The plunge in oil prices may take more of the froth off Dubai's booming real estate market, but broad-based demand for property is likely to prevent any crash, said a report.
The declining oil prices are positive for the Egyptian economy, according to a statement issued by Egypt’s Citadel (Qalaa) Holding on Thursday.
The U.N. General Assembly Friday asked Israel to pay Lebanon $856.4 million as compensation for the oil slick the Jewish state caused during the July 2006 war.
US weapons maker Raytheon has won a contract valued at $2.4 billion to supply 10 Patriot missile defence systems to Qatar,
Gulf countries could lose at least half their oil revenues or around $350 billion a year as crude prices plunge, according to senior analysts.
December 19, 2014
A total of 5,298 expatriate government employees were sacked in 2011 while 4,380 Saudi female government employees left their jobs in the same year, a study revealed.
Etihad Airways is not interested in ordering any more Airbus A380s, while the launch of its first Boeing 787-9 Dreamliner into service has been delayed.
Bahrain could start importing gas from Russia in 2017, Russia’s ambassador to the Gulf Arab kingdom told a local newspaper.
The "investment window" will officially be launched in mid-April 2015, Jordan Investment Commission (JIC) President Montaser Okla said Thursday
Fitch Ratings has issued a stable outlook for all banks in the GCC in 2015, largely driven by the probability of sovereign support in times of trouble.
December 18, 2014
This is a very important discovery as this is the first time that the Jurassic formation is proven to be a hydrocarbon producer in the East
Qatar’s index tumbled 3.5 percent and Kuwait lost 2.1 percent.
Foreign Minister Gebran Bassil signed a free-trade agreement with the Mercosur countries of Latin America, stressing the importance of maintaining good relations with the bloc.
Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil which provides the bulk of the kingdom’s revenue.
December 17, 2014
Core Gulf OPEC oil producers signalled this week they are prepared to wait as long as six months to a year to see the market stabilise,