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Al Olayan also appears on Forbes’ list of the “World’s 100 Most Powerful Women”. (World Economic Forum)
September 22, 2016 - 12:30 GMT
Forbes considered position, size of company or organization, and sphere of impact to compile a list that is dominated by Egyptian women.
The halal market could be the biggest industry in the world by 2030 but is currently let down by a lack of unified international standardisation or accreditation. (File photo)
September 22, 2016 - 11:20 GMT
The International Halal Accreditation Forum aims to create a single global standard to be implemented by major food and product exporting countries.
Falah Al Amri, Iraqi governor to OPEC and Director General of Iraq’s Oil Marketing Co, known as SOMO. (YouTube)
September 22, 2016 - 09:30 GMT
Iraq’s governor to OPEC fuels hope from next week's meeting in Algeria, saying it is the “right time” for an agreement on limiting crude output and raising oil prices.
Tariffs of private generators remain uncontrolled and unregulated, and are set randomly despite a general weekly pricing guidance published by the government. (File photo)
September 22, 2016 - 08:30 GMT
Despite the lack of recent studies on sectors’ energy consumption, the Lebanese government continues to finance more than 90 percent of EdL’s purchases of fuel at a cost of $1.8B while private power generators prosper.
The conflicting regulations on wheat imports led to disturbances in the market as several shipments were rejected at the ports en route to Egypt. (File photo)
September 22, 2016 - 07:49 GMT
Egypt has been forced to backtrack on its zero ergot wheat policy after the country's strategic reserves were "adversely affected".
Fujairah Port is already the world's second largest bunkering hub. (FujairahPort.ae)
September 22, 2016 - 06:00 GMT
The $177M jetty for very large crude carriers (VLCC) can load or discharge up to two million barrels of crude oil within 24 hours and is strategically located to provide direct access to Asian and African markets.
The US licenses contain strict conditions to ensure that the planes will be used exclusively for commercial passenger use and cannot be resold or transferred to a designated entity. (File photo)
September 22, 2016 - 05:26 GMT
After lengthy delays the US has finally approved the first of two licenses for Iran to proceed with its multi-billion purchases from Boeing and Airbus.
The Bahrain Asian Traders Committee plans roadshows in South Korea, the Philippines, Sri Lanka and other Asian countries to promote Bahrain as an ideal investment destination. (File photo)
September 21, 2016 - 13:00 GMT
The Bahrain Chamber of Commerce and Industry is focusing its efforts to encourage businesses to look closer to home rather than investing abroad.
The merger between First Gulf Bank and National Bank of Abu Dhabi is a trend that is likely to continue as banks look at improving efficiency. (File photo)
September 21, 2016 - 12:00 GMT
Standard & Poor's expects a six percent loan growth, deterioration of asset quality, and reduced profitability for GCC banks this year as low oil prices continue to exert pressure.
The hospital is owned by Saudi businessman Maan al-Sanea, the founder and chairman of the conglomerate Saad Group. (Saad Medical)
September 21, 2016 - 11:00 GMT
The strike by 200 medical and non-medical staff of one of Saudi's largest private medical facilities began three weeks ago but is growing momentum.
Dubai Aerospace Enterprise (DAE) Ltd is a global aerospace corporation founded in 2006. (File photo)
September 21, 2016 - 10:00 GMT
DAE has acquired 80 percent of Amman-based Joramco from The Abraaj Group for an undisclosed sum.
Al Raha Group for Technical Services specializes in logistics and supply chain management, services and repair of aerospace equipment and vehicles, systems design and integration and training. (Wikimedia Commons)
September 21, 2016 - 09:00 GMT
Al Raha Group for Technical Services has landed a fixed-price US Air Force contract for support of the Saudi Arabian F-15 fleet.
Turkish contractors have so far completed approximately $6.3 billion projects in Kuwait. (Wikimedia Commons)
September 21, 2016 - 08:00 GMT
Turkey is looking to invest in upcoming infrastructure projects in Kuwait that are valued at $150B.
The exhibition follows a successful partnership with Jimmy Choo during New York Fashion Week. (Etihad)
September 21, 2016 - 07:10 GMT
Etihad Airways unveiled the exhibition of fashion and travel images by celebrity photographers as part of London Fashion Week.
12 A380 superjumbos are part of the order but Iran has not yet decided whether to take the double-decker jets. (File photo)
September 21, 2016 - 06:34 GMT
Iran will trim the Airbus order by six aircraft in order to expedite the process of export approvals from the US Treasury Department.
GCC governments are also considering a proposal to raise tobacco tariffs across the region. (Shutterstock)
September 21, 2016 - 06:17 GMT
The tax on cigarettes and tobacco products in Oman has been raised for the first time in 17 years as the country seeks to raise revenues and bridge its budget deficit.