Most Popular

Today

Both Kuwait and Bahrain are expected to witness a major surge in the value of infrastructure projects this year, according to the report
05:55 GMT
The value of new infrastructure projects across the Gulf Cooperation Council (GCC) region is poised to hit $86 billion in 2014, up 77.8 per cent compared to last year, said a report.
The ability to turn distance and location into a competitive advantage by hosting applications and data in optimal locations, while ensuring flawless application performance and the best user experience.
04:55 GMT
The Mena region’s appetite for applications and services being delivered to devices irrespective of geographic location is evident from the region's growing interest in cloud computing
 A positive response from bank customers to use their Emirates ID cards as ATM cards proves the UAE’s residents’ keenness to adopt latest technologies without any apprehension.
04:55 GMT
Since the bank introduced this service on September 7, more than 8,000 customers have registered their ID cards with the bank to use them as ATM cards.

September 22, 2014

According to the survey, 15 percent of the Turkish population lived under the poverty line in 2013, while 13 percent was considered “continuously poor.”
20:06 GMT
Of the total population, 78.5 percent reported not being able to take a one-week vacation away from home due to financial constraints.
The project, which will come up on 1800-hectare area, includes waterfront villas and chalets in addition to diverse leisure and entertainment services.
19:39 GMT
A leading Egypt-based investment group has signed a deal to acquire a five-star hotel in the Business Bay area facing Burj Khalifa in Dubai, UAE.
Cancellation of the tournament will have an impact on the country's economy, particularly the construction sector,
18:45 GMT
The 2022 World Cup will not be held in Qatar because of the scorching temperatures in the Middle East country, Fifa executive committee member Theo Zwanziger said on Monday.
Introducing yourself can affect how well you make friends, fit in at work or even get a job. It affects future opportunities and networking possibilities, support and a sense of belonging.
18:20 GMT
Whether you’re walking into a social gathering or a job interview, there are some universal things to keep in mind when introducing yourself.
The UAE, which is new to the industry in comparison to countries with older, developed health systems, requires a more focused approach to promote its available services.
05:44 GMT
One of the main challenges in the region is to reverse the outbound medical tourism trend, and provide specialised services in line with the required capacity and the prevalence of lifestyle diseases
The move has been a long time coming. Saudi authorities have slowly unrolled a plan to liberalise the market spanning a decade, and pursued a long- term reform agenda.
04:55 GMT
reign investors are salivating at the prospect of investing in Saudi Arabia’s well developed but frontier market with a string of world-class companies that have remained largely out of the portfolio of global fund managers.
The Current TV sale was initially resisted by distributors including Time Warner Cable and AT&T, which argued that they had contracted with Current TV and not Al Jazeera.
04:55 GMT
In a countersuit filed in the Delaware Court of Chancery on Thursday, Al Jazeera is seeking to keep the money that Gore and his former partner Joel Hyatt had sought in a lawsuit filed in August.
is there and you will hear about it soon,” Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai’s Supreme Fiscal Committee said.
04:55 GMT
One of Dubai’s top government officials said on Sunday that he expects state-owned conglomerate Dubai World to reach a deal on renegotiating its debt repayment schedule in the near future

