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Egypt said it will launch a petrochemical complex, an oil refinery, an industrial complex for solar cells and another for wind turbines, as well as factories for textiles, foodstuffs, electrical appliances and motorcycles. (AFP/ Mohamed El-Shahed)
April 25, 2017 - 11:00 GMT
Egypt announced it will soon launch 30 projects in the Suez Canal Economic Zone worth $20 billion.
Ooredoo will list its shares on the Maldives Stock Exchange on April 30 with 40 percent of the shares available for subscription. (Ooredoo)
April 25, 2017 - 10:00 GMT
It looks like the Maldives have a stock exchange and Ooredoo plans to get listed there.
Turkish airport staff welcome Russian tourists at Antalya airport on July 9, 2016, a few months after the two countries clashed over a Russian warplane crash in Syria. (AFP/File)
April 25, 2017 - 09:25 GMT
Turkey will increase the length of visa-free stay for Russians to 90 days.
Egypt is set to finalize tenders for the mega project next month and award the contract to the winner in September this year. (File photo)
April 25, 2017 - 08:45 GMT
Global technology giants are in the race for a $1.6-billion power project being jointly developed by Saudi Arabia and Egypt.
The fashion footwear brand saw double-digit growth in Asia in 2016. (Facebook)
April 24, 2017 - 15:16 GMT
The company announced it is for sale.
The outrageous ‘Win a maid’ ad. (Twitter)
April 24, 2017 - 14:49 GMT
The recruitment agency lost its licence after it ran a competition to 'Win a maid’ in Bahrain.
On Saturday, Saudi King Salman made a rare reversal in cuts to financial allowances for civil servants. (AFP/ File)
April 24, 2017 - 14:20 GMT
Saudi Arabia posted a significantly smaller budget deficit in the first quarter than projected, according to reports.
The reported ban might have been put in place due to increasing levels of chemical pesticide residues in Jordan's agricultural products. (AFP/ Menahem Kahana)
April 24, 2017 - 11:22 GMT
News reports have indicated that the UAE took a decision to indefinitely ban the import of Jordanian vegetables.
Oman has now made it easier for tourists from Iran, India, China and Russia to visit the country with a new e-Visa system. (Pixabay)
April 24, 2017 - 10:14 GMT
Oman has raised its short stay tourist visa from $13 to almost $52.
Last year, thousands of migrant workers in Saudi Arabia were stuck without a job or pay. The issue was particularly felt in construction companies such as Saudi Oger and Saudi Binladin. (AFP/ File)
April 24, 2017 - 09:41 GMT
Saudi Arabia announced the launch of a plan to open bank accounts for domestic workers to guarantee they get their wages.
The French private equity firm will invest $1.75 billion to acquire a majority stake in an existing $2.5 billion Mubadala equity portfolio (AFP/ File)
April 24, 2017 - 06:00 GMT
UAE-based Mubadala has announced a $2.5 billion investment deal with a French private equity firm.
In April 2017, Tunisia announced a new investment law that aims to ensure equity between domestic and foreign investors. (File photo)
April 23, 2017 - 20:00 GMT
Foreign direct investment in Tunisia grew by 16.6 percent in the first quarter of 2017.
Bebe lost $13 million in the first half of its fiscal year. (Shutterstock)
April 23, 2017 - 16:59 GMT
Fashion retailer Bebe said it plans to close all its stores by the end of May.
The new plant is expected to contribute to solving the problem of transmission bottlenecks in Al-Baqair and Soba industrial zones. (File photo)
April 23, 2017 - 16:43 GMT
Sudan signed a $200 million loan agreement to build a new power station in the suburbs of Khartoum.
The current balance of trade is not in Lebanon’s favor. (Shutterstock)
April 23, 2017 - 16:15 GMT
Lebanon has signed a new agreement with Russia to facilitate the entry of more Lebanese-made goods.
A fresco at Quseir Amra desert castle near the capital Amman. (Pixabay)
April 23, 2017 - 15:34 GMT
Jordan announced that its tourism revenues rose by 14 percent in the first quarter of 2017.