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Jeff Bezos added $1.5 billion to his fortune after Amazon gained $9 billion in market value following the Souq.com deal. (AFP/David Ryder)
March 30, 2017 - 21:52 GMT
Jeff Bezos's net worth is now $75.6 billion, according to Bloomberg.
The airline is going through a crisis, which has a big impact on revenue and profits. (Shutterstock)
March 30, 2017 - 14:00 GMT
The flotation of the Egyptian pound augmented air carrier EgyptAir's already significant losses, according to Egypt's Civil Aviation Minister.
The award will be granted annually to industrial innovations that serve the humanity and contribute to re-building the world economic prosperity. (Shutterstock)
March 30, 2017 - 13:12 GMT
The UAE has launched a 'prosperity award' to promote the culture of innovation and celebrate industrial innovations that serve the humanity.
The report shows that Saudi Telecom Company (STC) is the most valuable brand in the country worth $6.6 billion. (Shutterstock)
March 30, 2017 - 12:32 GMT
In the first ranking of its kind, a global research has revealed that the top 20 brands in Saudi Arabia are worth a combined value of $37 billion.
The scope of work includes construction of 37-km-long roads, which consist of three lanes in each direction, with two safety lanes and nine multi-storey intersections. (Pexels)
March 30, 2017 - 12:12 GMT
Egypt's Arab Contractors Company has won a KD170 million ($561.4 million) contract in Kuwait to develop the strategic Nuwaiseeb Road.
The estimated cost of the project, to be built on 1.2 million square meters, amounts to SR1.3 billion ($346.6 million). (Pixabay)
March 30, 2017 - 11:31 GMT
Saudi Arabia and Jordan signed an agreement to build a medical city for rehabilitation and treatment in Riyadh.
The offer valid for passengers with first and business class tickets on all Etihad flights to the US. (File photo)
March 30, 2017 - 10:23 GMT
US-bound passengers flying with Etihad Airways will be given free Wi-Fi and iPads during their flight, the airline said on Wednesday.
Qatar is the second largest exporter of natural gas in the world. (Pixabay)
March 30, 2017 - 09:36 GMT
The Qatari Minister of Energy and Industry stressed that the strategy of Qatar's energy sector will focus on renewable energy in the coming phase.
The market for second-hand cars is feeling the impact of the new fess on expatriates announced by the Saudi government. (Pixabay)
March 30, 2017 - 07:43 GMT
Demand for used cars has dropped sharply in Saudi Arabia due to the departure of a large number of retrenched expat workers, reported an Arabic daily.
Saudi Arabia is launching many initiatives to boost the growth of SMEs. (File photo)
March 29, 2017 - 14:00 GMT
Saudi Arabia’s parallel market Nomu is likely to help boost the growth of small and medium enterprises (SMEs).
Souq.com's CEO Ronald Mouchawar declined to give price details of the Amazon deal, which is estimated to be worth $580m to $750m. (File photo)
March 29, 2017 - 13:01 GMT
Ronaldo Mouchawar, the CEO and co-founder of Souq.com, will stay on in his current role to lead Amazon’s e-commerce business in the Middle East.
The report covers the largest banks in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, and the UAE. (File photo)
March 29, 2017 - 12:13 GMT
According to a new report, al countries in the GCC had to deal with a negative development in profits in 2016.
Saudia is offering 20MB free internet service on board its flights to the US and the UK. (AlBawaba)
March 29, 2017 - 11:35 GMT
Saudia airline is providing some additional services for its passengers bound for the US and the UK in the wake of the recent ban on electronics.
The project aims to reduce electricity costs by generating electricity from solar energy. (AFP/File)
March 29, 2017 - 11:20 GMT
Jordan and Germany on Tuesday signed a $47.5M (€44M) grant agreement to fund an energy supply project for Syrian Refugees.
Under the new agreement Oman Air will connect travelers to 59 destinations across Europe and North America from Lufthansa’s Frankfurt and Munich hubs. (Shutterstock)
March 29, 2017 - 10:38 GMT
Oman Air is continuing its expansion across Europe and North America by signing a new partnership agreement with Lufthansa.
Egypt's declining economy needs all the help it can get. (AFP/File)
March 29, 2017 - 09:59 GMT
Egypt is resuming its negotiations with the G-8 countries regarding its economic and social reform programs.