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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.
In an interview with Reuters, Global’s chief executive Maha Al Ghoneim said the company was now “debt-free” following its debt restructuring last year.
17:50 GMT
Kuwait’s Global Investment House said on Tuesday it aimed to relist its shares on the Kuwaiti bourse, after its listing was cancelled last year because of accumulated debt.
Jordan currently imports 97 percent of its energy needs, including crude oil from Saudi Arabia and other petroleum derivative.
17:38 GMT
Jordan has recently sought to establish alternative energy sources and diversify its imports. It is also building two liquefied natural gas terminals, to be finished by 2017, which will be used to import gas for electricity generation.
The brokers also demand a large fee, on average $908 for Bangladeshi workers and $581 for Nepalese workers.
17:03 GMT
The report states that 88 percent of the migrant domestic workers surveyed said they would not have come to Lebanon “had they fully known the reality.”
Al Tayer praised the strategic partners whose efforts were integral part of the success of the RTA in the successful operation of the Dubai Metro.
04:55 GMT
The Dubai Metro will celebrate on Tuesday its fifth anniversary amid very healthy indicators of success in the operational efficiency
In June 2014, the balance sheets of Bank Audi showed that 45 percent of the assets were abroad while the rest were in Lebanon and 43 percent of the total deposits were from abroad while the rest were in Lebanon.
04:55 GMT
“Provided there is a political transition in Syria followed by a reconstruction drive, Bank Audi will be among the first to grab this opportunity,” he added.
Centrally located between the three theme parks, Riverpark will serve as an entrance plaza district featuring an array of retail, dining and entertainment options.
04:55 GMT
The first phase of Dubai Parks & Resorts will comprise three theme parks: Motiongate Dubai, Bollywood Parks Dubai, and LEGOLAND Dubai. The

September 8, 2014

Iran exported $5.2 billion of food and agricultural products and imported $13.2 billion of the products in the previous Iranian calendar year.
20:18 GMT
Iran exported $237 million of pistachio in the first five months of the current Iranian calendar year
The emirate is now reviving development plans as its real estate market recovers and its safe haven status in the turbulent Middle East attracts heavy inflows of money.
20:06 GMT
The expansion could allow Dubai’s fast-growing flagship carrier Emirates to shift its operations to the new facility by the mid-2020s, airport officials said.
Meanwhile, in the UAE and Kuwait growth in capital expenditure has been slower than the rise in current expenditure in the recent years.
19:51 GMT
Qatar and Saudi Arabia have been on the forefront of capital expenditures compared to their GCC peers in the past few years.
Foodways are anything but apolitical, particularly in the context of the Israeli-Palestinian conflict.
18:25 GMT
The scope of Palestinian and Israeli foodways extends beyond gastro-nationalistic debates on the provenance of za’tar and knafeh or legal battles between Palestinians and Israelis regarding access to and ownership of agricultural land.
During the meeting, Queen Rania said education is at the top of His Majesty King Abdullah’s priorities, adding that His Majesty has ordered the government to set out an educational reform plan that includes all stakeholders.
17:47 GMT
Discussions at the meeting also covered other issues, including the integration of technology into classrooms, education level indicators in the Kingdom, and how to develop school curricula.
Many blame authorities for this change in attitude, since residents say that officials leave runaway reports to pile up unresolved.
04:55 GMT
A shortage of maids has led to a thriving black market in domestic workers.
Speaking ahead of the "Invest in Tunisia: Start-up democracy" conference to be held Monday, Jomaa said Tunisia's new government was upbeat but realistic about a recovery.
04:55 GMT
Tunisia has stabilised from the fallout of the 2011 revolution and is now ripe for investment in its battered economy, Prime Minister Mehdi Jomaa told AFP in an interview.
A Palestinian Agriculture Ministry official says the recent Israeli onslaught against the Gaza Strip has had grave impacts on the farming sector in the besieged coastal sliver.
04:55 GMT
“This figure includes $350 million of direct losses and $200 million of indirect ones.”
Hamdallah, who heads the Palestinian government of national consensus which took office on 2 June, said the problem of the wages had turned into the main stumbling block to an intra-Palestinian reconciliation deal.
04:55 GMT
The international community has threatened to boycott the Palestinian leadership if it pays the salaries of former Hamas employees in Gaza, prime minister Rami Hamdallah told AFP on Sunday.
Scarcity of financial resources and the lack of a solid plan are the main reasons behind the perpetuation of Egypt's energy crisis, according to experts who attended the Cairo Energy Conference.
04:55 GMT
The solutions are known, but the will to implement them is absent, say energy experts discussing Egypt's energy crisis
The study was published before finance ministers from the G20 group of leading countries meet in Australia on September 20 and 21.This in turn cost 3.6 million lives a year that could be saved if the missing money were wisely invested, non-government organisation ONE estimated.
04:55 GMT
It is nothing short of a trillion-dollar scandal," said the report, recommending action on four fronts.

