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The Swissotel, Movenpick Hajar Tower and Mecca Clock Royal Tower Hotels in Mecca. (Booking.com)
May 29, 2016 - 12:24 GMT
Continuing its drive to create more job opportunities for Saudi citizens, the labor ministry is setting a new goal for Mecca's hotels and tourist resorts.
The Americana Group also includes Costa Coffee, Baskin Robbins and Krispy Kreme franchises. (Americana Group)
May 29, 2016 - 11:00 GMT
The Gulf consortium led by Mohamed Alabaar scrapped plans to acquire a 69 percent stake in the food company.
Shop rents have dropped from SR3,000 to SR500 per month. (File photo)
May 29, 2016 - 10:00 GMT
As the deadline for the Saudization of the telecoms industry approaches, the closing of shops has led to a steep fall in rents.
Project Blue, a firm owned by the Qatar Investment Authority, had used a type of Islamic finance that meant a bank actually owned the property.  (E-architect.co.uk)
May 29, 2016 - 09:00 GMT
A UK court has ruled that HM Revenue & Customs pursued the wrong party for taxes in the sale of Chelsea Barracks to Qatar Investment Authority in 2007.
The report outlines the dynamics that force children to work instead of attend school. (ILO/Tabitha Ross)
May 29, 2016 - 08:00 GMT
The Euro-Mediterranean Human Rights Monitor and Syrian Network for Human Rights estimate that at least 60,000 Syrian refugee children in Jordan are working in dangerous conditions.
Ahead of an Iranian delegation to Saudi on Tuesday, Iran sent a letter listing its rightful demands and propositions aimed at ensuring safety for Iranian nationals during the Hajj.  (Wikimedia Commons)
May 29, 2016 - 07:00 GMT
Hajj plans for Iranian pilgrims go down to the wire as talks between Saudi Arabia and Iran continue today.
The Hezbollah International Financing Prevention Act is a bill introduced in 2014 that sought to impose on institutions that facilitate transactions on behalf of Hezbollah or its agents. (File photo)
May 29, 2016 - 06:00 GMT
White House official Adam Szubin has said that recent sanctions and legislation have been effective in choking Hezbollah's finances.
Lockheed Martin would be the principal contractor for the sale. (Wikipedia)
May 29, 2016 - 05:00 GMT
The $20 million FMS package would involve 50 Javelin Guided Missiles and 10 Command Launch Units and be contracted to Lockheed Martin.
A foreign ministry spokesman said the Swiss government had blocked about $650 million in the case of Egypt, and $61 million in the case of Tunisia. (Twitter)
May 26, 2016 - 13:26 GMT
A new law allowing Swiss authorities to seize and return illicitly-acquired funds from Swiss banks will come into effect in July.
Analysts had earlier predicted that Qatar's bond would only be valued at $5 billion. (File photo)
May 26, 2016 - 12:56 GMT
The sale will help to bridge Qatar's budget deficit, which is expected to reach $12.8B this year due to persistently low oil prices.
Last year, Iraq secured $1.7 billion in loans from the World Bank and $833 million from the IMF. (YouTube)
May 26, 2016 - 12:24 GMT
Following the IMF's decision to grant Iraq with a $5.4B standby loan, news of the IsDB loan will offer some respite to the country's $20.5B deficit.
The agreement was signed yesterday during a ceremony at Al Jazeera headquarters in the Qatari capital Doha.  (AFP/Tuck/Ullstein Bild)
May 26, 2016 - 11:07 GMT
The agreement allows Turkey's Anadolu Agency News Academy and Al Jazeera's Media Training and Development Centre to hold joint training programs and exchanges.
Jordan used to receive around 10,000 barrels per day of crude oil from Iraq before Daesh militants controlled several parts in western Iraq, causing a complete halt to shipments. (Shutterstock)
May 26, 2016 - 10:39 GMT
Baghdad recently announced route changes to the highly-anticipated pipeline in order to expedite construction of the $15B project.
The merger negotiations between CBC and AlNahar lasted nine months. (Scoop Empire)
May 26, 2016 - 10:19 GMT
After nine months of intense negotiations the two major networks will create an umbrella holding company with global aspirations.
The IsDB and THY will also cooperate within the framework of the Parties’ Social Responsibility Program in the transportation and distribution of hajj meat provided to the poor, health, and education.  (Twitter)
May 26, 2016 - 08:00 GMT
Turkish Airlines will provide aviation training and tech support to 56 of the IsDB's member countries.
Etihad has embarked on a strategy of buying up stakes in airlines from Australia to Italy in bid to grow its network. (File photo)
May 26, 2016 - 07:00 GMT
Etihad Airways and minority-owned airlines Air Berlin, Air Serbia, Air Seychelles and Alitalia will use the funds for capital expenditure, fleet investment and refinancing the individual carriers.