Main headlines

July 6, 2014

Many citizens have objected to the price increase, which was approved by the government yesterday.
04:55 GMT

Anger is mounting against recent petroleum price increases after government reductions in subsidies for the sector came into effect on Saturday.

E-government is “entering a new episode” with all 193 UN member countries using national websites for the first time.
04:55 GMT

In the 2012 report, Jordan ranked 98th out of 190 countries.

“EDL will limit the network’s productive capabilities to a fixed amount of 1,550 Megawatts from July 1 to Sept. 10," the statement said. “We call on citizens to understand need to achieve balance between the need for electricity production and the sensitive situation of the public budget,” the EDL said.
03:55 GMT

Lebanon’s state-owned electricity company announced Friday that it would limit its production this summer, providing only 13 hours of electricity per day.

July 4, 2014

The spending figure of 23.21 billion dinars is 10.5 percent higher than estimates in the past fiscal year of 21 billion dinars.
15:28 GMT

he OPEC member has projected a deficit in each of the past 14 fiscal years but ended each year in the black, accumulating more than $300 billion in budget surpluses.

The project has envisaged that about 250 megawatts (MW) of electricity will be generated per day from burning 1,500 tons of solid waste.
13:56 GMT

The project will create 650 direct jobs and 2,000 indirect jobs, and will be implemented in four phases over the course of 24 to 36 months.

Etihad joins Emirates, which sponsors Old Trafford cricket ground and Durham County Cricket Club, in bolstering its English brand profile through cricket.
02:21 GMT

“Cricket enables Etihad Airways to create strong synergies between the key cricket playing nations and our major flight networks across the Indian subcontinent, Australia and the UK."

Political unrest in Egypt is not affecting work on the mall, confirms George Kostas, CEO of UAE-based retailer Majid Al Futtaim Properties.
02:14 GMT

Mall of Egypt, the 160,000-square metre mega-mall being developed by Majid Al Futtaim (MAF) Properties in Cairo, is proceeding on track despite unrest in the country, a senior official confirmed.

Taking back the two major eastern oil terminals could make around 500,000 more barrels per day (bpd) of crude available for export
01:59 GMT

Thinni said the ports had been reclaimed after an agreement with Ibrahim Jathran, whose fighters had seized the terminals almost a year ago to demand more regional autonomy.

July 3, 2014

Regarding President Abdel Fattah Al-Sisi’s plan to provide the market with citizen’s needs for oil and sugar produced by the army, she said this plan is “illogical in economic terms and impossible to implement.
14:32 GMT

The government is unlikely to succeed in controlling anticipated price jumps in markets, goods, and services vulnerable to such abnormalities in the wake of petroleum subsidy cuts in the new budget.

“It [the company] was also acquitted of any violation of Egypt’s tax laws, and thus did not take this decision into consideration,” the company added.
03:00 GMT

AhramOnline reported Tuesday that the construction tycoon has been sentenced in absentia to three years imprisonment on charges of tax evasion.

KPC has said previously that the existing pipeline linking the two cities, also built by Zakhem International in 1973, has outlived its 30-year lifespan and was prone to ruptures.
02:54 GMT

Family-owned Zakhem International has also carried out oil pipeline, refinery and fuel storage projects in Libya, Iraq, Nigeria, Qatar, Italy and Tanzania, according to its website.

“The facility scope of work is similar to other facilities built in the past by the US Army Corps of Engineers in other Middle Eastern countries,” it added.
02:14 GMT

The US government has announced plans to build a new military hospital in Kuwait at a cost of $1.7 billion

July 2, 2014

The new complex will create significant value to Ma’aden shareholders.
19:42 GMT

The estimated cost of the project is approximately SR28 billion ($7.5 billion), and production at the new facility is expected to commence in late 2016.

An estimated 20 million visitors are expected to attend Expo 2015, of which 7.6 million will travel to Milan by air, the two airlines said in a joint statement.
15:23 GMT

Etihad Airways and Italy’s Alitalia have been named as the Official Global Airline Carriers for Expo 2015 in Milan.

The new route departs Doha at 8.10am and arrives in Dallas the same day at 3.35pm.
14:54 GMT

Airline begins daily services to Dallas, Texas, from Hamad International Airport