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February 23, 2017

This is for the first time a Saudi monarch is visiting Indonesia after the visit of King Faisal 46 years ago. (AFP/File)
12:00 GMT
King Salman will embark on a five-nation Asian tour next week, which includes the first Saudi royal visit to Indonesia in 46 years, and the first-ever Saudi royal visit to Japan.
A member of Egypt's richest family, Sawiris is chairman of Orascom Development Holding, which operates tourist resorts and real estate projects in Egypt and Europe. (Wikimedia Commons)
11:00 GMT
Egyptian billionaire Samih Sawiris says that the country's currency flotation has increased the appetite for investments in Egypt, but economic recovery will take time.
Scammers claiming to represent telecom companies and banks are cold-calling residents telling them they have won a cash prize of up to OMR20,000.  (Shutterstock)
10:44 GMT
Oman's Telecommunications Regulatory Authority is launching an awareness campaign to fight against over-the-phone exploitation.
A total of 133 private and international schools across the kingdom will soon shift to new buildings under construction following the new rules.  (YouTube)
10:00 GMT
The majority of Jeddah's private schools are affected by a new requirement by Saudi's Ministry of Education to move to buildings more suitable for education within two academic years.
Mobile World Congress is the world’s largest gathering for the mobile industry, organised by the GSMA and held in the Mobile World Capital Barcelona, 27 February - 2 March 2017. (Twitter)
09:27 GMT
As geeks gear up for the MWC 2017 in Barcelona on February 27, here's a glimpse of the product launches to look out for.
The government aims to hold a practical discussion to define the taxes and fees that should be applied, with the least impact on the economic growth and on the low-income class. (AFP/File)
09:00 GMT
Lebanese Prime Minister Saad Hariri insists that discussions on new taxes and fees are ongoing to secure the balance between interests of citizens and different economic sectors.
Family security and safety is without a doubt the number one driver for the vast majority of citizenship applicants coming from the Middle East. (Shutterstock)
08:39 GMT
Citizenship by investment has been growing at an exponential rate, given the increasing demand from Arab applicants.
Among several economic measures, the government has recently decided to raise the renewal fees of passports for Gazan residents in Jordan from JD25 to JD200. (File photo)
08:00 GMT
Jordan's decision to extend the validity of Gazans’ temporary passports from two to five years follows the announcement of a steep price hike from JD25 to JD200 for their renewal or replacement.
The venue, located just minutes from Hamad International Airport and in the centre of the urban development of Qatar’s capital Doha, is scheduled for completion by 2020. (AFP/File)
07:15 GMT
A joint venture between Qatar's Al Jaber Engineer (JEC) and Turkey's Tekfen Construction has been awarded the main construction contract for the World Cup stadium in Thumama, Doha.
Managing your stress at work becomes much easier when you know how to avoid scenarios such as these from happing too frequently. (Shutterstock)
07:10 GMT
Choose to turn the day around in your favor and shift the negativity away.
Brent crude oil prices remain at one of the lowest levels in real terms in decades. (File photo)
06:42 GMT
Bank of America Merrill Lynch has revised average oil prices down to $50-$70 from $55-75 until 2022.
Yemen’s President Abed Rabbo Mansour Hadi called on his government to focus on power, water, roads, health and education in retaken areas. (AFP/File)
05:33 GMT
Saudi Arabia has allocated $10 billion for the reconstruction of liberated provinces, including $2 billion as a deposit in the central bank to shore up the Yemeni riyal.

