Recent

Iran continues to stress that it has no plans to freeze the level of its oil production and exports. (File photo)
May 25, 2016 - 05:17 GMT
Ahead of Vienna OPEC meeting, there are signs of slow market recovery, but Qatar's energy minister does not rule out reviving talks of a production freeze.
The vote drew fire from BDS activists on Jordanian social media networks. (File photo)
May 25, 2016 - 04:58 GMT
As Jordan celebrates its Independence Day, a parliamentary vote to permit Israelis to support Jordanian governmental projects has generated controversy.
Bahrain Financial Harbour skyscrapers in Manama. (Shutterstock)
May 24, 2016 - 13:02 GMT
In a shift of policy, Bahrain's sovereign wealth fund plans more investments in international deals in a bid to diversify its economy, Bloomberg reports.
Russia's Sberbank has displayed interest in incorporating a specialized sector for Islam-based banking transactions. (Kiev Post)
May 24, 2016 - 12:31 GMT
Two of the largest Russian banks, led by a proposal from the President of Tartarstan, plan to trial several transactions consistent with Sharia principles.
The opening of the Iranian TV market, a largely untapped market for pay TV business, is providing a wealth of opportunities for the regional operators. (Shutterstock)
May 24, 2016 - 11:00 GMT
Revenues from pay tv have passed the billion-euro mark for the first time, and subscriptions are expected to double in five years following the opening of the Iranian TV market.
The country’s ceding to the union’s demands will be a blow to plans to include up to 20,000 oil workers under its new public payroll system as low oil prices hit coffers. (AFP/File)
May 24, 2016 - 10:00 GMT
Kuwait has yielded to pressure and will offer a oil and gas workers a pay rise, after a three-day strike against proposed benefit cuts crippled production.
The report did not disclose the names of the individuals or groups whose bank accounts were frozen, their nationalities, or amounts. (Shutterstock)
May 24, 2016 - 09:02 GMT
The latest report from Lebanon's Special Investigation Commission reveals the latest in a series of measures to combat terrorism financing and money laundering.
Israel restricts the entry of goods into Gaza out of fears they will be used to build tunnels, but Gazans desperately need cement for reconstruction. (AFP/Said Khatib)
May 24, 2016 - 08:16 GMT
Cement deliveries to private providers in Gaza have resumed after Israel lifts ban that has been in place since April 3.
Earlier this month Shuaa Capital announced a first-quarter net loss of Dhs 27.5 million. (Shuaa)
May 24, 2016 - 08:05 GMT
The UAE's banking industry takes another hit as the Dubai-based investment bank plans to slash jobs in the battle stem losses due to low oil prices.
Qatar is spending up to $200B on infrastructure required to host the tournament.(Yaeni)
May 24, 2016 - 06:00 GMT
Investments include opportunities in sports development, event management and promotion, construction, goods and equipment, marketing, tourism and maintenance.
Bahrain's inflation was reported at  3.8 percent year-on-year, its highest for 29 months. (File photo)
May 24, 2016 - 05:00 GMT
Slow economic growth and rising costs of living continue to be major challenges for Bahrain.
A total of $115 million has been allocated to complete the Jordan Gate project, of which 72 per cent is already finished. (Wikimedia Commons)
May 23, 2016 - 13:00 GMT
Construction on the project is due to resume 'within days' as disagreements between the Al Bayan Holding Company of Kuwait and Al Hamad Contracting Company are reportedly resolved.
Last year, GE announced an investment of $100m in its research and manufacturing programmes in the kingdom. (Twitter)
May 23, 2016 - 12:45 GMT
The agreement between GE and Saudi Arabian Industrial Investments Company will fund water, energy, aviation, and digital projects.
Fitch indicated that Lebanon’s banking sector was among 15 banking systems that have a Banking System Indicator of “b”. (File photo)
May 23, 2016 - 11:45 GMT
Lebanon's banking sector rating remains unchanged since 2013, according to Fitch Ratings' semi-annual risk assessment of 114 banking systems in advanced and emerging economies.
Up to $200 billion is being spent on wider infrastructure required to host the World Cup. (Twitter)
May 23, 2016 - 10:28 GMT
Spending on Qatar's infrastructure and stadiums is well on track, with labor inspections and scrutiny of recruitment agencies also on the increase.
Omagine are exploring a proposal involving Chinese investment in Omagine LLC and the Chinese contractor arranging finance for the Omagine Project. (Shutterstock)
May 23, 2016 - 09:00 GMT
Pressure on local finance options have forced Omagine LLC to look to China for help in developing the beach complex, with talks reaching an advanced stage.