Shell has used modern technology in the seismic survey phase of the field and dug one of the deepest wells in the western desert. (File photo)
September 01, 2016 - 04:55 GMT
The new natural gas field has initial estimated reserves of about 500bn cubic feet with more possible reserves, placing the new field among the largest natural gas discoveries in the western desert in past years.
This is the first commercial licence in the field of ICT in KSA and it is also the first commercial license in Saudi Arabia to a Chinese company. (Huawei)
August 31, 2016 - 13:49 GMT
The Chinese telecoms company has been granted a license to operate in Saudi Arabia with 100 percent ownership.
Energean has operated oil and gas-producing assets since 1981, and currently holds four licenses in Greece and one in Egypt. (
August 31, 2016 - 13:00 GMT
The deal with Energean, a relative newcomer, signals the opening of Israel's natural gas market that was once monopolized by the Delek Group.
Local transport authorities have been looking to regulate the taxi service market in the UAE. (Careem)
August 31, 2016 - 11:00 GMT
The taxi-sharing app resumed services, five days after reports of their drivers detained. Rival Uber suspended activities as a precautionary measure and remains offline.
According to the Ericsson Consumerlab report, 68 percent of the Lebanese population own at least two or more connected devices. (The Daily Star/Khalil Hasan)
August 31, 2016 - 10:00 GMT
Ericsson's latest study of the Lebanese telecom sector shows a high volume of mobile-dependent, socially-connected users despite limited broadband coverage and high cost of data.
Under discussion is the need for workers to be trained in procedures like verifying the identity of passengers and travel documents to meet the threats of terrorism. (AFP/File)
August 31, 2016 - 09:00 GMT
Participants at the Global Ministerial Aviation Summit in Riyadh have discussed key issues such as passenger safety standards, congestion, safety management, and the relationship between civil aviation and military.
More than 6,000 tax dispute cases worth about 47 billion Egyptian pounds are in the court system, in addition to 150 civil disputes. (AFP/Asmaa Waguih)
August 31, 2016 - 08:00 GMT
In a move to lure back foreign investors, Egypt's lawmakers have approved legislation to expedite pending tax dispute cases, currently worth $5.2B. said it recorded an 8 per cent drop in traffic from the UK immediately after the Brexit vote, although this had begun to reverse in recent weeks. (File photo)
August 31, 2016 - 06:56 GMT
Reduced sale prices for Dubai property and a drop in interest UK investors are two distinct effects being felt in the aftermath of the UK's decision to leave the EU.
According to Visa, 76 percent of UAE and 58 percent of Saudi Arabia millennials shop online. (Pexels)
August 31, 2016 - 06:20 GMT
The GCC e-commerce market is expected to grow to $20 billion by 2020, driven by millennials' preference for online shopping.
MoUs were also signed on the construction of a new city in Al-Asfar suburb, and on the Silk Road executive development program. (Saudi Press Agency)
August 31, 2016 - 05:17 GMT
Saudi's minister of defense and Chinese Vice Premier Zhang Gaoli met on Tuesday and signed a flurry of agreements in the energy, mining, housing medical and publishing sectors.
Under the revamp, primary and secondary schools will introduce a new course on IT and programming. (File photo)
August 30, 2016 - 14:00 GMT
Dubai's Sheikh Mohammed has approved a plan which includes new subjects, evaluation policies, a reading program, teachers development, programs for gifted students and more.
Most expats in the region agree that it is not necessary to speak Arabic to get by in everyday life, especially in Bahrain, Oman, and the UAE, where Arabic and English are the main business languages. (File photo)
August 30, 2016 - 13:00 GMT
The third annual InterNations Expat Insider 2016 survey ranks Bahrain as the number one destination for expats in the GCC, especially in terms of childcare and education.
Under the proposed scenario, the Iraqi government would be shipping about 150,000 barrels per day of oil through Iran that is being produced from the fields in Kirkuk. (File photo)
August 30, 2016 - 12:08 GMT
Ahead of the Iraqi government and KRG meeting to address the oil payment dispute, Baghdad has announced that it will find a way to sell oil with or without an agreement.
Egypt's tire sales have not recovered despite a traditional uptick in purchases over the summer. (Pixabay)
August 30, 2016 - 10:30 GMT
Egypt's tire sales are down nearly 65 percent compared to the same period last year, as foreign manufacturers raise prices to combat high dollar exchange prices.
Integrating SMEs into the Expo is expected to further stimulate employment, strengthen existing industries, improve SME competitiveness and contribute to sustainable economic growth.  (Expo 2020)
August 30, 2016 - 09:30 GMT
SMEs, which account for nearly 94 per cent of the total number of UAE companies, are expected to get a boost while playing an important role in delivering the Expo.
Kuwait spent KD300m ($995.8m) for treatment of citizens abroad between January 1 and August 15, according to local reports. (File photo)
August 30, 2016 - 08:30 GMT
The budget was designed to protect the country’s reputation with foreign hospitals after warnings that several could resort to legal action over KD150m ($497.9m) of unpaid dues from its overseas treatment program.