Main headlines

January 30, 2014

Iraq is poised to triple its crude oil output from three million barrels per day to nine million by 2020.
20:03 GMT

The combined oil reserves of Iraq and Iran are greater than that of Saudi Arabia - the world’s second largest producer of crude after Russia.

The ban on investing in the firms revived a three-year prohibition on them that the Government Pension Fund of Norway had dropped in August last year.
19:43 GMT

Norway’s huge sovereign wealth fund blacklisted two Israeli companies involved in construction of colonies in occupied East Jerusalem.

Arabian Oud opened its first showroom in Europe in 2010 (Courtesy of Trade Arabia)
12:01 GMT

Arabian Oud company is spreading Middle Eastern sweet scents to international audiences with its latest bid to strengthen its UK presence.

Egypt's Central Bank will receive $4 billion in total from KSA by September (Courtesy of Al Arabiya)
10:50 GMT

Saudi Arabia gave Egypt's central bank $2 billion in aid, and plans to give Cairo $2 billion more by September this year.

India and Bahrain have a trading relationship that stretches back thousands of years
09:55 GMT

Key ministerial level talks on Bahrain-India bilateral trade concluded yesterday during a visit by a Bahraini delegation to Bengaluru, the capital of the southern Indian state of Karnataka.

Based on the education sector’s historical growth over the last 10 years, 110 new schools are expected to enter the market in the next seven years
08:55 GMT

The growing demand for education in Dubai will increase the number of schools by 70 per cent in less than a decade.

Despite the crackdown, some street vendors return after GAM inspectors leave, according to Ebbini, who said GAM teams do what they can to cover all parts of the capital.
03:55 GMT

There are no “licensed street vendors”, according to Ahmad Ebbini, the director of GAM’s department to regulate street vendors.

January 29, 2014

During the last 10 days, Egyptians have reported regular electricity cuts, the second wave of its kind this winter.
22:42 GMT

Power cuts have become frequent in Egypt even in winter when consumption is considerably lower than in the summer.

All but one of the 142 passengers, who included dozens of French nationals, and 11 crew members, died in the disaster in the Indian Ocean as the craft tried to land in the Comoros capital Moroni.
21:46 GMT

The Yemen carrier was charged on November 15 in connection with the crash of an Airbus A310.

The Nitaqat system, a scheme that penalises companies based on the percentage of its expatriate employees
21:12 GMT

“Companies manipulate the system to give the impression that they have helped Saudis get employed,” Saeed Al-Asheikh, a member of council was quoted as saying in Arab News.

Gül is currently in Italy for a three-day official visit with a large delegation.
16:00 GMT

Turkish economy continues to develop while the Europe faces many economic hardships,” added the president.

The Dubai Expo 2020 event will require AED39.23  billion ($10 billion) of investment to develop all of the required facilities and host the event
15:43 GMT

"Significant amount" of the funding will come from the government, but there was also an opportunity for the private sector to invest during the build up to Expo 2020 and during the event itself.

Erdoğan and Jahangir later held a joint press conference and attended the signing ceremony.
13:48 GMT

Ahead of a news conference, Turkey and Iran signed a number of agreements on establishing a joint trade committee as well as a preferential trade agreement betweeen the two countries.

As UAE's overall economy grows, the rise in professional job opportunities has been rising steadily over the past year (Shutterstock)
09:45 GMT

Professional job opportunities in the UAE have increased by 12 percent, according to recent data.

The trade deficit in 2013 reached $17.292 billion, compared to a deficit of $16.797 billion in 2012
08:42 GMT

Lebanon’s trade deficit widened by 2.525 percent in 2013 compared to 2012 as exports fell by more than $480 million.