Main headlines

February 26, 2014

The target for that particular region (Middle East & Asia Pacific) numbers well into the 25 plus units across the range
08:28 GMT

Executive business jet buyers in the Middle East will continue to hold significant purchasing power in 2014 as traditional markets in Europe and North America look to bounce back.

Sudan is also subject to comprehensive economic sanctions since 1997 over terrorism charges as well as human right abuses.
03:55 GMT

Sudan's ministry of foreign affairs has disclosed that Sudanese financial assets amounting to $48.2 million are frozen in the United States under decade-long sanctions imposed by Washington on Khartoum.

The  Bank of Israel fears that the slowdown will worsen in the coming months, and it prefers to act now.
03:55 GMT

The Bank of Israel cut the rate because of what may happen in the coming months.

February 25, 2014

Maldives is becoming an attractive investment spot for many Middle East based companies due to its friendly business policies (Courtesy of Trip Advisor)
17:47 GMT

A Saudi Arabia based firm is investing $100 million in Maldives' tourist industry, according to reports Tuesday.

Gaza's Islamic University carried out preliminary tests that suggest there is a natural gas field near the coast of the Gaza Strip (Shutterstock)
16:51 GMT

Gaza may be home to natural gas deposits, according to a Hamas MP this week.

More than 500 Subways are now open in the Middle East region (Courtesy of Geographically Yours)
16:00 GMT

Subway now has 500 locations in the Middle East and Africa region opened for business.

Bilateral trade between Iran and China amounted to $36 billion in 2012.
15:00 GMT

Establishing an industrial park in Iran and creating a joint shipping line are also part of the roadmap, ISNA quoted Behrouz Alishiri as saying.

Dubai is aiming to establish itself as one of the most sustainable cities in the world by 2020 (Shutterstock)
14:38 GMT

Dubai is stepping up its green campaign with new developments underway to build more eco-friendly communities in the UAE.

Pakistani companies should open retail shops in the country to capture more market share
10:17 GMT

Pakistan’s food exports to the UAE have huge potential to jump three-fold to $1.2 billion compared to $400 million in 2013.

Moroccan trade has been traditional dominated with countries in Europe, despite the economic crisis that has continued to unfold over the last six years
09:59 GMT

Morocco is diversifying its export market in a bid to develop trade with Gulf Arab countries and also reduce its reliance on Europe.

Turkey will also import at least 5 million tons (100,000 barrels per day) of Iranian crude in 2014, the same amount that it purchased last year,
03:55 GMT

Commenting on Turkey’s complaint to the International Court of Arbitration about the price of the gas Iran supplies to Turkey, Araqi said Iran will not accept any request from Turkey to lower the price

He added that sales in the region are growing by 15 per cent year on year.xx
03:55 GMT

“By 2020, we want to reach $6 billion (Dh22 billion),” said Yves Manghardt, chairman and chief executive officer of Nestle Middle East.

An Egyptian cabinet source told Reuters on Monday that a draft investment law contains provisions to prevent third parties from challenging contracts made between the government and an investor.
01:05 GMT

Egypt’s army-backed government is trying to attract foreign money back into the country and create jobs to ease social discontent as it manages the biggest Arab nation’s difficult transition to elections this year.

Five years ago we had no users, no product,” said Koum.
00:38 GMT

“Mark really understands that for WhatsApp to stay successful it really needs to stay independent,” he said.

February 24, 2014

“Our target is to attract seven million visitors to Qatar from all over the world by 2030,” said Al Ibrahim.
14:26 GMT

“The end result of the National Tourism Sector Strategy 2030 will be a thriving tourism sector that will be ready to handle the demands of the 2022 FIFA World Cup and far beyond."