Oil-dependent Kuwait has suffered from the 17 months of declining oil prices. (Al Bawaba/File)
November 30, 2015 - 00:55 GMT
Kuwait has replaced its oil minister with finance minister and deputy premier Anas al-Saleh as the country is squeezed by falling oil prices.
Some online retailers launched their Cyber Monday sales a few days early. (Al Bawaba/File)
November 29, 2015 - 23:51 GMT
Move over, Black Friday. UAE online retailers have jumped on the bandwagon with its global peers to launch Cyber Monday deals.
About 6.1 percent of Jumeirah's guests are Saudis. (Al Bawaba/File)
November 29, 2015 - 23:13 GMT
Jumeirah Group is planning to open branches in five major cities in the Kingdom of Saudi Arabia. These are Jeddah, Riyadh, Dammam, Madinah, and Makkah.
The New Suez Canal opened on August 6, 2015. (Al Bawaba/File)
November 29, 2015 - 22:55 GMT
President Abdel Fattah Al-Sisi decreed on Saturday that the area of the Suez Canal Axis Development project has been made an economic zone.
Saudi Aramco plans to start natural gas production at a field near Jordan. (OilPro)
November 29, 2015 - 12:28 GMT
Saudi Arabia is investing heavily in exploration, as demand for natural gas is expected to nearly double by 2030 from 2011's levels.
Jordan's 2004 census put the total number of the Kingdom’s population at 5.1 million. (Launchgood)
November 29, 2015 - 11:00 GMT
Over 25,000 people will be involved in conducting the ten-day exercise, in which refugees and temporary visitors are expected to be included alongside the national population.
Dubai's solar park will enter the second phase of development and will be the largest in the world upon completion. (Facebook)
November 29, 2015 - 09:59 GMT
Dubai's Clean Energy Strategy 2050 aims to provide 75 percent of the emirate's future energy from clean energy sources with a five-pillar approach.
BP, Royal Dutch Shell, Total, Schlumberger, Eni, Gazprom, and Statoil are some of the 137 companies are in attendance. (Petronoticias)
November 29, 2015 - 09:00 GMT
Tehran is presenting 50 oil and gas projects in a new contract format, with hopes for investment from some of the biggest names in the oil and gas industry.
Turkey's first nuclear power plant at Akkuyu will be built in Mersin by the Russia's Rosatom for $22B. (Real Estate News Turkey)
November 29, 2015 - 08:00 GMT
Russia's call for economic sanctions against Turkey puts the future of Turkey's first Russian-funded nuclear power plant project and Russian natural gas flows to Turkey in question.
Meezan Bank and Ufone have 10,000 points of service across 500 cities between them. (
November 29, 2015 - 07:00 GMT
Kuwait-based Meezan Bank and Ufone launch 'Meezan-Upaisa', while the State Bank of Pakistan' also taps the trend with new Islamic banking services.
IRENA Headquarters, Masdar City Abu Dhabi. (BSB Gulf)
November 29, 2015 - 05:55 GMT
The new Israeli representative mission will be attached to the inter-governmental International Renewable Energy Agency (IRENA)
Abdoun Bridge, Amman. (Twitter)
November 29, 2015 - 05:21 GMT
The new Memorandum of Understanding was signed during the first UAE-Jordan Economic Forum held in Amman last week.
“We have seen some significant international effort to eliminate funding lines off Daesh. This effort is being led by a number of Saudi officials,
November 26, 2015 - 16:49 GMT
The White House has praised the efforts of Saudi Arabia to cut off funding for the Daesh militant group, local media reported Wednesday.
The plastics manufacturing complex will enable Oman to produce polyethylene, the form of plastic in highest global demand. (Al Bawaba/File)
November 26, 2015 - 16:35 GMT
Oman's state-owned ORPIC has finalized negotiations with four preferred bidders for $4.5 billion worth of contracts to build a major plastic manufacturing unit called Liwa Plastic Industries Complex in Sohar.
According to real estate investment and advisory firm JLL, apartment prices fell by 11 per cent over the past year. (Al Bawaba/File)
November 26, 2015 - 16:19 GMT
With the tapering of the house price surge, a bottoming out in Dubai property market is likely to happen as prices are set to decline between three per cent and five per cent by the end of 2016.
November 26, 2015 - 15:45 GMT
The Kingdom of Saudi Arabia has become the first Arab country and the tenth internationally to join the protocol to eliminate illicit trade in tobacco products.