Egypt is hoping to formalize an additional $1.5B in loans from the World Bank and African Development Bank by the end of the year. (Shutterstock)
November 25, 2015 - 07:11 GMT
The Kuwait Fund for Arab Economic Development have agreed to a five-year financing agreement that will boost housing and power projects.
The Cyprus exploration has raised Lebanon's hopes that their hydrocarbon industry will also attract developers. (Shutterstock)
November 25, 2015 - 06:42 GMT
The new British Gas plans to develop Cyprus' hydrocarbon industry has given hope to Lebanon for future spoils - but can they overcome political obstacles?
Fakih IVF is looking to expand within the UAE and the GCC region. (Courtesy of
November 24, 2015 - 22:18 GMT
Abu Dhabi-based NMC Health announced that it has entered into an agreement to acquire a 51 per cent shareholding in Fakih IVF Group for Dh696 million.
Glowork seeks to empower Saudi women in business in Saudi Arabia. (LinkedIn)
November 24, 2015 - 21:52 GMT
Glowork, a Saudi agency that matches job-seeking Saudi women to jobs online, took home the social entrepreneurship award at the second iteration of the 2015 Emirates Award for Arabian Gulf Youth.
The investment will be used to produce oil equipment locally in Egypt. (Al Bawaba/File)
November 24, 2015 - 17:22 GMT
China Petroleum and Technology Development Corporation (CPTDC) intends to invest approximately $10m in Egypt, Li Qitang, Egypt’s chief office representative, told Daily News Egypt.
Sharjah will be the first location in the Middle East to have smart bins with Wi-Fi. (Twitter)
November 24, 2015 - 16:37 GMT
The UAE plans to install innovative solar-powered bins across Sharjah that double as hotspots, in line with the country's Innovation Week.
The study found that wearable banking will witness a faster adoption rate than mobile banking. (File photo)
November 24, 2015 - 14:00 GMT
A new study by Juniper Research has found that the future of banking includes the use of apps accessed via smartwatches.
UAE Innovation Week is hosting 900 activities across the country  to foster innovation across education, health, judiciary, human resources and other sectors. (Twitter)
November 24, 2015 - 13:00 GMT
The new initiative will provide funding and loans to innovators working in collaboration with UAE financial entities as part of a nationwide sustainable development strategy.
Front Row Filmed Entertainment are the Middle East distributors for the latest Drew Barrymore and Toni Collette rom-com, 'Miss You Already'. (Facebook)
November 24, 2015 - 12:00 GMT
The media group continues its push into movies and entertainment content with a new deal with the Dubai-based Middle East film distributor.
FGB has slashed nearly 100 jobs in the UAE last week, with plans to cut 15,000 jobs globally by 2018. (UAE Interact)
November 24, 2015 - 10:40 GMT
First Gulf Bank, the UAE's third largest lender, follows Standard Chartered and HSBC in cutting jobs in response to worsening economic conditions.
An estimated 15 percent of smartphone users in Saudi Arabia are using apps for free calls. (Gadgets.Ndtv)
November 24, 2015 - 10:18 GMT
Saudi Arabia's Communications and Information Technology Commission quashes rumors that free net-based apps such as Tango and Whatsapp would be blocked.
Iran's economy is more diversified than that of the UAE, according to the IIF. (Shutterstock)
November 24, 2015 - 09:37 GMT
Washington-based Institute of International Finance expects Iran's economy to increase by six percent in 2016, compared to MENA's combined growth projection of three percent.
Industry experts are moving quickly to seal deals with Egypt. (Shutterstock)
November 24, 2015 - 06:16 GMT
Egypt's major gas discovery may lead to future self-sufficiency, but in the immediate term, Israel may still meet Cairo's needs.
Bilateral trade volume  between Jordan and the UAE exceeded $1B last year. (Ciel Voyages)
November 24, 2015 - 05:51 GMT
Officials from the UAE are headed to Amman this week for the first bilateral economic forum aimed at exploring ways to boost investment opportunities between the two countries.
Emirates group is exploring the possibility of using driverless cars to transport parts between the hangars. (Wikipedia)
November 24, 2015 - 00:23 GMT
Emirates, the world’s biggest airline by international passenger traffic, conducted a trial using a drone to inspect an aircraft earlier this year and is now looking at using driverless cars as it explores new ways to improve efficiency.
Though GCC governments depend heavily on oil revenue, declining oil prices are pressuring them to diversify their sources of revenue. (Al Bawaba/File)
November 24, 2015 - 00:03 GMT
With the current oil price being lower than the breakeven oil prices, the fiscal surplus of GCC countries, which stood at 4.6 per cent of the combined gross domestic product in 2014, is expected to turn into deficit to the tune of 7.9 per cent of GDP in 2015.