Main headlines

December 22, 2013

The sheer volume of consumer loans is a real cause for concern because it indicates the absence of logic on the part of borrowers.
03:55 GMT

The volume of consumer loans has increased and so has the sufferings of citizens who have taken out such loans.

There can be no increase if the existing rent is only 10 per cent lower than the average that a similar property commands within a neighbourhood.
00:03 GMT

A well-defined set of parameters will have to be followed by Dubai’s landlords on rental increases in their lease renewals, according to a new decree.

December 20, 2013

“We should not favour Emiratis over qualified foreign journalists,” said Sheikh Sultan bin Ahmed Al Qassimi, chairman of Sharjah Media Corporation.
09:29 GMT

Currently emiratisation in the UAE’s media industry stands at just a little over 25 per cent.

.Qatar last month said foreign allegations of abuse of migrant workers working on World Cup facilities were “exaggerated” but insisted it took such claims seriously.
09:03 GMT

Qatar last month said foreign allegations of abuse of migrant workers working on World Cup facilities were “exaggerated” but insisted it took such claims seriously.

December 19, 2013

Fitch ranked Saudi Arabia, UAE and Kuwait as the most stable banking environments in the GCC (Courtesy of The Telegraph)
12:05 GMT

Fitch has rated almost all banks in the Gulf Cooperation Council region as stable, ensuring a bright financial outlook for 2014.

Kuwait's crude oil sales could generate a budget surplus for the Gulf country estimated at $42.4 billion (File Archive/Shutterstock)
10:57 GMT

Need an extra $42.4 billion? For Kuwait, current oil price projections will ensure the Gulf state's budget receives just that.

Many individuals have reported purchasing zero balance calling cards within the past few weeks (Courtesy of Dubai Chronicle)
10:45 GMT

Etisalat has recently come under customer scrutiny due to several reports from individuals that their pre-paid calling cards were empty upon purchase.

Turkey held the first ever Syrian Economic Forum this week in Gaziantep (Courtesy of Al Arabiya)
10:31 GMT

Turkey held the first ever Syrian Economic Forum this week to discuss strategies to rebuild the deteriorating Syrian economic situation.

4D movies add further depth to the movie experience. (Image credit: Shutterstock)
08:20 GMT

Soon UAE theaters will shake with the thundering of hoofs and be rendered fragrant with the flowers of meadows.

Working hours in Saudi Arabia have been reduced from 45 hours/week to 40 hours/week. (Image credit: Shutterstock)
06:26 GMT

Saudi Minister of Labor Adel Fakieh said that 40-hour work and a two-day off in a week for private sector employees will come into force within three months.

Al-Bahar particularly emphasized on Dabdoub’s role in leading NBK in two major crises that faced the bank during his career; the stock market crash in 1982 and the Iraqi occupation in 1990. NBK
03:55 GMT

Dabdoub’s career at NBK extends for over 53 years during which he has successfully led the bank to become one of the leading financial institutions in the Middle East with operations in 16 countries

Rising Saudi energy demand is a bigger threat to Saudi Arabia than surging US shale output, Jadwa Investment bank says in a study published on Wednesday.
03:55 GMT

Jadwa said: “In all thus, we doubt that tight oil production will significantly impact the world’s oil industry over the long term. In particular, we do not see it affecting Saudi Arabia’s situation.”

December 18, 2013

"A swift implementation of the voluntary measures by all sides is now key," the EU ministers' statement said.
17:15 GMT

An EU official said the suspension would take place "as soon as possible" .

The UJ president told The Jordan Times that the bank account number for donations will be announced on Wednesday.
12:07 GMT

Infrastructure, electricity cables and sewage networks were damaged during the blizzard, as well as ancient trees in the university forest, according to Tarawneh.

The article received a severe backlash from readers and senior Pakistani officials in the UAE, who ridiculed the article and demanded an apology.
11:56 GMT

Pakistan’s foreign Affairs Ministry has slammed a recent editorial by Dubai newspaperGulf News, which accused the country of “betraying” the UAE by not supporting Dubai during the Expo 2020 vote on November 27.