December 11, 2016 - 12:20 GMT
Analysts fear that rising demand might force some OPEC nations or Russia to break free of the recent agreement to curb production.
December 11, 2016 - 10:23 GMT
The inaugural Oman Smart City Summit 2017 the inaugural Oman Smart City Summit 2017 will take place in cooperation with the Smart Cities Council and Information Technology Authority (ITA) in March 2017.
December 11, 2016 - 09:00 GMT
The ILO-GCC plan includes four major activities in the areas of SME promotion, managing migrant worker issues, work policies, and improvement of labour dispute resolution capacity.
December 11, 2016 - 08:00 GMT
The offerings of the new hospital aim to keep locals from travelling abroad for treatment, and will be one of the first in the region to provide liver transplants for living related patients.
December 11, 2016 - 07:00 GMT
With the deal finally signed after a year of wrangling between OPEC and non-OPEC producers, the market’s focus will now switch to compliance with the agreement.
December 11, 2016 - 06:00 GMT
Trump had registered the four companies in Saudi Arabia for a potential business venture, but closed them within days of winning the US presidential election.
December 11, 2016 - 04:55 GMT
Qatar's sovereign wealth fund, investors from Australia and China have bought a majority stake in a vital pipeline of the UK's National Grid gas network, in a deal that has prompted criticism in Britain.
December 08, 2016 - 12:00 GMT
Boeing's latest report estimates that the region’s commercial aviation industry alone will need about 92,000 cabin crew, 58,000 pilots and 66,000 technicians to meet growing demand.
December 08, 2016 - 11:00 GMT
A resumption of production from the joint oilfields would not be immediate and would be gradual, industry sources told Reuters on Sunday.
December 08, 2016 - 10:00 GMT
Part of FBN International, the nonprofit group is a platform for networking and information exchange to promote family businesses.
December 08, 2016 - 09:00 GMT
As part of Air Arabia's plans to add five aircraft a year through to 2020, the budget airline has announced expansion plans for its operations in Oman.
December 08, 2016 - 08:00 GMT
Tackling the lack of human capital in Islamic banking industry should be considered a priority, according to the chairman of Saudi Arabian Monetary Authority.
December 08, 2016 - 07:00 GMT
Mecca continues to enjoy high hotel occupancy rates from religious tourism, but permanent residents are being largely priced out of the city center, according to JLL's report on the holy city's real estate market.
December 08, 2016 - 06:03 GMT
A consortium led by the Chairman of Arab Bank is expected to conclude the billion-dollar deal in January 2017.
December 08, 2016 - 05:39 GMT
Oil prices retreated for the second day in partial response to statements from Iran's president that his country could sell as much oil as it sees fit.