Main headlines

January 9, 2014

The banks informed PGGM that Israeli law forbade them from not providing services in the West Bank settlements.
03:55 GMT

PGGM has withdrawn its investments in five Israeli banks over their activities in West Bank settlements.

The Kingdom’s first high-speed passenger rail line was slated for completion by January 2014. But due it unavoidable circumstances the construction has been delayed.
03:55 GMT

Al-Ferraj said that the line’s station in Madinah is now 52 percent complete.

January 8, 2014

Denny's will operate in nine countries in the Middle East. (Image credit: Wikipedia)
14:33 GMT

DENNY’S has signed a franchise agreement for the development of 30 new Denny’s restaurants in the Middle East over the next 10 years

Israel's Ministry of Energy, Jordan's Ministry of Energy and Noble Energy all declined to comment on the report.
13:38 GMT

Israel will build a 15 kilometer pipeline from the Dead Sea to Jordan in 2015, sources told "Bloomberg."

Journalists began tweeting and posting video showing what happened. Bay was soon Twitter’s second highest trending topic.
12:11 GMT

It should have been the press conference remembered for launching the world’s largest ultra high-definition television, but instead it’s going down as the time Michael Bay panicked and ran off stage at CES.

Prince Alwaleed bin Talal was ranked number one in Arabian Business Magazine’s World’s 500 Most Influential Arab list of 2013 (File Archive)
10:15 GMT

Prince Alwaleed bin Talal, the chairman of Kingdom Holding Company and one of the richest individuals in the world, was ranked number one in Arabian Business Magazine's Most Influential Arabs of 2013

A Syrian refugee in Jordan's Zaatari camp retrieves water. Jordan is one of the most water-scarce countries on earth (File Archive/AFP)
09:42 GMT

The Hashemite Kingdom of Jordan needs $750 million during the next three years to meet its rising demand for water resources.

Bahrain parliament voted to establish the private sector minimum wage Tuesday (Courtesy of Gulf News)
09:18 GMT

Bahrain MPs approved a bill this week that ensures all Bahrainis receive at least a minimum wage of $792 a month in the private sector

The yellow metal is back in fashion among Emirati shoppers. (Image credit: Wikimedia)
09:03 GMT

There's one reason why consumers have pushed up average daily sales volumes to 200 to 225 kilos in the Emirate.

The total sukuk issuances for 2013 were $120 billion. (Image credit: Shutterstock)
07:21 GMT

Qatar, Saudi Arabia and the UAE continue to witness strong growth this year with further sukuk issuances amounting to $1.5 billion.

Saudi Arabia previously held a conference on healthcare solutions earlier this year (File Archive)
06:51 GMT

Saudi Arabia's healthcare IT market is expected to rise by 11 percent annually, representing one of the fastest growing markets in the world.

January 7, 2014

Turkey's central bank, statutorily independent, is trying to prop up the lira by selling dollars from its reserves.
17:44 GMT

Deputy Prime Minister Ali Babacan sought to play down the impact of the crisis on the once fast-growing emerging economy as only "temporary", although analysts warned that investors had taken fright.

Brown spearheaded a letter signed by more than one-third of Democratic senators urging President Obama to nominate Yellen to lead the Federal Reserve System.
17:23 GMT

Janet Yellen has been the vice chair of the Fed’s Board of Governors since 2010 and will take over from Ben Bernanke when his second four-year term as Chairman of the Federal Reserve ends on 31 January 2014.

Zain, which posted a net profit of $186 million and revenues of $1.1 billion in the third quarter of 2013, will focus on adding new services in the near future.
13:24 GMT

Gegenheimer, who took on the role of group CEO in December 2012, said that 2013 was a year of transformation and resilience for the company.

Saudi Arabia has already deported 60,000 migrant workers as part of its Saudization movement (Courtesy of Zawya)
10:48 GMT

Saudi Arabia announced a new welfare program for its citizens this week for "deserving" citizen applicants able to receive unemployment insurance and housing loans.