“If you include Turkish and Iran Air, the order book comes to a massive 1,058 passenger aircraft,” said Maurice Faber, regional managing director of Olympus Middle East and Africa. (File photo)
January 22, 2017 - 13:30 GMT
Emirates, Etihad and Qatar Airways have added almost 650 new planes to their fleets, which will have a direct impact on the growth of ancillary industries such as maintenance.
Mubadala has interests in aerospace, oil and gas, semiconductors, information and communications technologies, utilities, capital investments, real estate and infrastructure.  (Mubadala)
January 22, 2017 - 12:28 GMT
The new Mubadala Investment Company, formed by the merger of the International Petroleum Investment Company (IPIC) and Mubadala Development Company, has combined assets of $125B.
Led by Saudi Arabia, all GCC countries are facing mounting deficit due to the plunging oil revenue.  (Shutterstock/Clicksahead)
January 22, 2017 - 10:00 GMT
Preliminary estimates indicate that Oman's 2016 budget deficit may overshoot initial forecasts by 60 percent, due to lower oil prices and higher spending.

Deal making in the finance and consumer goods sectors will drop slightly in 2017 before rebounding in 2018. (Shutterstock)
January 22, 2017 - 09:00 GMT
The outlook for M&A transactions, while uncertain in the short term due to geopolitical factors, is a more optimistic one in the years ahead, reveals Baker McKenzie's Global Transactions Forecast.
There’s probably less risk appetite in MENA than there is in other parts of the world, with people wanting to invest more in a proven business model than in a start-up.  (Shutterstock)
January 22, 2017 - 08:00 GMT
Securing funds is still a hurdle for MENA entrepreneurs looking to get their initiative off the ground.
Economic activity in the Kuwait's non-oil sector has continued to expand, albeit at a slower pace, reflecting the impact of lower oil prices.  (Shutterstock/
January 22, 2017 - 07:00 GMT
The IMF reports Kuwait has drawn on the General Reserves Fund (GRF), and to a lesser extent domestic bond issues, to finance its 17.5 percent deficit.
The temporary stamp duty would replace the capital gains tax, which has been postponed since May 2015. (File photo)
January 22, 2017 - 06:00 GMT
Egypt is considering reintroducing a stamp duty on stock market transactions.
The Report: Qatar 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.  (Shutterstock/Colour World)
January 22, 2017 - 05:15 GMT
Speaking ahead of its publication of The Report: Qatar 2017, Oxford Business Group says that Qatar's diversification efforts are set to pay off.
Universities in Beirut will each get one station of 12 bicycles, with the potential to add another if scheme proves popular.  (Facebook/Jawad Sbeity)
January 19, 2017 - 13:00 GMT
Bike 4 All, Beirut by Bike and the Municipality of Beirut have teamed up for the launch of a new bike sharing scheme originally aimed at university students.
Only the UAE and Kuwait are set to post surpluses by 2021, and analysts expect all GCC countries to remain in deficit in 2017. (File photo)
January 19, 2017 - 12:00 GMT
Analysts expect most GCC states to press ahead with substantial budgetary cuts from 30 per cent upwards in order to maintain balanced budgets regardless of signs of a gradual recovery in oil prices.
The State of the Future report was prepared in collaboration with 21 experts from organizations such as NASA, NYU Langone Medical Center, MIT, ConsenSys, and the SENS Research Foundation.  (Shutterstock)
January 19, 2017 - 11:00 GMT
UAE minister Mohammed bin Abdullah Al Gergawi released 'The State of the Future' report at Davos, containing forecasts in seven strategic sectors prepared in collaboration with international experts.
Yesterday’s protest followed a three-day strike over a new payroll system by national oil and gas workers last April. (AFP/File)
January 19, 2017 - 10:00 GMT
Kuwait Oil Company's union members are protesting at company headquarters over plans to privatise areas related to oil services in the coming two to three years.
The most pressing changes required include enhancing the efficiency of the labor market, to allow workers to quickly move, at low cost, from one job to another. (AFP/Fabrice Coffrini)
January 19, 2017 - 09:00 GMT
The report, “Accelerating Economic Reforms in the Middle East and North Africa,” outlines actionable policy recommendations across six priority areas.
Saudi Arabia’s Energy Minister Khalid al Falih at the World Future Energy Summit in Abu Dhabi.  (AFP/Nezar Balout)
January 19, 2017 - 08:00 GMT
Saudi Arabia’s Energy Minister Khalid al Falih believes that the oil market is moving in the right direction so as not to need an extension of the oil production cuts beyond June.
Cycling is one of the fastest growing activities in Dubai, with an ever-increasing number of events, initiatives and groups promoting the sport. (Shutterstock/Philip Lange)
January 19, 2017 - 07:00 GMT
The Nakheel Communities Cycling Masterplan by the Dubai developer will see an investment of $40.8 million to support the surge in cycling's popularity across the emirate.
Render of the Central Bank of Iraq, designed by the late Iraqi-born architect Zaha Hadid. (Zaha Hadid Architects)
January 19, 2017 - 06:00 GMT
The US guarantee is part of an international assistance package and an IMF supported reform program, and is expected to help Iraq access to low-cost financial tools to adopt institutional reforms and achieve economic stability.