Recent

The letter between Jordan and the IMF paves the way for the $700 million Extended Fund programme. (File photo)
July 27, 2016 - 08:00 GMT
A total of $700 million will be deposited at the CBJ over the years of the programme.
Dubai, UAE. (File photo)
July 27, 2016 - 07:30 GMT
UAE is fighting the economic downfall of decreasing oil prices by focusing on tourism, trade, and finance.
Middle East hotels saw mixed performances over the late spring and early summer. (File photo)
July 27, 2016 - 07:00 GMT
The Middle East's hotel sector saw a widespread decline in occupancy and slight increase in room price over the past quarter.
Ski Dubai, visible from the new Aspen Chalets. (AFP/File)
July 27, 2016 - 06:00 GMT
The Kempinski Hotel Mall of the Emirates debuted family-sized ski-chalet themed rooms with views of Ski Dubai.
As inflation rises, the value of Egyptian currency decreases. (Shutterstock)
July 27, 2016 - 05:00 GMT
Egypt's high inflation rate is only expected to climb in upcoming months.
A Palestinian boy sits amidst used clothes and items at the weekly flea market in the Nusseirat Refugee Camp, central Gaza Strip, on February 29. (AFP/File)
July 26, 2016 - 12:00 GMT
Many of those firms cited political instability, corruption, unreliable electricity supply and inadequate access to finance as factors that were holding them back.
Egypt, which has been facing foreign currency shortages, devalued the pound to 8.78 in March then hiked key rates by 150 basis points just days later to control inflation. (File photo)
July 26, 2016 - 11:00 GMT
The central bank put up its key rates by 100 basis points to their highest level in years at its last MPC meeting on June 16, a move economists said was meant to rein in surging inflation and ease downward pressure on the Egyptian pound.
The Solar Impulse 2 touched down in Abu Dhabi Tuesday morning, completing the first round-the-world trip of a zero-fuel plane. (Wikimedia Commons)
July 26, 2016 - 10:00 GMT
The trip took over a year to finish, breaking nine world records in the process.
BDS protesters in Italy. (AFP/Vincenzo Pinto)
July 26, 2016 - 09:00 GMT
Netanyahu said his government has defeated the international boycott movement by attacking it on 'many fronts'.
The sponsor has not extended the Iqamas (residence permits) of many of these workers. (Saudi Gazette)
July 26, 2016 - 08:00 GMT
The labor office told these workers that their case will be forwarded to the higher court. But it will take at least three weeks because of procedural issues, the workers were reportedly told.
State-owned institutions across Turkey, including Turkish Airlines, have begun firing anyone with alleged ties to Fethullah Gulen's religious movement. (Shutterstock)
July 25, 2016 - 16:05 GMT
The airline said in a statement the employees were sacked for connection to the Fethullah Gulen movement.
A new electronic media law in Kuwait is tightening restrictions on online publications. (Shutterstock)
July 25, 2016 - 15:41 GMT
Media companies based in Kuwait must now have a Kuwaiti owner, and existing companies have one year to comply.
A Turkish flag pictured in Gaziantep, southeastern Turkey. (AFP Photo/Ozan Kose)
July 25, 2016 - 14:00 GMT
They took out advertisements in newspapers in Germany, France, the U.K. and the U.S. on Monday, aimed at boosting the perception of Turkey following the July 15 coup attempt.
There has been an increase in cyber attacks, mainly motivated by corporate espionage. (File photo)
July 25, 2016 - 13:00 GMT
According to a recent report by Trend Micro, the mining industry is being targeted by cyber criminals.
Among Arab investors in Dubai, Jordanians came in first, followed by Egyptians and Lebanese. (File photo)
July 25, 2016 - 12:00 GMT
Overall, Arab investors contributed investments worth $1.9 billion in the first half of 2016.
Saudi women shopping in one of the country's many malls. (File)
July 25, 2016 - 10:02 GMT
A recent study by the Jeddah Chamber of Commerce and Industry revealed that closing shops early would have widespread negative economic impact.