Recent

Economic growth in the country had been subdued ever since oil prices fell from record highs two years ago. (File photo)
July 21, 2016 - 13:00 GMT
According to the government, the new law will allow foreign investors 100 percent ownership in various market sectors.
Egypt's rail authority is facing significant losses. (Shutterstock)
July 21, 2016 - 12:00 GMT
The vital railway suffers from years of negligence due to the reliance on a manual system for maintenance and the signals system.
While the value of the Turkish lira has dropped, banks remain stable. (AFP/File)
July 21, 2016 - 10:00 GMT
Turkish banks and the deputy prime minister and reassuring foreign investors that the country's economy is still stable, despite recent events.
Prime Minister Hani Mulki attends the signing of a deal between Jordan and the EU on simplifying the rules of origin. (Photo courtesy of EU mission)
July 21, 2016 - 08:02 GMT
The major provision that is expected to make a difference is that the Europeans have allowed made-in-Jordan products to include more than 70 per cent of production inputs from non-local materials.
Lebanon's Shia movement Hezbollah acts as a parallel government in parts of the country, providing a range of social services. (AFP/Rouba El Husseini)
July 21, 2016 - 07:13 GMT
Salameh said the U.S. law must be enforced to keep Lebanon's banks within the global financial system and stabilize the hugely indebted economy as neighboring Syria's civil war hits tourism and growth.
The Middle East, along with Afghanistan and Pakistan, is set to see economic growth of 3.4 per cent this year and 3.3 per cent for 2017. (AFP/File)
July 21, 2016 - 06:41 GMT
World forecast, however, revised down to 3.1% in 2016 and 3.4% in 2017.
Built 146 years ago, the Suez Canal is one of the world's most heavily used shipping lanes. (AFP/File)
July 21, 2016 - 05:00 GMT
Monthly revenues have tumbled at the start of this year in January and February before climbing up again in March by 11.8 per cent compared to the month before, reaching EGP 3.477 billion.
Salalah Air has planned to ramp up its fleet size to 22 aircraft over the next five years. (File photo)
July 20, 2016 - 13:00 GMT
Salalah Air will link the capital of Dhofar with the main destinations in Oman for locals and tourists alike.
Big family conglomerates in Saudi Arabia are also under pressure from authorities to invest more in the economy now that oil prices are low. (File photo)
July 20, 2016 - 12:00 GMT
SBG has long enjoyed a privileged position in Saudi Arabia, but the group's future will remain under pressure in the face of new economic realities.
Barclays is divesting its Africa unit as part of a plan to simplify its structure and seek higher shareholder returns. (AFP/Carl Court)
July 20, 2016 - 11:00 GMT
Banks have now been invited to submit bids to takeover Barclays banks in Egypt, with the bank's equity value estimated around $400 million.
In addition to arm sales to the UAE, the US has separately approved the sale of 246 missiles and other equipment to Japan worth $821 million.  (AFP/File)
July 20, 2016 - 10:00 GMT
The US State Department has authorized the sale of 14,640 bombs and guidance kits to the UAE to fight Daesh in Iraq and Syria.
Online courses have a big impact on businesses because they are so much cheaper. (Shutterstock)
July 20, 2016 - 09:30 GMT
The rapid rise in numbers of professionals looking to undertake further education online is hampered by the lack of suitable courses, especially those delivered in Arabic.
The smart city will be completely sustainable and provide about 200 megawatts of electricity using photovoltaic roofs on homes and other premises.  (Photo courtesy of Gulf Business)
July 20, 2016 - 08:30 GMT
The Dhs 30 billion-Desert Rose City will cover an area of 14,000 hectares on Dubai-Al Ain Road, accommodating up 160,000 people.
The B/Attitude Spa in Dubai. (Buddha Bar)
July 20, 2016 - 07:30 GMT
Euromonitor International's report indicates that UAE captures more than 14 percent of MENA's flourishing health and wellness tourism.
The Central Bank of Jordan said that banks can invest up to 10 percent of their capital. (File photo)
July 20, 2016 - 06:30 GMT
The Jordan Investment Fund aims at investing in national development for-profit mega projects in strategic sectors like transportation, energy, water and infrastructure.

The project is divided into several phases and Empower will produce 30,000 RT by the fourth quarter of this year. (Nooz.com)
July 20, 2016 - 05:44 GMT
Empower will build up to six cooling plants in Jumeirah Village Circle and Jumeirah Village Triangle to provide 260,000 refrigeration tons (RT) for the 400 buildings.