Recent

More than 2.5 million Brits were planning trips to Turkish resorts this year.  (AFP/Ozan Kose)
June 30, 2016 - 10:00 GMT
The triple suicide bombing at Istanbul's Attaturk Airport is the latest blow for tourism, as skittish tourists find more reasons to stay away.
Tower Bridge with the Qatari-owned Shard in London's financial district. (Wikimedia Commons)
June 30, 2016 - 09:00 GMT
The outgoing British Prime Minister said that Qatar was well-placed to respond to current economic challenges, and reiterated his desire to boost annual bilateral trade beyond $6.7 billion.
PDO Managing Director said the money raised will help to finance business plans, as well as create more jobs and training opportunities for Omanis. (PDO)
June 30, 2016 - 08:00 GMT
PDO's financing will take the form of a five-year pre-export facility, which was provided by a syndicate of international banks.
UAE Minister of Economy and General Civil Aviation Authority Chairman Sultan Bin Saeed Al Mansouri said on May 30 the UAE had reached a “gentleman’s agreement” to discuss the allegations with the US. (File photo)
June 30, 2016 - 07:15 GMT
The US State Department has invited the UAE and Qatar to an informal meeting next month to discuss the allegations against Emirates, Etihad and Qatar Airways.
Italy has repeatedly complained that Egyptian authorities have not cooperated to find those responsible for the 28-year-old student's death. (File photo)
June 30, 2016 - 06:44 GMT
Italy has voted to halt supplies of F16 spare parts to Egypt in an effort to intensify efforts to resolve the case of the Italian student's death.
Hassan Nasrallah claims that US sanctions will be ineffective because of Hezbollah's secure, direct income from Iran and not through Lebanese banks. (File photo)
June 30, 2016 - 05:53 GMT
White House Deputy Press Secretary Eric Schultz has warned that Iran's continued support of Hezbollah will hamper its access to global markets.
This transaction constitutes the third investment of EuroMena III after its recent investment in Elephant in Nigeria and Jasmin in Tunisia. (The Daily Star)
June 29, 2016 - 13:00 GMT
The leading Lebanese bank has received the investment by the private equity fund to boost growth and development plans in the Middle East and Africa.
The recovery for crude oil prices comes as economic leaders meet in Portugal to review coordinated monetary policies in the globalized world. (Shutterstock)
June 29, 2016 - 12:00 GMT
After two days of heavy losses following Britain's decision to leave the EU, the price for Brent crude oil was up 2.7 percent yesterday at $48.42 per barrel.
The Kingdom's credit rating by Moody's is currently  B1 stable.
June 29, 2016 - 11:00 GMT
The statement was issued in a comment on the three-year Extended Fund Facility (EFF) that was announced between Jordan and the IMF and is pending approval by the IMF executive board.
Workers outside the explosions and attacks site outside Ataturk airport's international arrivals terminal. (AFP/Ozan Kose)
June 29, 2016 - 10:13 GMT
Emirates, Etihad Airways and Qatar Airways all cancelled flights to Turkey's Ataturk airport after assailants opened fire and bombed Europe's third busiest airport, killing 36 people.
Dubai Parks and Resorts recently raised AED 1.68 billion in an oversubscribed rights issue to raise funds for a SIx Flags theme park in Dubai. (Wikimedia Commons)
June 29, 2016 - 10:00 GMT
New Saudi theme park gets the go-ahead after Dubai ruler clarifies that 'exclusive GCC deal' with the US company includes both Dubai and Saudi Arabia.
A combination of economic and political uncertainty had created a 'perfect storm' in favour of the yellow metal. (Shutterstock)
June 29, 2016 - 09:00 GMT
Prices for the safe-haven metal soared above £1,000 per ounce in London to its highest peak in three years.
The Financial Action Task Force called on countries to
June 29, 2016 - 08:00 GMT
The financial watchdog is optimistic over Iran's new anti-money laundering plans, but will keep Iran on its blacklist pending full implementation.
Listeners complained last week that the stations were off-air, with some claiming an Abu Dhabi classical music station was playing instead. (Campaign.me)
June 29, 2016 - 07:00 GMT
After a week of irregular programming, owner Abu Dhabi Media Group has reclaimed the licence for the two radio stations from the current managers Gulf News Broadcasting.
Fitch said it expects general government debt to rise to nearly 80 percent of GDP in 2016 from around 62 percent of GDP in 2015, well above the 'BBB' and 'BB' medians of around 40 percent. (File photo)
June 29, 2016 - 06:00 GMT
Fitch said in a statement that lower oil prices are causing a "marked deterioration" in Bahrain's fiscal position, and expects the budget deficit to widen to 15.4 percent of the GDP in 2016.
Passengers enter the Ataturk airport International arrival terminal a day after a suicide bombing and gun attack targeted Istanbul's airport, killing at least 36 people.   (AFP/Ozan Kose)
June 29, 2016 - 05:23 GMT
Istanbul's International Airport has resumed operations hours after 36 travellers were killed and nearly 150 injured in a bomb and gun attack in the early hours of Wednesday morning.