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August 28, 2014

CEO of Jannah Hotels and Resorts, Imad Darwish, said there is a greater need of hotels ahead of Dubai Expo 2020 (Image: File)
11:55 GMT
Jannah Hotels and Resorts is planning to expand across the UAE by introducing more apartment hotels and brands to the company.
Number plates in Dubai haven’t changed for decades
11:55 GMT
Vehicles registered in Dubai will soon have number plates with new designs as the Roads and Transport Authority (RTA) is working on plans to replace the existing designs and colours.
The new models of watches are available throughout the GCC (Image: Casio)
11:46 GMT
Casio Middle East unveiled two new Edifice time pieces throughout stores in GCC countries.
Petrochemicals supported the uptrend of the kingdom's stock market (File/AFP)
11:33 GMT
The Tadawul All-Share Index breached 11,000-mark with a six-year high. Strong global demand for petrochemicals supported the increase.
Saudi Arabia's unemployment rate is believed to be around 11.4 percent (File/AFP)
10:46 GMT
Saudi authorities denied reports that a proposal to reduce public sector working hours to 40 a week was being scrapped.
Shayne Nelson said that the UAE attracted safe investments from the likes of Iraq and Syria (File/AFP)
10:22 GMT
With turmoil continuing in the Middle East, the UAE has been the safe haven for many people in terms of property and flights, according to a senior banker.
The objectives are to acquaint the Indian community in Bahrain and nearby countries with the various investment opportunities in India
09:50 GMT
A key meeting in Bahrain next week will see discussions between Bahraini and Indian business leaders on bilateral trade and investment opportunities.
DP World is a global marine terminal operator with around 65 locations across six continents (Image: File)
09:43 GMT
Global marine terminal operator DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like basis.
The economic outlook for Saudi Arabia remains favorable, with GDP growth expectations to stay above 4 percent in 2014 and 2015
09:26 GMT
Dun & Bradstreet South Asia Middle East Ltd (D&B) in association with the National Commercial Bank released the D&B Business Optimism Index (BOI) survey for Saudi Arabia for Q3, 2014. The BOI survey highlights the weakening of optimism levels of both the hydrocarbon and non-hydrocarbon sectors.
“My Sun: The Source of My Energy”, the campaign was launched late Tuesday
08:26 GMT
Households in Jordan can save up to 90 per cent of their monthly electricity bill by installing photovoltaic systems to produce energy from solar power, according to organisers of a campaign to encourage the usage of such systems at homes.
The new system is due to be launched on October 1 (Image: Internations)
07:44 GMT
Bahrain is due to launch a high tech visa system, which will enable visitors from 102 countries to apply for and secure their visas online.
The Kingdom’s annual rate of energy consumption exceeded 5 percent while the economic growth rate reached 4 percent
07:13 GMT
Although the Kingdom has the largest oil reserves in the world and occupies the fifth place in terms of natural gas reserves, yet according to a report by oil specialist the Kingdom faces many challenges as a result of a number of different factors, including its need to meet the requirements of development.
Dubai Expo 2020 is expected to host up to 300,000 visitors during peak time (Image: Khaleej Times)
06:58 GMT
Planning for Dubai Expo 2020 has entered the next phase, organizers said in a statement Wednesday.
MPs criticised the government approach in dealing with several large-scale investments in renewable energy
06:19 GMT
The Lower House on Wednesday referred the draft renewable energy law to its Energy Committee giving it urgency status, after dozens of MPs took part in the “first reading” of the bill.

