Main headlines

December 9, 2014

Taxis will be provided with the most advanced communication technology, so passengers can call a taxi company to arrange a pickup
23:10 GMT

Under new laws for public taxis that come into effect in 45 days, commuters in the Kingdom will no longer hail cabs on the streets.

 “The railway will increase trade and economic exchange between the member states,”
22:59 GMT

The GCC railway link project, which has been given top priority by the bloc’s leaders, would be completed by 2018

The Shoura Council also declared this year that Arabic be used as the lingua franca in international conferences and official forums inside the Kingdom.
18:18 GMT

The Ministry of Education ordered the closure of 17 international schools and issued warnings to 32 others last year for violating local laws.

Kuwait has been ranked last in the list of best countries in the world for expatriates to live and work, based on a report titled ‘Expats Insider Survey 2014'.
15:05 GMT

Kuwait was placed in 61st position internationally after Qatar, Greece and the Kingdom of Saudi Arabia.

According to the Egyptian Government, the upcoming phase will witness noticeable activity in investments in the transport and logistics sector.
14:49 GMT

A trade mission of 50 major Italian companies in the energy and logistics sector will hold investment talks during a visit to Cairo in February.

 
Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan.
14:33 GMT

Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan

The increasingly important region is renowned for its discerning customers, who appreciate the unique combination of luxury and performance offered by Bentley.
04:55 GMT

The announcement highlights the importance of the Middle East to the brand’s continuous success,

Earlier in October, Governor of the CBE Hisham Ramez announced the payment of $500m to Qatar.
04:55 GMT

Foreign reserves reached $15.8bn at the end of November 2014, marking a $1.1bn decrease from $16.9bn in October.

Official figures show that more than 30 million people out of Iran's total population of 75 million use the Internet.
04:55 GMT

Iran's telecommunications minister has said his technicians are developing a system to identify any Internet user in the country at the moment of log-on.

December 8, 2014

At a meeting last month, top oil exporter Saudi Arabia resisted calls from poorer members of the Organization of the Petroleum Exporting Countries to reduce production
17:27 GMT

Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output.

Most stock markets in the Gulf fell on Monday after oil prices sank to new lows and Dubai's index dropped as investors dumped shares in Emaar Properties
17:07 GMT

While there was no fundamental reason for such a steep drop by Dubai's biggest listed property firm, the most likely explanation was a sell-off by investors.

Emirates Executive is looking to boost demand in key source markets and partner with tour operators selling luxury global tour packages.
16:58 GMT

Emirates Executive has said its passengers constitute corporate executives, large family groups and government delegations.

Similarly, the profits dropped by 56 per cent in Q3 compared to the previous quarter when profits stood at SR143.7 million ($38.2 million), it stated.
15:01 GMT

The construction and building firms listed in Saudi Arabia saw their net profits plunge by 39 per cent to reach SR528 million ($140.6 million).

The resurgence in US hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.
14:33 GMT

With one month to go, 2014 is already the best year for hiring in 15 years.

Soaring energy use and inadequate gas supplies have spurred the UAE to look to nuclear power to diversify its energy sources beyond
13:13 GMT

The UAE is the first Gulf Arab state to start building a nuclear power plant to generate energy.