Recent

Tadawul’s previous sector classification had limitations as it was not based on global classification standards. (File photo)
December 04, 2016 - 06:08 GMT
Adopting the GICS by January 2017 will enhance transparency in the local market and allow international investors access to better information on the performance of local sectors in Saudi Arabia.
In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the western desert and Gulf of Suez. (File photo)
December 04, 2016 - 06:00 GMT
In its latest drive to lure back foreign investors to its energy sector, Egypt has received six bids for oil and gas exploration.
Impression of Mina Sultan Qaboos Waterfront Project. (OmanGBNews)
December 01, 2016 - 14:01 GMT
Omran holds 51 percent of the operating company launched to develop the 64-hectare Mina Al Sultan Qaboos Waterfront and is launching the first phase of development while waiting for potential partners to come onboard.
Careem has experienced rapid growth since its lauch four years ago. (File photo)
December 01, 2016 - 12:00 GMT
App-based car booking service Careem plans to add 15 cities in Turkey, Saudi Arabia, Egypt and Pakistan to its current roster of 47 cities.
The new group will seek to encourage self-regulation among advertisers, agencies and publishers. (Flickr/Elvert Barnes)
December 01, 2016 - 11:00 GMT
A new advertising industry association which includes brand giants PepsiCo, Emirates, Google and Unilever aims to promote ethical, responsible advertising in the Middle East.
Algerian Prime Minister Abdelmalek Sellal: Tunisian Assembly President Mohamed Ennaceur; the Emir of Qatar, Tamim bin Hamad al-Thani; Tunisian President Beji Caid Essebsi, French Prime Minister Manuel Valls and Tunisian Prime Minister Youssef Chahed at Tunisia 2020.  (AFP/Fethi Belaid)
December 01, 2016 - 10:00 GMT
Tunisia's International Investments Conference 2020 assembled global leaders under the theme of 'Road to Inclusion, Sustainability and Efficiency.'
Al-Rajhi Bank is the largest Islamic bank in the world, with assets of SR331.4 billion ($88 billion) at the end of first half of 2016. (Al Rajhi Bank)
December 01, 2016 - 09:00 GMT
Saudi Islamic banks will continue to operate in a tougher environment due to slower financing growth, but liquidity has now stabilized with the recent government injection.
The finance for this water project is also in response to Jordan’s call to help in dealing with the consequences of the Syrian crisis. (AFP/File)
December 01, 2016 - 08:00 GMT
The French Development Agency will provide two soft loan agreements totalling 132 million euros to support the state budget and the water sector.
The Coca-Cola beverages produced in the new bottling plant will be distributed in Gazan communities through 18 branded trucks which will move from city-to-city and from village-to-village. (Flickr)
December 01, 2016 - 07:00 GMT
Following a planned future expansion within the next three years, the Gaza plant will eventually employ 270 people, bringing the total number of direct Palestinian jobs across the West Bank and Gaza to more than 750.
Banking sources estimated CI Capital's market value at near 1 billion Egyptian pounds ($56 million). (File photo)
December 01, 2016 - 06:00 GMT
Egypt's largest listed bank is in talks to sell 70-80 percent of its stake in investment banking arm CI Capital.
The deal promises to revive the tattered finances of countries from Venezuela to Libya and restore flagging confidence in the producer bloc that controls 40 per cent of the world’s oil. (File photo)
December 01, 2016 - 05:04 GMT
Oil prices jumped to a five-week high on news that OPEC will reduce production by 1.2 million bpd to 32.5 million bpd a day, in the first output cut since 2008.
The ministry has received many complaints from domestic workers about how they are treated by their employers, as well as from households employing domestic workers. (AFP/File)
November 30, 2016 - 12:30 GMT
Lebanon's labor ministry has made an appeal to improve recruitment agencies as it is revealed that just 441 out of over 700 domestic worker recruitment firms meet legal standards.
A key factor behind declining construction costs has been the lower profit margins charged by building contractors. (File photo)
November 30, 2016 - 11:30 GMT
Construction costs have plummeted since the oil-price crash began in 2014, which led to a massive scaling back of building works, the cancelation of many projects, and contractors slashing profit margins.
The UK flight ban was put in place after the October 2015 crash of a Russian airliner in Sinai shortly after it took off from Sharm El-Sheikh. (File photo)
November 30, 2016 - 10:30 GMT
The UNWTO and World Travel and Tourism Council (WTTC) have appealed to the British Prime Minister to lift the ban on flights to the Red Sea resort, adding that Egypt has taken significant measures to improve security.
The Anglo-Dutch is the operator of the giant Majnoon field near Basrah in southern Iraq which started production in 2014. (Shell)
November 30, 2016 - 09:30 GMT
The Anglo-Dutch company, which has been present in Iraq for over a century, has found only limited financial benefits in recent years from its involvement in Iraq’s oil production.
Sadara's first phase commenced operations in 2015, and the remaining operating units are scheduled for completion by the end of 2016. (File photo)
November 30, 2016 - 08:30 GMT
The Sadara project is the largest integrated chemicals complex in the world to be built in one phase.