December 18, 2014
Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil which provides the bulk of the kingdom’s revenue.
December 17, 2014
Core Gulf OPEC oil producers signalled this week they are prepared to wait as long as six months to a year to see the market stabilise,
The airline industry is set to reap the benefits of lower oil prices, which could fall to as low as $30-a-barrel.
The airport in Hurghada, a major tourist hub on the coast of the red sea, will now be able to accommodate 13 million passengers annually.
Dubai’s residential rents have stabilised in the second half of 2014, growing seven per cent year-on-year in 2014.
The decline in fuel prices comes against the background of Brent oil falling to a new five-year low.
The lira weakened to a record low of 2.4140 against the dollar on Tuesday after a fall in the value of the ruble in Russia
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, chairman of Kingdom Holding Company (KHC), and owner of Alarab News Channel.
Turkish military electronic defense systems corporation ASELSAN launched a production plant via a joint partnership between the Turkish firm and a Jordanian company.
Minister of Industry and Trade Mounir Fakhry Abdel Nour issued a decree Monday stipulating the formation of the Egyptian-Chinese Business Council
December 16, 2014
“It will be a positive effect starting from next year. We will see a drop in ticket prices,”
Kurdistan’s Regional Government (KRG) has failed to pay $100 million to a Dana Gas consortium as instructed by a London arbitration court
The FBI has warned US businesses to be on the alert for a sophisticated Iranian hacking operation.
Qatar predicted its economy would grow 7.7 percent next year, signalling the world’s top exporter of liquefied natural gas expects very little disruption to its finances
December 15, 2014
OPEC will stand by its decision not to cut crude output even if oil prices fall as low as $40 a barrel.