Main headlines

December 9, 2013

“This transaction underscores the success of London Bridge Holdings in transforming a blighted, brown field site into a vibrant and vital global business centre,” the firm said in a statement.
12:17 GMT

London Bridge Holdings had originally planned to refinance More London by next summer but decided to sell the asset due to the attractive offer made by St Martins, which already owns property in London.

According to Yediot Aharonot newspaper, which first broke the story, the idea dates back to the 1994 signing of a peace treaty between Israel and Jordan.
11:16 GMT

But don't get too carried away with the idealistic title, the deal is also all about guarding their strategic interests.

Sony MEA will develop Al Jazeera's 3G broadcast infrastructure, including a network wide Broadcast IT project (Shutterstock)
08:00 GMT

Sony signed a historic $143 million deal with Qatar-based Al Jazeera to build a hitech 3G broadcast infrastructure for the media network.

Riyadh Gov. Prince Khaled bin Bandar will open the forum Monday evening (Courtesy of the Government of Saudi Arabia)
07:00 GMT

The sixth edition of the Riyadh Economic Forum will commence in KSA's capital Monday evening. The three-day conference will discuss the future of the Saudi Arabian economy and outline strategies to boost the country's development overall.

The Central Bank of Egypt returned aid to Qatar in December and November, which may be partly accountable for the drop in foreign reserves over the past three months (Courtesy of Gulf Business)
05:54 GMT

Egypt's foreign reserves fell for the third consecutive month in November by 4.8 percent amidst growing economic struggles within the country.

Non-oil trade is vital to the long term strength of the UAE economy. (Image credit: Shutterstock)
05:09 GMT

Dubai’s non-oil foreign crossed the Dh1 trillion (USD $272 billion) threshold during the first nine months in 2013

Dhamani Jewels is showcasing a Dh40 million ring and a new diamond-studded watch collection
03:55 GMT

Over 360 exhibitors from more than 30 countries showcased their exclusive jewellery collections, precious gemstones and cutting-edge designs at the Middle East’s most prestigious and influential jewellery event of its kind.

Samsung is the not the first to launch a tablet for children in the country; in October, India’s HCL Infosystems launched the ‘ME Champ’ tablet in the UAE.
03:55 GMT

Electronics giant Samsung has announced the UAE launch of the Galaxy Tab 3 Kids, a tablet designed specifically for children.

December 8, 2013

“If there is a will, there is a way. And we have the will. I will find these solutions.”
16:39 GMT

“I am sure at the end of the day that football will be the winner. At the end of the day we will show the world that we can create good working conditions,” he said to reporters.

KSA will officially begin with the electronic system on January 2 (Shutterstock)
12:36 GMT

Saudi Arabia will begin using a new electronic system in early January to monitor and control all imported foods in the country.

The airline industry will carry more than 3 billion passengers for the first time, according to the International Air Transport Association (File Archive)
12:16 GMT

Airline carriers in the Middle East exhibited the strongest year-over-year traffic growth based on its October figures, according to the International Air Transport Association.

Kuwait's National Bank says the country's inflation rate will reach 2.6 percent by the end of the year (Shutterstock)
11:31 GMT

Kuwait's inflation reached a nine-year low in October at a modest 2.7 percent, despite excessive consumer spending in recent months.

Abu Dhabi, along with Dubai, are expanding their port infrastructure in order to attract more cruise tourism in the upcoming years (Courtesy of Gulf Ship News)
10:50 GMT

Abu Dhabi and Dubai are in the process of expanding their ports in efforts to cater to more cruise tourism.

The new road between Abu Dhabi and Dubai is 62 kilometers. (Image credit: Shutterstock)
07:06 GMT

Abu Dhabi General Services “Musanada” has signed two contracts for the implementation of the Abu Dhabi-Dubai Road Project.

More IPOs are expected to come in MENA based on the activity which occurred in the first half of the year. (Image credit: Shutterstock)
06:30 GMT

Initial public offerings are set to be revived in the Middle East and North Africa (MENA) as conditions in the capital markets improve, a new report by Ernst and Young said.