September 21, 2014

The 13th edition of Cityscape Global is all set to welcome more than 35,000 participants from across the world and exhibitor numbers have also jumped to more than 280 for the first time in five years.
20:17 GMT
The Middle East’s largest and most influential property show is also co-located with three dedicated and expert-led conferences.
Sheriff Rizwan, CEO and founder of ALSHOP.com, the first online retailer to sell the devices on Friday, said that it is a blockbuster sale so far.
15:31 GMT
“We got around 200 pieces on Friday afternoon and it was sold out within 20 minutes. Around 40 pre-booked customers flew in from Saudi Arabia, Qatar, Oman, Jordan and Kuwait to collect their devices,” he said.
Micronutrient fortification in fertilizers will be an opportunity for innovation, trade ties and economic stability.
15:15 GMT
Fertilizers that can combat nutrition deficiencies will be a major opportunity for GCC producers.
And Gold’s Gym’s members aren’t the only ones upping their activity; Seebran expects to lift the company’s total number of clubs to 22 by the end of the year following a series of openings.
13:41 GMT
In a country where most residential towers have their own gym facilities, Gold’s Gym is looking to lure members with the promise of a larger range of equipment, more floor space and a better atmosphere.
The Mongol Tower and WOO City developments will be highlighted at Cityscape Global as part of Nikken Sekkei’s extensive showcase of global design projects.
05:55 GMT
The Mongol Tower and WOO City developments will be highlighted at Cityscape Global as part of Nikken Sekkei’s extensive showcase of global design projects
Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm to cover seven exploration areas.
04:55 GMT
Exploration companies have been hesitant to develop untapped gas finds in Egyptian waters partly because the amount the government pays them barely covers their investment costs.
Analysts have already pointed fingers at the dollar for the decline in prices of commodities like precious metals, corn and oil in recent weeks.
04:55 GMT
That marks the dollar’s longest rally since the index was created in 1973 - and could pose significant headwinds to dollar-sensitive sectors of the market.
Qatar Petroleum (QP) and Qatar Petrochemical Company (QAPCO) signed an agreement in February 2012 to jointly develop the Al Sajeel mega-petrochemical complex in Ras Laffan
04:55 GMT
The Al Sejeel petrochemical project, one of the world’s largest mixed-feed steam crackers, was scheduled for completion in 2018 as part of Qatar’s large-scale expansion of the petrochemicals sector.
Cost-cutting and organisational changes should marginally improve Prada's gross margin by the end of the year, Galli said.
03:00 GMT
The maker of luxury leatherware and Miu Miu-brand dresses said it was hit by sluggish consumer demand amid an uncertain economic outlook and unfavourable exchange rates.

September 19, 2014


Brent November crude slipped 8 cents to settle at $98.97 a barrel, recovering from an intraday low of $98.51 on Wednesday in London.Brent November crude slipped 8 cents to settle at $98.97 a barrel, recovering from an intraday low of $98.51 on Wednesday in London.
03:06 GMT
Prince Abdulaziz Bin Salman Bin Abdulaziz, Assistant Minister of Petroleum and Mineral Resources for Petroleum Affairs, dismissed arguments that lower oil prices will cause the collapse of GCC economies.

Qatari capital Doha bid for the 2016 and 2020 Olympics but never made the shortlist, while Dubai was reportedly on the verge of a bid for 2016,
02:10 GMT
While major events were once the domain of Europe and North America, Asia is now viewed as a 'safe pair of hands' when it comes to hosting the world's biggest sporting competitions.

September 18, 2014

HealthKit gathers data such as blood pressure and weight from various health apps on Apple devices, and can be viewed by doctors at one place.
14:04 GMT
Meanwhile, the California tech giant said a bug in its HealthKit health and fitness application platform prevented its release along with the launch of its iOS 8 operating system for iPhones and iPads.
Middle East investors bought 87 per cent of the Goldman sukuk, while 11 per cent went to Europe and two per cent to Asian investors, a document from lead arrangers showed.
13:57 GMT
It was only the second sukuk issue from a conventional bank outside a predominantly Muslim country; HSBC issued $500 million of sukuk in 2011.
Newswire reports suggest that Goldman Sachs’ issue of a five-year $500 million Sukuk was some 3x oversubscribed with orders of around $1.5 billion.
13:44 GMT
The US investment bank appears to have learned from the fiasco of its first attempt to market a Sukuk in 2011.
Buying a home is a dream for many, however the financial commitment can be daunting (Shutterstock).
04:55 GMT
That “dream” home can quickly turn into a nightmare if you’re constantly struggling to make payments on it.
Qatar has issued a new law to regulate charities in the Gulf state amid growing concern in the West over funding received by Islamic State militants.
04:55 GMT
Qatar has faced growing criticism, as the tiny Gulf state has used its hydrocarbon wealth to back a wide range of Islamists across the region.
The banking industry may be in worse shape than many think. On Tuesday Twitter user @fuatavni revealed the names of eight banks that he maintains are in financial difficulties.
04:55 GMT
“You can't run a mill with a bucket of water,” Erdoğan said.
Etihad has forged 47 codeshare partnerships with different airlines globally, 21 in Europe alone.
04:55 GMT
European airlines have finally opened up to Gulf carriers, forging partnerships and selling stakes, after decades of distrust and allegations of unfair competition.
But Egypt wants long-term investments to improve the country's economy, which has been suffering ever since an uprising toppled President Hosni Mubarak in 2011.
01:23 GMT
Egypt's finance minister is predicting growth rates of up to 6 percent within three years, which would mark a major turnaround following three years of political turmoil that has crippled the economy.

