Main headlines

March 20, 2014

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.

Apple discontinued the iPad 4 last year when it launched its current flagship tablet, the iPad Air. The company had cut the price of iPad 2 to $399 in 2012.
01:51 GMT

Analysts have said earlier that the iPhone 5C, which is about $100 cheaper than the iPhone 5S, was unable to grab market share from rivals offering lower-cost phones based on Android.

March 19, 2014

Xbox one will debut in UAE and Saudi Arabian markets this September (Shutterstock)
15:00 GMT

Xbox One will debut in UAE and Saudi Arabian markets in September.

The UAE's IPO market has faced what has been described as a drought as a result of the global financial crisis (File Archive)
13:00 GMT

Marka is set to "save" UAE's IPO market, which has been going through a "drought" due to the global financial crisis, says its leadership.

Abu Dhabi exceeded its 2013 target to attract 2.5 million hotel guests in one year (File Archive)
11:00 GMT

Jobs in UAE's tourism industry are growing rapidly, but favorable regulations are crucial to ensure that such growth is sustained in the future, say analysts.

The Egyptian businessmen desire to invest more in Sudan and cooperate in the agriculture sector
09:55 GMT

The volume of Egyptian investments in Sudan reached $7.8 billion spread among 230 ventures.

The plant, which will be located in Maan will have a total capacity of 10 megawatts
08:55 GMT

Jordan on Tuesday signed a $24 million agreement with Arabia One for Clean Energy Investments to build a solar-run power generation plant.

"Millions of people in Israel use our service daily, connecting with each other and sharing what is important to them," said Soffer-Teeni.
03:55 GMT

Soffer-Teeni will also focus on establishing a team of local representatives at the Ramat Gan office. The team will work closely with Facebook's Israeli team in Dublin.

Economists polled by Reuters in January saw 2 percent growth for the year ending June 2014.
03:55 GMT

Ashraf Al-Arabi said Egypt had spent 25 billion Egyptian pounds ($3.59 billion) of 64 billion pounds pledged in stimulus packages, with much of that money coming in aid from the United Arab Emirates.

Analysts say Iran represents the best route for energy transfer in the region as this route is shorter and less costly than Russia, Turkey and China routes.
03:55 GMT

Iran started its oil swap with the Caspian Sea and Central Asian states in 1997.

A string of major project wins in the UAE, strategic expansions into new markets and timely acquisitions enabled construction major Arabtec to record a triple-digit growth rate (149 per cent over 2012) in net income for 2013.
23:27 GMT

If 2013 proved a strong year, indications for this year verge on the spectacular — the company confirmed the year-to-date order book has gone past Dh200 billion, bolstered by the recently awarded $40 billion (Dh146.9 billion) contract in Egypt.

JLL said many of these investors were doing so with the purpose of “wealth preservation” rather than collecting “a trophy portfolio.”
23:10 GMT

Continued political turmoil across the Middle East has caused local investors to almost double their investment in Western real estate.