ordered the arrest of Abu Hamzeh, the former head of the board of trustees of Safa and one-time Jumblatt aide, after questioning him.
19:10 GMT

The sources said Abu Hamzeh, husband of famed TV presenter Mona Abu Hamzeh, could remain in custody up to two months before his lawyers can get an order for his release on bail.

The new liquefied petroleum gas plant is designed based on state-of-the-art technology and strict health, safety and environment principles
10:55 GMT

Oman Gas Company (OGC) on Sunday signed a memorandum of understanding (MoU) with both Salalah Free Zone (SFZ) and Port of Salalah (POS) for building a world class liquefied petroleum gas (LPG) processing plant at SFZ and the storages and export facilities at the port.

It seems that all the major players in this regional aviation industry are hoping to ride the current wave of success
10:55 GMT

The aviation industry in the Middle East has experienced a commendable level of growth in recent years, with low cost carrier traffic doubling in the last five years, but local companies are still looking to build upon this success.

Dubai is expected to be ranked second after London in terms of gold trade
06:54 GMT

The value of gold traded through Dubai stood at $75 billion last year, representing 40 per cent of the world’s physical gold trade.

Heikal made his comment while discussing a government scheme to use coal in cement factories in order to reduce subsidies, despite criticism from campaigners and the environment ministry
03:55 GMT

Sawiris then retweeted a post saying: "Like father like son… He pretends to be a socialist after the first 50 million," a clear reference to Heikal, who is widely believed to be living in London.

He added that the ministry would make also smartcards available for the citizens, which would allow them to save points to be used in exchange for other commodities, such as milk, yoghurt, lentils and beans
03:44 GMT

Ministry of Supply provides smart ration cards to citizens to meet their needs of bread and other commodities

April 6, 2014

Gold worth a total of $75 billion was moved through Dubai in 2013.
17:09 GMT

Dubai become the biggest transit city for gold in the world last year.

  The head of the Bakeries Committee in the Jeddah Chamber of Commerce and Industry, Fayez Hamadah, said all bakeries in the region will be automated within two years.
15:55 GMT

While encouraging young Saudis to accept jobs at bakeries, Hamadah said they should not feel ashamed of working as bakers and added that anyone who wants to open a bakery will find complete support from his committee.

Riyadh and Jeddah are among the biggest 10 cities in terms of having the largest number of new hotel projects in the Middle East
11:55 GMT

The volume of hospitality market in the Kingdom is expected to grow by 4 percent to $93billion (SR348 billion) in the next five years.

The growth in non-oil exports in 2013 was mainly driven by exports to neighbouring countries UAE and Saudi Arabia
09:55 GMT

The sultanate posted total non-oil exports of RO3.8bn in 2013, a growth of nearly six per cent from RO3.59bn in the previous year.

More than 8,092 investors from India notched AED 17,939 billion transactions in Dubai real estate during 2013
08:55 GMT

International Property Show (IPS) will have a large Indian participation under the umbrella of the National Real Estate Development Council (NAREDCO), a leading real estate body in India.

Omani exporters wishing to access EU markets should be aware of the existing special requirements of their trading partners
07:55 GMT

Oman and the European Union (EU) are seeking to boost bilateral trade and investment by providing increased opportunities to the business communities on both sides to trade and exchange information.

The IMF official said growth increased to about 3 per cent in 2013
06:52 GMT

The International Monetary Fund’s (IMF) executive board is expected to approve the disbursement of $264 million to Jordan late this month under a Stand-By Arrangement (SBA).

Iran says US sanctions have prevented it from renewing its fleet, forcing it to use sub-standard Russian aircraft and to patch up jets that have long since exceed their normal years of service. Iran says US sanctions have prevented it from renewing its fleet, forcing it to use sub-standard Russian aircraft and to patch up jets that have long since exceed their normal years of service.
03:55 GMT

Since 1990 Iran has had more than 200 accidents, causing more than 2,000 deaths, according to official news agency IRNA.

April 4, 2014

According to SFD sources, around 50 companies were referred to the Public Prosecution last year. Altogether 84 cases were registered during the same time.
08:41 GMT

Prison sentences for periods ranging between one and three years have been handed down to more than 40 people, including expatriates and nationals, for visa trading