August 27, 2014

Residential rents dropped by 2.9 percent in the first half of 2014 (File/AFP)
12:26 GMT
Dubai residential rents have dropped slightly in the first half of 2014 by 2.0 percent according to a recent report from the Phidar's House Price Index.
Construction represents an increasing share of overall gross domestic product (GDP)
11:55 GMT
The construction sector grew 2% while the cost of key materials including cement, ready mixed concrete, and reinforcement steel grew over 6% in the last quarter,
The new Geant supermarket will be the biggest in Abu Dhabi (Image: Geant)
11:30 GMT
Aldar Properties announced another significant phase in the pre-opening of the widely anticipated Yas Mall, due to launch in November 2014.
A draft of the new labour law initially stipulated a 40-hour working week, down from 48
10:26 GMT
A plan by Saudi Arabia’s labour ministry to give two days off a week in the private sector is being shelved following tremendous pressure from investors and the business community.
Prince Faisal bin Salman praised the holy city for its efforts to encourage young people into business (File/AFP)
09:54 GMT
Prince Faisal bin Salman said Medina is an investment-friendly province and called for young people to put their ideas into viable projects.
The completion of the refurbishment is set for 2016 (Image: MAF)
09:12 GMT
Mall of the Emirates has entered the second phase of a major refurbishment plan, carried out by leading developer, Majid Al Futtiam (MAF).
The new guide also includes information on small-business growth
08:41 GMT
Research and consultancy firm Oxford Business Group published a new guide to Saudi Arabia's economy and finance.
The project is due to be completed in late 2015 (Image: Tecom Investments)
07:50 GMT
Tecom Investments launched a new 440-villa project close to its DuBiotech business park in Dubai, due for completion in Q4, 2015, according to the National.
MAF Properties aims to double its business to $12 billion by 2018 (Image: Gulf Business)
07:29 GMT
Majid Al Futtaim Properties' success is continuing to grow with 17 operational malls across the MENA region. CEO George Kostas talks about how he runs the company so successfully.
The Index posted a monthly average of 33.4 in the first half of 2014, increasing by 16.5 percent from the second half of 2013
07:17 GMT
Byblos Bank/AUB Consumer Confidence Index improved marginally in January and February, picked up pace in March and April, and regressed in May and June 2014.
That occupancy rates have dropped by 50 percent over the past week
06:57 GMT
Children’s new bedtimes for school are keeping families away from entertainment venues, leading to a sharp dip in revenues following an extravagant 100-percent occupancy rate during Ramadan and Eid.
A Kuwaiti man withdraws cash from an ATM machine (File/AFP)
06:55 GMT
Bahrain's Gulf Finance House Wednesday signed a $105 million deal with Kuwait Finance House in the wake of the global finance crisis, which hit the Middle East.
Dubai’s households spend between Dh37,000 and Dh85,000 each year
06:24 GMT
Dubai’s impressive average spending power of Dh53,000 ($14,400) per household per year has seen the retail sector riding a wave of growth to reach record figures, a report said.
The King described the future vision entailed in the 10-year economic plan as “the most important strategic initiative for the future of Jordan and Jordanians
06:17 GMT
His Majesty King Abdullah on Tuesday stressed his full support to all the committees entrusted with preparing a future vision of the national economy, coupled with an executive plan, urging them to place the interests of Jordanians at the core of their work.

August 26, 2014

Adnoc will take over 75 service stations in agreement with Emirates General Petroleum Corporation (Image: Znews)
11:42 GMT
Abu Dhabi's Adnoc Distribution has bought 34 Emarat service stations and a fuel depot in Sharjah.
Up to 70 percent of Saudi Arabia's produce is imported, making it ideal for global markets (File/AFP)
11:08 GMT
Food imports have a key role to play in Saudi Arabia's booming agriculture industry. While the Kingdom emerges as a key player for food trade, it is because almost 70 percent of it is imported.
The national parliament, early this month, passed the SSP 11.279 billion, up by 8% SSP 0.876 billion from the 2013/14 budget
10:02 GMT
A large portion of South Sudan's annual budget is spent on salaries and operational costs with very little on development projects, a local think tank said in a policy paper.
The program is intended to cut down unemployment among less educated Saudis
09:46 GMT
The Jeddah Chamber of Commerce and Industry is hosting a program for training Saudis with high school education or less in coordination with public and private sector agencies.
A construction site in Beirut displays a huge banner for a building, August 12, 2013 (File/AFP)
09:31 GMT
Figures for construction permits being issued in Beirut dropped slightly by 0.2 percent in 2014. Numbers varied for other cities and towns across Lebanon.
A happy worker is a hard worker: Investing in employees means they'll do a better job (File/AFP)
09:09 GMT
While the UAE's GDP growth rate is above five percent, more job opportunities are emerging. This is why it is vital to keep employees happy.
A 5.6 percent increase in growth this year could be good news for Dubai (File/AFP)
08:38 GMT
Dubai could be headed for some optimism in the future with a 5.6 percent rise in growth if the economy continues to say vibrant and healthy.
In July this year, there were 2.9 million scheduled flights and 395 million scheduled global airline seats
08:29 GMT
That old saying, '€˜There’s no such thing as bad publicity’, probably applies to what the aviation industry has flown through in recent months.
Almost 60,000 Chinese tourists checked into Abu Dhabi hotels in H1, an increase of 189 percent from the previous year (File/AFP)
08:05 GMT
Abu Dhabi has seen a huge rise in Chinese visitors in H1 according to the Abu Dhabi Tourism & Culture Authority following a Chinese Visitor Summit in the Emirate.
CEO of Emirates NBD, Shayne Nelson, said in-market mergers  work better monetarily (File/AFP)
07:31 GMT
It's getting too crowded in the UAE banking sector with too many lenders competing with one another to please a small population, according to a senior banker.
The Kingdom’s external debt went up by JD1.15 billion during the first six months
07:10 GMT
Jordan’s public debt reached over JD20 billion by the end of June, according to recent official data.
Oman uses two different contracts to sell its crude
06:58 GMT
Oman's crude oil exports to China have continued to soar amid the economic giant’s rising demand for energy and its increasing reliance on Middle Eastern oil supplies.
Saudi Arabia is a strategic partner with the Sudan in investments
06:56 GMT
Saudi investments in the Sudan are expected to cross $13 billion (SR48.75 billion) in the next few months, particularly following a decision on canceling entry visas for Saudi investors.
Balfour Beatty, Carillion and Mott MacDonald are a few of the firms to win contracts (File/AFP)
06:52 GMT
The UK's top construction firms have won infrastructure contracts worth $1.65 billion to build roads, hotels, museum projects and drainage networks for World Cup 2022 in Qatar.

