Main headlines

February 11, 2014

There is a discrepancy between the reliefs implemented by the US and by the EU regarding insurance of crude oil transportation.
22:09 GMT

The overall message is that the US will continue vigorously to enforce its sanctions legislation and stands equally ready to progress towards the further relaxation of sanctions against Iran or to pass more restrictive measures.

In Egypt, The number of people living below the poverty line increased to 26.3% of the population in 2012/2013 compared to 25.2% in 2010/2011.
21:48 GMT

The recently published report stated that the ongoing tensions in the region have affected economic growth, public coffers, unemployment, and inflation rates.

Middle East investors are flocking to Swiss banks due to the country's diverse investment products related to wealth management (Courtesy of the New York Times)
16:54 GMT

More and more Middle Eastern investors are flocking to Switzerland for banking services, citing crucial factors as banking secrecy and diverse investment products as premier Swiss selling points.

Intense cold conditions in Tabuk and Northern Border areas and rains in Baha, Taif and Madinah, which are the main vegetable-producing areas, have triggered the price hike.
15:21 GMT

The price of okra has surged 150 percent in the retail market in the past couple of days with prices of other vegetables also going up considerably.

UAE is awarding $1 million for the winning design of the UAV that will be used to deliver government services (File Archive)
14:04 GMT

The UAE government has announced an international competition with a cash prize of $1 million for designs for the country's unmanned aerial vehicles (UAVs) that will deliver government services in the country.

Egypt's second stimulus released this week will inject $4.87 billion into the economy (File Archive/Shutterstock)
13:38 GMT

Egypt's interim government revealed its second stimulus package on Monday, which will inject $4.87 billion into the country's economy.

Qatar will build five stadiums for the 2022 World Cup (File Archive)
13:11 GMT

Qatar has begun construction on its first of five stadiums that it is building in preparation for its hosting of the 2022 FIFA World Cup.

The government contributes JD57 million annually to all public universities
08:20 GMT

There are no plans to raise tuition fees at the Kingdom’s public universities for BA students.

Workers in the Nile Delta city of Mahalla, with a long tradition of organised action, have led many strikes before and after the 25 January 2011 uprising.
03:55 GMT

Strikes by Mahalla workers against ousted president Mubarak’s regime gained widespread popularity and are believed by many activists and analysts in Egypt to have significantly contributed to setting the stage for the outbreak of the 25 January revolution.

In early March, 12 major experts in oil and energy sector from US, Britain, and Japan will address in a conference on the Iran’s oil.
03:55 GMT

It's time for the US to get right on board.

February 10, 2014

The value of exported handmade carpets across the world reached $1.35 billion last year, out of which the value of Iranian carpets amounted to $427 million.
22:43 GMT

Sanctions against exports of Iranian carpet may be lifted in the second half of 2014, the director of the National Carpet Center director of announced on Sunday.

More than half of the region’s children and youth are failing to learn, with around 56 per cent of primary school children not learning and 48 per cent of children in lower secondary school.
22:35 GMT

The majority of children in the Arab world are failing to learn while at school, a new report says.

At the end of January, official sources announced the UAE would contribute a further $1.8 billion in the form of fuel shipments.
19:59 GMT

Egypt has already received $3 billion in aid from the United Arab Emirates: a $1 billion grant and $2 billion loan in the form of an interest-free central bank deposit.

Bankers working for international banks in the Middle East said they would be surprised if JP Morgan was the only international firm to cut relationships in the region.
19:24 GMT

JP Morgan has cut its correspondent banking relationship with Emirates NBD, Dubai’s largest bank, as part of a global review of its business

“The UAE will try to deliver its government services through drones. This is the first project of its kind in the world,” Gergawi said, according to Reuters news agency.
16:50 GMT

Services would initially include delivery of identity cards, driving licenses and other permits, the news agency reported.