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For the British energy sector, Oil & Gas U.K. said in a statement the industry is
June 26, 2016 - 06:00 GMT
Oil prices followed the global markets' plunge on Friday in reaction to the shock vote in favor of Britain leaving the European Union.
Prime Minister David Cameron in 2013 with the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. (Stefan Rousseau)
June 24, 2016 - 18:25 GMT
Extracting itself out of the EU-GCC stalled FTA process may actually breathe new life into the UK's trading relationships with the Gulf, as well as with other parts of the world.
Economists say the bilateral trading landscape between the GCC and the UK may not necessarily be harmed by Brexit. (Shutterstock)
June 24, 2016 - 12:41 GMT
GCC investments in the UK are for most part not made with the motive of accessing European markets but rather they are standalone investments made in their own right, in areas such as real estate and hospitality.
David Cameron announces that he will stand down as Prime Minister following his unsuccessful leadership of the Vote Remain campaign.  (AFP/Adrian Dennis)
June 24, 2016 - 09:37 GMT
The FTSE 100 has fallen to its lowest level since the 2008 financial crisis, with further market turmoil expected following the Brexit vote and David Cameron's resignation.
Nearly 100,000 animal rights campaigners signed a petition to protest the opening of a Sea World park in Dubai last year. (Sea World San Diego)
June 23, 2016 - 13:00 GMT
The CEO of the aquatic entertainment company reportedly met with Deputy Crown Prince Muhammad Bin Salman to discuss opportunities in Saudi Arabia.
The main reason almost all cities in the Middle East increased in rank is that their currencies are pegged to the US Dollar.  (File photo)
June 23, 2016 - 12:00 GMT
Amman and all of the major Gulf cities have jumped up in the rankings of the most expensive cities in the Middle East and globally.
The ban comes after the CSRD sentenced MMG founder Mohammad Al-Mojil and his son Adel Al-Mojil, the firm’s chairman, to five years in jail on Thursday. (Deloitte)
June 23, 2016 - 11:00 GMT
The global accountancy firm was banned from audit work for two years by Saudi Arabia’s market regulator in relation to the case against Mohammad Al-Mojil Group (MMG).
The deal with the SGRF is part of a new $275-million capital raising by Kenmare. (Shutterstock)
June 23, 2016 - 10:00 GMT
Oman’s State General Reserve Fund has acquired a 29.2 percent stake in the zircon and titanium mining company.
Microsoft CEO Satya Nadella met Deputy crown prince Muhammad Bin Salman in Silicon Valley on Tuesday. (AFP/File)
June 23, 2016 - 09:00 GMT
Under the knowledge-sharing MoU with Microsoft, the tech giant will train young Saudis in computing technology, as well as expand its systems support centre at Saudi Arabia’s royal court.
ADDED has destroyed 165,000 counterfeit and fake items seized during raids in recent months. (Pinterest)
June 23, 2016 - 08:00 GMT
The Abu Dhabi Department of Economic Development is intensifying raids and imposing heavier fines for companies selling fake products.
The EgyptAir flight was carrying 66 people on board including 30 Egyptians and 15 French nationals when it crashed on May 19 en route from Paris to Cairo. (AFP/Khaled Desouki)
June 23, 2016 - 07:00 GMT
EgyptAir has announced the $25,000 temporary compensation based on international measures of insurance as an initial tranche, 'untli further procedures can be taken'.
The academy educates military and civilian personnel in public administration, management logistics, strategic planning and analysis, rule of law and governance. (Wikimedia Commons)
June 23, 2016 - 06:14 GMT
The US Army contract is for equipment, training, sustainment and support for the Iraqi academy which educates future military and civilian leaders.
The Yemeni curriculum will be taught in coordination with the Yemeni Ministry of Education, with educational materials transformed into computer and television resources. (Tumblr)
June 23, 2016 - 05:47 GMT
A successful distance-learning pilot program is being rolled out for Yemeni students in camps for the displaced inside Yemen and refugee camps in Djibouti, sponsored by the King Salman Center for Relief and Humanitarian Aid.
Qatar's Mayhoola also owns the Valentino label. (AFP/File)
June 22, 2016 - 13:30 GMT
Qatar's sovereign wealth fund has acquired the French couture company in a deal reportedly worth $522 million.
Experts warned that the Dead Sea is on course to dry out by 2050. (File photo)
June 22, 2016 - 12:30 GMT
Seventeen companies have bid for construction of the Red Sea-Dead sea water sharing project, after the date for submission of tenders was extended by three weeks.
The Ministry of Labor and Social Development has launched a new jobs portal to help match employers with domestic workers.  (File photo)
June 22, 2016 - 11:30 GMT
Over 200 recruitment agencies have been licenses to operate in Saudi Arabia to meet the high demand for domestic help, with another 129 offices given initial approval.