Recent assets acquired by Middle Eastern investors include Claridge’s, The Connaught and the Berkeley in London’s Knightsbridge. (File photo)
June 26, 2016 - 13:30 GMT
US dollar or UAE dirham investors will find the price of an average prime Central London residential asset $96,000 less than it was on June 20, according to Cluttons.
The agreements were supported by the Central Bank of Jordan (CBJ) which allows banks to use money allocated to the energy sector against low interest rates when funding programmes implemented by the fund.  (Shutterstock)
June 26, 2016 - 12:30 GMT
The JREEEF programme includes financing for households to install solar heaters, electricity-generation systems using solar energy, and for SMEs.
Female employment rates are calculated by dividing the number of Saudi women registered in social security by the establishment’s total employment numbers. (File photo)
June 26, 2016 - 11:30 GMT
The five-tier method for calculating 'nationalization points' in the Nitaqat Program has been revealed alongside plans to introduce more reforms to the nationalization program.
Following announcement of the Brexit vote, the sterling-dirham exchange rate hit an all-time low of AED4.8. (File photo)
June 26, 2016 - 10:30 GMT
UAE currency houses are expecting an increase in remittances to the UK with the fall in the pound against the dollar and the start of the summer holidays.
Tourists on a dhow boat in the Strait of Hormuz, Musandam, Oman. (Shutterstock/Imran's Photography)
June 26, 2016 - 09:30 GMT
investments required to implement the Omani Tourism Strategy (2016-2040) would be about $18.968 billion, 88 per cent of which will be borne by the private sector..
Saudi King Salman bin Abdulaziz Al-Saud had earlier issued a decree to secure Egypt’s needs of petroleum over the next five years. (File photo)
June 26, 2016 - 08:43 GMT
Saudi Arabia’s Aramco will supply Egypt with petroleum derivatives for five years, starting from last May, at an interest rate of 2% and a grace period of at least three years.
Sukuk issuance has been growing in Turkey and Qatar. (File photo)
June 26, 2016 - 07:30 GMT
Turkish Islamic banks’ market share are expected to double to more than 10 percent by year-end 2025, while as recent government initiatives in Qatar have led to significant growth of Islamic banking.
For the British energy sector, Oil & Gas U.K. said in a statement the industry is
June 26, 2016 - 06:00 GMT
Oil prices followed the global markets' plunge on Friday in reaction to the shock vote in favor of Britain leaving the European Union.
Prime Minister David Cameron in 2013 with the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. (Stefan Rousseau)
June 24, 2016 - 18:25 GMT
Extracting itself out of the EU-GCC stalled FTA process may actually breathe new life into the UK's trading relationships with the Gulf, as well as with other parts of the world.
Economists say the bilateral trading landscape between the GCC and the UK may not necessarily be harmed by Brexit. (Shutterstock)
June 24, 2016 - 12:41 GMT
GCC investments in the UK are for most part not made with the motive of accessing European markets but rather they are standalone investments made in their own right, in areas such as real estate and hospitality.
David Cameron announces that he will stand down as Prime Minister following his unsuccessful leadership of the Vote Remain campaign.  (AFP/Adrian Dennis)
June 24, 2016 - 09:37 GMT
The FTSE 100 has fallen to its lowest level since the 2008 financial crisis, with further market turmoil expected following the Brexit vote and David Cameron's resignation.
Nearly 100,000 animal rights campaigners signed a petition to protest the opening of a Sea World park in Dubai last year. (Sea World San Diego)
June 23, 2016 - 13:00 GMT
The CEO of the aquatic entertainment company reportedly met with Deputy Crown Prince Muhammad Bin Salman to discuss opportunities in Saudi Arabia.
The main reason almost all cities in the Middle East increased in rank is that their currencies are pegged to the US Dollar.  (File photo)
June 23, 2016 - 12:00 GMT
Amman and all of the major Gulf cities have jumped up in the rankings of the most expensive cities in the Middle East and globally.
The ban comes after the CSRD sentenced MMG founder Mohammad Al-Mojil and his son Adel Al-Mojil, the firm’s chairman, to five years in jail on Thursday. (Deloitte)
June 23, 2016 - 11:00 GMT
The global accountancy firm was banned from audit work for two years by Saudi Arabia’s market regulator in relation to the case against Mohammad Al-Mojil Group (MMG).
The deal with the SGRF is part of a new $275-million capital raising by Kenmare. (Shutterstock)
June 23, 2016 - 10:00 GMT
Oman’s State General Reserve Fund has acquired a 29.2 percent stake in the zircon and titanium mining company.
Microsoft CEO Satya Nadella met Deputy crown prince Muhammad Bin Salman in Silicon Valley on Tuesday. (AFP/File)
June 23, 2016 - 09:00 GMT
Under the knowledge-sharing MoU with Microsoft, the tech giant will train young Saudis in computing technology, as well as expand its systems support centre at Saudi Arabia’s royal court.