Main headlines

March 18, 2014

GFCI 15 uses 25,441 financial center assessments completed by 3,246 financial services professionals.
03:55 GMT

Qatar’s rating rose by 15 points, mainly driven by its increasing competitiveness and perceived significance as a financial center.

Dubai Metro is the world’s longest fully automated and driverless urban rail system
03:55 GMT

The metro museums will feature interactive exhibits and state-of-the-art technology such as mobile applications.

The project is scheduled to open in 2015.
02:04 GMT

Situated on the intersection of Hua Cheng Avenue and in the centre of New Pearl City Tian He district in East Guangzhou, the apartment and hotel complex is located in a rapidly growing commercial centre.

March 17, 2014

The prince expressed his pride at the collaboration between Alwaleed bin Talal Foundation, Global and the European Organization for Research and Treatment of Cancer (EORTC).
15:38 GMT

Prince Alwaleed bin Talal, was honored “Grand Officer of the Order of Leopold” by Princess Astrid of Belgium on behalf of King Philippe of Belgium.

The majority of Saudi companies say they will hire in the next three months, but over half of them are only looking to hire Saudi applicants (Shutterstock)
14:00 GMT

Based on recent surveys, nearly 70 percent of Saudi companies claim they will either probably or definitely hire in the upcoming three months.

Last year, Hyundai's Elantra was the company's top selling model in the Middle East (File Archive)
13:00 GMT

Hyundai signed a deal with a Ras Al Khaimah (RAK) government company this week to provide the authoritative body with a fleet of 84 vehicles.

Saudi Arabia's inflation rose from 2.9 to 3.5 percent last year, but authorities are saying that the situation "remains under control" (File Archive)
11:00 GMT

Recent US Federal Reserve purchases will not effect Saudi Arabia's "stable" economy, say authorities.

Qatar is planning to focus its future development within the non-oil and gas sectors (File Archive)
09:36 GMT

Qatar is planning to launch a new set of infrastructure projects estimated to be $65 billion in the upcoming days.

82 per cent of businesses in the Middle East are targeting growth in 2014
07:55 GMT

A significant 71 per cent of the companies in Oman are targeting growth and higher market share in 2014.

The Suez Canal Project is much needed for the Egypt's economic revival.
04:55 GMT

Alhammadi added that DP World plans to carry out the Sokhna third berth with costs exceeding $200m.

 
Israel routinely closes the crossing to mount the pressure on the besieged Palestinians and their rulers in Gaza.
03:55 GMT

Israel was to allow the resumption of diesel deliveries into Gaza on Sunday, a day after the territory's sole power plant stopped working due to a lack of fuel, officials said.

March 16, 2014

In both cases, the tenure was set at five years renewable, with a fixed interest rate of 1 per cent through the entire tenure.
19:23 GMT

Dubai Government was granted these facilities, which fall due during the current year, back in 2009.

The Syrian refugee influx into Jordan has in some ways exacerbated the Kingdom's financial struggles to a new level (File Archive)
16:00 GMT

The World Bank has approved a $250 million loan to Jordan to help ease the country's growing fiscal strains.

Germany evacuated its citizens from Egypt's Red Sea Resorts in February 2014 (File Archive)
15:00 GMT

Egypt's tourism has taken another plunge, recording a 28 percent drop in visitors during the two first months of 2014 in comparison to last year's figures.

Sotheby's sales in Doha last year amounted to an estimated $15.2 million (Shutterstock)
14:00 GMT

Sotheby's and Art Dubai are hoping to woo more MENA investors to the art market this month with the annual art showcase set for the UAE and the announcement this week from Sotheby's that Damien Hirst's "Tranquility" will be auctioned in Doha in late April.