According to the Central Bank of Egypt, international foreign reserves reached their highest level this year in April. (Al Bawaba/File)
October 08, 2015 - 17:36 GMT
Egypt’s foreign reserves decreased by $1.76bn of their value in September, reaching $16.334bn, compared to $18.096bn in August, the Central Bank of Egypt (CBE) announced on Wednesday.
A UAE passport allows holders to travel to 113 countries without a visa. (AFP/File)
October 08, 2015 - 17:09 GMT
The UAE has the most powerful passport in the Mena region, which lets Emiratis travel to 113 countries visa-free, a report said, highlighting that it is the first Arab country to be granted a European visa waiver.
The shifting sands of the Rub'al Khali Desert presented a major challenge in construction. (Flickr/for illustrative purposes only)
October 08, 2015 - 14:00 GMT
New road between Saudi Arabia and southern Oman cuts the distance by 800km, and passes through 600,000 sq km of barren desert.
The 2013 Dubai Airshow saw Emirates place multi-billion dollar orders for new aircraft. (Adeco)
October 08, 2015 - 10:30 GMT
A record number of exhibitors and visitors are expected for the week-long industry event starting November 8.
King Salman ordered SR1 million in compensation for the kin of each of the dead or permanently disabled victims and SR500,000 for the injured. (AFP/File)
October 08, 2015 - 07:10 GMT
As committees begin the compensation process for victims' families, King Salman warns that the payments will not protect the Binladin Group from private lawsuits.
Medical tourists are coming for a range of treatments from plastic surgery and orthopaedic operations to infertility treatments. (Shutterstock)
October 08, 2015 - 06:36 GMT
Visitors to Dubai's health care facilities reached 260,000 in the first half of 2015 alone.
Telecom revenue is the treasury's second largest source of income. (Arabsolaa)
October 08, 2015 - 05:40 GMT
Lebanon's Tender Office must uphold the Shura Council decision to allow Orascom to bid for the lucrative operation of one of Lebanon’s cellular networks.
Firnas Airways hopes to serve the UK's large Muslim population. (Twitter)
October 07, 2015 - 23:09 GMT
UK-based Firnas Airways has launched a Gulf funding campaign in a bid to raise the $50 million it requires for expansion.
Emirates Islamic Bank CEO Jamal bin Ghalaita announced the Index at the 2015 Global Islamic Economy Summit. (Al Bawaba/File)
October 07, 2015 - 15:54 GMT
Emirates Islamic on Monday launched the UAE's first Islamic Banking Index. Its findings highlighted a significant opportunity for the growth of Islamic banking in the UAE.
Both the KRG and the central government in Baghdad are insisting that they have fulfilled the conditions of the agreement. (Shutterstock)
October 07, 2015 - 13:37 GMT
The Kurdish Regional Government exported 18.6m barrels of crude oil, despite the ongoing issues with Baghdad over oil payments.
Iraq has introduced provisions for widening its tax base. (
October 07, 2015 - 13:14 GMT
A recent Deloitte report states that Iraq still offers numerous investment opportunities despite complicated tax laws.