May 11, 2014
Workers have been hoping for a relief from rising rents, which rose on average by 22 per cent last year, and increasing cost of commodities and services.
May 8, 2014
The World Health Organization said on Wednesday that there is no travel ban for Saudi Arabia as a result of increasing MERS cases in the country.
Dubai builder Arabtec said its first-quarter net profit more doubled on the back of a strong delivery of projects and growth in its Gulf businesses.
Former IRS senior district attorney Barbara Kaplan says US citizens who conceal funds in Israel could also face criminal charges.
President Michel Sleiman refused Wednesday to sign a controversial new rent bill into law, arguing that it was unfair, prompting a brief protest by a group of landlords.
Oman’s government is looking closely at cutting costly subsidies in the sultanate, with petrol an obvious target, the minister for financial affairs said on Wednesday.
The energy-rich Gulf states agreed on Wednesday to resolve hurdles obstructing implementation of a long-delayed customs union, particularly revenue sharing, Kuwait’s finance minister said.
Supposedly, the exceptional measure is designed to answer calls for social justice raised during Egypt's 2011 revolution.
Former army chief Abdel-Fattah El-Sisi, who is expected to win the presidency, has suggested he will take a cautious approach to Egypt's energy troubles, saying the government cannot get rid of costly subsidies overnight.
May 7, 2014
Kuwait Projects Co (KIPCO), the Gulf state’s largest listed investment company, reported a 20 per cent rise in first-quarter profit on Wednesday.
Real estate trading in the Kingdom went up by 26 per cent during the first four months of 2014.
Speaking at the meeting, Musavi pointed to cultural commonalties between the two countries, which help deepen the ties.
The letter of intent (LOI) contemplates a contract term of 15 years and a total gross sales quantity of up to 2.5 trillion cubic feet (Tcf) of natural gas.
The International Monetary Fund (IMF) on Tuesday called on OPEC member Kuwait to contain a rapid rise in public wages and subsidies to safeguard the economy against oil price shocks.
The Suez Canal project was a main feature in the campaigns of the most prominent candidates in the 2012 election.