SAUDI 'MAY BACK MOVE'
Venezuela suggests oil output 'freeze' by all producers

Some Opec countries are trying to achieve a consensus among the group and key non-members for an oil production "freeze", sources familiar with the discussions say, in an attempt to tackle the global glut without cutting supply.

PROJECT TO CREATE 1,000 JOBS
Toyota plans $396m spend for Turkey engines plant

Toyota Motor Corp will begin production in Turkey by year-end of a new hybrid engine model with an investment of more than 350 million euros ($396 million), Toyota's chief executive of Europe, Johan van Zyl, said.

OVER 2,600 UNITS COMPLETED
Damac's 2015 net profit surges 30pc to $1.23bn

Damac Properties, a leading developer of high-end properties in the Middle East, said it has registered a net profit of Dh4.51 billion ($1.23 billion) for 2015, up 30 per cent over the previous year.

SPECIAL REPORT
Shock slump across European industry bodes ill for 2016

Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum.

ANALYSIS
What if oil stays below $50 until 2020?

What if oil prices remain stuck in a $25 to $50 per barrel range for the next 5 years? What will the world economy look like in 2020? How do different asset classes perform? Bank of America Merrill Lynch explores the scenario.

NEWS IN PICTURES
Singing at Sanremo

British singer Ellie Goulding performs on stage during the Sanremo Italian Song Festival at the Ariston Theater in Sanremo, Italy, on February 10. The 66th Festival della canzone italiana di Sanremo runs till February 13.

Gold surges to one-year high

Turkey's patience running out on Syria, warns Erdogan

Major Qatari sewage treatment plant starts operation

UAE-India ties 'set for major growth'

Growing supply ‘to hit UAE property rentals’

Oil falls on US storage glut, economic woes

Scramble for safety boosts gold and bonds

Russia proposes Syria truce in March

Pakistan signs 15-year LNG deal with Qatar

UAE's food firm Agthia eyes $1bn revenue by 2020

Saudi contractor Khodari eyeing private projects

Saudi contractor Abdullah A M Al Khodari & Sons, whose value of government contracts fell by almost half last year, is targeting more private-sector work and deals in the GCC region after cutting 8,000 jobs last year, said a report.

• New development projects launched in Madinah
• Major Qatari sewage treatment plant starts operation
• New real estate law 'vital for Abu Dhabi's growth'
• UAE real estate slowdown 'a minor correction'
• More Stories

Axiom Care continues GCC expansion

Axiom Care, the region’s largest after-sales service provider for mobile devices, axiom care, is continuing to expand ad currently has more than 25 service points in the region, which include eight in the UAE, and 17 in Saudi Arabia.

• Samsung Gear S2 unveiled in 'an array of colours'
• Nakheel collaborates with key Chinese retailers in Dubai
• DSF twin campaign bonanza draws to a close
• Fashion Forward Dubai earns DDFC endorsement
• More Stories

Pakistan signs 15-year LNG deal with Qatar

Pakistan said it has signed a 15-year agreement to import up to 3.75 million tonnes of liquefied natural gas a year from Qatar, a major step in filling Pakistan's energy shortfall.