Recent

Saudi is encouraging FDI in order to balance its $98B budget deficit. (File photo)
February 08, 2016 - 14:00 GMT
A Saudi committee is examining the possibility of removing the requirement of having a local partner in order to promote foreign direct investment.
Electrosteel's business of distributing the company’s products is logistically demanding, and involves a high cost with transporting huge volumes of cargo. (Electrosteel Castings)
February 08, 2016 - 13:00 GMT
The new facility will become the regional hub for the India-based company, the world's third largest producer of ductile iron pipes.
Sharm El Sheikh has been suffering huge loses and low occupancy rates. (Middle East Collection)
February 08, 2016 - 12:00 GMT
Solving the tourism crisis in Sharm El-Sheikh requires unconventional solutions, such as a mega-mall, world-class stadium and an international theater, says the IDBE chairman.
Barack Obama has sent a video of congratulations to the UAE as it hosts the three-day event, during which Sheikh Mohammed is expected to announce major structural changes in the government. (Image courtesy of Trade Arabia)
February 08, 2016 - 11:04 GMT
The World Government Summit will discuss the future of eight vital sectors for development, such as education, healthcare, labor, innovation and government action.
Sultan Taymoor Grand Mosque in Muscat. (Twitter)
February 08, 2016 - 11:00 GMT
Oman's government must dig deep to make up for the shortfall in revenue due to nose-diving oil prices.
The Bahrain Academic Complex was the first school in the Zaatari refugee camp and houses 16 classrooms and one nursery. (Xinhua/Mohammad Abu Ghosh)
February 08, 2016 - 10:00 GMT
Plans for the new school follow the success of the Bahrain Academic Complex in Zaatari refugee camp, which teaches 9000 students a year.
Will Lebanon's consumers have to bear the burdens of failed policies? (File photo)
February 08, 2016 - 09:00 GMT
With Lebanon's fiscal situation in a precarious state, the question over how a proposed gasoline tax should be funded is igniting debate.
Aerial view of Hamad International Airport. (Construction Week Online)
February 08, 2016 - 08:00 GMT
New tenders include phase one of a $15B passenger and freight network and an estimated $2B expansion of Hamad International Airport.
 Israeli security forces advancing on the village of Qabatiya, near the West Bank town of Jenin on February 6, 2016. (AFP/Jaafar Ashtiyeh)
February 08, 2016 - 07:00 GMT
The move follows deadly clashes in the West Bank village last week.
The French shipment in December was rejected for containing high levels of ergot fungus. (Pixabay)
February 08, 2016 - 06:00 GMT
Egypt's rejection of a 63,000-tonne shipment of French wheat has caused confusion among international suppliers regarding import standards.
Environmentalists want Jordan's lawmakers to understand the link between economics and the environment. (Wikimapia)
February 08, 2016 - 05:19 GMT
Conservationists in Jordan are calling on Parliamentarians to put the environment on their agenda.
The Arabian oryx can be found in the Empty Quarter. (Twitter)
February 07, 2016 - 14:30 GMT
The Saudi Commission for Tourism and National Heritage and the Saudi Wildlife Authority plan 20 ecotourism camps in the Empty Quarter (Rub’ Al Khali).
The Commercial Bank of Qatar earned a net profit of 1.45B riyals, compared to a profit of 1.94B riyals in 2015.  (Shutterstock/Philip Lange)
February 07, 2016 - 14:23 GMT
Banking sector profitability will be hit by slowdowns in lending, limited earnings growth, and squeeze liquidity.
The dam is scheduled to be completed in 2017. (Twitter)
February 07, 2016 - 14:07 GMT
The on again, off again discussions between Egypt, Sudan and Ethiopia resume in Khartoum to debate the technical reports from two French firms.
Passenger demand was boosted by lower airfares in 2015. (Twitter)
February 07, 2016 - 13:12 GMT
The International Air Transport Association (IATA) reports that the Middle East airlines carried the highest percentage of international travelers in 2015.
Non-OPEC suppliers such a the US and Brazil rely on break-even costs above current prices. (Shutterstock)
February 07, 2016 - 12:42 GMT
A new Bank of America Merrill Lynch report suggests that OPEC will have to increase production considerably to keep up with lower outputs from non-cartel producers.