Main headlines

January 12, 2014

Bahaa El Din said the government would hold a conference in March or April to discuss the financial needs of the country and to issue long-term infrastructure projects.
03:55 GMT

On 27 October, the government signed an agreement with UAE to finance development projects valued at $2.8bn as a part of the second package

January 9, 2014

Waldorf Astoria is opening up a new location in Palm Islands Jumeirah. (Image credit: Arhcitecture International program)
12:45 GMT

WALDORF Astoria Hotels & Resorts, Hilton Worldwide’s luxury brand, announced Wednesday the opening of Waldorf Astoria Dubai Palm Jumeirah

Just Falafel plans to open 160 restaurants in North America over the next five years (Courtesy of CBS)
11:03 GMT

UAE-based restaurant chain Just Falafel will expand to US and Canada starting in 2014, and expects to open at least 160 new restaurants in North America over the next five years.

Sharjah has received its first sovereign credit ratings. (Image credit:
10:20 GMT

Sharjah, in its first sovereign credit ratings, has been assigned A-class economy with stable outlook by two leading agencies that will help strengthen the emirate’s investment profile.

Many South Asian Muslims apply for visas to come to KSA for the Prophet's (pbuh) Birthday (File Archive)
09:21 GMT

Saudi Arabia has raised airfares from India to Jeddah 150% ahead of Prophet Mohammad's (peace be upon him) birthday.

The new regulations will go into effect this one. (Image credit: Shutterstock)
07:26 GMT

The Central Bank of Egypt has eased restrictions on foreign currency transfers abroad, allowing individuals to make a one-time transfer of up to $100,000 this calendar year.

The sultanate’s government recently released a 2014 budget with state planning to spend OMR13.5 billion, up five per cent from the original plan, which envisaged a 29 per cent hike from 2012 expenditure.
03:55 GMT

Oman’s average monthly household income rose 83.9 per cent in the period between 2001 and 2011 from OMR637.53 ($1,654) to OMR1,172.258 ($3,044)

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PGGM has withdrawn its investments in five Israeli banks over their activities in West Bank settlements.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