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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.
A Turkish riot police officer patrols Ataturk airport`s main enterance in Istanbul, on June 28, 2016, after two explosions followed by gunfire hit Turkey's largest airport,  (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.
The output of Al-Shaheen oilfield over the last 22 years hit 1.6 billion barrels at a daily rate of 300,000 barrels which represent nearly 40 percent of Qatar's total oil output. (File photo)
June 28, 2016 - 13:00 GMT
The French oil giant has won the bid to develop the Qatari oil field, and will own 30 percent of the joint venture with QP.
Tourists take a camel ride to visit the Bedouin village at Wahiba Sands. (Oman Tourism Ministry)
June 28, 2016 - 12:00 GMT
A survey by Oman's Ministry of Higher Education has found that oil and gas positions, up until last year the most sought after jobs, have slumped, replaced with careers in tourism, hospitality and banking.
Investcorp said it’s European team had witnessed the most active period in its 30-year history over the last 12 months, having signed four new deals and exited eight European portfolio companies. (Shutterstock)
June 28, 2016 - 11:00 GMT
Following its acquisition of SecureLink in 2015, the Coresec purchase is in line with Investcorp's vision of creating a pan-European cyber security specialist.
The chief executive of IAG’s Aer Lingus, Stephen Kavanagh, said on June 1 that the UK might have to renegotiate its air services agreements with other countries, including the EU, if it leaves. (File photo)
June 28, 2016 - 10:00 GMT
Gulf airline chiefs have declined to comment on Britain's referendum results, but currency volatility, reduced profit growth and agreements permitting air connectivity are a major concern.
The first phase will begin with the construction of a 3-star hotel, which is expected to be completed in the first quarter of 2019. (Oman Tribune)
June 28, 2016 - 09:00 GMT
Al Khonji Real Estate has been granted permission to develop the 661,000 square metres site which will include a commercial and residential complex and amusement park.
France is Saudi Arabia's third largest trading partner. (AFP/Stephane de Sakutin)
June 28, 2016 - 08:00 GMT
After yesterday's visit with President Hollande, Deputy Crown Prince Mohammed bin Salman will meet with French leaders to finalise major pacts in various fields.
Dubai is aiming to generate 7 percent of its total power from clean energy sources in the next four years, 25 percent by 2030 and 75 per cent by 2050. (File photo)
June 28, 2016 - 07:00 GMT
A consortium led by Abu Dhabi's renewable energy company is in talks with Gulf banks to fund the third phase construction of the largest single-site solar park in the world.
The world's top liquefied natural gas exporter is one of the richest countries per capita but it faces a $12.8 billion budget deficit this year because of the continued lower oil and gas prices. (File photo)
June 28, 2016 - 06:00 GMT
Qatar's foreign trade surplus dived 50 percent to $2.05 billion over lst year, due to the drop in energy prices.
The entertainment complex will be developed by the state-run Aqaba Development Corporation. (File photo)
June 28, 2016 - 05:44 GMT
The three-storey complex will host 50 shops and include three cinemas and a solar-powered drive-in cinema.
Over the past ten years, Jordan has witnessed a rising demand on electricity that ranged between 5-7 percent annually.
June 27, 2016 - 13:00 GMT
Jordan Nuclear Power Company CEO Dr. Ahmad Hiyasat said that the bilateral cooperation will ensure sustainable development and confront rising prices in the energy sector.
Agricultural products, chemical engineering products, furniture, and garments are some of the most important Egyptian exports to Britain. (Shutterstock)
June 27, 2016 - 12:00 GMT
With $777.4 million in Egyptian exports to the UK last year, Egypt's trade agreements with its third-largest trading partner are thrown into disarray by the Brexit vote.
The LuLu Group currently operates 126 stores across the GCC, Egypt, India, Indonesia and has a workforce of more than 38,000. (File photo)
June 27, 2016 - 11:00 GMT
Following the opening of its first Kuala Lumpur hypermarket, the Abu Dhabi-based retail giant continues its expansion across Asia with plans for a new $500 million center.
Vice has hired an “independent management team” to adapt content to the region’s sensitivities and tailor programming to local markets.
June 27, 2016 - 10:00 GMT
Vice has partnered with Moby Group to bring its bold reportage programming to 12 countries including Iran, Egypt and Saudi Arabia to serve a 'surging youth population'.
Investors expect turbulence in the markets at least until Britain elects a new Prime Minister. (File photo)
June 27, 2016 - 09:00 GMT
All seven GCC bourses reacted negatively in the first trading session after Britain, as uncertainty continues to plague global markets.