News


News from the MENA region


As the Greeks celebrate, regional markets and commodities continue to feel the impact

Greece No vote fallout: The Athens government today restarts financial aid talks, as experts analysis how Gulf and global markets, gold and oil prices and the major currencies have reacted


FIFA bans Qatar 2022 bid inspector for seven years

Ethics committee bans Harold Mayne-Nicholls, who led the teams which inspected the bids to host the 2018 and 2022 World Cups


UAE says women will play key role to shape country’s future

Dubai ruler Sheikh Mohammed says he will spare no effort to create environment for women to fulfill roles


Kuwait said to detain 26 over mosque suicide bombing

Local media quotes public prosecutor as saying that four women are among those arrested


Inside the Saudi prison that’s home to new wave of jihadis

Until last year, the population of inmates at security prisons like Ha’er had been dropping but that trend has reversed recently


Emaar Misr listing makes weak debut on Egyptian stock market

Listings by the Egyptian unit of Dubai’s Emaar Properties was the largest in Egypt since 2007


Volvo unveils prototype electric buses

Concept vehicles could be rolled out in the MidEast if tests in Europe prove successful


Egypt says 25 militants killed in air strikes as Sisi inspects troops

Move comes as Egyptian president visited the province after a major escalation of the conflict


Jennifer Aniston among LA residents hitting out at mega-mansions being built by rich Arabs

Actress is one of many Bel Air and Beverly Hills homeowners who have spoken out against the gigantic mansions


UAE’s Dana Gas says wins favourable ruling in $1.9bn Kurdistan dispute

Abu Dhabi-listed firm filed an arbitration case in London in Oct 2013 to obtain payments for products it had delivered


Tunisia’s president declares state of emergency after hotel attack

Tunisia’s emergency laws temporarily give the gov’t more executive flexibility, hand the army and police more authority


Saudi says wanted militant is killed in exchange of fire

Youssef al-Ghamdi was surrounded by police in a home in the western city of Taif when he refused to give himself up


Prince Alwaleed to gift 10,000 homes, cars to Saudis in need

Alwaleed Philanthropies will distribute 1,000 per year; move comes just days after prince announced plans to give $32bn fortune to charity


Affordable Home Show to debut in Dubai as demand grows

Organisers to bring exhibition to emirate in November as city looks to diversify its real estate offering away from the luxury sector


Car giant Daimler appoints new Middle East chief

Mark De Haes is appointed as president and CEO of Daimler Middle East & Levant to drive growth


UAE, Qatar bid to host for world swimming championships

Abu Dhabi/Dubai and Doha in frame to win rights to host championships in 2021 and 2023


Global food giant shakes up MidEast execs to drive growth

Mondelez International, the firm behind Oreo biscuits and Cadbury Dairy Milk, appoints new leadership team in region


Saudi economy accelerates in Q1 but may not be sustained

Latest figures indicate Saudi Arabia has offset the impact of oil’s 50% plunge since mid-2014


Trade at Dubai free zones said to reach $140bn this year

Business sources say value of trade set to increase by 5-7% in 2015 compared to previous year


Qatar Airways says to upgrade routes across global network

Doha carrier to add flights to Dubai, Jeddah, Peshawar, Kuala Lumpur, Belgrade, Sofia, Asmara, Djibouti, Najaf, Luxor, Salalah and Zanzibar


UAE’s Yahsat launches broadband services in Pakistan

Tech firm says customers across Pakistan will now be able to connect to satellite broadband to avoid congested networks


Oil prices forecast to rise over next two years on demand growth

Reuters poll of 31 analysts predicts that prices will remain stable to average $62 for remainder of 2015


New $62m RAK shopping mall set to be completed in Q3 2016

Expansion work at Manar Mall in Ras Al Khaimah will see the net leasable area at the mall rise from 30,000 to 60,000 sq m


More than 100 dead as ISIL militants, Egyptian army clash in North Sinai

ISIL’s Egyptian affiliate, Sinai Province, had claimed responsibility, saying it attacked more than 15 security sites and carried out three suicide bombings


Dubai firm invests in plan to build African schools

Dubai-based Investbridge Capital partners to set up firm to invest hundreds of millions of dollars in education


Why I’m giving all my wealth away

HRH Prince Alwaleed pledges to donate his entire wealth to the Alwaleed Philanthropies


Kuwait assembly approves 2015-16 budget, $27bn deficit

Deficit assumes an oil price of $45 per barrel; expected to tighten if oil prices trade in mid-$60s range


Kuwait casts doubt over refinery project with China

Oil minister says not ready to proceed with China refinery project unless it achieves ‘sufficient benefits’


Al Qaeda suspects among around 1,200 escaped convicts from Yemen prison

Incident is the biggest in a series of prison breaks that have freed Yemeni militants in recent years


From London to Iran, the latest contemporary mosque designs from around the world


Emirates says report debunks subsidy, unfair competition claims

Dubai airline releases detailed response to allegations made by US legacy carriers which are described as ‘repugnant’


Abu Dhabi said to mull state-backed merger for troubled TAQA

Sources say Abu Dhabi may merge its national energy company into another state-owned business


Dubai reveals plan for world’s first 3D printed office building

Project is the first major initiative of the Museum of the Future; will serve as temporary HQ for staff


Kuwait mosque attack shows Gulf vulnerability to ISIL

ISIL is adept at exploiting vulnerabilities with its violently puritanical message and call to an Islamist utopia


UAE to add ‘leap second’ to standard time on July 1

Move by Emirates Metrology Institute will conform with other timing centres around the world


Iftar review: The Farm, Al Barari

Surrounded by dense botanical gardens and landscaped lakes, the restaurant invites guests to reconnect with the environment,


Ruling in Egypt trial of Jazeera journalists set for July 30

Date set for ruling in the retrial of two Al Jazeera television journalists previously sentenced to seven to 10 years in prison


Nakheel inks $149m deal for 23.5km coastal work at Deira Islands

Dubai master developer hires Van Oord to deliver beaches, quay walls, rock edges and breakwaters at new tourism hub


Focus: A guide to Iranian nuclear talks

Iran and six world powers – the US, UK, France, Germany, Russia and China – are in what may be the final phase of negotiations


Iran releases American jailed on spying charges, say family

Amir Hekmati was convicted of espionage, an initial death sentence was commuted to a 10-year prison term


Gulf share prices fall on militant attacks, Greece crisis

Kuwait stock index edges down after ISIL suicide bomber kills 27 people in mosque attack


Gov’t support to Gulf airlines is ‘legitimate’ – European airports body

New report by the European Travel Commission & Airports Council International supports the Gulf carriers in ongoing subsidies row


Abu Dhabi’s ADIB says shareholders back $137m rights issue

Abu Dhabi Islamic Bank shareholders also back plans for issuing sukuk to boost capital to $3bn


Coordinated or not, attacks show ISIL’s growing reach

Attacks in France, Kuwait and Tunisia kill dozens on one day


Abu Dhabi seal Volvo Ocean Race double

Team secures only the second offshore/in-port double in the 41-year history of the triennial event


Kuwait arrests driver of car that drove suicide bomber to mosque

OPEC member state Kuwait says it has stepped up security at Kuwait Petroleum Corp after attack that killed 27