Main headlines

March 19, 2014

Economists polled by Reuters in January saw 2 percent growth for the year ending June 2014.
03:55 GMT

Ashraf Al-Arabi said Egypt had spent 25 billion Egyptian pounds ($3.59 billion) of 64 billion pounds pledged in stimulus packages, with much of that money coming in aid from the United Arab Emirates.

Analysts say Iran represents the best route for energy transfer in the region as this route is shorter and less costly than Russia, Turkey and China routes.
03:55 GMT

Iran started its oil swap with the Caspian Sea and Central Asian states in 1997.

A string of major project wins in the UAE, strategic expansions into new markets and timely acquisitions enabled construction major Arabtec to record a triple-digit growth rate (149 per cent over 2012) in net income for 2013.
23:27 GMT

If 2013 proved a strong year, indications for this year verge on the spectacular — the company confirmed the year-to-date order book has gone past Dh200 billion, bolstered by the recently awarded $40 billion (Dh146.9 billion) contract in Egypt.

JLL said many of these investors were doing so with the purpose of “wealth preservation” rather than collecting “a trophy portfolio.”
23:10 GMT

Continued political turmoil across the Middle East has caused local investors to almost double their investment in Western real estate.

Qatar’s successful World Cup bid has been extremely controversial from the very start, with the country facing numerous allegations.
23:01 GMT

Football governing body FIFA’s decision to award Qatar the rights to host the 2022 World Cup has come under renewed scrutiny, following allegations that a former FIFA executive received millions from a Qatari company.

March 18, 2014

Flydubai will offer daily service to Moscow starting in September targeting both business and leisure travellers (File Archive)
14:00 GMT

Flydubai is launching daily flights to Moscow starting in September.

At least 40 companies will benefit from the new UK-Dubai Business Centre (Shutterstock)
12:51 GMT

The British government in partnership with the UAE will launch a new center in Duabi that will assist small and medium-sized enterprises (SMEs) in developing their businesses in the Emirates.

The funds aim at supporting the state budget
09:55 GMT

Japan will transfer JD82 million ($118 million) to the Kingdom’s Treasury before the end of this month in the form of a soft loan.

GFCI 15 uses 25,441 financial center assessments completed by 3,246 financial services professionals.
03:55 GMT

Qatar’s rating rose by 15 points, mainly driven by its increasing competitiveness and perceived significance as a financial center.

Dubai Metro is the world’s longest fully automated and driverless urban rail system
03:55 GMT

The metro museums will feature interactive exhibits and state-of-the-art technology such as mobile applications.

The project is scheduled to open in 2015.
02:04 GMT

Situated on the intersection of Hua Cheng Avenue and in the centre of New Pearl City Tian He district in East Guangzhou, the apartment and hotel complex is located in a rapidly growing commercial centre.

March 17, 2014

The prince expressed his pride at the collaboration between Alwaleed bin Talal Foundation, Global and the European Organization for Research and Treatment of Cancer (EORTC).
15:38 GMT

Prince Alwaleed bin Talal, was honored “Grand Officer of the Order of Leopold” by Princess Astrid of Belgium on behalf of King Philippe of Belgium.

The majority of Saudi companies say they will hire in the next three months, but over half of them are only looking to hire Saudi applicants (Shutterstock)
14:00 GMT

Based on recent surveys, nearly 70 percent of Saudi companies claim they will either probably or definitely hire in the upcoming three months.

Last year, Hyundai's Elantra was the company's top selling model in the Middle East (File Archive)
13:00 GMT

Hyundai signed a deal with a Ras Al Khaimah (RAK) government company this week to provide the authoritative body with a fleet of 84 vehicles.

Saudi Arabia's inflation rose from 2.9 to 3.5 percent last year, but authorities are saying that the situation "remains under control" (File Archive)
11:00 GMT

Recent US Federal Reserve purchases will not effect Saudi Arabia's "stable" economy, say authorities.