August 25, 2014

The Specialist Services deal follows a previous project triumph for the same development by Leighton Offshore (File/AFP)
12:42 GMT
Dubai's Specialist Services won a contract from Petrofac to build local equipment and control rooms for its Island Surface Facilities Project.
Saudi Arabia's coffee industry is worth $267 million annually (File/AFP)
12:20 GMT
They say it's a sign of good hospitality when you offer visitors a cup of coffee! Saudi Arabia is the largest coffee consuming country in the world with an industry worth $267 million.
Historically the Gulf corporates have enjoyed abundance of bank liquidity and bank funding
10:55 GMT
The context of the Middle Eastern debt market, bank lending has been a dominant component. The debt issuances, to date have been dominated by the banks and the government related entities (GREs).
The U.S. is the sixth-largest means for electronic cash transfers to Lebanon (File/AFP)
08:58 GMT
World Bank figures showed a decrease in the cost of sending remittances for the U.S. to Lebanon at 10.19 percent in Q2.
Around 607 apartments will be leased out at the Gate Towers development on Al Reem Island (Image: Urbanarches)
08:41 GMT
Abu Dhabi's leading property development company, Aldar Properties, secured a bulk deal to lease 607 apartments to hospital employees working for a medical clinic.
CEO of Dubai Chamber, Hamad Buamim, said the "future of business is very promising" in Africa (Image: Wikipedia)
08:22 GMT
The Dubai Chamber of Commerce and Industry has joined forces with the Economist Intelligence Unit to check out Sub-Saharan Africa for potential for investment.
Prime Minister Prince Khalifa bin Salman Al Khalifa who chaired the meeting said settlement disputes needed to be fast tracked (Image: 4photo)
07:58 GMT
Bahrain will overhaul trade laws to increase foreign investment and clean up dispute settlement processes, according to a cabinet meeting hosted by Prime Minister Prince Khalifa bin Salman Al Khalifa.
Hotel revenues went up by 10.9 percent in the first half 2014 (File)
07:31 GMT
Dubai's hotel industry welcomed over 5.8 million tourists in the first half of the year with revenues reaching £3.18 billion, up by 10.9 percent.
FM contracts are becoming more integrated, more metric-based, and crucially, longer in duration
07:08 GMT
Facilities Management (FM) services contracts in the UAE could be valued at approximately AED20 billion per annum by next year, according to G4S, a leading global security and outsourcing group in UAE.
Abu Dhabi-based Etihad bought the 33.3 percent stake in Darwin Airline last November (File/AFP)
07:01 GMT
Abu Dhabi's Etihad Airways welcomed a review process by Switzerland's Federal Office of Civil Aviation regarding a deal to buy 33.3 percent of Swiss carrier, Darwin Airline.
Dubai’s top 10 tourism source markets remained for the most part unchanged compared to the previous year
06:48 GMT
Saudi Arabia continued to be Dubai’s primary source market as more than 5.8 million tourists stayed in Dubai hotels during the first half of 2014.
The tour also included a discussion of Masdar City’s role in advancing renewable energy adoption globally
06:23 GMT
The UAE and India are expected to enhance their co-operation in the field of renewable energy and sustainability.