September 17, 2014


The Middle East experienced a decline in its billionaire population over the past year.
17:14 GMT
The Middle East experienced a decline in its billionaire population over the past year.
Meanwhile Qatar’s emir also asserted that his country does not finance any terrorist organisations in Syria or Iraq and has never done so
17:02 GMT
German Chancellor Angela Merkel said she expected cooperation with Qatar in the energy sector to grow in the years ahead, saying progress was already being made in the area of liquefied natural gas (LNG)
The foundation work for the state-of-the-art school has begun at a cost of BD4.6 million ($12.2 million), it added.
16:22 GMT
The foundation work for the state-of-the-art school has begun at a cost of BD4.6 million ($12.2 million), it added.
Growth, spurred largely by international donor funds, has been decelerating since 2012 and slowed to less than 2 percent in 2013.
16:11 GMT
Its report, issued three weeks after a truce, said a strong world response to rebuilding needs could ultimately spur economic growth.
Asia and Turkey will also remain the most important trade partners of the UAE in terms of imports.
15:55 GMT
The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US.
Although housing prices have continued to surge throughout the year, prices have also soared, particularly in İstanbul and other major urban centers.
14:49 GMT
İstanbul housing prices shot up 21.65 percent in August year-on-year, according to figures from real estate market analyst Reidin.
Helped by a firmer US economy, China’s exports have picked up recently to be a rare source of cheer in an otherwise gloomy data landscape.
05:55 GMT
China’s foreign direct investment in August fell to a low not seen in at least two and a half years, underscoring the challenges to growth facing the world’s second-biggest economy.
 These meetings form part of the mandatory updates required to be provided to the BIE as Dubai prepares for the submission of all requirements to seek formal approval at the next critical registration phase in November 2015.
05:55 GMT
The expansive Dubai Trade Centre-Jebel Ali complex features a centrepiece Dubai Expo 2020 gated facility spread across 150 hectares and a surrounding residential, hospitality and logistics zone.
 This time round, in contrast to previous bouts of weakness in the shekel in recent times, it looks as though the trend is here to stay for a while.
05:55 GMT
"The economy is slowing down sharply," Carmeli warns, "and when you combine this with the fact that Israel is part of the global picture, it's likely that the shekel will continue to weaken."
Almost two-thirds (65 per cent) of wealthy individuals in the UAE identified strong economic security and opportunity as the key factor behind their decision to reside within the country over the next five years
04:55 GMT
Among the UAE HNWIs the report referenced a strong leaning towards religion, ethnicity, extended family and local community leading as being key drivers of their sense of nation.
The Suze Canal
04:55 GMT
The Suez Canal corridor project planned by a consortium led by Dar Al-Handasah will cost $220 billion over fifteen years, said Ashraf Salman, Egypt's investment minister,
The granting of the Unit Three and Four construction licence followed an intensive 18-month review by about 200 FANR and other technical experts.
04:55 GMT
The UAE has approved the construction of two additional nuclear power reactors at the Barakah site in the Western Region of the Abu Dhabi emirate by the Emirates Nuclear Energy Corporation (Enec)

