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The assistance to the families, in the form of land, villas, apartments or financing, will be extended over a year starting on May 8. (File photo)
May 02, 2016 - 08:00 GMT
Under Saudi Arabia's sweeping reform plan, the new housing package is part of the goal to increase the rate of home ownership among Saudis by five percent by 2020.
The agreement will also allow the two countries to cooperate in strengthening the technological and information infrastructure of the Bahrain Bourse. (File photo)
May 02, 2016 - 07:00 GMT
The new agreement between will allow companies to be listed in both the Egyptian Exchange and Bahrain Bourse.
The independent Australian-based Dunmore Consulting company estimates that the Hatrurim area contains from seven to eleven million barrels of oil. (Wikimedia Commons)
May 02, 2016 - 05:00 GMT
Israel Opportunity Energy Resources will begin drilling at the 94 square kilometer site in the Dead Sea area from November 2017.
Egyptian President Abdel-Fattah El-Sisi announced the allocation on Thursday at a Labour Day celebration.  (Parlmany)
May 01, 2016 - 16:45 GMT
The EGP100 million fund would go towards supporting workers in ailing sectors such as tourism.
The new power plant will be located 15km south of the capital Doha, adjacent to Qatar Economic Zone.  (Siemens)
May 01, 2016 - 13:00 GMT
The deal for Umm Al Houl combined cycle power plant is the second major power generation services order from Qatar in past six months, it stated.
In recent months, gasoline prices in Bahrain have been raised by nearly 60 percent. (File photo)
May 01, 2016 - 12:00 GMT
Despite tax increases on utilities, tobacco and alcohol, more efforts are needed to cut Bahrain's fiscal deficit, which is projected to reach 19.5 percent of GDP in 2016.
Etihad and partners Alitalia, Jet Airways, airberlin, Air Serbia, Air Seychelles, NIKI and Etihad Regional will help fashion’s insiders arrive, connect and present at the industry’s key moments throughout the year. (Twitter)

(Twitter)
May 01, 2016 - 10:00 GMT
Under the first multinational, multi-year airline sponsorship supporting the fashion industry, Etihad Airways becomes the official airline of fashion week events in New York, London, Milan, Berlin, Sydney and Mumbai.
Oman envisages Ras Markaz to be one of the largest oil storage hubs worldwide. (Shutterstock)
May 01, 2016 - 08:00 GMT
Financing for the construction of a strategic oil reserve 70km from Duqm requires global financing, according to Oman's oil minister.
Employees of the Saudi Binladin Group are seen at work in Mecca. (SPA)
May 01, 2016 - 05:00 GMT
Daily sit-in protests have become the norm as Binladin workers given the option to take urgent exit visas or wait for payment of arrears, some of which date back six months.
Qatar National Bank is one of the largest banks in the Middle East and the largest lender in MENA by assets. (Wikipedia)
April 28, 2016 - 12:00 GMT
Leaked documents allegedly include photos, bank details and contact details of customers including members of the Al-Thani family, Al Jazeera journalists and government officials.
Kuwait has announced plans to lay off 'unnecessary' expat employees in an effort to reduce the number of expatriates in the country. (File photo)
April 28, 2016 - 11:00 GMT
Kuwait continues to put the pressure on expats, who account for 70 percent of the population.
Dubai's real estate developers are expected to continue seeing robust revenues despite the challenges.  (Realestatedubaiproperty.com)
April 28, 2016 - 10:00 GMT
A combination of pressures including low oil prices will drive property prices down by ten percent and dampen expansion plans according to Standard and Poor's.
The Dubai Forum was hoped to be a chance for the ministry to woo tourist companies back to Egypt after the slump in touristic trade Egypt has suffered from in the last few years.  (File photo)
April 28, 2016 - 09:00 GMT
FTI, Germany's fourth-largest tour operator, accused the tourism minister of refusing to listen to the requests of trip organizers.
Dubai's 'Museum of the Future' will be built in 2017 using 3D printing construction techniques. (3D print)
April 28, 2016 - 08:00 GMT
Sheikh Maktoum has announced Dubai's new strategy to promote 3D printing technology in construction, medical products and consumer products.
Saudi Aramco plans to sell less than 5 percent of the company via an initial public offering. (File photo)
April 28, 2016 - 07:00 GMT
In addition to an IPO, the energy giant plans joint ventures, a focus on local recruitment, a sukuk issue and new management structure.
THAAD, or Terminal High Altitude Area Defense is an anti-ballistic missile system designed to shoot down ballistic missiles using kinetic energy. (Defensetalk.net)
April 28, 2016 - 05:52 GMT
Qatar's $12.7B budget deficit may delay the sale of a major Lockheed Martin THAAD missile system deal.