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The integration process is planned to start immediately and is expected to be completed within the next 12 months. (File photo)
December 11, 2016 - 13:10 GMT
The world's largest LNG producer is integrating the activities of two of its operating companies to be henceforth known as Qatargas.
Demand could decline if US interest rates move higher and if the Chinese yuan depreciates in a disorderly fashion. (File photo)
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.
The Smart Cities Council includes a global network of smart city practitioners and innovators dedicated to improving the livability, workability and sustainability of the world’s cities. (Shutterstock)
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.
Headquarters of the International Labour Organization in Geneva, Switzerland. (ILO)
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.
The 100-bed facility is due to open in 2018 at Dubai Hills within Mohammed bin Rashid City under a joint venture between Al Tayer Group Dubai Investments and UK-based Ashmore Group. (Gulf Business)
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.
An Austrian soldier stands guard outside the OPEC headquarters on the eve of the 171th meeting of the Organization of the Petroleum Exporting Countries in Vienna. (AFP/Joe Klamar)
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.
Trump has made millions of dollars from his deals with Saudi Arabia, which included leasing an apartment to former al-Qaeda boss Osama bin Laden’s half-brother. (AFP/Drew Angerer)
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.
The sale has raised huge concerns about a major part of UK infrastructure being sold to foreign investors. (Shutterstock)
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.
The recruitment of aviation personnel in MENA will be one of the largest in the world. (File photo)
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.
Saudi Arabia and Kuwait will cut output from their producing oil fields to allow for any increase from the Wafra and Khafji fields between the two countries. (AFP/File)
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.
Family businesses, which constitute up to 85 percent of the private sector, play a big role in the economy and society.(Shutterstock)
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.
Passenger traffic in MENA is expected to grow between 7 per cent to 10 per cent per annum next year. (File photo)
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.
The 23rd World Islamic Banking Conference took place 5-7 December 2016 in Bahrain. (Twiiter/WIBC2016)
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.
As with other major cities in Saudi, Makkah is facing an acute shortage of affordable housing. (File photo)
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.
Arab Bank is one of the largest privately owned banks in the Arab world. (File photo)
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.
OPEC and other producers meet again during the weekend to discuss the terms of last week's agreement from Vienna.
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.