September 7, 2014

Automakers have largely renewed their fleets of mainstream sedans and small cars.
14:15 GMT
Among more pulse-pounding models, one of the longest running vehicles in the business – the venerable Ford Mustang – gets a major makeover that brings the original “pony car” into the modern age.
The new causeway, a terrestrial link, will be called the “King Hamad Causeway”.
14:08 GMT
The new link is expected to consolidate economic, social and cultural relations and cooperation between Gulf Cooperation Council (GCC) countries, of which Saudi Arabia and Bahrain are members.
Some economists have concerns about banking liquidity after the issuance of the investment certificates.
13:52 GMT
Ramez said that banking liquidity is safe and has not been affected by the certificates’ financing.
Turkey is the second-largest table olive producer and fourth largest in olive oil production globally. Turkey's share in worldwide olive oil production is 16.7 percent.
13:37 GMT
Turkey has found itself in the midst of an unprecedented agricultural crisis as a result of periods of drought, frost and excessive rainfall this year.
A Chinese factory that supplies Apple with parts has been operating with violations of basic standards for health, safety and environmental protection, an investigative report said Thursday.
05:55 GMT
Asked about the report,Apple said that it audits the plant regularly and works with its operators to raise standards and implement best practices.
Panjabi said that there is “a lot riding” on the new iPhone, as an opportunity for Apple to regain some ground lost to rival phone manufacturers like Samsung.
05:55 GMT
Whatever the launch date, retailers expect the iPhone 6 to be in short supply when it is first available in the Middle East.
The recent flare-up of violence in Iraq is past its worst and Kuwait Energy is keen to invest more in the country because of its potential, Chief Executive Sara Akbar said.
04:55 GMT
Several oil companies in Iraq's Kurdistan region withdrew staff last month after Islamic State militants approached Erbil, the region's capital, threatening its vast oil infrastructure.
“The instructions that the IS group gave were shocking to anyone who has a bank account”
04:55 GMT
Every withdrawal comes with conditions, including a three-person committee that asks where the money came from and a compulsory tax for funding the Islamist’s Caliphate.
For now — at least into next year — the labour reforms look set to continue slowing growth and dampening corporate profits. But that is a price which the government is willing to pay. "Reforms started in 2011 and now we are coming to the end of 2014. We are probably spending 20 or 30 times as much as we spent in 2011," indicated Ibrahim Al Muaiqil, the HRDF's director.
The government is spending billions of riyals on subsidising Saudi workers' salaries, paying up to 50 per cent of increased payroll costs due to firms hiring more Saudis or raising their wages.
04:55 GMT
"Reforms started in 2011 and now we are coming to the end of 2014. We are probably spending 20 or 30 times as much as we spent in 2011," indicated Ibrahim Al Muaiqil, the HRDF's director.
The first phase of the project will include the Faculty of Medicine and the Dental College, which exists already.
04:55 GMT
The Dubai Healthcare City authority said the university will offer citizens and residents with a host of graduate and postgraduate programmes
Al-Sisi has also charged the council with the responsibility of reducing “the Egyptian brain drain”, which sees many of the nation’s most educated and skilled workers move abroad to find work.
04:55 GMT
Among the attendees of the meeting was Nobel Prize-winning chemist Ahmed Zuweil, renowned heart surgeon Magdy Yacoub, and psychiatrist Ahmed Okasha.

