Main headlines

April 16, 2014

On average the emirate recorded 7 percent quarter-on-quarter growth for apartment rentals, and a strong year-on-year figure of 38 percent
03:55 GMT

“Budget-conscious Dubai residents are now relocating to Sharjah in a flight to affordability,” said John Stevens, managing director, Asteco.

Renewed exports will restore much-needed revenue stream for Libya's weak central government following the 2011 overthrow of Moamer Kadhafi.
03:04 GMT

Libya prepared to resume oil exports Tuesday following a break of more than eight months, after autonomy-seeking rebels agreed to lift their blockade of ports in the country's east.

April 15, 2014

High demand: Halal food imports alone are set to increase to $53.1 billion by 2020 (File/AFP)
13:00 GMT

Food, lifestyle and products manufactured under Islamic law are expected to be worth $2.48 trillion in the next four years due to increasing demand and a growing Muslim population.

One hundred charging stations will be installed initially across Dubai in 2014 (File/AFP)
11:28 GMT

Charging stations for electric cars will soon pop up all over Dubai to enhance grid efficiency.

Big move: Oman government and BP in a joint collaboration (FIle/AFP)
11:14 GMT

Oman's government and BP signed a contract to develop the Khazzan gas field of Block 61 and will be completed by 2017.

The Samsung Galaxy Note PRO will be available for $923 across retail stores (File/AFP)
10:39 GMT

The Samsung Galaxy Note has debuted in Bahrain with a whole new selection of functions.

Saudi's Ministry of Health said the new hospitals will increase patient beds to 68,000 (File/AFP)
10:27 GMT

A top government official has announced the Kingdom's plans to build 63 new hospitals across the country, boosting service and quality medical care.

Oil prices received an additional boost following delays in resuming oil exports from Libya.
03:55 GMT

Crude oil futures rose to the highest level in five weeks on Monday as heightened tensions over unrest in eastern Ukraine fuelled concerns over potential supply disruptions.

Per-capita foreign debt rose significantly from $1,963 in 2002, when the ruling Justice and Development Party (AK Party) came to power, to $5,105 last year
03:55 GMT

Turkey's foreign debt increased $49.9 billion in 2013, breaking national records as the highest single-year increase in foreign debt in the history of the Turkish Republic.

In September 2013, the World Bank removed Iran from its list of deadbeat borrowers, saying the Islamic Republic had paid outstanding loan amounts.
03:55 GMT

The Bank has not lent any new money to Iran since 2005.

April 14, 2014

Egyptian construction tycoon Nassef Sawiris, the youngest among the Sawiris siblings, was the first Egyptian and the fourth on the list with a total worth of $6.7bn.
19:04 GMT

The first spot went to the Kingdom of Saudi Arabia, which had 39 names on the list, while third went to the United Arab Emirates, which had 14.

Kuwait's refining capacity will reach over 1.4 million bpd from the current level of 930,000 bpd, when the projects are completed.
18:45 GMT

The contracts mark the first mega project in the OPEC member's vital oil sector for 25 years.

Ben Gurion Airport expects 1.2 million passengers over the holiday, up 25% from 2013.
17:46 GMT

Despite tense relations, Turkey is the top destination for Israelis this Passover, with 6,300 people planning to spend the holiday there

Washington lawmakers have refused to pass the reforms, claiming they would prove too heavy a burden during a time when the US is still running a large budget deficit.
17:29 GMT

The US is responsible for delaying long-awaited IMF reforms, Saudi Finance Minister Ibrahim Al-Assaf told Asharq Al-Awsat on the sidelines of the Spring Meetings of the IMF and World Bank in Washington, DC on Saturday.

Iran will build six oil refineries in Indonesia's Benten and West Java regions (File Archive)
11:00 GMT

Iran has agreed with Indonesia's leadership to construct six oil refineries in the Asia Pacific country.