Main headlines

February 9, 2014

This marks the first rise in foreign reserves since last August.
03:55 GMT

Egypt’s net international reserves surged at the end of January to record $17.105bn

February 6, 2014

China's military expenditure had increased by some 40 percent since 2010, raising it to an estimated $112 billion.
18:39 GMT

Overall global defence spending probably fell marginally in 2013, it said, but increased dramatically in Asia and the Middle East.

The statistics showed that more than 2 million tourists visited South Sinai and the Red Sea during the first quarter of 2013.
16:57 GMT

The Egyptian Tourism Authority (ETA) has officially released the country’s tourism figures for 2013, and it's really good news.

The action plan includes projections for growing demand on electricity
13:55 GMT

UAE aims to set up a draft plan for developing domestic energy policies and vision up to 2030, said a report, citing the country's energy minister.

Jordan’s oil imports from Iraq represent around 10 per cent of the Kingdom’s daily needs
12:55 GMT

Jordan’s oil imports from Iraq have been halted due to security conditions in Anbar province.

Saudi Arabia hopes it $9.5 billion investment in building the new mining industrial city will increase economic growth to the Kingdom (Courtesy of Arabian Industry)
12:00 GMT

Saudi Arabia just signed $9.5 billion worth of contracts to establish a new industrial city in KSA focusing on mining.

Several global automakers have reportedly been considering proposals to set up plants to manufacture cars in the kingdom
10:03 GMT

China is studying whether its automakers could start manufacturing cars in Saudi Arabia to help meet increasing demand.

Tourism, one of Lebanon's biggest industries, has plummeted over the past three years (File Archive)
08:36 GMT

Lebanon's economy is continuing to plummet, particularly in the construction, retail and services sectors according to data from January this year.

Etihad will now fly to seven global regions with the addition of Africa Sub-Sahara and Indian Ocean (File Archive)
08:18 GMT

Etihad Airways is preparing to open a new sales region-Africa Sub-Sahara and Indian Ocean.

The scheme, launched this week, is open to all ADIB customers and comes at no extra charge.
03:55 GMT

Abu Dhabi Islamic Bank (ADIB) is offering a six-month break on repayment installments on personal and vehicle financing in the event of loss of employment to ease the budren on customers as they transition between jobs.

The Gulf Arab state is spending billions of dollars in areas such as transport, electricity and water generation and housing,
03:55 GMT

Qatar plans to spend as much as $205 billion on infrastructure between 2013 and 2018,

On narrow-body planes, both the Airbus A320neo and the Boeing 737 MAX are being considered, he said.
03:55 GMT

Saudi Arabia’s stock market witnessed five new listings in 2013 with a combined value of SR1.96 billion ($523 million).

February 5, 2014

The businessmen claimed that thousands of small and medium-sized enterprises (SMEs) have still not recovered from the financial downturn caused by the unrest in 2011,
18:41 GMT

A group of angry businessmen in Bahrain calling for an end to a mandatory tax on foreign workers has taken their demands to parliament.

The firm said its “business would run as usual” and directors “do not expect any financial implications on the company due to this development”.
18:08 GMT

Oman’s National Gas Co SAOG confirmed on Wednesday that its chief executive had been detained by the public prosecutor over suspected bribery.

Iran and France have the potential to notably increase their bilateral annual trade to $5 billion and more
17:50 GMT

A delegation of more than 100 French companies arrived in Tehran on Monday in the biggest demonstration of western business interest in Iran for more than a decade