Featured Articles

April 8, 2015

In 2014, Bahrain and the UAE were less affected by the slump in oil prices than other GCC countries, due to the diversification of exported goods. (Image: Pixabay)
08:00 GMT
Heavily dependent on oil and gas revenues, GCC countries must increase economic diversification and strengthen the non-oil sectors to sustain growth and maintain fiscal surplus in the distant future.
Iranian oil officials are in Beijing this week to discuss oil sales and Chinese investments in Iran.
07:10 GMT
Iranian oil officials are in Beijing this week to discuss oil sales and Chinese investments in Iran, just days after Tehran and world powers reached a framework nuclear deal, and with the OPEC nation’s oil minister due to arrive Thursday.

April 7, 2015

The nuclear agreement between Iran and world powers could lead to a burst in the country’s oil exports and open the way for international energy groups to return to the country after a five-year absence.
08:57 GMT
The nuclear agreement between Iran and world powers could lead to a burst in the country’s oil exports and open the way for international energy groups to return to the country after a five-year absence.

April 6, 2015

Egypt's escalating military involvement in the Yemen conflict has had a negative impact on investor's confidence. (Image: file photo)
08:58 GMT
Investor bearishness and hostilities in Yemen weigh heavily on Egyptian stock market as stocks fall sharply for the second consecutive session.
The probe's journey is expected to take nine months and travel more than 60 million kilometers. (Image: planetfacts.org)
07:49 GMT
UAE Space Agency visits NASA to meet key industry players in a bid to launch a mission to Mars by 2021.
National Bank of Abu Dhabi managed around $3.9 billion (Dh14.3 billion) of international Sukuk issuance in the first quarter of 2015, representing about 69 per cent of the global market by value.
07:16 GMT
National Bank of Abu Dhabi managed around $3.9 billion (Dh14.3 billion) of international Sukuk issuance in the first quarter of 2015, representing about 69 per cent of the global market by value.
Celeb stoner Bob Marley. The Tobacco Traders Association has called for a 10% tax on cannabis, which could potentially save EGP 4.2bn. (Image: Hippi.in)
07:05 GMT
The head of the tobacco traders association in Cairo has submitted a proposal to legalize the hashish trade as a means of decreasing the national budget deficit.

April 5, 2015

The Nile River and basin as seen from space. The Baro-Akobo-Sobat sub-basin stretches from Ethiopia to South Sudan. (Image: WIkipedia)
14:32 GMT
The study takes into account irrigation, wetland management, basin rehabilitation, power generation and will address the cross-border implications of the projects.
The new law contains 378 articles intended to promote sustainable economic development and to strengthen competitiveness. (Image: File photo)
12:18 GMT
New companies law in the UAE eases flotation rules and raises the level of regulation to international standards.
The Jaber border crossing (known as the Nasib border in Syria) was closed following clashes between rebels and Syrian government troops. Lebanese truckers were kidnapped and goods seized during the fighting. (Image: AFP/File)
07:29 GMT
The closure of the Nassib border crossing between Jordan and Syria following violent clashes cuts off a vital network for trade between Lebanon, Syria, Jordan and Gulf countries.

April 3, 2015

“It is likely that the talks would not lead to a sudden release in sanctions, but rather, Iranian crude would slowly flow out into the western market.”
18:34 GMT
Iran is said to be having more than 20 million barrels of oil stored offshore in super tankers ready to be shipped in a month or two if sanctions are removed.
Yemen’s significance lies in its strategic location near oil tanker shipping routes in the Gulf of Aden and the Red Sea.
18:13 GMT
Oil supply shock trade is not expected to last that long.
Out of the 150 publicly listed organisations that were included in the review, 100 were recognized for being instrumental in the growth of GCC companies,
12:25 GMT
The latest Top CEO Awards, which recognizes the best leaders who have delivered solid results and kept businesses in the Gulf Cooperation Council (GCC) region growing, is out.

April 1, 2015

Last week, a leading Swiss banker told his Lebanese counterparts that the era of banking secrecy was over.
21:23 GMT
Lebanon will not abandon its banking secrecy law.
It is just about impossible for a mall developer from one of the other Gulf states to try and do something new in Dubai or Abu Dhabi.
21:05 GMT
They are helming major expansions and integrating hospitality to cast the net wider