Main headlines

April 21, 2014

“At the forefront of these projects came the multi-billion dollar clean fuel project, the new Al Zour refinery, the fifth natural gas plant and the construction of new liquefied natural gas import facilities,”
22:38 GMT

The new multi-billion dollar Al Zour refinery will be one of the largest oil refining plants worldwide.

Saudi Arabia plans to invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032, which is almost 30 percent of its total energy requirement by that time
20:53 GMT

These initiatives aims to boost the Kingdom’s potential for becoming the largest producer of solar energy in the world

Qatar also came under fire by the international human rights community after reports of migrant workers being ill-treated in the country
20:37 GMT

The Gulf state is embroiled in a number of corruption allegations regarding the event, including being accused of buying the right to host the World Cup.

The country's GDP in 2013 was $202.38 billion, according to government data (File Archive)
12:00 GMT

Qatar is expected to have a GDP of $230 billion by this fiscal year's end.

A total of 2.25 million passengers used Sharjah Airport from January to March 2014 (File Archive/Shutterstock)
10:00 GMT

Sharjah Airport recorded the highest level of passenger traffic on record during the first quarter this year.

Egypt's tourism sector contributes 11 percent to the country's GDP (File Archive)
08:00 GMT

At least 26,000 tourists came to Egypt for the Easter holiday weekend in what was welcomed as a much-needed spike for the country's ailing tourism sector.

 
By holding 157 billion barrels of recoverable crude oil reserves, Iran possesses the world’s fourth largest reserves of crude oil.
03:55 GMT

On April 12, Iranian MP Ali Marvi quoted Oil Minister Bijan Namdar Zanganeh as saying that Iran will increase its crude oil output to 5.7 million barrels per day by the end of Iranian calendar year 1397 (March 2019).

The National Insurance Consortium will provide “construction all risks” and “third-party liability” insurance to Phase 1 of Doha Metro Project.
03:55 GMT

Qatar Rail has awarded one of the largest-ever “single project tunnelling and rail construction insurance” policies to a six-member consortium of Qatari national insurance companies,

GCC governments are targeting greater diversification so that the non-oil private sector starts to play a more significant role in supporting the economy, according to the Q1 review.
03:55 GMT

Economic growth in the Gulf Cooperation Council (GCC) region will remain largely influenced by oil prices and supply dynamics in the oil industry

April 20, 2014

Singapore's education system is ranked second best in Asia (Shutterstock)
13:00 GMT

Singapore's National Institute of Education is set to train 3,000 Saudi school principals over the next few years.

Jordan recently launched a religious tourism campaign to encourage travelers to visit sites such as the alleged baptism site of Jesus (Courtesy of Wikipedia)
11:00 GMT

As tourists continue to flock to Jordan en masse, the Hashemite Kingdom is recording higher revenue profits than ever before.

Despite world forecast revisions, oil production in OPEC countries is on the rise due to Iraqi output (File Archive/Shutterstock)
10:00 GMT

The International Energy Agency revised its forecast for global oil demand in 2014 to 1.5 per cent which may impact further developments and investment in the sector in consequence.

Saudi Arabia surpassed the United Kingdom, Japan and France in military spending in 2013 (Shutterstock)
09:00 GMT

Saudi Arabia ranks in the top four countries for military spending globally, according to a new report released out of Stockholm this week.

Although experts have indicated that regulations such as the doubling of property transfer fees and the mortgage law have helped curb flipping, the emirate has been seeing a rise in off plan sales in the market.
02:55 GMT

“We are not yet back to 2008 prices but in some individual projects we are. So we certainly need to monitor them carefully.”

Libya plans to limit the costly subsidies its citizens enjoy when buying fuel – much of which is smuggled into Tunisia for resale at higher prices – by introducing a “smart card” system like one newly implemented in neighboring Egypt.
01:10 GMT

Fuel smuggling is common across North Africa and its extent has increased in the chaotic aftermath of the Arab Spring.