August 24, 2014


The STRs are designed to flag questionable financial activity and 354 were registered between January and June this year compared with just 237 in the first six months of last year.
21:28 GMT
A spike in the number of suspicious transactions related to money laundering and terrorism financing has been recorded in Bahrain in the first half of this year, a report said.
Etihad now has until September 30 to make the necessary changes to its agreement for it to take the 33.3 per cent stake in the airline.
21:22 GMT
Foca said last week that the current agreement can lead to Etihad controlling Darwin and would be incompatible with statutory provisions.
“The region between Iraq and Syria has emerged as the ideal black market to sell the oil as the territory is under their control,” he said.
20:52 GMT
The oil being sold by Isil ranges between $25 (Dh91.75) per barrel to $60 per barrel compared to the current market prices, which on Friday traded for about $102 for Brent crude.
But the issue highlights the risks and challenges that suppliers face to meet Apple’s tough specifications, and comes on the heels of a separate screen technology problem,
12:36 GMT
Suppliers to Apple Inc. are scrambling to get enough screens ready for the new iPhone 6 smartphone as the need to redesign a key component disrupted panel production ahead of next month’s expected launch,
The KRG has repeatedly declined to identify buyers of its oil or say who is helping to coordinate the sales.
12:24 GMT
In June, a tanker carrying 1 million barrels of Kurdish oil sailed from Ceyhan that was delivered into Israel's Ashkelon port after first being transferred at sea to another vessel.
Ranking first during all his semesters at AUB, Adib has the highest cumulative GPA in the digitally-recorded history of Lebanon’s leading university.
04:55 GMT
Two young Lebanese have made their way on to the “35 innovators under 35” list issued by the Massachusetts Institute of Technology to highlight the most promising inventors of the year.
Baghdad has tried to block the KRG from exporting oil on its own, citing a constitutional clause making the central government responsible for oil shipments and revenues.
04:55 GMT
“The Kurds are becoming more confident of their ability to export crude independently of Baghdad.”
A new schedule will be prepared for paying outstanding dues to foreign partners in the petroleum sector,
04:55 GMT
The government is the reason behind the continued inability of the petroleum sector to repay dues to foreign partners in return for oil and gas received monthly, said an official at the Ministry of Petroleum
While there are no readily available national statistics, a number of experts in the field say anti-depressant sales are on the rise.
04:55 GMT
Recent security and economic concerns are pushing more and more Lebanese into depression, according to psychiatrists.
is Majesty King Abdullah on Thursday urged the private and public sectors to join efforts to define the priorities of the 10-year economic plan he asked the government to draft.
04:55 GMT
“Today, we are facing enormous challenges on more than one front, foremost of which are the economic challenges,” the King told the attendees, according to a Royal Court statement.
Depending on the legal form of your company, you and your business partners may need to draft and sign a Memorandum of Association (MOA).
04:55 GMT
The UAE is one of the world’s easiest places to do business in, according to the World Bank’s Ease of Doing Business report for 2014.

