Main headlines

February 23, 2014

During the three-day visit to India, the MOIC and EDB coordinated business delegation participated in the Bahrain-India business seminar in New Delhi and a business seminar hosted by the CII in Mumbai.
03:55 GMT

The agreements reflect the broad range of relations between the two countries across a number of sectors, from chemicals to financial services and from ICT to health care.

Chinese Commerce Minister Gao Hucheng, heading a delegation of more than 20 top Chinese officials and economic managers, is currently in Tehran.
23:32 GMT

The conference will also discuss opportunities for the two countries to launch joint investments in other countries.

February 20, 2014

The Tamar partners will sell the gas over 15 years starting 2016.
20:05 GMT

The contract, worth $500 million was mediated by US Deputy Assistant Secretary for Energy Diplomacy at the State Department Amos Hochstein,

At the start of 2014, Iraq has become one of the world’s fastest-growing emerging markets, offering huge opportunities for those fast and flexible enough to gain a foothold
19:53 GMT

The value represents 28 percent of some $519 billion that have been poured into ongoing projects or will be invested in projects in the pipeline.


The value of the deals was not disclosed but local media put the figure at around $4.0 billion (2.9 billion euros).
19:41 GMT

The value of the deals was not disclosed but local media put the figure at around $4.0 billion (2.9 billion euros).

The Kingdom, the world’s largest crude exporter, shipped 7.54 million barrels a day on average last year, up from 7.41 million barrels a day in 2012.
19:33 GMT

Saudi Arabia exported more crude oil in 2013 than in any year since at least 2002, according to official statistics posted on the website of the Joint Organizations Data Initiative (JODI).

To cope with the increasing number of visitors, the Saudi government has outlined a plan to invest more than $30 billion in its airports by 2020.
17:16 GMT

Tourism is being ranked a top priority for Saudi tourism officials.

The agreement also provides for an additional $3 billion in restricted stock units
08:09 GMT

Facebook today announced that it has reached a definitive agreement to acquire WhatsApp.

The expansion plan is also estimated to create 500 new jobs
03:55 GMT

These projects are intended to gradually raise the production of phosphate by 50 per cent until 2018

Visa will also offer five packages (an all-expense-paid trip for two) to the 2014 FIFA World Cup in Brazil.
03:55 GMT

Dubai-based Mashreq has announced the launch of a limited edition FIFA World Cup Mashreq Visa card, aimed at attracting football fans ahead of the mega event this year.

The money helped Dubai and its state-linked companies avoid default during the crisis, when the emirate’s real estate market crashed and loan markets froze.
03:55 GMT

According to the International Monetary Fund, about $78 billion of debt held by Dubai and its state-linked entities will come due between 2014 and 2017.

February 19, 2014

Malaysia was followed by the UAE, Turkey, Indonesia and Saudi Arabia in this year’s rankings for halal-friendly holiday destinations.
17:25 GMT

The survey evaluates countries in terms of their attentiveness to the needs of Muslim travellers

"This is an equitable outcome for all parties," said BAE Systems chief executive Ian King.
17:00 GMT

Britain has reached an agreement over the rising cost of providing Saudi Arabia with Typhoon Eurofighter jets, British defence company BAE Systems said on Wednesday.

The ministry has offered 40000 feddan (16.800 hectares) to investors by the end of February with 20 percent (8000 feddan) allocated to locals in a closed bid.
11:47 GMT

Since its liberation from Israeli occupation more than 30 years ago, Egypt's Sinai Peninsula has suffered from serious underdevelopment and what residents describe as neglect by the government.

The ministry documented over 8,600 different violations in all companies visited by its inspectors
08:36 GMT

The Saudi Ministry of Labor recently tackled 2,034 cases of expatriates not working for their sponsors, according to a deputy labor minister.