This transaction constitutes the third investment of EuroMena III after its recent investment in Elephant in Nigeria and Jasmin in Tunisia. (The Daily Star)
June 29, 2016 - 13:00 GMT
The leading Lebanese bank has received the investment by the private equity fund to boost growth and development plans in the Middle East and Africa.
The recovery for crude oil prices comes as economic leaders meet in Portugal to review coordinated monetary policies in the globalized world. (Shutterstock)
June 29, 2016 - 12:00 GMT
After two days of heavy losses following Britain's decision to leave the EU, the price for Brent crude oil was up 2.7 percent yesterday at $48.42 per barrel.
The Kingdom's credit rating by Moody's is currently  B1 stable.
June 29, 2016 - 11:00 GMT
The statement was issued in a comment on the three-year Extended Fund Facility (EFF) that was announced between Jordan and the IMF and is pending approval by the IMF executive board.
Workers outside the explosions and attacks site outside Ataturk airport's international arrivals terminal. (AFP/Ozan Kose)
June 29, 2016 - 10:13 GMT
Emirates, Etihad Airways and Qatar Airways all cancelled flights to Turkey's Ataturk airport after assailants opened fire and bombed Europe's third busiest airport, killing 36 people.
Dubai Parks and Resorts recently raised AED 1.68 billion in an oversubscribed rights issue to raise funds for a SIx Flags theme park in Dubai. (Wikimedia Commons)
June 29, 2016 - 10:00 GMT
New Saudi theme park gets the go-ahead after Dubai ruler clarifies that 'exclusive GCC deal' with the US company includes both Dubai and Saudi Arabia.
A combination of economic and political uncertainty had created a 'perfect storm' in favour of the yellow metal. (Shutterstock)
June 29, 2016 - 09:00 GMT
Prices for the safe-haven metal soared above £1,000 per ounce in London to its highest peak in three years.
The Financial Action Task Force called on countries to
June 29, 2016 - 08:00 GMT
The financial watchdog is optimistic over Iran's new anti-money laundering plans, but will keep Iran on its blacklist pending full implementation.
Listeners complained last week that the stations were off-air, with some claiming an Abu Dhabi classical music station was playing instead. (
June 29, 2016 - 07:00 GMT
After a week of irregular programming, owner Abu Dhabi Media Group has reclaimed the licence for the two radio stations from the current managers Gulf News Broadcasting.
Fitch said it expects general government debt to rise to nearly 80 percent of GDP in 2016 from around 62 percent of GDP in 2015, well above the 'BBB' and 'BB' medians of around 40 percent. (File photo)
June 29, 2016 - 06:00 GMT
Fitch said in a statement that lower oil prices are causing a "marked deterioration" in Bahrain's fiscal position, and expects the budget deficit to widen to 15.4 percent of the GDP in 2016.
Passengers enter the Ataturk airport International arrival terminal a day after a suicide bombing and gun attack targeted Istanbul's airport, killing at least 36 people.   (AFP/Ozan Kose)
June 29, 2016 - 05:23 GMT
Istanbul's International Airport has resumed operations hours after 36 travellers were killed and nearly 150 injured in a bomb and gun attack in the early hours of Wednesday morning.
The output of Al-Shaheen oilfield over the last 22 years hit 1.6 billion barrels at a daily rate of 300,000 barrels which represent nearly 40 percent of Qatar's total oil output. (File photo)
June 28, 2016 - 13:00 GMT
The French oil giant has won the bid to develop the Qatari oil field, and will own 30 percent of the joint venture with QP.
Tourists take a camel ride to visit the Bedouin village at Wahiba Sands. (Oman Tourism Ministry)
June 28, 2016 - 12:00 GMT
A survey by Oman's Ministry of Higher Education has found that oil and gas positions, up until last year the most sought after jobs, have slumped, replaced with careers in tourism, hospitality and banking.
Investcorp said it’s European team had witnessed the most active period in its 30-year history over the last 12 months, having signed four new deals and exited eight European portfolio companies. (Shutterstock)
June 28, 2016 - 11:00 GMT
Following its acquisition of SecureLink in 2015, the Coresec purchase is in line with Investcorp's vision of creating a pan-European cyber security specialist.
The chief executive of IAG’s Aer Lingus, Stephen Kavanagh, said on June 1 that the UK might have to renegotiate its air services agreements with other countries, including the EU, if it leaves. (File photo)
June 28, 2016 - 10:00 GMT
Gulf airline chiefs have declined to comment on Britain's referendum results, but currency volatility, reduced profit growth and agreements permitting air connectivity are a major concern.
The first phase will begin with the construction of a 3-star hotel, which is expected to be completed in the first quarter of 2019. (Oman Tribune)
June 28, 2016 - 09:00 GMT
Al Khonji Real Estate has been granted permission to develop the 661,000 square metres site which will include a commercial and residential complex and amusement park.
France is Saudi Arabia's third largest trading partner. (AFP/Stephane de Sakutin)
June 28, 2016 - 08:00 GMT
After yesterday's visit with President Hollande, Deputy Crown Prince Mohammed bin Salman will meet with French leaders to finalise major pacts in various fields.