August 21, 2014

The company said anyone using a device running version 4.0 of Android, which is about 85 per cent of Android systems in use today, is potentially vulnerable.
23:56 GMT
Smartphone users in the UAE and the rest of the Middle East and Africa region are in danger of having their bank, email and social media accounts hacked, amid reports that some 178 million mobile devices are now potentially vulnerable
 In November 2008 Bank Sarasin made margin calls which the claimants did not meet. Bank Sarasin closed out the investments; with the consequence that the Khorafis suffered substantial losses.
23:28 GMT
The case dates back to 2007 and early 2008, when on the introduction of Sarasin-Alpen, the Khorafis purchased structured financial products from Bank Sarasin.
Sheika Fatima also urged Emirati youth to be rational towards wedding expenditure, saying that overspending often leads to negative effects on family stability.
23:18 GMT
“Mass weddings aim to reduce the expenses of weddings and lift wedding cost pressures from young people and their parents. They also encourage young men to marry early and start building a stable and cohesive family,” she added.
With IT research firm Frost and Sullivan predicting the global cloud market will reach more than $125 billion by the end of the year, the GCC’s cloud computing market is set to grow from $91.7 million last year to $118.5 million by the end of 2014
15:42 GMT
In the UAE, sensitive industry sectors such as the public sector, oil and gas, banking, finance and insurance are all set to drive demand for cloud computing security solutions
“I would still go because I know those places and I know what to wear when going to them,” she said.
15:27 GMT
An attached map singled out Edgware Road, the area between Marble Arch and Tottenham Court Road, and the Oxford Circus and Bond Street area.
Tradition, cultural morays, and family expectations have been the primary constraints on women’s advancement in Egyptian society.
14:46 GMT
Egypt is a society, in which sexism is so ingrained in the economic, social, and political system that 50% of the population has, for the most part, been excluded.
The ministry cancelled the projects due to the grid’s constraints at present and inability to absorb more loads, Hamed said in a phone interview this week.
14:34 GMT
The ministry cancelled the projects after failing to secure funds from Arab Gulf states to finance the expansion of the national grid’s capacity.
Since August 5, conditions in the market have made it less worthwhile to hold shekels, because the Israeli banks were willing to pay almost 1% annual interest on dollar deposits.
13:20 GMT
After the cannons have stopped roaring and an arrangement between Israel and Hamas is emerging, the shekel is suddenly showing weakness.
“Following consumer feedback, we’ve now taken this a step further by bringing our waterproof expertise to a mid-range smartphone for the first time with Xperia M2 Aqua,” he added.
04:55 GMT
Sony has announced the launch of what it dubs ‘world’s most waterproof phone’, the Xperia M2 Aqua, a variant of the mid-range Xperia M2.
Jordan Tourism Board CEO Abed Al Razzaq Arabiyat said having “such a magnificent golf course designed by one of the finest ‘Green’ designers in the world as Greg Norman, means a lot to Jordan’s tourism sector.”
04:55 GMT
The 18-hole Ayla grass golf course project was designed by Greg Norman, one of the world’s “leading golf course designers.”
“During the past Ramadan and Eid seasons, economic revenues increased as passenger and transportation activity flourished by 50 percent due to the large number of individuals traveling to and from the holy cities.”
04:55 GMT
Saeed Al-Bassami,has revealed that Saudization is one of the main challenges facing the surface transportation sector in the Kingdom.

August 20, 2014

A U.S. law called Children’s Online Privacy Protection Act, or COPPA, imposes strict controls on the collection and use of information about children under 13.
21:08 GMT
Internet companies such as Google and Facebook Inc do not offer their services to children under 13, but it is tough to catch users who sign up by providing false information.
 Libya's return to the market has hit oil prices, which slumped to a four-month low in London on Monday before recovering in Asian trade on Tuesday.
20:41 GMT
Libya may be on the brink of chaos but it is gradually boosting output in the vital oil sector after a crisis blocked export terminals for a year.
This new service gives customers the ability to withdraw cash and send money to their friends, family or anyone in the UAE instantly using their mobile phone, even if the recipient does not have a bank account.
20:23 GMT
This new service gives customers the ability to withdraw cash and send money to their friends, family or anyone in the UAE instantly using their mobile phone, even if the recipient does not have a bank account.
“The market is finally showing real signs of recovery and prospective growth suggesting that the construction market will remain strong this year,” he added.
19:55 GMT
Megaprojects in the pipeline and the ramping up of social infrastructure spend is boosting the market, says new report.
The Glasgow City Council sparked criticism from pro-Israeli circles when it decided to raise the Palestinian flag in the wake of the ongoing conflict between the Israeli regime and the Palestinians in the impoverished Gaza.
19:41 GMT
The Glasgow City Council sparked criticism from pro-Israeli circles when it decided to raise the Palestinian flag in the wake of the ongoing conflict between the Israeli regime and the Palestinians in the impoverished Gaza.
The deficit for fuel supplied to stations this month increased to approximately 8m cubic metres of gas and equivalent daily compared to 7m last month.
13:45 GMT
Electricity deficit increases to approximately 6,180MW, no solution in sight
Under the scheme, stranded workers can seek a job with employers whose job opportunities match their profession.
04:55 GMT
Labor Ministry spokesman Tayseer Al-Mufarrej said that the new arrangement was aimed at protecting the interests of both sponsors and workers during their contractual period of employmen
“This is the last major opportunity out there in the world that can suddenly become accessible, almost overnight,” he says.
04:55 GMT
“All the five-star hotels are full of Western companies looking to position themselves to do business."
"This is a well-established, well-rooted and very successful, very profitable organisation," Jordanian economist Riad Al Khouri told AFP.
04:55 GMT
Experts and economists believe the bank will emerge unscathed with flying colours, dismissing the case as a political attempt by American Zionist organisations looking to discredit the Palestinian cause.

