Economics
US aerospace giant Boeing Company has secured a contract valued at US$4bn to modernise the Royal Saudi Arabian Air Force's fighter jet fleet, according to the Pentagon.
Lebanon will complete linking telecom switchboards to a fiber-optics network in April 2013, paving the way for the launch of the fourth generation of mobile networks in major cities, the telecommunications minister said over the weekend.
Almost half of all workers in the UAE claim that they are not being paid enough, according to the findings of a study published on Sunday.
According to Bayt.com’s latest Consumer Confidence Survey, 47 percent of employees in the Gulf state are dissatisfied with their current level of compensation.
A gas pipeline feeding Yemen's only liquefied natural gas (LNG) export terminal will take around a week to be repaired following an attack on it last week, the country's oil minister was quoted as saying.
Companies
With average UAE consumers using a massive 16 tonnes of oil per person per year, the facilities management specialist Emrill and two of the world's biggest energy efficiency companies are attempting to reduce carbon emissions from UAE buildings by 40 per cent.
The Dubai Airport Freezone Authority, or Dafza, has entered into a memorandum of understanding with HSBC on Sunday, which will see the firms offering a range of added-value services to their customers.
Middle East airlines led the world in passenger traffic growth for September, the International Ait Transport Association has said.
According to Iata's global traffic returns, demand for Middle East airlines rose 13.3 per cent year-on-year compared to worldwide demand for passenger traffic of just 4.1 per cent above September 2011 levels.
Politics
Kuwaiti security forces fired tear gas to disperse a demonstration on Sunday by thousands of opposition supporters against new voting rules for parliamentary elections on December 1.
