The agreement grants Iraq a one-year grace period and a total of 8 1/2 years to pay for military purchases.  (Twitter)
June 30, 2016 - 14:00 GMT
The finance deal will allow Iraqi security forces to defer payment for the purchase of ammunition and maintenance of its F-16 aircraft and M1A1 Abrams tanks.
Debit cards for accounts in foreign currency can still be used abroad up to a limit of $100,000 as per a 2014 directive. (File photo)
June 30, 2016 - 13:00 GMT
Egypt has instructed its banks to prevent debit card withdrawals from Egyptian pound accounts while abroad, due to the acute shortage of foreign currency in Egypt.
The contract comes shortly after Italian shipbuilder Fincantieri wont a bid to supply the Qatari navy with seven new vessels.  (Gadget Style)
June 30, 2016 - 12:00 GMT
The company will be supplying the Qatar Emiri Naval Forces with Exocet MM40 Block 3 anti-ship missiles, as well as Aster 30 Block 1 and VL MICA air defense missile.
The merger is part of Abu Dhabi economic reforms which commenced in 2001. (Erem News)
June 30, 2016 - 11:00 GMT
The combined entity will realise synergies and growth in multiple sectors including the energy and utilities sector, technology, aerospace, industry, health care, real estate and financial investments.
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.