September 16, 2014

An Egyptian misdemeanour appeals court has upheld a previous ruling sentencing construction tycoon Nassef Sawiris to three years of jail time and a LE50 million ($7 million) fine for failing to pay a settlement to Egypt's Tax Authority.
15:52 GMT
The original in-absentia ruling had been appealed in July, but Sawiris, former CEO of construction and fertilizer producer Orascom Construction Industries, failed to attend the appeals court session on Sunday.
Shares in Arabtec jumped 3.7 per cent on Monday following a report that its former chief executive Hasan Ismaik had agreed to sell half of his 27.9 per cent stake in the firm to Abu Dhabi state fund Aabar Investments.
15:45 GMT
Arabtec "does not have the information" on such a deal, it said in a bourse statement.
ICD is also developing the new Atlantic Hotel and Resort in Sanya city in Hainan Province, China, in cooperation with Kerzner.
15:31 GMT
Investment Corp of Dubai (ICD), the UAE emirate's sovereign wealth fund, will be developing a 800-room luxury hotel on Palm Jumeirah at a cost of $1.5 billion in partnership with Kerzner International Holdings.
Technology will play a critical role in the implementation of these projects.
15:25 GMT
This makes the kingdom the Middle East’s largest megaproject market by a wide margin,
The Suez Canal project includes the development of 76,000 sq km around the canal into an international industrial and logistics hub to attract more ships and generate income.
15:12 GMT
Fund-raising has closed and Egyptians will no longer be able to buy the investment certificates now that the initial goal of 60 billion pounds ($8 billion) has been exceeded, the governor said.
The first-day pre-orders for the new iPhones, which feature larger screens, were double the two million orders for iPhone 5 models in 2012.
05:55 GMT
Apple said it received a record four million first-day pre-orders of its new iPhone 6 and iPhone 6 Plus, meaning many customers will have to wait until October for their new phones.
The UAE's non-oil producing private sector companies posted a marked strengthening of business conditions in August, as new orders and output rose at accelerated rate
05:55 GMT
That signaled stronger growth of output across global emerging markets, led mainly by a sharper increase in Chinese service sector activity.
Additionally, members of Hilton HHonors, the guest loyalty programme of Hilton Worldwide’s 11 distinct hotel brands, can earn points or airline miles at participating hotels worldwide
05:55 GMT
The offer is valid across the 60 participating hotels and resorts in the Middle East and Africa when booked before September 30
Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time.
05:55 GMT
Constituents from Qatar and UAE will be included in the S&P Emerging BMI series for the first time.
This year’s conference will see some 200 fund managers from 117 institutions in Europe, the US, the Middle East and Africa obtain first-hand insights during three days of face-to-face meetings with C-suite executives from top listed MENA companies.
05:55 GMT
The debate about the resurgence of the MENA region will take centre stage today at the Emirates Stadium as institutional investors from 27 countries with aggregate assets under management in excess of $8 trillion come togehther.