September 4, 2014

The current outlook in Lebanon, on a security and economic level, has left many students uncertain about the future.
16:04 GMT
Last year’s strikes over a proposed 6 percent hike in tuition fees dominated headlines as thousands of students occupied the campus in protests. It seems as though this year may be similar.
Greece is a major transit point for immigrants seeking illegal access to the European Union.
15:50 GMT
Coast Guard officials Thursday said they expect a three-fold increase in the number of immigrants apprehended this year, compared with 2013, with more than half of people entering Greece now coming from Syria.
Reports had originally stated that Iranian forces had entered Iraq to fight Islamic State militants last month (File/AFP)
13:23 GMT
Iraq's Foreign Minister, Hoshyar Zebari denied reports that Iranian forces are fighting Islamic State militants in the country.
The UAE ranked first in the world for quality of roads, according to a report prepared by World Economic Forum (Film/AFP)
12:30 GMT
The UAE has the best roads in the world in terms of quality, according to the Global Competitiveness Index (GCI) for 2014-2015.
Lebanon's Central Bank will have to come to the rescue if lawmakers don't get their acts together (File/AFP)
12:17 GMT
If lawmakers in Lebanon don't make up their minds about new sovereign Eurobonds, it's likely that the Central Bank will have to step in.
Over 60 per cent of low-cost Hajj slots were filled within the first 24 hours of going on sale (File/AFP)
12:01 GMT
Saudi Arabia's Hajj Ministry released more low-cost slots for for the annual pilgrimage.
Over two million transactions were recorded in H1, a 12.8 per cent rise from 2013 (File)
11:03 GMT
Abu Dhabi Duty Free sales increased by 11.5 in H1 and it might have something to do the high passenger traffic in the first half of the year.
Hong Kong is a financial hub for foreign investment (File/AFP)
10:13 GMT
The Sharjah Investment and Development Authority joined forces with Invest Hong Kong to increase ties and boost development between both organizations.
The results were carried out by a HSBC UAE Purchasing Managers’ Index survey (File/AFP)
09:55 GMT
Non-oil business activity in the UAE expanded in August at the fastest pace on record as the country obtained high points in output and new business.
The Camel Soap Factory makes products from 25 per cent camel milk and olive oil (Image: Flipkart)
09:28 GMT
Dubai-based SME, The Camel Soap Factory, is looking to touch in German and Indian markets next year as it continues to expand.
Saudi Arabia is looking to invest more in renewable energy to reduce reliance on diesel (File/AFP)
09:02 GMT
Saudi Arabia aims to increase solar activity in the kingdom by increasing solar activity around residential and industrial areas according to an industry expert.
China’s future depends on the capacity of the GCC to provide a steady flow of oil for the next decades,
04:55 GMT
The relationship between China and the Gulf Cooperation Council (GCC) countries can only go one way.
According to a letter of intent signed by the Israeli side, Jordan will buy 45bn cubic metres of natural gas over a period of 15 years.
04:55 GMT
In August 2014 Jordan’s Energy Minister Mohammed Hamid complained that Egypt’s decision to halt its exports of natural gas to Jordan in April had exacerbated the country’s energy crisis.
Saudi Arabia has approved a number of new airport development projects worth more than SR5 billion ($1.33 billion), according to reports.
04:55 GMT
The projects include building a new airport at Jazan called the King Abdullah Bin Abdulaziz Airport and the expansion of the airport in Arar.

