Main headlines

April 8, 2014

Tehran and Moscow are due to finalize an agreement on broader economic and trade cooperation
11:55 GMT

Iran and Russia emphasized finalizing energy agreements between the two sides.

Amman and Beijing agreed to expedite the implementation of development schemes China has agreed to fund through grants
09:55 GMT

China has extended more than $162 million to Jordan in the form of loans and grants between 1999 and 2013.

Apartment rentals recorded a 26 per cent annual gain, while those for villas were slightly muted at 12 per cent
07:55 GMT

The upward pressure on Dubai’s residential rents continues to mount even as new homes are getting delivered in higher numbers, in the first three months of this year, rentals were up by 7 per cent over the fourth quarter of 2013.

The store is the 424th Apple store to open worldwide. Its 100 employees underwent a year of training prior to the opening
03:55 GMT

Fun tidbit: It was built using more glass than any other Apple store

The deal could help bolster the authority of the weak central Libyan government in the face of the country’s powerful militias, most of which have drawn their members from the former rebels who fought against Qaddafi.
03:55 GMT

Two other oil terminals, Ras Lanuf and Sidra, would be returned to government control in two to four weeks.

April 7, 2014

Egypt’s foreign reserves rose to $17.414bn in March from $17.307bn in February, the Central Bank said on Monday.
20:01 GMT

Egypt aids are lifted by billions and billions of Gulf aid.

Oil minister expressed hope that oil production would return to its level in 2005, that is, 4.2 million barrels per day.
19:50 GMT

Iran’s oil minister has said Iran would exploit ‘every possibility’ to increase oil exports and would not wait for US permission.

The cost of a fingerprinting system and camera exceeds SR20,000 (5000 USD).
19:42 GMT

The Education Ministry has issued strict directives to education departments to draft a plan to counter absenteeism among students, especially around holiday and examination periods.

Ghassan Oweidat, the first investigative judge of Beirut, ordered the arrest of Abu Hamzeh, the former head of the board of trustees of Safa and one-time Jumblatt aide, after questioning him.
19:10 GMT

The sources said Abu Hamzeh, husband of famed TV presenter Mona Abu Hamzeh, could remain in custody up to two months before his lawyers can get an order for his release on bail.

The new liquefied petroleum gas plant is designed based on state-of-the-art technology and strict health, safety and environment principles
10:55 GMT

Oman Gas Company (OGC) on Sunday signed a memorandum of understanding (MoU) with both Salalah Free Zone (SFZ) and Port of Salalah (POS) for building a world class liquefied petroleum gas (LPG) processing plant at SFZ and the storages and export facilities at the port.

It seems that all the major players in this regional aviation industry are hoping to ride the current wave of success
10:55 GMT

The aviation industry in the Middle East has experienced a commendable level of growth in recent years, with low cost carrier traffic doubling in the last five years, but local companies are still looking to build upon this success.

Dubai is expected to be ranked second after London in terms of gold trade
06:54 GMT

The value of gold traded through Dubai stood at $75 billion last year, representing 40 per cent of the world’s physical gold trade.

Heikal made his comment while discussing a government scheme to use coal in cement factories in order to reduce subsidies, despite criticism from campaigners and the environment ministry
03:55 GMT

Sawiris then retweeted a post saying: "Like father like son… He pretends to be a socialist after the first 50 million," a clear reference to Heikal, who is widely believed to be living in London.

He added that the ministry would make also smartcards available for the citizens, which would allow them to save points to be used in exchange for other commodities, such as milk, yoghurt, lentils and beans
03:44 GMT

Ministry of Supply provides smart ration cards to citizens to meet their needs of bread and other commodities

April 6, 2014

Gold worth a total of $75 billion was moved through Dubai in 2013.
17:09 GMT

Dubai become the biggest transit city for gold in the world last year.