This is for the first time a Saudi monarch is visiting Indonesia after the visit of King Faisal 46 years ago. (AFP/File)
February 23, 2017 - 12:00 GMT
King Salman will embark on a five-nation Asian tour next week, which includes the first Saudi royal visit to Indonesia in 46 years, and the first-ever Saudi royal visit to Japan.
A member of Egypt's richest family, Sawiris is chairman of Orascom Development Holding, which operates tourist resorts and real estate projects in Egypt and Europe. (Wikimedia Commons)
February 23, 2017 - 11:00 GMT
Egyptian billionaire Samih Sawiris says that the country's currency flotation has increased the appetite for investments in Egypt, but economic recovery will take time.
A total of 133 private and international schools across the kingdom will soon shift to new buildings under construction following the new rules.  (YouTube)
February 23, 2017 - 10:00 GMT
The majority of Jeddah's private schools are affected by a new requirement by Saudi's Ministry of Education to move to buildings more suitable for education within two academic years.
The government aims to hold a practical discussion to define the taxes and fees that should be applied, with the least impact on the economic growth and on the low-income class. (AFP/File)
February 23, 2017 - 09:00 GMT
Lebanese Prime Minister Saad Hariri insists that discussions on new taxes and fees are ongoing to secure the balance between interests of citizens and different economic sectors.
Among several economic measures, the government has recently decided to raise the renewal fees of passports for Gazan residents in Jordan from JD25 to JD200. (File photo)
February 23, 2017 - 08:00 GMT
Jordan's decision to extend the validity of Gazans’ temporary passports from two to five years follows the announcement of a steep price hike from JD25 to JD200 for their renewal or replacement.
The venue, located just minutes from Hamad International Airport and in the centre of the urban development of Qatar’s capital Doha, is scheduled for completion by 2020. (AFP/File)
February 23, 2017 - 07:15 GMT
A joint venture between Qatar's Al Jaber Engineer (JEC) and Turkey's Tekfen Construction has been awarded the main construction contract for the World Cup stadium in Thumama, Doha.
Brent crude oil prices remain at one of the lowest levels in real terms in decades. (File photo)
February 23, 2017 - 06:42 GMT
Bank of America Merrill Lynch has revised average oil prices down to $50-$70 from $55-75 until 2022.
Yemen’s President Abed Rabbo Mansour Hadi called on his government to focus on power, water, roads, health and education in retaken areas. (AFP/File)
February 23, 2017 - 05:33 GMT
Saudi Arabia has allocated $10 billion for the reconstruction of liberated provinces, including $2 billion as a deposit in the central bank to shore up the Yemeni riyal.
PepsiCo's CEO also confirmed that a new beverages plant is set to officially open in Dubai this month.  (Shutterstock/Ioan Panaite)
February 22, 2017 - 13:00 GMT
The PepsiCo beverages plant, set to open later this year in Jeddah, will manufacture the company’s wide portfolio of carbonates including Pepsi, Mountain Dew, Mirinda and Gatorade.
Viu already operates in Indonesia, Malaysia, India, Hong Kong and Singapore, and is now available for users in the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Egypt and Jordan. (
February 22, 2017 - 12:00 GMT
Users across the region now have access to tens of thousands of hours of local, regional and international premium entertainment via Vuclip's direct to consumer video-on-demand service.
The appointments come in line with a goal outlined in the Saudi Vision 2030 reform plan to increase the participation of women in the workforce from 22 percent to 30 percent.  (Arab News)
February 22, 2017 - 11:00 GMT
Following Sarah Al-Suhaimi's appointment to chair the Tadawul, Rania Nashar has been named CEO of Samba Financial Group, and Latifa Al-Sabhan has been appointed chief financial officer of Arab National Bank.
It has been estimated that over the next 20 years, cities across the world will invest approximately $41 trillion on technologies to offer improved services. (Shutterstock)
February 22, 2017 - 10:00 GMT
The 6th Annual Arab Future Cities Summit Qatar 2017 will be held under the theme ‘Advanced Technologies Transforming Qatar’s Future’ from April 10 to 11 at The Ritz-Carlton, Doha.
There is also a need to improve internet connectivity in Lebanon for banks to be able to provide fintech services in an effective way. (Shutterstock)
February 22, 2017 - 09:00 GMT
Lebanese banks need to cooperate and standardize the use of fintech as is the case with European banks, according to an e-strategy expert.
The UK-based company had earlier racked up £21 million (Dh95 million) in pre-tax losses in June 2016.  (Twitter/Balfour Beatty)
February 22, 2017 - 08:00 GMT
UK construction giant Balfour Beatty has reached an agreement to sell the Group's entire share in Dutco Balfour Beatty and BK Gulf to its Dubai-based partner in a deal expected to be worth $13.7M.
Some importers are not happy with the deal, saying the rate of the dollar that they will have to pay their credit lines with is still too high for them to afford. (File photo)
February 22, 2017 - 07:00 GMT
Egypt Central Bank has agreed with the Egyptian Federation of Investors Associations to settle dollar debts resulting from the exchange rate differences after the pound's float in November.
Before the outbreak of civil war, Libya was producing about 1 million bpd.  (AFP/File)
February 22, 2017 - 06:10 GMT
The head of the National Oil Corp. of Libya met with Rosneft Chairman Igor Sechin to lay the groundwork for investments in the Libyan oil sector.