September 3, 2014

But oil output from Iraqi Kurdistan, with the largest producing fields like Taq Taq miles away from the fighting, has largely been preserved and in some cases even increased.
20:40 GMT
Iraqi Kurdistan has shipped over 8 million barrels of oil from the Turkish port of Ceyhan since May, sources and energy officials said, as the autonomous region employs new tactics to establish independent oil sales in defiance of Baghdad.
 Iran has agreed to export 20 million cubic meters per day (mcm/d) of gas to Oman, Iranian Oil Minister Bijan Namdar Zanganeh said.
20:26 GMT
Oman began importing Qatari gas in 2007, but its demand has risen rapidly since then, threatening its LNG exports and pushing Muscat back to the negotiating table with Tehran.
In June, Kuwait became the second country in the Persian Gulf that announced its desire to buy natural gas from Iran, which sits on one of the largest gas reserves in the world.
19:45 GMT
The real war between Iran and the United States, which is supported by many European countries, appears to be over energy supply deals.
Fahmy declined to reveal the names of investors that are slated to settle their disputes with government bodies, saying that the settlements have not yet been approved by the cabinet.
19:39 GMT
Fahmy declined to reveal the names of investors that are slated to settle their disputes with government bodies, saying that the settlements have not yet been approved by the cabinet.
Middle East airport traffic grew by 9.2 per cent in July (File/AFP)
13:20 GMT
Middle Eastern airlines recorded the strongest growth in passenger traffic in July with a 9.2 per cent rise, according to a report.
Crystal Lagoons Corp is the world's leading company for luxury lagoons and resorts (Image: Hospitality Business)
12:19 GMT
The leading world developer of giant crystalline lagoons has unveiled a massive 8-hectare project in the Prince Sultan Cultural Centre to build hotels, a medical city, educational facilities, villas and apartments.
Dubai's Public Transport Agency aims to boost marine transport to 1.25 million customers by the end of 2014 (File/AFP)
11:52 GMT
The PTA and RTA launched a Dubai Ferry line to increase marine transport around the Emirate, with five long-distance trips.
 nation of two million residents, of whom merely 280,000 are citizens, Qatar’s football history is virtually non-existent.
11:22 GMT
In time, Qatar’s soccer ambitions may indeed turn out to be harmless. For now, however, the Gulf kingdom’s global ambitions, whether in sport, finance, or politics, are fueling credible suspicions about less than innocent ulterior motives.
France counts for Saudi Arabia's tenth importer and eleventh with exports (File/AFP)
11:06 GMT
Saudi Arabia played an "effective role" in advancing the connections between investments with France, bringing both countries together.
Some of Qatar's top businesses will be attending Milipol 2014 (File/AFP)
10:32 GMT
Milipol Qatar 2014 will address many issues this year including internal state security markets within the GCC and the latest technological advancements.
City Centre Muscat will have 60 new stores and a new dining zone, following the expansion project (Image: Blogspot)
09:01 GMT
Leading Dubai developer Majid Al Futtaim announced plans to expand a retail mall in Oman's capital, Muscat, including 60 shopping and dining options.
Siemens aims to increase its presence in the GCC region (Image: Designmena)
08:37 GMT
Global tech giant Siemens handed over the Shuweihat S3 power plant in Abu Dhabi to begin commercial operations.
The UAE has emerged as one of the world's leading economies (File/AFP)
08:21 GMT
The UAE is jumping the ranks and emerged as the seventh most competitive economy in the world within the short space of a year.
More than 61,000 Turkish nationals have traveled to Mecca this year to perform the hajj, a ritual compulsory for all Muslims who are physically and financially able to make the journey.
04:55 GMT
Turks are expected to spend $1.1 billion on pilgrimages to the holy city of Mecca this year.
Lebanon's economy is expected to grow 1.5 to 2 per cent and inflation is not expected to exceed 4 per cent in the year 2014, despite the fall-out from the war in neighbouring Syria,
04:55 GMT
Lebanon's economy has been hard hit by the war in Syria, which started in 2011 and has repeatedly spilled over into the small Mediterranean country
 nation of two million residents, of whom merely 280,000 are citizens, Qatar’s football history is virtually non-existent.
04:55 GMT
In time, Qatar’s soccer ambitions may indeed turn out to be harmless. For now, however, the Gulf kingdom’s global ambitions, whether in sport, finance, or politics, are fueling credible suspicions about less than innocent ulterior motives.

September 2, 2014

Flights will start to Oslo and Brussels on September 2 (File/AFP)
12:29 GMT
The biggest Middle Eastern airline, Emirates, added two more destinations to its network this week including Oslo and Brussels.
Emirates NBD will expand operations in Saudi, according to the company's CEO, Shayne Nelson (File/AFP)
12:03 GMT
Dubai's largest bank, Emirates NBD, is looking to increase its presence in Saudi Arabia, CEO of the company announced.