February 07, 2016 - 14:23 GMT
Banking sector profitability will be hit by slowdowns in lending, limited earnings growth, and squeeze liquidity.
February 07, 2016 - 14:07 GMT
The on again, off again discussions between Egypt, Sudan and Ethiopia resume in Khartoum to debate the technical reports from two French firms.
February 07, 2016 - 13:12 GMT
The International Air Transport Association (IATA) reports that the Middle East airlines carried the highest percentage of international travelers in 2015.
February 07, 2016 - 12:42 GMT
A new Bank of America Merrill Lynch report suggests that OPEC will have to increase production considerably to keep up with lower outputs from non-cartel producers.
February 07, 2016 - 11:50 GMT
With phone call rates among the highest in the world, Saudis and expats are rejoicing over the lifting of the ban on calls over the internet-based messenging service.
February 07, 2016 - 10:00 GMT
The new bi-monthly shipping route is part of Iran's grand plan to build a south to north economic corridor from Oman through to Turkmenistan.
February 07, 2016 - 09:11 GMT
The hybrid taxi fleet was beefed up last year after 147 hybrid taxis were added to the existing cars.
February 07, 2016 - 08:24 GMT
The Kurdish government has sold approximately 19 million barrels since it began independent oil exports in June.
February 07, 2016 - 05:43 GMT
The iconic British retailer has launched an online store and home delivery in the UAE, Qatar, Oman, Bahrain and Kuwait.
February 04, 2016 - 14:00 GMT
Despite the continuous downward spiral of oil prices, Goldman Sachs, Citigroup and a poll by Bloomberg predict a gain in prices by end year.
February 04, 2016 - 13:00 GMT
The luxury property developer aims to offer high quality accommodation at low prices, filling a much-needed gap in Dubai's housing market.
February 04, 2016 - 12:00 GMT
Two new explosive detectors will be installed at checkpoints on the road to Cairo International Airport.
February 04, 2016 - 11:00 GMT
A new study has found that the majority of the Kingdom's drinking water bottling plants do not comply with hygiene and environmental protection regulations.
February 04, 2016 - 10:28 GMT
The Solar-1 project will have an initial $2.65M investment and aims to produce 60,000 panels annually.
February 04, 2016 - 09:00 GMT
Barclays announced that it will close its Emaar Square offices in Downtown Dubai and cut jobs as part of a worldwide restructuring.