According to industry expert Shaheen Chohan, oil prices could drop to $60 a barrel in the next 12-18 months. (Al Bawaba/File)
October 05, 2015 - 16:53 GMT
While the Middle East still has one of the lowest break-even prices for crude oil, falling oil prices will put pressure on fiscal budgets and could result in a knock-on effect as governments reduce spending on certain projects.
Rotana's Al Marwa Rayhaan hotel in Mecca. (Agoda)
October 05, 2015 - 11:26 GMT
Rotana grabs a bigger share of Saudi Arabia's hotel market, the largest in the Arab world.
Karpowership works on a power-generating ship off the coast of Zouk Mosbeh, just north of Beirut. (Shutterstock/Canghai76)
October 05, 2015 - 10:37 GMT
'Karpowership' contracted by state-run EDL denies registering over 50 Turkish professionals under fraudulent job titles.
HH Sheikh Mohammed Bin Rashid Al Maktoum with Mr. David Thomson during the #2015GIES opening ceremony. (Twitter)
October 05, 2015 - 10:07 GMT
The event will be examining the seven core pillars within the Islamic economy, including halal tourism and Islamic finance.
The Dubai Parks and & Resorts project will include three theme parks and over 65 restaurants. (The Arab Weekly)
October 05, 2015 - 09:24 GMT
Bridges contract is for the 25 million sq foot project which will include Motiongate, Bollywood Parks, and Legoland Park and Legoland Water Park.
Egypt's President Sisi and Ethiopian PM Desalegn had previously confirmed the date of the meeting at the UN General Assembly. (File photo)
October 05, 2015 - 09:10 GMT
Ethiopia's latest meeting with Sudan and Egypt to resolve building of Africa's largest hydroelectric power plant has been postponed again.
The Etisalat ad showed a father slapping his son. (Screenshot)
October 04, 2015 - 20:28 GMT
Egypt's Consumer Protection Authority (CPA) banned an Etisalat ad for featuring domestic violence.
The Ferrari GTB 488 will be unveiled for the first time in the Middle East at the Luxury Motor Show (EXCS) this October. (Twitter)
October 04, 2015 - 19:29 GMT
The 9th edition of Luxury Motor Show (EXCS), the prominent luxury motor show in the Middle East, is expected to reveal most important automotive industry technologies and trends and host premier luxury models of 2016.
The camp is a national project for college students that will include economics and investment workshops. (Twitter)
October 04, 2015 - 18:23 GMT
An investment camp for youth will kick off tomorrow, October 5, to encourage those interested in trade and investment.
Saudi Prince Al Waleed Bin Talal Al Saud is the wealthiest Arab in the world with $22.6 billion. (Al Bawaba/File)
October 04, 2015 - 17:15 GMT
There are nearly 6,000 ultra high net worth (UHNW) individuals in the Middle East with a combined net worth of $995 billion, according to a Wealth-X study. Forty-five percent of these individuals live in Saudi Arabia and the UAE
The loan is designated for a $2.8 billion sanitation project that targets 155 rural Egyptian villages. (Twitter)
October 04, 2015 - 16:49 GMT
Egypt signed an agreement on Sunday with the World Bank for a $550 million loan to fund the country's rural sanitation project.