January 6, 2015
Oman Air, which reported an annual loss in 2013, previously said that it will spin off some of its business units to become profitable.
Gulf stock markets extended their decline on Monday after the price of Brent crude fell below $56 per barrel.
United Arab Emirates utility Tabreed said on Monday it had completed the refinancing of debt facilities worth Dh2.6 billion ($707.9 million).
January 5, 2015
Air Arabia, a leading low-cost carrier, has bought a 49 per cent stake in Jordan's Petra Airlines.
The UAE Ministry of Economy has stepped up the preparations for the 5th Annual Investment Meeting (AIM).
"The decision to issue Islamic sukuk to finance part of the accumulated deficit in the government."
January 4, 2015
Business tycoon Hussein Salem has submitted a request to the Illicit Gain Authority for reconciliation with the Egyptian government and the unfreezing of his assets.
The moves are in retaliation for moves by the Palestinians to join the International Criminal Court (ICC) in the Hague.
South Sudan's oil revenue last year was hit by reduced output because of conflict in the African republic and the rapid decline in oil prices.
Government revenue figures show Dubai’s success in increasing public revenues for fiscal year 2015 by 11 per cent compared to revenues for the fiscal year 2014.
Jordan is suspending negotiations with Israel over plans to import natural gas.
Billionaire Prince Alwaleed bin Talal has lashed out at the Saudi fiscal policy after projecting the largest ever budget deficit for 2015 following the slump in oil prices.
The most alarming figures were a 2.7% drop in investments in fixed assets, putting Israel at the bottom of the OECD table in this category
January 1, 2015
Egypt has paid $2.1 billion of its debt to foreign energy companies, leaving $3.1 billion still owed.
December 31, 2014
Oil dropped towards $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008.