September 15, 2014

 Female workforce participation stands at an estimate of just 24% in the Middle East, but the region’s women are proving their worth.
22:27 GMT
Forbes Middle East has unveiled its coveted 2014 ranking of The 200 Most Powerful Arab Women.
There is irony in the very title of the spot-on prediction made by Freedom House, which issued a comprehensive report: “The Struggle for Turkey's Internet.
22:10 GMT
Only a week after hosting the ninth Internet Governance Forum (IGF), Ankara struck back at criticism of government Internet policies with full force.
Under the project, the capacity of the Mina al-Ahmadi refinery will drop to 347,000 barrels per day (bpd) from 466,000, while Mina Abdulla refinery’s capacity will rise to 454,000 bpd from 270,000.
21:37 GMT
Part of the country’s KD30 billion ($104.7 billion) economic development plan, the CleanFuels Project will upgrade and expand two of the Gulf Arab state’s largest existing refinerie
Also, the most popular university degrees for people in the UAE, according to another report from HSBC, are business and engineering, which are typically more expensive than non-vocational degrees.
21:24 GMT
International university education in the UAE is highly expensive, with the country ranking sixth globally in terms of overall costs, according to a new report from HSBC.
The much-anticipated Apple Watch was finally unveiled last week, and IDC believes it addresses many of the concerns that had been troubling the segment
20:51 GMT
Apple realises that a one-size-fits-all formula will not succeed in the watch segment, and with this in mind, the Apple Watch is extremely customisable,
The majority of small companies in the region are aiming to grow staff numbers by more than 10 per cent, indicating rising optimism among businesses.
17:44 GMT
The poll also noted that 72 per cent of firms in the region expect to provide an annual salary increase of more than five per cent.
“Ismaik has finalised the sale of a stake in Arabtec to Aabar,” the source told Reuters, declining to elaborate on the size of the stake or the price.
17:10 GMT
Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.
Commenting on the legitimacy of Parliament’s endorsement, he said MPs are not public sector employees; therefore they are not eligible for pensions.
15:40 GMT
The cost of the lawmakers’ decision, which has enraged the public, is expected to reach around JD6 million a year, a figure that will increase every new parliamentary term, if the law is enacted.
Egypt's trade balance deficit dropped to LE9.09 billion ($1.27 billion) in June 2014, the state-run statistical body CAPMAS reported Monday.
05:55 GMT
The figure represents a 63.5 percent decrease compared to the same month in 2013, when the deficit stood at LE24.88 billion ($3.48 billion).
So far, two of the 80 companies that have agreed to invest in the Red Sea area are from China, he said.
05:55 GMT
A Saudi plan to create an industrial city in the desert, an idea borrowed from China, is now wooing Chinese investors to set up plants there.
Al Khalifa said through QBIC’s flagship Lean Startup program, it has supported and launched more than 21 projects that truly showcase entrepreneurs’ potential and progress in Qatar.
04:55 GMT
Qatar Development Bank and Social Development Center have officially announced the launch of the region's largest business incubator.
Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
04:55 GMT
They are treading a fine line, having to reconcile the fact that their businesses mostly depend on conventional banking practices - interest payments, and to some degree monetary speculation - which Islamic principles forbid.
04:55 GMT
There have been persistent rumours that Kabir had been running the central bank from Malta, after fleeing an upsurge in violence in the capital Tripoli, where the bank was based.

September 14, 2014

While remittances to India from the GCC is a given considering the huge Indian population, remittances to other parts of the world is also increasing.
21:48 GMT
UAE Exchange, the single largest player in the remittance industry in the GCC, has over six per cent of share in the global remittance market, said a top official.
The tragic shooting down of Malaysia Airlines flight MH17 in July, which killed all the 298 people on board, could have been avoided, according to Sir Tim Clark, president of Dubai-based Emirates Airline.
21:32 GMT
According to reports, Australia’s Qantas stopped flying over Ukraine months before the tragedy, while Korean Air also claimed that it rerouted cargo and passenger flights in early March.
Since Dubai's 2009 financial crisis, Emaar's retailing business has benefited from a strong rebound in the emirate's economy on the back of a tourism and trade boom.
21:24 GMT
Dubai's Emaar Properties is seeking to raise as much as Dh5.8 billion ($1.58 billion) from an initial public offer of shares in its shopping malls unit that is expected to be the Gulf's biggest stock sale since 2008.
Bahrain gave the lowest salary increase projection at 4.5 per cent followed by the UAE at 4.8 per cent, Qatar at 5.2 per cent and Kuwait at 5.3 per cent.
20:55 GMT
Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries.
“No security measures whatsoever will be able to prevent social problems from arising if more businesses close their doors and go bankrupt,” he said.
14:54 GMT
Lebanon’s leading businesses and bankers warned Friday that the country could further face further economic deterioration if the president of the republic is not elected soon.

