Main headlines

March 30, 2014


“Either this target is not realistic or new quantum leaps will have to be made to reach it,” Arıtak said.
04:26 GMT

Ambitious economic goals, like making Turkey one of the world's 10 largest economies are now less likely than ever before, according to market analysts.

March 28, 2014

It said 12 of these would be transport helicopters and the other 10 would be the frigate version. Qatar will also acquire two Airbus-made refueling tankers.
23:58 GMT

Qatar will buy 22 NH90 military helicopters from a unit of European aerospace group Airbus worth nearly two billion euros ($2.8 billion), the French defense ministry said Thursday.

The store features over 100 smart applications developed by the UAE local and federal agencies to provide services to about 700 customers in a single location.
23:43 GMT

Shaikh Mohammed said: “The aim is to make smart services part of the daily life of the society. The smarter the services are, the happier people become.”

March 27, 2014

The multi-million dollar contract will be a big investment between America and the UAE. (File/AFP)
15:28 GMT

American firms Parsons and Halcrow will begin next phase of construction plan, awarded by Dubai's Roads and Transport Authority.

Dubai hopes to welcome 20 million visitors annually by the year 2020 (Shutterstock)
08:59 GMT

Dubai's Department of Tourism and Commerce announced this week that it is on track to reach one of its key Dubai Vision 2020 objectives: to attract 20 million tourists annually.

According to the statement, the budget deficit rose LL444 billion at the end of last year
07:55 GMT

Lebanon’s budget deficit in 2013 rose slightly to 30.94 percent (or $4.2 billion) of spending compared to 29.47 percent (or $3.9 billion) in 2012.

The announcement came following a meeting between Egyptian Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour and Russian Minister of Industry and Trade Denis Valentinovich Manturov.
03:55 GMT

A Russian industrial zone focused on producing agriculture machinery and equipment will be established in Egypt.

Around 91 per cent of UAE residents strongly believe that the upcoming Expo 2020 in Dubai will push up the cost of living across the country, according to a new survey by Insight Discovery.
23:53 GMT

Out of 1000 residents polled, around 16 per cent of the respondents said they doubted if the event would deliver any benefits once it is over.

March 26, 2014

Centrepoint has enjoyed significant success particularly in Saudi Arabia and Kuwait where the concept has evolved into a popular fashion destination for families
22:34 GMT

With 100 stores in its retail portfolio, Centrepoint has earmarked a further AED1 billion ($270 million) towards the launch of 75 stores in the next five years across existing territories as well as new markets including Iraq, Libya and other African countries

Dubai recorded 1.8 million more passengers than Heathrow in January and February this year (File Archive)
13:00 GMT

Based on passenger records from the first two months of 2014, Dubai International Airport has outpaced Heathrow to top the list of the world's busiest airports.

Saudi Arabia aims to boost textile trade internationally. (Shutterstock)
12:55 GMT

Textile manufacturers from around the globe are gathering for the anticipated Textile Arabia exhibition in the Kingdom.

The UK's Maritime Component Command sits alongside the US Fifth Fleet Naval Headquarters in Bahrain (File Archive/AFP)
11:00 GMT

Britain is investing $97.7 million in Bahrain to expand its military presence in the Gulf country.

Banking has been a pioneer in this area and mobile banking is leading among many expatriates
09:55 GMT

Adoption of mobile banking is gaining traction in the UAE and it is expected to grow further with Dubai’s mobile initiative.

The total value of exports last year touched RO21.7bn, compared with RO20.05bn in 2012
08:55 GMT

The total value of exports from the sultanate increased by 8.2 per cent in 2013 from a year ago, according to recent statistics issued by the National Center for Statistics and Information (NCSI).

Strict air quality regulations were introduced in 2008 to stop quarries from generating pollutants, including dust and toxins,.
03:55 GMT

The bill would hold authorities responsible for regular monitoring of environmental impact of oil and gas exploration and extraction and for suggesting solutions for any threats to the environment