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Women make up just 26.7 per cent of all its oil and energy industry profiles, the lowest percentage among the industries examined.  (Mena Herald)
August 29, 2016 - 14:00 GMT
As the energy sector undergoes a rapid transformation, the oil and gas industry is still struggling with exceptionally low female-to-male ratios when compared to other fields of work.
It takes approximately one year to drill, another year for appraisal, two to three years to hammer out a production plan and another two to three years for full production before Lebanon can begin exporting gas. (Shutterstock)
August 29, 2016 - 13:00 GMT
Two decrees on delineating the offshore blocks and laying out an exploration and production-sharing agreement remain stalled in the Cabinet.
The government originally proposed the tax rate to be 14 per cent but agreed to comprise the rate by one per cent to meet the demands of MPs calling for a lower rate. (Wikimedia Commons)
August 29, 2016 - 12:00 GMT
The VAT is expected to replace the current sales tax and broaden the tax base by subjecting all services to the tax while maintaining the principle of exempting basic goods and services that affect the poor.
Queen Rania stressed that patience is essential in every field except in education, due to the fast pace of advancements with which Jordan must keep up. (Instagram/Queen Rania Al Abdullah)
August 29, 2016 - 11:12 GMT
Queen Rania has called for essential educational reforms including improving vocational programs and revamping school curricula to meet present-day needs and standards.
OPEC’s second-largest producer, trailing Saudi Arabia, Iraq depends on oil sales for 95 percent of its public spending. (AFP/File)
August 29, 2016 - 09:54 GMT
Iraq plans to increase its output to expand its market share, despite its commitment to strengthening OPEC's role in balancing the oil market.
The new measures appear to be a response to directives issued by Saudi’s King Salman earlier this month, designed to protect foreign workers and guarantee they are paid. (File photo)
August 29, 2016 - 07:00 GMT
Saudi Arabia will provide free legal representatives in order to expedite the complaints of expat workers in court, regardless of nationality.
Airport fees have until recently been avoided by Gulf states as they seek to gain a competitive advantage for business and to become regional hubs.  (Flickr/Mohamod Fasil)
August 29, 2016 - 06:00 GMT
Qatar's new airport tax of $10 will be applied to exiting and transiting passengers, excluding infants, those that do not require an aircraft change and involuntary rerouting.
Oil producing countries will hold an informal meeting in Algeria next month though it looks unlikely that they will reach an agreement to cut or freeze production to prop up oil prices.  

 (File photo)
August 29, 2016 - 05:13 GMT
Petrol prices have gone up in the UAE as global crude oil prices recover due to talk of a possible deal between oil producing countries to stabilise oil prices at the upcoming informal OPEC meet in Algeria next month.
Uber and Careem suspended their operations in Abu Dhabi as of yesterday, August 27. (File photo)
August 28, 2016 - 13:00 GMT
Both app-based car services announced temporary suspensions without giving reasons or indications of when services would resume.
Cuts would focus on areas where there are already a high number of Kuwaiti, GCC and Bedouin teachers, such as in social sciences. (Pixabay)
August 28, 2016 - 12:23 GMT
Lists have been allegedly prepared containing the names of up to 400 teachers that can be released by the end of the upcoming school year.
Egypt's cotton output has been declining for the past decade after farmers failed to adapt to shifting consumer demand for mass-produced items made from short- or medium-staple fiber, according to USDA. (Welspun India)
August 28, 2016 - 11:00 GMT
Welspun India has has lost 42 percent of its market value after being dropped by US retail giant Target for allegedly substituting cheap cotton and falsely labelling its products as Egyptian cotton.
In July, Iran produced around 3.6 million bpd, 17 percent higher than during the first quarter of the year when initial production considerations emerged. (File photo)
August 28, 2016 - 10:00 GMT
Iran's oil minister restated that there was a responsibility to restore stability in the energy market, but reviving the country's 'lost share' was a priority.
The acquisition of Digiturk represents the largest deal in BeIN's history and a major milestone in their global expansion. (File photo)
August 28, 2016 - 09:00 GMT
Digiturk is a major pay-TV operator in Turkey with approximately 3.3 million subscribers, offering a mix of leading sports and entertainment content across 219 standard and HD national channels.
Saudi Energy Minister Khalid Al Falih stated that huge emphasis will be put in the future on foreign investments. (File photo)
August 28, 2016 - 08:00 GMT
At a US-Saudi Arabian Business Council Conference, the Saudi Energy Minister hinted that Aramco shares underwriting might be issued at the start of 2018.
The initiative was taken voluntarily by 39 international pharmaceutical companies, saving up to Dh267 million for patients in one year.  (File photo)
August 28, 2016 - 07:00 GMT
The reduction was part of the seventh and final medicine price reduction initiative launched by the ministry five years ago.
Unplanned oil production outages in a number of OPEC countries also contributed to lower export earnings.  (AFP/File)
August 28, 2016 - 06:00 GMT
Low oil prices have eaten into export revenues of OPEC countries, with earnings dropping 46 percent in 2015 to $404 billion from $753 billion in 2014.