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June 5, 2013
13:28 GMT
Global mobile payment transaction values are expected to reach $721 billion by 2017 from $163.1 billion in 2012, research firm Gartner said on Tuesday.
13:10 GMT
International Bank of Azerbaijan (IBA), the country's biggest lender, plans to raise $100 million through an Islamic syndicated loan this year to develop Islamic banking in the country, the bank said in a statement.
12:21 GMT
The new pay-as-you-go service called Cloud Compute was announced yesterday.
12:15 GMT
Egypt's bourse dropped to a five-week low on Tuesday, making its biggest one-day loss in two months on increasing fears of political instability, while Gulf markets were mixed.
11:29 GMT
Airline to introduce the double-decker aircraft from January amidst "robust demand" for business and leisure traffic.
11:26 GMT
A total of 2,461 residential units were completed in Abu Dhabi during the first quarter of 2013, down 6.2 per cent compared to Q1 2012, according to official data from the Statistics Centre – Abu Dhabi (SCAD).
11:25 GMT
New labor laws have forced nearly 50 percent of the laborers to quit the construction sector altogether, according to local experts. Most of the laborers are craftsmen.
11:24 GMT
With the holy month of Ramadan around the corner, the Consumer Protection Association (CPA) has launched a campaign to monitor the prices of essential goods in an effort to control seasonal price increases.
11:22 GMT
Islamic finance experts have flagged the urgent need for harmonious international industry standards and cross-border co-ordination and collaboration.
11:19 GMT
Over the past few months newswires have been flooded with stories painting a pretty picture of the real estate market.
11:12 GMT
A global network of private companies were blacklisted by the United States on Tuesday for providing revenue to the Iranian government's leadership and helping it evade the pinch from international sanctions on Tehran's nuclear program,
06:00 GMT
Private financial wealth in the Middle East and Africa (MEA) is poised to grow 35 per cent to $6.5 trillion by 2017 driven by new wealth creation linked to strong economic expansion.
05:30 GMT
SINGAPORE: Islamic banks can help finance Asia’s burgeoning infrastructure investment needs while continuing to adhere to fundamental Sharia tenets, executives said yesterday.
05:00 GMT
By 2020 – the regional fleet size of registered business jets is expected to cross 1,375
05:00 GMT
Shell committed to delivering gas from Bab sour gas project by 2020.
05:00 GMT
The general consumer confidence in economic performance index for the Emirate of Abu Dhabi in the first quarter of 2013 hiked by 2 points, up from 126 for the same period of 2012, an index by Studies Directory of the Department of Economic Development showed.
June 4, 2013
13:36 GMT
The goal of the workshops was to provide the most promising startups with mentorship and help create a network of communication between entrepreneurs.
13:36 GMT
Etisalat has done well to make inter-emirate calls on the landline free. This will increase usage in a more interconnected UAE population. But, etisalat could do two more important things: Reduce the cost of international calls and open up Voip.
13:28 GMT
Dubai Airport Freezone (DAFZA) recently hosted two seminars in Rome and Milan to boost the United Arab Emirates’ economic ties with Italy.
13:28 GMT
Traffic figures for the first four months of 2013 recorded a 14 per cent increase in passenger traffic compared to the same period last year.
13:08 GMT
Outgoing Vodafone Qatar CEO Richard Daly said on Monday that Voice over Internet Protocol (VoIP) remains a major threat to licenced telecommunication providers in Qatar and it should be stopped as it is illegal.
13:02 GMT
Nearly 22 per cent of Petroleum Development Oman's (PDO) oil production will be from enhanced oil recovery (EOR) by 2020, according to the head of new technology implementation at the company.
12:00 GMT
The Sudanese minister of finance and national economy Ali Mahmoud Abdel-Rasool has acknowledged that the country's economy is facing significant headwinds despite an austerity program implemented in the wake of South Sudan's secession.
11:58 GMT
The ISM Index at 49 was actually at the lowest level since the depths of the global financial crisis in mid-2009.
11:55 GMT
The operating conditions in Saudi Arabia’s nonoil producing private sector strengthened during May.
11:42 GMT
Messy politics, economic slowdown and a balance of payments deficit: four days of violent anti-government protests across Turkey are reminding investors of another emerging market - South Africa.
11:08 GMT
It turned out to be largely positive for investors yesterday, as Saudi Arabia’s benchmark stock index recorded a handsome gain of 1.14 percent, which is the highest increase during last two weeks.
11:06 GMT
Standard & Poor's Ratings Services (S&P) yesterday revised its outlook on Saudi Electricity Co. (SEC) to positive from stable.
11:01 GMT
International Labour Organisation (ILO) forecasts 8.8 percent unemployment in Middle East and North Africa (MENA) by 2015, putting region at risk of rising social unrest.
10:56 GMT
Gold jumped 2 percent yesterday, hitting its highest in more than two weeks, boosted by a tumbling dollar and disappointing US manufacturing data.
05:30 GMT
The new entity, Emirates Global Aluminium, will be jointly held by Dubai Aluminium (Dubal) and Emirates Aluminium (Emal).
05:00 GMT
Gulf carriers are now expected to turn in a profit of $1.5 billion this year compared to the previously projected $1.4 billion,
June 3, 2013
13:43 GMT
Qatar's business community remains cautiously optimistic despite global economic uncertainty and downward pressure on oil prices, according to the Dun and Bradstreet (D&B) Business Optimism Index (BOI) survey for Qatar for Q2 2013.
13:18 GMT
State-owned Islamic Bank of Thailand plans to increase its capital by 7.11 billion baht ($234.9 million) and issue a 5 billion baht sukuk, the country's first-ever Islamic bond, the bank said on Monday.
12:22 GMT
The Labor Ministry has launched a wage protection program for workers of mega companies having 3,000 or more employees.
11:33 GMT
The Saudi stock market registered solid gains last month. At the end of May 2013, the Tadawul All-Share Index (TASI) closed at 7,404.12 points, gained 224.3 points or 3.12 percent over the close of the previous month.
09:05 GMT
The UAE and Qatar are in line for an upgrade to emerging-market status as early as this month, HSBC says, in a move that could help the two Gulf nations attract more investment.
07:30 GMT
Rising costs of living are squeezing the monthly budgets of pre-retirees and forcing them to dip into their savings pots just to continue repaying their debts.
06:32 GMT
Venezuela’s Pacific Rim Energy is interested in establishing a $200 million solar power plant in Jordan with generation capacity of 80 to 100 megawatts.
06:22 GMT
Egypt has begun implementing the first phase of a project to distribute petrol from depots to gas stations using smart cards as part of a plan to restructure the energy subsidies.