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Egypt is set to finalize tenders for the mega project next month and award the contract to the winner in September this year. (File photo)
April 25, 2017 - 08:45 GMT
Global technology giants are in the race for a $1.6-billion power project being jointly developed by Saudi Arabia and Egypt.
The fashion footwear brand saw double-digit growth in Asia in 2016. (Facebook)
April 24, 2017 - 15:16 GMT
The company announced it is for sale.
The outrageous ‘Win a maid’ ad. (Twitter)
April 24, 2017 - 14:49 GMT
The recruitment agency lost its licence after it ran a competition to 'Win a maid’ in Bahrain.
On Saturday, Saudi King Salman made a rare reversal in cuts to financial allowances for civil servants. (AFP/ File)
April 24, 2017 - 14:20 GMT
Saudi Arabia posted a significantly smaller budget deficit in the first quarter than projected, according to reports.
The reported ban might have been put in place due to increasing levels of chemical pesticide residues in Jordan's agricultural products. (AFP/ Menahem Kahana)
April 24, 2017 - 11:22 GMT
News reports have indicated that the UAE took a decision to indefinitely ban the import of Jordanian vegetables.
Oman has now made it easier for tourists from Iran, India, China and Russia to visit the country with a new e-Visa system. (Pixabay)
April 24, 2017 - 10:14 GMT
Oman has raised its short stay tourist visa from $13 to almost $52.
Last year, thousands of migrant workers in Saudi Arabia were stuck without a job or pay. The issue was particularly felt in construction companies such as Saudi Oger and Saudi Binladin. (AFP/ File)
April 24, 2017 - 09:41 GMT
Saudi Arabia announced the launch of a plan to open bank accounts for domestic workers to guarantee they get their wages.
The French private equity firm will invest $1.75 billion to acquire a majority stake in an existing $2.5 billion Mubadala equity portfolio (AFP/ File)
April 24, 2017 - 06:00 GMT
UAE-based Mubadala has announced a $2.5 billion investment deal with a French private equity firm.
In April 2017, Tunisia announced a new investment law that aims to ensure equity between domestic and foreign investors. (File photo)
April 23, 2017 - 20:00 GMT
Foreign direct investment in Tunisia grew by 16.6 percent in the first quarter of 2017.
Bebe lost $13 million in the first half of its fiscal year. (Shutterstock)
April 23, 2017 - 16:59 GMT
Fashion retailer Bebe said it plans to close all its stores by the end of May.
The new plant is expected to contribute to solving the problem of transmission bottlenecks in Al-Baqair and Soba industrial zones. (File photo)
April 23, 2017 - 16:43 GMT
Sudan signed a $200 million loan agreement to build a new power station in the suburbs of Khartoum.
The current balance of trade is not in Lebanon’s favor. (Shutterstock)
April 23, 2017 - 16:15 GMT
Lebanon has signed a new agreement with Russia to facilitate the entry of more Lebanese-made goods.
A fresco at Quseir Amra desert castle near the capital Amman. (Pixabay)
April 23, 2017 - 15:34 GMT
Jordan announced that its tourism revenues rose by 14 percent in the first quarter of 2017.
The gold mine is owned by the Saudi Arabian Mining Company (Maaden) and will be joining other operating gold mines owned by the company. (Shutterstock)
April 23, 2017 - 14:43 GMT
Saudi Arabia is launching its biggest gold mine ever.
The French will go to the polls today to pick their new president. (AFP/ Joël Saget)
April 23, 2017 - 13:38 GMT
Hollande has failed on so many fronts, but his inability to revive the economy must have been his biggest failure ever.
King Salman has sacked key officials, including the head of the army embroiled in Yemen's conflict. He's also scrapped cuts made last year to state employees' pay, prompted by oil revenue falls. (AFP/ File)
April 23, 2017 - 13:01 GMT
King Salman initiated wide-ranging shake-ups via royal decrees late Saturday.