August 25, 2016 - 12:07 GMT
While cheap oil has forced some GCC countries to put rail construction on the back burner, Oman's rail project to link Salalah, Sohar and Duqm is going forward.
August 25, 2016 - 11:00 GMT
The Turkish construction company plans to build the ten lane, 34km-long Al Khor Expressway within 36 months.
August 25, 2016 - 10:30 GMT
The VIP charter airline will operate their fleet of seven aircraft out of Riyadh starting at the end of 2016.
August 25, 2016 - 07:41 GMT
QIA has made a $622M investment, a roughly 9.9 percent stake in Empire State Realty Trust as part of its strategy to expand investment in the US.
August 25, 2016 - 06:30 GMT
A NY Court of Appeals unanimously rejected compensation claims by plaintiffs related to victims of 2006 Hezbollah rocket attacks, citing a similar case against Arab Bank.
August 25, 2016 - 05:31 GMT
The concert by Ukrainian singer Svetlana Loboda is part of a wider tourism strategy of inviting famous performers to give concerts in Egypt, particularly in its key tourist destinations.
August 24, 2016 - 14:00 GMT
Alpen Capital forecasts a growth of over 10 percent annually until 2020 in the UAE and Qatar, driven by big events and tourism development.
August 24, 2016 - 13:00 GMT
The US Department of State approved the proposed $124 million sale of Mark V fast patrol boats, weapons, ammunition and training to Qatar.
August 24, 2016 - 12:00 GMT
Saudi Arabia continues its fundraising efforts with another SR20 billion domestic bond offer.
August 24, 2016 - 10:34 GMT
Kuwait’s Ministry of Electricity and Water have scrapped plans to build a nuclear power plant, arguing that alternative energy sources are more cost effective.
August 24, 2016 - 09:30 GMT
Kuwait will finance $293M to build 1247 housing units in Bahrain while the UAE will fund housing and infrastructure projects worth over $102M.
August 24, 2016 - 08:30 GMT
The ratings agency forecasts short-term effects of higher oil prices would led to narrower fiscal and current account deficits than it previously expected, GCC sovereigns' credit profiles would remain under stress.
August 24, 2016 - 07:26 GMT
The state-owned carrier is in the midst of a turnaround and could sell as much as 51 percent of the airline to Nepalese or foreign investors and retain minority ownership.
August 24, 2016 - 06:00 GMT
The long-awaited project will help boost the two countries’ total power-generation capacity by linking the power stations in the city of Badr in Egypt, and the two Saudi cities of Medina and Tabuk.
August 24, 2016 - 05:21 GMT
The Sudanese government is pulling out all the stops to facilitate procedures for gold mining investors from Qatar, UAE and Saudi Arabia.