July 8, 2014
The shekel has weakened against the dollar this morning, as the security situation in the south of Israel escalated overnight.
According to the Egyptian Ministry of Tourism, travel advisories issued for the Sinai Peninsula led tourism revenues to decrease in the first quarter of 2014 to $1.3bn.
Samsung Electronics’ earnings fell by almost a quarter in the three months to June, after the South Korean group was caught out by unexpectedly low demand for its smartphones in China and Europe.
Foreign reserves are now the lowest since the ouster of former president Mohamed Morsi in July 2013.
His Majesty King Abdullah’s visit to Mexico has laid down the basis of improved economic relations between the two countries.
July 7, 2014
Royal Dutch Shell is ending investments in a gas development project in Saudi Arabia, complicating the top oil exporter’s efforts to exploit its huge gas reserves.
"We have asked them to submit their bids for this project. We intend to sign the contract with the winning bidders in early October," he said.
Once users are on the Google Flight Search tool, they are able to quickly and easily conduct searches for different flight routings
In the first quarter, growth in all three sectors that relied on cheap foreign labor — construction, retail and transport — slowed markedly from a year ago.
Gulf markets ended their worst quarter in many years, as almost all indices in the region ended the month on a negative note.
Sanaa's finances have deteriorated as it has been caught in a nationwide fight against al Qaeda militants and other rebel groups.
Already home to one of the globe’s biggest indoor shopping complexes, Dubai Mall, the glitzy emirate known for its love of grandiose projects said it is now planning to build the “Mall of the World”.
The resolution replaces old amendments to the Sales Tax Act, which were not implemented and were postponed after facing broad popular opposition.
The US has overtaken Russia and Saudi Arabia to become the largest producer of crude and natural gas liquids (NGLs) in the past six months.
Spending by GCC visitors has been quite robust since the start of the mega-football tournament.