Main headlines

April 27, 2014

Rouhani's first attempt at implementing subsidy reform was a disaster.
03:55 GMT

"Of course I don't want prices to go up, but the reality is that the prices have to become real," said a 30-year-old communication specialist in Tehran. "But I expect more services from the government in return, such as health and transportation."

The meeting focused on the economic policy issues of the two sides, exploring trade opportunities and boosting of trade ties between them.
02:09 GMT

The 5th UAE-US Economic Policy Dialogue, attended by government representatives of both countries, has concluded in Abu Dhabi.

April 26, 2014

Microsoft said it will acquire some 25,000 Nokia employees in 50 countries.
02:26 GMT

More than 4,000 in Finland will transfer to Microsoft and the Nokia headquarters in Espoo, near the Finnish capital, Helsinki, will be taken over by the US giant.

The dispute is delaying publication of an oil and gas exploration tender for Lebanon's Block 9, which could have more than seven trillion cubic feet of natural gas.
02:17 GMT

Talks on solving the dispute between Israel and Lebanon over the border of their exclusive economic zones (EEZ) are on the rocks

Congress passed a bill in January allocating $1.3bn in military aid to Egypt under certain conditions
02:02 GMT

Stipulations set for the entire aid package outlined that Egypt must maintain its strategic relationship with the US and fulfil its obligations under the peace treaty with Israel.

April 24, 2014

The investment will boost Saudi's economy and generate 15,000 jobs (File/AFP)
16:50 GMT

The Kingdom has begun the first phase of the $7.2 billion project, which will create 15,000 jobs.

The two luxury four and five star hotels will offer over 1,000 rooms (File/AFP)
16:36 GMT

Muscat will award contracts shortly for construction to take place on two hotels, according to Oman Daily Observer.

The airline is using #EtihadSuggests to invite Facebook and Twitter users to get up-to-date travel tips (File/AFP)
15:56 GMT

Etihad Airways launched a new social media strategy in the form of a hashtag in an attempt to engage more with customers.

India's government has requested for all payments to be made by mid-May to Tehran (File/AFP)
14:59 GMT

India is due to pay $1.65 billion to Iran within the next three months as part of a nuclear agreement with the world's six powers and Tehran to release an outstanding balance of frozen Iranian funds, thought to be over $4 billion.

Around 67 percent of DI’s total asset base is in the property sector which positions DI as a major real estate player in the UAE.
03:55 GMT

Dubai Investments, the largest investment company listed on the Dubai Financial Market (DFM), has raised the foreign ownership limit in the company from the existing 20 percent to 35 percent.

The JEC seeks to achieve new world records using latest technologies for foundation works of high rise buildings.
03:55 GMT

The foundation and piling works, one of the most important and difficult stages of the project, took 12 months to complete, the JEC said.The JEC seeks to achieve new world records using latest technologies for foundation works of high rise buildings.

April 23, 2014

Bank Mellat, which has been in Turkey since 1982, faced restrictions in 2012 which led to a decline in its growth due to economic sanctions imposed against Iran.
23:36 GMT

Earlier this year, Turkish Prime Minister Recep Tayyip Erdogan said that he considered Iran to be “his second home” during a visit to Tehran aimed at strengthening economic ties between the neighboring countries.

The base expansion has been hailed as one of the biggest British Navy investments on foreign soil, costing $16.6 million (File/AFP)
14:49 GMT

Construction work has started on the expansion of the UK Maritime Component Command complex in Bahrain, creating a bigger partnership between British authorities and their Bahraini counterparts.

Israel's economy minister Naftali Bennet said the Jewish state will take steps towards a free trade agreement with India and China (File/AFP)
13:49 GMT

Asian countries including the world's fastest growing superpowers, India and China will overtake America's position as the biggest exporters to Israel in 2014.

Occidental Petroleum Corporation expects its capital program to increase by $10.2 billion (Fabio Bucciarelli/AFP)
13:11 GMT

Occidental Petroleum Corporation (Oxy) will invest further in Oman to help boost production in 2014.