OPEC holds its next meeting in June, and comments from OPEC officials suggest it will not alter the policy.
April 01, 2015 - 21:57 GMT
OPEC oil supply has jumped in March to its highest since October as Iraq’s exports rebounded after bad weather and Saudi Arabia pumped at close to record rates.
Nawroz said that Kurdistan has a great investment potential, with its government currently revising laws and regulation to attract more investors.
April 01, 2015 - 21:52 GMT
Emaar and Meydan are biggest foreign investors in Middle East country’s autonomous region
Families from Saudi Arabia accounted for 15 per cent of guests in Sharjah’s hotels in January 2015 compared to 13 per cent a year earlier.
April 01, 2015 - 21:47 GMT
The occupancy numbers coincide with school holidays in the UAE and other Gulf countries that started last Friday, March 29, and end on Thursday, April 9.
Costs would be higher if some planes used bases far from the Yemeni border, requiring air-to-air refuelling, and any loss of aircraft would quickly push up the expense.
April 01, 2015 - 21:42 GMT
Despite a record budget deficit caused by low oil prices, Saudi Arabia can easily afford its military intervention in Yemen.
He also called on them to invest in a commercial zone to be established near the extended Suez Canal.
April 01, 2015 - 21:32 GMT
The widening of the Suez Canal and the new commercial zone are both part of Egypt's Suez Canal Development mega-project.
China set a March 31 deadline to become a founding member of the AIIB, an institution that could enhance Beijing's regional and global influence.
April 01, 2015 - 21:18 GMT
Israeli companies are increasingly turning to Asia to capture a boom in demand for their technology.
In 2011, it launched the Apple Online Store UAE, which offers a range of products, such as iPhones, iPads, iPods and MacBooks.
April 01, 2015 - 15:08 GMT
iPhone maker reportedly preparing to open its largest store globally in Dubai or Abu Dhabi this year
Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear programme would be reached that could allow more Iranian crude onto world markets.
April 01, 2015 - 13:33 GMT
Oil futures edged lower on Wednesday amid speculation that a last-minute deal over Iran's nuclear programme.
The kingdom already boasts a well-established Islamic banking sector, with the first such bank having opened in 1978.
April 01, 2015 - 11:44 GMT
Only one corporate sharia-compliant bond has been issued so far in Jordan.
“At no point was the aircraft, passengers or crew at risk.”
April 01, 2015 - 11:36 GMT
An Emirates flight and an Etihad plane, which were travelling in opposite directions, nearly collided with each other over the Indian airspace on Sunday night.
Egypt has been the second-largest recipient of U.S. foreign aid since its peace treaty with Israel in 1979.
April 01, 2015 - 08:25 GMT
The United States announced on Tuesday it was lifting its hold on the supply of military equipment to Egypt.