December 08, 2016 - 07:00 GMT
Mecca continues to enjoy high hotel occupancy rates from religious tourism, but permanent residents are being largely priced out of the city center, according to JLL's report on the holy city's real estate market.
December 08, 2016 - 06:03 GMT
A consortium led by the Chairman of Arab Bank is expected to conclude the billion-dollar deal in January 2017.
December 08, 2016 - 05:39 GMT
Oil prices retreated for the second day in partial response to statements from Iran's president that his country could sell as much oil as it sees fit.
December 07, 2016 - 12:30 GMT
The decision to raise printing prices by up to 80 percent will have a catastrophic effect on Egypt's print media, some of whom have called on the government to lift customs duties related to the print industry.
December 07, 2016 - 11:30 GMT
Demand for Saudi's HVACR (heating, ventilation, air-conditioning and refrigeration) goods and services is expected to grow, fuelled by the rise in the Kingdom's construction projects.
December 07, 2016 - 09:40 GMT
Issues of trade and security were the main topics of discussion between the British premier and the leaders of GCC member states during the 37th GCC Summit.
December 07, 2016 - 08:50 GMT
Egypt's central bank has signed a deal with the People's Bank of China for a three-year bilateral currency swap valued at 18 billion yuan.
December 07, 2016 - 07:00 GMT
Exhibition Afghanistan, a five-day event aimed at promoting Afghan products and connecting buyers to sellers, kicked off yesterday in Dubai.
December 07, 2016 - 06:16 GMT
Fitch Ratings reports that while Islamic financing growth has slowed, growth was still ahead of conventional banks and is likely to stay in single digits in 2016.
December 07, 2016 - 05:40 GMT
The new facility is the cornerstone of Kuwait's new national cultural district and will will showcase performing arts and create a world-class theatre quarter.
December 06, 2016 - 12:00 GMT
IMG Worlds of Legends will feature nine zones spread across more than 2 million square feet with global brand licensing from Ubisoft, Mattel, Nickelodeon, Saban Brands, Pokémon, Cartoon Network and more.
December 06, 2016 - 11:00 GMT
A growing population in the GCC, coupled with stable industries and a stable currency will help attract more suppliers who may be looking to diversify their presence away from the US and Europe.
December 06, 2016 - 10:00 GMT
UBS has released its 'Prices and Earnings' study showing how much purchasing power workers have in cities around the world.
December 06, 2016 - 09:00 GMT
Following consultations between the World Gold Council, Islamic scholars and and AAOIFI, standards have now been set by which financial institutions can apply Sharia principles in the direct physical handling of gold.
December 06, 2016 - 08:00 GMT
MENA is the only region to achieve double digit growth in passenger traffic for the last twenty-five years, and Arab airlines will need to boost their fleets to keep pace.