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Saudi Arabia is launching many initiatives to boost the growth of SMEs. (File photo)
March 29, 2017 - 14:00 GMT
Saudi Arabia’s parallel market Nomu is likely to help boost the growth of small and medium enterprises (SMEs).
Souq.com's CEO Ronald Mouchawar declined to give price details of the Amazon deal, which is estimated to be worth $580m to $750m. (File photo)
March 29, 2017 - 13:01 GMT
Ronaldo Mouchawar, the CEO and co-founder of Souq.com, will stay on in his current role to lead Amazon’s e-commerce business in the Middle East.
The report covers the largest banks in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, and the UAE. (File photo)
March 29, 2017 - 12:13 GMT
According to a new report, al countries in the GCC had to deal with a negative development in profits in 2016.
Saudia is offering 20MB free internet service on board its flights to the US and the UK. (AlBawaba)
March 29, 2017 - 11:35 GMT
Saudia airline is providing some additional services for its passengers bound for the US and the UK in the wake of the recent ban on electronics.
The project aims to reduce electricity costs by generating electricity from solar energy. (AFP/File)
March 29, 2017 - 11:20 GMT
Jordan and Germany on Tuesday signed a $47.5M (€44M) grant agreement to fund an energy supply project for Syrian Refugees.
Under the new agreement Oman Air will connect travelers to 59 destinations across Europe and North America from Lufthansa’s Frankfurt and Munich hubs. (Shutterstock)
March 29, 2017 - 10:38 GMT
Oman Air is continuing its expansion across Europe and North America by signing a new partnership agreement with Lufthansa.
Egypt's declining economy needs all the help it can get. (AFP/File)
March 29, 2017 - 09:59 GMT
Egypt is resuming its negotiations with the G-8 countries regarding its economic and social reform programs.
The times are tough for car dealers in the UAE. (File photo)
March 29, 2017 - 08:00 GMT
It is proving an extremely slippery time for car sales in the UAE, and the weather’s got nothing to do with it.
In 2016, the country secured a total of $280 million of foreign inward investment from 40 new companies. (File photo)
March 29, 2017 - 07:00 GMT
Bahrain’s burgeoning business environment continues to create foreign investment opportunities.
The UAE is still on track to implement VAT from January 1, 2018.
March 29, 2017 - 06:00 GMT
The first sale of new residential property in the UAE will be subject to the zero rate of VAT.
Emirates airline mulls the possibility of providing government-approved laptops as a way to cushion the blow from the US electronics ban. (File photo)
March 28, 2017 - 16:37 GMT
Emirates considers loaning laptops to passengers to soften the blow from the US electronics ban.
With a population expected to double in the next 50 years, Egypt is expected to face serious water and energy shortages by 2025. (File photo)
March 28, 2017 - 15:55 GMT
The ongoing reduction in Egypt’s Nile water may subject the country to water and energy shortages by 2025.
Oman cracks down on private health clinics. (File photo)
March 28, 2017 - 14:25 GMT
More than 100 private health clinics were warned and fined for breaching regulations in Oman and 12 were shut down.
The project seeks to accelerate revolutionary additive design, customer innovation, and digital manufacturing technologies. (File photo)
March 28, 2017 - 13:49 GMT
Mubadala Development Company, the Dubai Future Foundation and GE Additive announced the establishment of the first microfactory in the region.
Exclusive offers await technology enthusiasts at GITEX Shopper 2017. (File photo)
March 28, 2017 - 12:09 GMT
GITEX Shopper 2017 will take place from 29 March-1 April at the Dubai World Trade Centre.
Souq.com's CEO, Ronaldo Mouchawar.
March 28, 2017 - 10:55 GMT
Amazon today announced that it has reached an agreement to acquire UAE's e-commerce giant Souq.com for an undisclosed sum.