Unemployment in Jordan has reached its highest level since 2008. (AFP/File)
May 31, 2016 - 09:00 GMT
Joblessness is the biggest problem for Jordan's new Prime Minister Hani Mulki to tackle, according to the country's economists.
The Oman Power and Water Procurement Co (OPWP) recently signed agreements to establish two major independent power plants in Ibri and Sohar. (File photo)
May 31, 2016 - 08:00 GMT
With power demand growing at 9.6 percent annual, Oman will need $8B investment in the energy sector by 2020, according to Arab Petroleum Investment Corporation.
Fitch expects general government debt to grow to 90.5 percent of GDP in FY17, on the assumption that the pound will continue to weaken. (File photo)
May 31, 2016 - 07:00 GMT
Following S&P's negative outlook rating last month, Fitch keeps Egypt in junk territory, but outlook is 'stable'.
Last week, oil prices rose above $50 a barrel for the first time this year following supply disruptions in Canada and Nigeria and a decline in crude inventories in the United States. (Shutterstock)
May 31, 2016 - 06:00 GMT
Following this week's high of $50 a barrel, the price of oil may climb to $60 as demand increases in the US, the UAE economy minister predicts.
The new sukuk issue followed DP World's successful refinancing of over $1.1 billion of the existing $1.5 billion 2017 sukuk.  (Port Technologies)
May 31, 2016 - 05:02 GMT
The new sukuk sale was oversubscribed two times, receiving more than $2 billion in bids.
BSA estimated the software piracy rate in Lebanon at 70 percent in 2015 compared to 71 percent in 2013 and 2011 and 72 percent in 2009. (Flickr)
May 30, 2016 - 12:49 GMT
Although relatively unchanged since 2013, Lebanon's piracy rate is significantly higher than the global rate of 39 percent and the MENA rate of 57 percent.
The ministry seeks to produce 20 percent of new and renewable energy of the total national electricity grid by 2020. (File photo)
May 30, 2016 - 11:59 GMT
Egypt's electricity ministry has signed an agreement with the triple alliance, who will fund the wind power plant project with a capacity of 250 MW in the Gulf of Suez.
Construction of pipeline infrastructure, the development of the gas fields and the pipeline to the Southern Turkish would cost about $4 billion alone. (File photo)
May 30, 2016 - 11:00 GMT
Turkish and Israeli private sector companies are discussing a possible gas pipeline project between Israel and Turkey to transport natural gas supplies to Europe from the Leviathan gas field.
The LuLu group chairman announced that they have already invested SR1 billion in Saudi Arabia and intend to further invest SR800 million in the next two years. (YouTube)
May 30, 2016 - 10:00 GMT
At the inauguration of its 125th store worldwide and seventh in Saudi Arabia, the Abu Dhabi-based retailer eyes further expansion in the Kingdom.
Investment in roads, infrastructure, water, sewage and desalination plants are being made thanks to Arab development fund grants. (Shutterstock)
May 30, 2016 - 09:00 GMT
The project aims to reclaim and cultivate 620,000 acres, create new urban communities, and link Sinai to the more populous Delta area.
Shangri-La Hotel, Qaryat Al Beri, Abu Dhabi. (Shangri-La)
May 30, 2016 - 08:15 GMT
As of June 1, guests at Abu Dhabi hotels will have to pay a municipal fee amounting to 4 per cent of their hotel bill and a daily charge of Dhs 15 charge per room.
The use of shocking images on cigarette packaging has been introduced in Australia. (Globedia)
May 30, 2016 - 06:00 GMT
Ahead of World No Tobacco Day, the UAE is doing more to raise public awareness about smoking hazards and to discourage smoking.
Over the past two years, Jordan has been importing liquefied natural gas (LNG) from Qatar, and from Royal Shell, Vitol, and others. (Shutterstock)

May 30, 2016 - 05:12 GMT
A senior representative from Noble Energy says that the company is in the process of 'consummating a contract' to export gas from the Leviathan gas reservoir to Jordan.
The Swissotel, Movenpick Hajar Tower and Mecca Clock Royal Tower Hotels in Mecca. (
May 29, 2016 - 12:24 GMT
Continuing its drive to create more job opportunities for Saudi citizens, the labor ministry is setting a new goal for Mecca's hotels and tourist resorts.
The Americana Group also includes Costa Coffee, Baskin Robbins and Krispy Kreme franchises. (Americana Group)
May 29, 2016 - 11:00 GMT
The Gulf consortium led by Mohamed Alabaar scrapped plans to acquire a 69 percent stake in the food company.
Shop rents have dropped from SR3,000 to SR500 per month. (File photo)
May 29, 2016 - 10:00 GMT
As the deadline for the Saudization of the telecoms industry approaches, the closing of shops has led to a steep fall in rents.