Main headlines

March 23, 2014

Bank Muscat maintains its leadership position by playing an integral part in large-scale infrastructure projects
13:55 GMT

Bank Muscat highlighted the role of local banks in financing infrastructure projects at the 4th Oman Economic Forum (OEF) held last week.

The MICE sector generates Dh2.4 billion(over $653 million) every year in Abu Dhabi alone (File Archive)
13:00 GMT

The Gulf Incentive, Business Travel and Meetings Exhibition is set to start Monday this week in Abu Dhabi

Passenger traffic has dramatically increased in Amman since the opening of the new airport last year (File Archive/Shutterstock)
11:00 GMT

Jordan's recently renovated Queen Alia International Airport witnessed a 19.3 percent increase in passenger traffic in February.

Iran’s top oil importers have bought more than 1 million bpd since November
08:55 GMT

Latest data showed that the four top importers of Iran's crude have bought over 1mln bpd of oil from the Middle-Eastern country since November, when Tehran and the world powers struck a deal

Helmy also said that Italy is considered the number one trade partner with Egypt in the European Union, and also ranks second in terms of international economic partners.
03:55 GMT

The business council meeting would help expand economic cooperation between the two countries in different sectors related to industries, construction, textiles and petrochemicals, he said.

Thirty-six Saudi engineers have been referred to the Ministry of Interior for investigation due to suspicion that they are holding fake engineering degrees.
03:55 GMT

“The total number of fake engineering degrees that were discovered has amounted to 1,300."

The currency dropped by as much as 0.7 percent before trading 0.4 percent weaker at 2.2387 per dollar during morning trading in Istanbul.
02:07 GMT

The Turkish lira weakened following Prime Minister Recep Tayyip Erdogan’s decision to block access to Twitter nine days before local elections.

March 21, 2014

 The UAE, the second biggest Arab economy, doesn’t impose income taxes.
00:50 GMT

Junior bankers in the UAE are reaping almost 36 per cent more salary than their counterparts in London,

Currently, they have 2,000 taxis registered in Cairo and the app has recently been launched in Alexandria as well.
00:40 GMT

The app has been recently launched in Egypt, part of a network that started in South America, specifically Brazil, and is now available in 30 countries worldwide

March 20, 2014

Dubai launched its first entrepreneurship academy earlier this year to  support the growth of SMEs in the emirate (Courtesy of Gulf Business)
14:00 GMT

Small and Medium Enterprises are expected to grow in the UAE over the next few years.

Qatar will issue 10 tenders in 2014 for project managers and design consultants for the construction of the World Cup stadiums (File Archive)
12:00 GMT

Qatari officials assured media outlets this week that Doha's preparation for hosting the 2022 World Cup is "on track."

The proposed 1.7 million jobs are supposed to serve as employment opportunities for Saudi's youth (File Archive)
09:38 GMT

Saudi Arabia's government has allegedly created a plan to create 1.7 million job opportunities for young Saudis in the country's tourism industry.

Between 2011 and 2012, UAE-Mexico bilateral trade increased by 27 per cent from Dh4.1 billion to Dh5.2 billion
08:55 GMT

The Mexican government is looking to strengthen cooperation and explore joint investment opportunities with the UAE.


The infrastructure sector requires an estimated $1 trillion in investments over the next four-five years.
03:55 GMT

"Returns on infrastructure in India are among the highest in the world,” the sources told HT.

 
The Iranian-Omani pipeline, transporting almost one billion cubic feet of gas a day, will take 2½ years and to build, Mr. Kameli said.
02:27 GMT

Through its Omani partnership, the Islamic Republic could ship the commodity to lucrative Far Eastern markets.