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$6.3bn OIL ARREARS
Egypt govt pens energy debt payoff deal
Egypt's army-installed government has unveiled a timetable to pay $3 billion of $6.3 billion it owes to foreign oil firms, part of a campaign to revive confidence in an economy hammered by three years of political turmoil.
1
DEBT ISSUE NEXT WEEK
Qatar c.bank plans $1.1bn in bonds, sukuk
Qatar's central bank plans to issue 3 billion riyals ($824 million) worth of local currency government bonds and 1 billion riyals of sukuk next week, it said.
2
PACT TO LOWER TRADE BARRIERS
WTO overcomes last minute hitch to clinch key deal
The World Trade Organization (WTO) reached its first-ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion
3
INTERVIEW
Iran wants oil majors to revive ageing oilfields
Iran's leading oil negotiator says Tehran wants Western oil companies to revive its giant ageing oilfields and develop new oil and gas projects once sanctions are lifted.
4
HEALTH
Study questions whether vitamin D checks disease
Researchers cast doubt on the prevailing wisdom that vitamin D supplements can prevent conditions like cancer, diabetes and heart disease, saying on Friday low vitamin D may be a consequence, not a cause, of ill health.
5
IMAGE OF THE DAY
Sheen shines at Dubai film fest
US actor Martin Sheen arrives at 10th Dubai international film festival, in Dubai on December 6.
Top Trade News
 | Industry Sectors |
House prices hit new peak, led by emerging Asia
Booming housing markets in emerging Asia have pushed residential property prices to a new peak while Dubai topped the global index as house prices there rose more than a quarter over the last 12 months, followed by China, HK and Taiwan.
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Al Meera opens first 24/7 mall in Qatar
Al Meera, a leading retail chain in Qatar, has opened its first 24/7 supermarket at Doha in bid to offer a unique shopping experience to the customers.
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Egypt govt pens energy debt payoff deal
Egypt's army-installed government has unveiled a timetable to pay $3 billion of $6.3 billion it owes to foreign oil firms, part of a campaign to revive confidence in an economy hammered by three years of political turmoil.
More…
Oman fiscal surplus widens to $1.4bn
Oman's government budget surplus widened to 543.9 million rials ($1.4 billion) at the end of October from 339.9 million rials seen in the first nine months of 2013, data showed on Thursday.
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Anarchy at door, West starts to rebuild Libyan army
With Libya's army still in the making, Western powers are keen to halt chaos in the key European oil supplier and stop illicit arms spilling across North Africa.
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Firm plans to bring super jumbo jet to Bahrain
A Bahrain-based company is planning to bring the world's largest cargo aircraft - the Ukrainian-built Antonov AN-225, which is the size of a football field, to Bahrain within a year.
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Mideast airlines top global traffic growth in Oct
Middle East carriers reported the strongest year-over-year traffic growth in October at 14 per cent, benefiting from strong demand for business-related premium travel, particularly to developing markets such as Africa, a report said.
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Zain Bahrain on track to launch new network
Zain Bahrain has announced it has completed a key step paving the way for the launch of its new network by the first quarter of next year.
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Yemen regains ministry compound, 12 militants killed
Yemen said on Friday it had regained full control of its Defence Ministry compound in Sanaa a day after a militant attack, claimed by an al Qaeda-affiliated group, killed 56 people, including foreign medical staff.
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Toyota Corolla launched in the UAE
Following its regional premiere at the Dubai International Motor Show, Toyota has rolled out the all-new Corolla (both with 1.6L and newly introduced 2.0L engine) in the UAE.
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Arabtec inks $1.2bn UAE hospital contract
A consortium, including Dubai-based builder Arabtec Construction has won a contract from Abu Dhabi General Services (Musanada) for a new Dh4.4 billion ($1.2 billion) hospital project in Alain.
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Dubai set for star-studded charity event
Several leading international celebrities including actress Eva Longoria and Grammy Award winner, Ricky Martin will be in Dubai next week for the first edition of 'The Global Gift Gala,' a novel fundraising initiative.
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EU equity buys Cambridge Education for $304m
European private equity firm Bridgepoint has agreed to buy pre-university training provider Cambridge Education Group (CEG) from Palamon Capital Partners in a deal worth 185 million pounds ($304 million).
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WTO overcomes last minute hitch to clinch key deal
The World Trade Organization (WTO) reached its first-ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion
More…
