Companies such as Siemens, Lukoil, and Gazprom are attending the show in Tehran. (Shutterstock)
May 05, 2016 - 12:56 GMT
Attendance is up 60 percent over last year, with a strong presence of European participants at the 21st International Oil, Gas, Refining and Petrochemical Exhibition of Iran.
Prior to the 2011 uprising foreign reserves were almost $36 billion. (File photo)
May 05, 2016 - 12:38 GMT
Egypt's foreign reserves increased by $449M but is still at less than half of the amount of pre-2011 levels.
The new stadium will be built on the site of Dubai Sports Club at Al Aweer area in Dubai. (Dubai Media Office)
May 05, 2016 - 10:15 GMT
Dubai's Mohammed bin Rashid Stadium will will be built at a cost of Dh3 billion and house 60,000 spectators.
The minister's visit “is part of Saudi policies to find alternatives to oil
May 05, 2016 - 09:00 GMT
Saudi's oil minister is in Khartoum to discuss cooperation on the Atlantis II project, which hopes to exploit the zinc, copper, silver and gold in the Red Sea area.
Motiongate Dubai will open in October 2016 and include five zones including Sony Pictures studios and Dreamworks Animation.  (Twitter)
May 05, 2016 - 08:00 GMT
The rights issue is part of Dubai Parks and Resorts' plan to raise $457M primarily to finance its sixth theme park, Six Flags Dubai.
The law would be mandatory, but does not cover setting rents which are subject to supply and demand. (Shutterstock/F Selivanov)
May 05, 2016 - 07:00 GMT
With 90 percent of leases deemed to be illegal, the new Ejar system is expected regularize tenancy agreements in the Kingdom.
Vodafone Qatar has yet to turn a profit after breaking Ooredoo’s monopoly in the country in 2009. (Facebook)
May 05, 2016 - 06:00 GMT
The telecoms company has announced 50 job cuts and the end of some perks, amounting to a 20 percent pay cut.
The Tawke field accounts for 50 percent of the production and 60 percent of the total oil exports from the Kurdish north. (File photo)
May 05, 2016 - 05:03 GMT
Regular payments by the KRG to Norwegian company DNO will allow further drilling and increased exports from Tawke oil field in Northern Iraq.
Ships carrying humanitarian aid for the Gaza Strip already unload their cargo at Ashdod Port. (Wikipedia)
May 04, 2016 - 13:00 GMT
The IDF’s former Southern Command chief has proposed the establishment of a Palestinian-run docking point at Ashdod, for goods bound for the Gaza Strip.
Around 220,000 Jordanians used to come to Lebanon by land but stopped visiting the country when the borders closed following the war in Syria. (File photo)
May 04, 2016 - 12:00 GMT
Tourism to Lebanon saw a minor boost over Easter but tourism is unlikely to recover without more promotion and political stability, experts warn.
Binladin is currently implementing massive projects worth a total of SR220 billion and is qualified to secure 15 projects valued at SR140 billion within the Kingdom and abroad. (File photo)
May 04, 2016 - 11:00 GMT
With debts of up to nearly SR30 million and the ongoing protests over unpaid dues an unwelcome spotlight, what are the options for the construction behemoth?
Additional planned improvements in 2016 include commencing operations of the SC Workers’ Skills Training Centre and hiring additional inspectors. (File photo)
May 04, 2016 - 10:00 GMT
Impactt Ltd has been hired in response to allegations that Qatar has not done enough to protect the rights of workers involved in construction of FIFA 2022 infrastructure.
India's Wipro's all-women technology park in Saudi Arabia aims to create 21,000 jobs by 2025. (File photo)
May 04, 2016 - 09:05 GMT
The new venture between Saudi Aramco, Princess Nourah University and Indian IT major Wipro will be the first-of-its kind IT hub serving multi-sectors.
The new BD300 fine for violating Bahrainisation laws was issued last month and is now in effect.  (Bahrain This Week)
May 04, 2016 - 07:59 GMT
Inspections will be increased and fines imposed for offences such as hiring ghost Bahraini workers in order to boost their expat employee numbers.
Almost 20 per cent of all tourists who visit Dubai include a desert experience. (Flickr/Creative Commons)
May 04, 2016 - 07:25 GMT
The new benchmarks include regulations covering safety, insurance, marketing, transport, logistics and environmentally sustainable practices.
Alpen Capital forecasts the number of students in the regional education sector would increase to 15 million by 2020. (Twitter)
May 04, 2016 - 07:04 GMT
Demographics, explosive demand for the international curriculum and lack of interest from local teachers are the main reasons behind the region's teacher shortage.