Main headlines

April 18, 2014

Though Samsung did not offer any sales target for the S5, the company sold more than 10m S4s in the first month of the phone’s launch.
11:14 GMT

The world’s biggest smartphone maker has slashed prices of the S5, which rolled out globally on Friday, and offered a gift pack worth $600,.

The 36-story, 382,500 square-foot (35,535 square-meter) building is located on the Fifth Avenue in New York.
08:32 GMT

The US government says it is going to sell an Iranian skyscraper in New York City in favor of anti-Tehran plaintiffs.

April 17, 2014

Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar, as well as Oman and Turkmenistan.
22:53 GMT

Iran shares oil and gas fields with most of its neighbors, including Iraq, Kuwait, Qatar, as well as Oman and Turkmenistan.

Ensour stressed that the Kingdom is in need of support from all Arab states to be able to continue its pan-Arab nationalist role.
22:37 GMT

Prime Minister Abdullah Ensour said this week that Jordan's economy is recovering and moving steadily forward despite the global financial crisis and the Syrian infighting.

“We understand the need for this upgrading work to be done, and we support it wholeheartedly," added Clark.
22:21 GMT

Emirates Airline said on Thursday that runway upgrades at Dubai International would cut its revenues by Dh1 billion ($272 million) this year as it has to reduce flights to 41 destinations worldwide.

Hotel guests can now be charged a minor fee as of March 31, 2014 (Karim Shaib/AFP)
16:34 GMT

Positive reaction: Dubai's recently imposed fee on hotel guests had no negative feedback according to the head of the city's tourism authority.

Around 34 percent of households said they continuously upgraded their mobile phones (File/AFP)
16:09 GMT

Families in Abu Dhabi households reportedly spend an average of $1,498 on landlines and mobile phones while $1,004 is spent on education.

Dubai welcomed 11 million hotel guests in 2013 (File/AFP)
15:09 GMT

According to a STR Global Construction Pipeline Report, 573 hotels are expected to open across the Middle East and Africa.

Saudi Weddings 2014, is the perfect one-stop wedding festival for future weds to see, touch, hear, compare wedding jewelry, dresses, cosmetics and fragrances according to the latest trends.
03:55 GMT

The exhibition considered the biggest family gathering in the field of weddings and fashion as it involves more than 80 companies around the world

Dimian noted that the annual meeting between Egypt and the IMF will be scheduled after the presidential elections, slated to take place in May.
03:55 GMT

The interim government is currently preparing a new economic stimulus package that will focus on the industrial, housing and construction, communication and tourism sectors.

April 16, 2014

 The kingdom's banking sector remains very resilient and requirements to enhance the liquidity and reserves under Basel III will further bolster it, Rasheed Al Maraj was quoted as saying.
21:07 GMT

Bahraini banks will be fully ready to implement the Basel III international banking standards on new capital requirements by next year, the governor of the Central Bank of Bahrain (CBB) said

The growth rate is more than double a recent estimate from the International Air Transport Association, or Iata, that passenger demand will increase 5.8 per cent this year on a global basis
17:34 GMT

The national airline of the UAE racked up $1.4 billion in revenues as it transported 3.2 million passengers, higher by over 14 per cent year-on-year

Economic situation improving: Confidence grows as lifestyle and family life gets better in Abu Dhabi (File/AFP)
13:23 GMT

Consumer Confidence grew by 10 percent in 2013 according to the Abu Dhabi Department of Economic Development.

The rise in green building will see an increase in demand for materials in Qatar (File/AFP)
12:55 GMT

The Qatari government has pledged an estimated $182 billion into infrastructure, focussing on eco-friendly green building over next five years.

In 2012, over 485 Pakistanis were deported from Oman for illegally entering the country (File/AFP)
11:27 GMT

The six-month ban on expat workers, which was due to expire as been extended according to a source at the Ministry of Manpower.