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A foreign ministry spokesman said the Swiss government had blocked about $650 million in the case of Egypt, and $61 million in the case of Tunisia. (Twitter)
May 26, 2016 - 13:26 GMT
A new law allowing Swiss authorities to seize and return illicitly-acquired funds from Swiss banks will come into effect in July.
Analysts had earlier predicted that Qatar's bond would only be valued at $5 billion. (File photo)
May 26, 2016 - 12:56 GMT
The sale will help to bridge Qatar's budget deficit, which is expected to reach $12.8B this year due to persistently low oil prices.
Last year, Iraq secured $1.7 billion in loans from the World Bank and $833 million from the IMF. (YouTube)
May 26, 2016 - 12:24 GMT
Following the IMF's decision to grant Iraq with a $5.4B standby loan, news of the IsDB loan will offer some respite to the country's $20.5B deficit.
The agreement was signed yesterday during a ceremony at Al Jazeera headquarters in the Qatari capital Doha.  (AFP/Tuck/Ullstein Bild)
May 26, 2016 - 11:07 GMT
The agreement allows Turkey's Anadolu Agency News Academy and Al Jazeera's Media Training and Development Centre to hold joint training programs and exchanges.
Jordan used to receive around 10,000 barrels per day of crude oil from Iraq before Daesh militants controlled several parts in western Iraq, causing a complete halt to shipments. (Shutterstock)
May 26, 2016 - 10:39 GMT
Baghdad recently announced route changes to the highly-anticipated pipeline in order to expedite construction of the $15B project.
The merger negotiations between CBC and AlNahar lasted nine months. (Scoop Empire)
May 26, 2016 - 10:19 GMT
After nine months of intense negotiations the two major networks will create an umbrella holding company with global aspirations.
The IsDB and THY will also cooperate within the framework of the Parties’ Social Responsibility Program in the transportation and distribution of hajj meat provided to the poor, health, and education.  (Twitter)
May 26, 2016 - 08:00 GMT
Turkish Airlines will provide aviation training and tech support to 56 of the IsDB's member countries.
Etihad has embarked on a strategy of buying up stakes in airlines from Australia to Italy in bid to grow its network. (File photo)
May 26, 2016 - 07:00 GMT
Etihad Airways and minority-owned airlines Air Berlin, Air Serbia, Air Seychelles and Alitalia will use the funds for capital expenditure, fleet investment and refinancing the individual carriers.
The development will include 2 square kilometres of residential units and create more than 200,000 jobs.  (Ventures on Site)
May 26, 2016 - 06:00 GMT
The joint venture between Mountain View-Sisban and Egypt's Ministry of Housing is one of the first major projects in Egypt based on a public-private partnership.
Earlier this week, Reuters reported that the bank had cut 15 per cent of its workforce of 70 employees. (File photo)
May 26, 2016 - 05:00 GMT
The investment bank released a statement to insist that the slashed jobs do not have a significant impact on the firm's performance and balance sheet.
A study on pollution with the Regional Organization for the Conservation of the Environment of the Red Sea and Gulf of Aden (PERSGA), is expected to be released soon. (Arab News)
May 25, 2016 - 13:00 GMT
Claims by a former environmental professor at King Abdulaziz University over pollution on Jeddah's beaches have been rejected by the head of the Presidency of Meteorology and Environment.
Doha Bank is the worst performing lender on the Qatar Exchange Index, having been hit by negative S&P ratings due to an expected further deterioration in its asset quality. (File photo)
May 25, 2016 - 12:00 GMT
Bank liquidity in the GCC has been hit by a more than 50 per cent slide in crude prices since mid-2014, forcing banks to redefine its business models.
Presenter Nicole Tannoury appears on the list of employees reportedly axed by Al Arabiya. (YouTube)
May 25, 2016 - 10:17 GMT
Saudi Akhbaar24 reports that Al Arabiya has slashed jobs including those of Lebanese presenter Gisele Habib, veteran journalist Nasser al-Sarami, and presenter Nicole Tannoury.
Under Algerian law, foreign channels must broadcast their content from abroad but dozens of satellite television channels have been broadcasting news and social programs from Algeria. (Twitter)



(Twitter)
May 25, 2016 - 09:00 GMT
As the Algerian government takes steps to regulate the media sector, it was revealed that only five out of 60 satellite channels in Algeria are licensed.
The Marasi Business Bay is a 12km waterfront scheme comprising shops, restaurants, a 1,250-berth marina and a park. (Marasi Business Bay)
May 25, 2016 - 08:00 GMT
Dubai Holding has unveiled its seven-year plans for Marasi Business Bay, a new marina development along the Dubai Water Canal.
Allegations about the UAE’s suitability to chair KP from the CSC were “strongly refuted and rejected” by the UAE.   (Shutterstock)
May 25, 2016 - 06:00 GMT
The UAE hosts its first meeting as chair of the 'blood diamond' regulatory group, despite doubts over its suitability to chair were raised by representatives from the Kimberley Process Civil Society Coalition.