July 22, 2013
The tourism sector has experienced a subdued demand in July.
July 21, 2013
A worker’s strike on the Jordanian border has seen Saudi and other travelers, including truck drivers, delayed for hours.
Egypt said on Saturday it was very concerned that the Ethiopian government had not responded to an Egyptian invitation to discuss a dispute over a giant dam that Ethiopia plans to build on the Nile.
Oman is ramping up its efforts to build a 2,244-kilometre rail network that is expected to link major ports and neighbouring countries.
Saudi Arabia’s benchmark stock index reflecting a 3-day fall during the week, closed at 7,667.07 points last week, trimming only 23.31 points or 0.30 percent for the entire week.
Iran has not paid back any of its loans to the World Bank for more than six months, the bank said Thursday, a further sign of the strains on the sanctions-hit Iranian economy.
Tehran and Baghdad are set to officially sign an agreement for Iran to supply natural gas to neighboring Iraq’s Al-Baghdad and Al-Mansouriyah power plants, an Iranian official says.
The emirate of Abu Dhabi reported a drop in prices for 15 groups of building materials in June compared with the same period last year, latest data from the Statistics Centre Abu Dhabi (SCAD) showed.
July 18, 2013
Saudi Arabia aims to become the world’s foremost market for renewable energy with an aggressive investment budget of $109 billion.
Cyprus’ international lenders began reviewing how the island is meeting the conditions of its 10 billion euro bailout Wednesday, looking to see whether it should get the next tranche of aid.
Bank sources confirmed that the uptake of credit cards in the UAE is on the rise as more people have come to the UAE for work and the economy gets better.
Iran’s tax revenues are forecasted to amount to 450.8 trillion rials (about $18.1 billion) in the current Iranian calendar year.
More generic, cheaper medicines for common conditions like hypertension and cholesterol will be available within two years following a landmark decision by the UAE Ministry of Health.
Deposits in the Saudi financial system reached SR1.3 trillion by the end of May, adding SR70.5 billion YTD.
Iran is fully prepared to build small oil refineries in other countries should they show interest, Oil Ministry spokesman says.