February 11, 2016 - 07:30 GMT
Delayed payments to gas and oil companies stem from 2011, but half of the $6.3B has already been repaid in the last two years.
February 11, 2016 - 06:45 GMT
Import taxes on tobacco in Bahrain has jumped from 100 to 200 percent, while imported alcohol duty is now 225 percent from 125 percent.
February 11, 2016 - 05:28 GMT
With the decline of oil prices is forcing GCC countries to look for alternative options to meet the costs of ongoing infrastructure projects, enter PPPs.
February 10, 2016 - 14:00 GMT
As Saudi Arabia looks for ways to boost tourism, it is turning to Morocco for their expertise.
February 10, 2016 - 13:30 GMT
Despite increased passenger numbers, profits from Dubai's second largest airline dropped from Dh240M to Dh100.7M due to 'challenging business conditions'.
February 10, 2016 - 13:00 GMT
Movie-lovers can now have the best of both worlds as OSN and Gulf Film have signed a six-year exclusive partnership through 2021 for premium film content.
February 10, 2016 - 12:00 GMT
Beltone's acquisition by Naguib Sawiris and two former ministers has prompted a new change in investment strategy.
February 10, 2016 - 11:00 GMT
Quiet diplomatic efforts are underway to restore relations after the fallout stemming from the EU decision to label goods made in West Bank settlements.
February 10, 2016 - 10:00 GMT
Kuwait's airline has moved out of a $9M loss, thanks in part to divestment of its fully-owned leasing business.
February 10, 2016 - 09:15 GMT
Approximately 70 percent of 26,000 units in Dubai will not be completed as planned, due to financial issues or contractual disputes.
February 10, 2016 - 08:26 GMT
Over 200 delegates from across MENA are meeting in Sudan to discuss trends in Islamic finance and how it can be used to spur economic growth across the region.
February 10, 2016 - 07:02 GMT
Saudi Arabia's Etihad Etisalat Mobily has signed an agreement with Vodafone that will permit roaming in 21 countries.
February 10, 2016 - 06:19 GMT
The 18-month project will be carried out in cooperation with the Netherlands and Sweden to create a buildings database using modern technologies.
February 10, 2016 - 05:08 GMT
After nearly a dozen tripartite talks between Egypt, Sudan and Ethiopia, progress is finally being made in selecting the consultancy firms.
February 09, 2016 - 14:00 GMT
The United States has pledged an additional $133M for humanitarian assistance in Lebanon, while $290M will be used for education in Lebanon and Jordan.