Analysts polled by Reuters in April forecast average inflation in the UAE would accelerate to 1.9 per cent in 2014 and 2.5 per cent in 2015 from 1.1 per cent in 2013, which was the highest level since 2009
14:34 GMT
The housing and utility costs, which account for almost 44 per cent of consumer expenses, jumped 6.2 per cent year-on-year and 0.4 per cent month-on-month in August.
Despite being on the brink of ruin, Misrata has become an entrepreneurial phoenix rising out of the ashes and is an example of the vast potential Libya holds as it slowly begins to open up economically to the world.
14:26 GMT
espite being on the brink of ruin, Misrata has become an entrepreneurial phoenix rising out of the ashes and is an example of the vast potential Libya holds as it slowly begins to open up economically to the world.
For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.
04:55 GMT
The drop in oil prices to their lowest in two years has caught many observers off guard, coming against a backdrop of the worst violence in Iraq this decade, heightened tensions between the West and Russia, and sanctions against Iran.
Apple is selling out of its stock even after customers took to Twitter to complain of difficulties loading the website to place pre-orders on Friday morning.
04:55 GMT
Suppliers to Apple were scrambling to get enough screens ready for the new iPhones as the need to redesign a key component disrupted panel production, supply chain sources told Reuters last month.
Retail sales climbed 11.9 percent, lagging forecasts of 12.1 percent and slowing from 12.2 percent in July, the National Bureau of Statistics said.
04:55 GMT
This marks the lowest reading since December 2008 when the economy was buffeted by the global financial crisis.

September 12, 2014

Although many leaving comments on the page have emphasised the company’s usefulness in cutting down wasted time, others are Although many leaving comments on the page have emphasised the company’s usefulness in cutting down wasted time, others are worried about its legality.

 about its legality.
20:48 GMT
The service aims to help Egyptians to extract or renew governmental documents including ID cards, passports, marriage documents and death certificates.
“The facility produced one pirated CD every five seconds. This is one of the largest raids conducted by the library in cooperation with the Criminal Investigation Department,” he added.
20:09 GMT
“The facility produced one pirated CD every five seconds. This is one of the largest raids conducted by the library in cooperation with the Criminal Investigation Department,” he added

September 11, 2014

Abdel Nour said the government has begun taking concrete steps to address the current energy crisis in Egypt.
22:49 GMT
This came during an expanded meeting held by Abdel Nour with a delegation from the US State Department.
Christina Warren, senior tech analyst at Mashable, said: "The iPod classic is finally dead. RIP little iPod. You remade Apple, changed the way we listen to music, and are one of my top five gadgets."
21:55 GMT
There was no announcement, no solemn ceremony to mark its passing, but Apple has finally killed off its longest-serving gadget, the iPod Classic, just seven years after it was launched.
The extra refined products from Yanbu may have two undesirable impacts, from a Saudi perspective.
21:36 GMT
If you could pick the worst set of circumstances in which to start up a giant, export-oriented oil refinery, you might well have them right now.
Sometimes they came pretending to buy things. Sometimes they texted, sometimes they called, but the message was always the same: "Give us money."
15:16 GMT
Even with the rapid expansion of Islamic State and its need to pay a larger number of recruits, the group could still make an estimated $100-$200 million surplus this year, given the amount of money it is making.
Brent crude dropped to a two-year low below $97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
14:47 GMT
"The recent slowdown in demand growth is nothing short of remarkable," the International Energy Agency (IEA) said in a monthly report, cutting its oil demand growth projections for 2014 and 2015.
Opposition figures underline that the government is turning a blind eye to misconduct by businesspeople loyal to President Recep Tayyip Erdoğan.
04:55 GMT
The Turkish government has created an elite class of businesses that enjoy unfair advantages over their rivals despite being allegedly being involved in corruption, as well as negligence causing fatal accidents, observers argue.
Ranked among the world's busiest airports for international travellers, Dubai International has established itself as a major stop on routes between the West and Asia and Australasia.
04:55 GMT
Dubai has relaunched an ambitious project to develop its second airport, touted originally as the world's largest, to handle 120 million passengers a year, its airports chief said Monday.
"It's become obvious that workplace safety is a vital issue. A plan of action will be put together and unveiled," Arinc, who is also the government spokesman, told reporters.
04:55 GMT
A decade of rapid growth has fuelled a construction boom in Turkey but worker safety standards have failed to keep pace
“Saudi Arabia has already shown strong interest in strengthening its green building presence."
04:55 GMT
International experts expect to see more organizations in Saudi Arabia take action to make existing buildings more efficient.
"Importing natural gas from Cyprus is very feasible for Jordan as Cyprus has a very good reserve of natural gas that can contribute to meeting Jordan's needs of gas," he added.
01:01 GMT
"Jordan is keen to diversify its sources of natural gas supply...We held several talks over the past few months with Cyprus and these are very fruitful and encouraging," said Hamed.

