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Passenger demand was boosted by lower airfares in 2015. (Twitter)
February 07, 2016 - 13:12 GMT
The International Air Transport Association (IATA) reports that the Middle East airlines carried the highest percentage of international travelers in 2015.
Non-OPEC suppliers such a the US and Brazil rely on break-even costs above current prices. (Shutterstock)
February 07, 2016 - 12:42 GMT
A new Bank of America Merrill Lynch report suggests that OPEC will have to increase production considerably to keep up with lower outputs from non-cartel producers.
(Shutterstock/endermasali)
February 07, 2016 - 11:50 GMT
With phone call rates among the highest in the world, Saudis and expats are rejoicing over the lifting of the ban on calls over the internet-based messenging service.
The route will run between Shahid Rajaee and Sohar and will carry agricultural products and perishables between the two countries. (Ana.ir)
February 07, 2016 - 10:00 GMT
The new bi-monthly shipping route is part of Iran's grand plan to build a south to north economic corridor from Oman through to Turkmenistan.
A hybrid taxi in Dubai. (Pinterest)
February 07, 2016 - 09:11 GMT
The hybrid taxi fleet was beefed up last year after 147 hybrid taxis were added to the existing cars.
Genel has received a total of $16.3M from the KRG for oil exported through a pipeline through Turkey. (Twitter)
February 07, 2016 - 08:24 GMT
The Kurdish government has sold approximately 19 million barrels since it began independent oil exports in June.
The website will also offer a ‘Click & Reserve’ In-Store Service for customers to collect online orders froom 25 stores in the region. (The Style Circle)
February 07, 2016 - 05:43 GMT
The iconic British retailer has launched an online store and home delivery in the UAE, Qatar, Oman, Bahrain and Kuwait.
Oil prices are currently hovering around $32 per barrel. (Shutterstock)
February 04, 2016 - 14:00 GMT
Despite the continuous downward spiral of oil prices, Goldman Sachs, Citigroup and a poll by Bloomberg predict a gain in prices by end year.
For the Sobha Group to make an entry into the same space represents a major tweak in strategy. (Shutterstock)
February 04, 2016 - 13:00 GMT
The luxury property developer aims to offer high quality accommodation at low prices, filling a much-needed gap in Dubai's housing market.
Egypt has been undper pressure to improve its security measures following the downing of a Russian plane in October. (Travel Daily News)
February 04, 2016 - 12:00 GMT
Two new explosive detectors will be installed at checkpoints on the road to Cairo International Airport.
About 24 percent of samples taken from the plants were found contaminated by E.coli bacteria. (Thermomed.com.tr)
February 04, 2016 - 11:00 GMT
A new study has found that the majority of the Kingdom's drinking water bottling plants do not comply with hygiene and environmental protection regulations.
The plant will push forward the green agenda and generate jobs for Bahrainis. (File photo)
February 04, 2016 - 10:28 GMT
The Solar-1 project will have an initial $2.65M investment and aims to produce 60,000 panels annually.
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Reports last month suggested Barclays was looking to cut up to 1,200 jobs worldwide and shut securities operations across Asia. (HITC)
February 04, 2016 - 09:00 GMT
Barclays announced that it will close its Emaar Square offices in Downtown Dubai and cut jobs as part of a worldwide restructuring.
Lafarge Holcim workers overlooking their cement plant in Jordan. (Lafarge Holcim)
February 04, 2016 - 08:00 GMT
Lafarge Jordan awaits approval on a proposed plan to develop the site of cement factory site into a green residential scheme.
The new Recognised Membership application process will help bring the markets of Egypt and the UAE closer together. (AFP/File)
February 04, 2016 - 07:00 GMT
Dubai's stock exchange has streamlined the membership process to facilitate Egyptian brokerages' easier participation.
The Charter will also inform a new draft law which would protect online media outlets and their employees. (Wikimedia Commons)
February 04, 2016 - 06:00 GMT
Over a dozen news websites have signed a Charter of Honor for Electronic Websites, in an attempt to set principles governing electronic media in Lebanon.