August 19, 2014

Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licenses as they struggle to compete.
21:13 GMT
Some international banks have started shrinking in Saudi Arabia even as the kingdom plans to open its $577 billion stock exchange to direct international investment
According to the survey, the most common routes to finding a job in Lebanon are online job sites, through family and friends, and direct applications to target companies.
14:04 GMT
Thirteen percent of recent Lebanese graduates said that the availability of jobs in Lebanon was ‘moderate’ and none of them considered the availability of jobs in the country to be ‘high.’
The Suez Canal is a main source of income for Egypt, generating annual revenues of $5 billion.
13:47 GMT
Egypt has selected a Saudi consultancy to draw up the plan for the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones.
"This is what I believe and what many of my colleagues believe. We are determined to give lessons to students when they come to schools next week," he said.
13:25 GMT
Prime Minister Abdullah Ensour criticised the JTA for planning the strike, accusing them of playing politics and taking students as hostages to their demands.
hese remarks were made at a meeting between JCC board of directors and a delegation representing the Palestinian union of commercial, industrial and agricultural chambers.
13:04 GMT
In response to brutal Israeli attacks on Gaza, Jordan Chamber of Commerce (JCC) President Nael Kabariti called on Jordanian traders and importers to boycott Israeli goods and ports
A hospitable city, artificial beaches, some of the best hotels 
in the world and affordable treatment for a range of ailments is what new Dubai is now about.
04:55 GMT
From VIP packages to the most affordable ones, the packages will cover wellness and seven areas of treatment such as orthopaedic and sports medicine.
The new arrests came as security authorities weigh options to issue tickets to both illegal workers and their employers instead of arresting them, sabq.org reported.
04:55 GMT
The Interior and Labor ministries have stepped up their campaign to drive out residency and labor rule violators across the Kingdom after arresting nearly 8,500 foreigners in the Makkah region over the past two months.
By identifying common advertising mistakes and recognizing what makes a strong, quick-to-sell listing, agents can ensure that their properties grab the attention of potential buyers and renters.
01:08 GMT
With millions of new property listings appearing online every day, it is an increasing struggle to make yours stand out amongst the crowd.

“Petrochemicals stocks are very promising - SABIC is probably the cheapest global petrochemical producer and I expect it will be one of the first stocks to be allowed direct foreign ownership,” said Chawdhry.
01:04 GMT
The Saudi Tadawul All Share Index rose 0.48 percent to close at 10,639.04 points, its highest finish since January 2008 and its 13th gain in the 15 sessions since authorities announced plans to allow direct foreign ownership of shares early next year.
Qatargas and CNOOC have an existing sales agreement signed in 2008 to supply a total of 2 million tonnes per annum (MTA) of LNG.
00:56 GMT
Qatargas is the world's largest LNG producing company with a production capacity of 42 MTA.
“This is urgent: ISIS is now selling its oil, but the Kurds are not allowed to sell their oil,” an unnamed Turkish official told the Financial Times.
00:51 GMT
Turkey has requested that the United States remove barriers regarding the purchase of oil coming from Iraqi Kurdistan

August 18, 2014

Baghdad remained adamant in opposing any independent arrangements to ship oil from Kurdistan away from its control.
21:00 GMT
Two oil tankers Minerva Joy and the United Kalavrvta seem to symbolize the future of Iraq and whether it will remain a unified entity or will break up.
The Center for International Maritime Security said the Suez Canal has long been a point of contention and the situation is unlikely to improve anytime soon.
20:46 GMT
Promises by Chinese president Xi Jinping to build a “Silk Road” and the Red Med project proposed by Benjamin Netanyahu were renewed this year, raising concerns about negative implications on the Suez Canal.
over the course of time, the AKP has taken up the path of all the previous populist governments and begun to see the public sector as an easy way to provide employment for people.
13:26 GMT
Over the past years in particular, the economy has diverted from the rules of the free-market economy, which heeds fair and equal competition.
Lagging behind the Saudis, Qatari citizens captured 23 percent of the GCC property investments in Dubai, followed by the Kuwaitis (13 percent), the Omanis (7 percent) and the Bahrainis (4 percent)
11:26 GMT
Citizens of the UAE captured the highest portion of property investments in Dubai valued at more than AED12.5 billion ($3.5), the DLD report said.