Recent

The LuLu group chairman announced that they have already invested SR1 billion in Saudi Arabia and intend to further invest SR800 million in the next two years. (YouTube)
May 30, 2016 - 10:00 GMT
At the inauguration of its 125th store worldwide and seventh in Saudi Arabia, the Abu Dhabi-based retailer eyes further expansion in the Kingdom.
Investment in roads, infrastructure, water, sewage and desalination plants are being made thanks to Arab development fund grants. (Shutterstock)
May 30, 2016 - 09:00 GMT
The project aims to reclaim and cultivate 620,000 acres, create new urban communities, and link Sinai to the more populous Delta area.
Shangri-La Hotel, Qaryat Al Beri, Abu Dhabi. (Shangri-La)
May 30, 2016 - 08:15 GMT
As of June 1, guests at Abu Dhabi hotels will have to pay a municipal fee amounting to 4 per cent of their hotel bill and a daily charge of Dhs 15 charge per room.
The use of shocking images on cigarette packaging has been introduced in Australia. (Globedia)
May 30, 2016 - 06:00 GMT
Ahead of World No Tobacco Day, the UAE is doing more to raise public awareness about smoking hazards and to discourage smoking.
Over the past two years, Jordan has been importing liquefied natural gas (LNG) from Qatar, and from Royal Shell, Vitol, and others. (Shutterstock)

(Shutterstock)
May 30, 2016 - 05:12 GMT
A senior representative from Noble Energy says that the company is in the process of 'consummating a contract' to export gas from the Leviathan gas reservoir to Jordan.
The Swissotel, Movenpick Hajar Tower and Mecca Clock Royal Tower Hotels in Mecca. (Booking.com)
May 29, 2016 - 12:24 GMT
Continuing its drive to create more job opportunities for Saudi citizens, the labor ministry is setting a new goal for Mecca's hotels and tourist resorts.
The Americana Group also includes Costa Coffee, Baskin Robbins and Krispy Kreme franchises. (Americana Group)
May 29, 2016 - 11:00 GMT
The Gulf consortium led by Mohamed Alabaar scrapped plans to acquire a 69 percent stake in the food company.
Shop rents have dropped from SR3,000 to SR500 per month. (File photo)
May 29, 2016 - 10:00 GMT
As the deadline for the Saudization of the telecoms industry approaches, the closing of shops has led to a steep fall in rents.
Project Blue, a firm owned by the Qatar Investment Authority, had used a type of Islamic finance that meant a bank actually owned the property.  (E-architect.co.uk)
May 29, 2016 - 09:00 GMT
A UK court has ruled that HM Revenue & Customs pursued the wrong party for taxes in the sale of Chelsea Barracks to Qatar Investment Authority in 2007.
The report outlines the dynamics that force children to work instead of attend school. (ILO/Tabitha Ross)
May 29, 2016 - 08:00 GMT
The Euro-Mediterranean Human Rights Monitor and Syrian Network for Human Rights estimate that at least 60,000 Syrian refugee children in Jordan are working in dangerous conditions.
Ahead of an Iranian delegation to Saudi on Tuesday, Iran sent a letter listing its rightful demands and propositions aimed at ensuring safety for Iranian nationals during the Hajj.  (Wikimedia Commons)
May 29, 2016 - 07:00 GMT
Hajj plans for Iranian pilgrims go down to the wire as talks between Saudi Arabia and Iran continue today.
The Hezbollah International Financing Prevention Act is a bill introduced in 2014 that sought to impose on institutions that facilitate transactions on behalf of Hezbollah or its agents. (File photo)
May 29, 2016 - 06:00 GMT
White House official Adam Szubin has said that recent sanctions and legislation have been effective in choking Hezbollah's finances.
Lockheed Martin would be the principal contractor for the sale. (Wikipedia)
May 29, 2016 - 05:00 GMT
The $20 million FMS package would involve 50 Javelin Guided Missiles and 10 Command Launch Units and be contracted to Lockheed Martin.
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.