September 10, 2014

Fighting across the region, mainly in Syria and Iraq, has left thousands dead in the years since the mass demonstrations of the Arab Spring led to violent uprisings.
16:42 GMT
A post-World War II US initiative, the Marshall plan helped revive Europe's shattered economy and bring long-term stability to the continent.
The report also expects no near-term International Monetary Fund (IMF) engagement with Egypt.
16:31 GMT
Sufficient aid will be available to Egypt through external bilateral assistance from the Gulf Cooperation Council (GCC), according to a Thursday report by the Bank of America Merrill Lynch.
 A consortium of international fragrance retailers has launched the International Group of Luxury Fragrances in Saudi Arabia.
16:20 GMT
The Group is dedicated to enriching the olfactory experience with a deeper understanding of international fragrances.
Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.
16:12 GMT
Since EBRD started its operations in the Kingdom in 2012, it has invested 203 million euros (around $262 million) in seven projects in Jordan covering various sectors, according to a statement released Tuesday.
Preventative measured also include special equipment at airports to detect anyone who may be infected.
15:59 GMT
Hajj season is almost upon us, and in October an estimated three million Muslims from around the world will congregate in Mecca, Saudi Arabia, to perform the Islamic pilgrimage.
OPEC also publishes production figures from secondary sources, a legacy of past OPEC disagreements about countries’ reported output figures.
15:39 GMT
In the report, OPEC cut its 2014 global oil demand growth forecast for a third consecutive month and also reduced its assessment of the requirement for its members’ crude oil.
The brand has been co-founded by former Apple CEO and ace marketer John Sculley.
15:09 GMT
“It is just a coincidence that iPhone 6 launching in Mena [Middle East and North Africa] at the same time. We wish Apple much success in the premium mobile device market,” said Sculley.
“More than 110,000 people have arrived in Italy so far this year, sometimes 4,000 or even 5,000 people in a matter of days,” said Flavio Di Giacomo, spokesman for the International Organisation for Migration (IOM) in Italy.
04:55 GMT
On a late-summer morning in northern Jordan, as the sun rose over the city of Irbid, perched high on a desert ridge, a young father prepared to die at sea.
The so-called offset programme was introduced in 1992 as a way of weaning Kuwait off its reliance on oil and gaining access to new technologies and training.
04:55 GMT
Kuwait is suspending a programme under which foreign winners of big government contracts are required to invest in the local economy.

September 9, 2014

The new iPhones are expected to come in two screen sizes- one measuring 4.7 inches diagonally and the other 5.5-inches- and have faster processors.
20:43 GMT
The launch of the new iPhone is expected to be one of the largest events this year.
The iPhone 6 will feature a larger 4.7 inch retina HD screen, while a 5.5 inch model also will be offered.
20:19 GMT
The iPhone 6 will feature a larger 4.7 inch retina HD screen, while a 5.5 inch model also will be offered.
The study, by the research centre at the ministry of sport and young people, was published a day after President Hassan Rouhani dubbed existing Internet controls counter-productive.
18:12 GMT
More than two thirds of young Iranian Internet users are using illegal software to reach websites that are officially banned, according to government research cited by media on Monday.
Migrants setting off from Turkey also commonly travel by sea to the Greek Aegean Islands, a route much shorter than the treacherous route from Libya to Italy but still fraught with dangers.
18:00 GMT
During the past three days alone, 424 people attempting to make the dangerous crossing to European territory were found during search and rescue operations off the Turkish coast.