Main headlines

April 23, 2014

In order to incentivise more Jordanian companies to join the programme, Jordan Customs is introducing new mechanisms that include revised and less stringent requirements and more benefits.
03:55 GMT

“This revised form will enable Jordanian trading companies to strengthen their competitive edge in both domestic and international markets,” the statement said.

April 22, 2014

Shopping malls and retail made up over 38 per cent of total revenue at Dhs863 million.
22:44 GMT

Total sales reached Dhs5.917 billion (1.611 billion), 94 per cent higher than the Dhs3.043 billion ($828 million) reached during the same period last year.

The airport was scheduled to open in 2009 but suffered many drawbacks since then
14:19 GMT

As of May 27, all airlines will operate from Qatar's newly built and much anticipated Hamad International Airport.

The Kingdom generates over 15 million tons of solid waste each year, requiring a greater investment in recycling and waste management (File/AFP)
13:15 GMT

Saudi Arabia will host a two-day waste management summit starting on Wednesday to push for a "green era" in the Kingdom.

Spending on electronic goods went up by $1,361 per household (File/AFP)
12:52 GMT

Household spending on electronic items has jumped by over 62 percent, according to a consumer survey.

Careers UAE 2014 will also offer a range of training and education programs (File/AFP)
12:29 GMT

The three-day Careers UAE 2014 fair will secure hundreds of private and public sector jobs with over 160 companies participating in the event.

The brand's communication director Craig Smith said the store opening was "a fantastic opportunity." (Image via Tedbakerblog)
11:11 GMT

One of the biggest British "high street" brands Ted Baker, celebrated opening its first store in Africa on Monday in Cario Festival City Mall.

Meanwhile, in March, Dimian described the energy subsidies system as “high and unreasonable”, adding that it would not continue “in the current form”
03:55 GMT

Mehleb pointed out that the government would not suspend its commodities and services subsidies; instead it is working on “redistributing and offering it to those who deserve help”.

April 21, 2014

International rating agency Standard & Poor’s has raised its outlook for Lebanon-based Bank Audi, BankMed and BLOM Bank to stable from negative, just a week after upgrading the outlook of Lebanon from negative to stable.
22:47 GMT

S&P attributed this revision to the ability of Lebanese banks to finance the public debt thanks to the steady flow of deposits the lenders receive each year.

“At the forefront of these projects came the multi-billion dollar clean fuel project, the new Al Zour refinery, the fifth natural gas plant and the construction of new liquefied natural gas import facilities,”
22:38 GMT

The new multi-billion dollar Al Zour refinery will be one of the largest oil refining plants worldwide.

Saudi Arabia plans to invest $109 billion to produce 41 gigawatts (GW) of solar energy by 2032, which is almost 30 percent of its total energy requirement by that time
20:53 GMT

These initiatives aims to boost the Kingdom’s potential for becoming the largest producer of solar energy in the world

Qatar also came under fire by the international human rights community after reports of migrant workers being ill-treated in the country
20:37 GMT

The Gulf state is embroiled in a number of corruption allegations regarding the event, including being accused of buying the right to host the World Cup.

The country's GDP in 2013 was $202.38 billion, according to government data (File Archive)
12:00 GMT

Qatar is expected to have a GDP of $230 billion by this fiscal year's end.

A total of 2.25 million passengers used Sharjah Airport from January to March 2014 (File Archive/Shutterstock)
10:00 GMT

Sharjah Airport recorded the highest level of passenger traffic on record during the first quarter this year.

Egypt's tourism sector contributes 11 percent to the country's GDP (File Archive)
08:00 GMT

At least 26,000 tourists came to Egypt for the Easter holiday weekend in what was welcomed as a much-needed spike for the country's ailing tourism sector.