Recent

However, withstanding a long period of oil prices below $60 per barrel might be problematic even for cash-rich Saudi Arabia
March 01, 2015 - 07:44 GMT
OPEC kingpin Saudi Arabia is feeling vindicated after a strategy of allowing oil to flood the market has begun to achieve what it was aiming for.
For all the turmoil in the financial markets, Erdoğan's tirades have won praise from a class of industrialists who have thrived on cheap borrowing costs and political stability over the past decade.
March 01, 2015 - 07:25 GMT
An already-fragile Turkish lira hit a historic low of 2.5280 against the US dollar on Friday following fresh verbal attacks from President Recep Tayyip Erdoğan.
Titled ‘For Everyone’, the campaign will start from March 1, 2015 and is expected to increase the levels of public engagement in the mega event.
March 01, 2015 - 04:55 GMT
Dubai has announced the launch of a massive campaign, consisting of art sculptures and paintings, to increase public awareness about the impact of hosting Expo 2020.
Damac said the rainforest would be ready by 2019 to coincide with Dubai’s hosting of Expo 2020. It will import many plant species and integrate them into the dome structure.
February 27, 2015 - 10:15 GMT
A Dubai developer plans to recreate a tropical rainforest under a dome in the desert sheikhdom, adding to a collection of spectacles that include an indoor ski slope and the world’s tallest building.
He added that the Israelis have even invited some European companies which pre-qualified in the off shore gas tender in Lebanon to participate in the new licensing oil round in the Golan Heights.
February 27, 2015 - 10:08 GMT
Israel intends to invite oil companies to bid for 10 oil blocks in the Golan Heights that are 60 kilometers away from the Lebanese border.
The canal, the fastest shipping route between Europe and Asia, earns Egypt around $5 billion per year, a vital source of hard currency in a country whose tourism and foreign investment have slumped
February 27, 2015 - 09:52 GMT
Egypt's military could help build an industrial hub around a new Suez Canal, the project's manager said, the first suggestion that the armed forces may play an important role in the huge investment venture planned alongside the new waterway.
The official Petra news agency said that the agreement signed in the Jordanian capital, Amman, would set in motion the implementation of the first phase of a long-awaited project.
February 26, 2015 - 22:30 GMT
Jordan and Israel signed a deal on Thursday to build a pipeline to link the Red Sea with the shrinking Dead Sea and combat regional water shortages.
Flights will be subject to increased safety and security requirements, the regulator said.
February 26, 2015 - 21:58 GMT
The United Arab Emirates’ civil aviation regulator has given approval for local carriers to resume flights to Baghdad.
February 26, 2015 - 21:50 GMT
A proposal by Qatar's Investment House for a QR750 million ($206 million) flotation of an agricultural firm has been shelved by regulators.

This high-speed line could mean that it would take as little as 35 minutes to reach Doha from Bahrain, with plans to double the line so that it can also accommodate goods traffic by 2027.
February 26, 2015 - 21:29 GMT
Plans for the multi-million dinar development of Bahrain's east coast are being drawn up with one eye on the Fifa World Cup due to take place in Qatar in 2022, a report said.
The project will save an estimated 550 billion rials (about $20 million) annually in fuel consumption, said the report.
February 26, 2015 - 21:19 GMT
Iran has started work on its €2.4 billion ($2.73 billion) high-speed railway network, which will extend about 400 km from capital Tehran to the city of Isfahan, said a report.