February 22, 2017

PepsiCo's CEO also confirmed that a new beverages plant is set to officially open in Dubai this month.  (Shutterstock/Ioan Panaite)
13:00 GMT
The PepsiCo beverages plant, set to open later this year in Jeddah, will manufacture the company’s wide portfolio of carbonates including Pepsi, Mountain Dew, Mirinda and Gatorade.
Viu already operates in Indonesia, Malaysia, India, Hong Kong and Singapore, and is now available for users in the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Egypt and Jordan. (
12:00 GMT
Users across the region now have access to tens of thousands of hours of local, regional and international premium entertainment via Vuclip's direct to consumer video-on-demand service.
The appointments come in line with a goal outlined in the Saudi Vision 2030 reform plan to increase the participation of women in the workforce from 22 percent to 30 percent.  (Arab News)
11:00 GMT
Following Sarah Al-Suhaimi's appointment to chair the Tadawul, Rania Nashar has been named CEO of Samba Financial Group, and Latifa Al-Sabhan has been appointed chief financial officer of Arab National Bank.
It has been estimated that over the next 20 years, cities across the world will invest approximately $41 trillion on technologies to offer improved services. (Shutterstock)
10:00 GMT
The 6th Annual Arab Future Cities Summit Qatar 2017 will be held under the theme ‘Advanced Technologies Transforming Qatar’s Future’ from April 10 to 11 at The Ritz-Carlton, Doha.
There is also a need to improve internet connectivity in Lebanon for banks to be able to provide fintech services in an effective way. (Shutterstock)
09:00 GMT
Lebanese banks need to cooperate and standardize the use of fintech as is the case with European banks, according to an e-strategy expert.
The UK-based company had earlier racked up £21 million (Dh95 million) in pre-tax losses in June 2016.  (Twitter/Balfour Beatty)
08:00 GMT
UK construction giant Balfour Beatty has reached an agreement to sell the Group's entire share in Dutco Balfour Beatty and BK Gulf to its Dubai-based partner in a deal expected to be worth $13.7M.
Next month Xiaomi will launch the lower-end Redmi 4A and its most premium device the Mi Mix. (Xiaomi)
07:46 GMT
China’s Xiaomi plans expansion across the Middle East with a new range of devices and a flagship store in the UAE.
Worldwide, 600 million people actively use the popular platform each month, 400 million use it each day and a further 150 million use Instagram Stories every day.  (Shutterstock/Sattalat phukkum)
07:27 GMT
The high numbers of Instagram users is good news for local businesses in MENA.
Some importers are not happy with the deal, saying the rate of the dollar that they will have to pay their credit lines with is still too high for them to afford. (File photo)
07:00 GMT
Egypt Central Bank has agreed with the Egyptian Federation of Investors Associations to settle dollar debts resulting from the exchange rate differences after the pound's float in November.
Your CV and daily tasks are not the only things that set you apart from your competition.  (Shutterstock)
06:31 GMT
Engineers in MENA have a steady stream of available jobs, which is good news for professionals who are looking to change jobs, those who want to go up the career ladder, or land their first job.
Before the outbreak of civil war, Libya was producing about 1 million bpd.  (AFP/File)
06:10 GMT
The head of the National Oil Corp. of Libya met with Rosneft Chairman Igor Sechin to lay the groundwork for investments in the Libyan oil sector.
Round 1 RFQ documents can be viewed, downloaded, and responded to via the government eProcurement portal. (Shutterstock)
05:16 GMT
Saudi Arabia has opened the pre-qualification bidding process to local, regional and international developers for the first phase of its ambitious renewable energy program.

February 21, 2017

The delegation signed a twinning agreement between the city of Sharm El-Sheikh and an Italian city for the sake of turning Sharm El-Sheikh into the first digital economy city in the Middle East. (Shutterstock)
12:30 GMT
A delegation from the Italian Egyptian Friendship Council has toured Cairo and Sharm El Sheikh to discuss bilateral tourism and education opportunities.
The largest of the 11 agreements is with Oman Investment Fund (OIF) for 73,367sq m of land in Jebel Akhdar, to build a resort. (Wikimedia Commons)
11:30 GMT
After overseeing the opening of 41 new hotels in 2016, Oman's tourism ministry has signed agreements with 11 companies to set up hotel facilities across the country.
The first two days of IDEX have led to an increasing number of deals with national and international companies alike. (
10:30 GMT
31 deals worth over $3B were signed within the first 48 hours of the International Defence Exhibition and Conference in Abu Dhabi.
Although the additional levies are already being charged on air freight and shipments, these are yet to be introduced on imports made via road. (Shutterstock)
09:30 GMT
Oman's customs department has imposed an additional two percent duty on the cost, insurance and freight value of imported products for non-submission of original legalised documents.
One of the biggest damages a hacker can do is to gain control over the car and steal the target vehicle. (Shutterstock)
08:33 GMT
Kaspersky Lab researchers have found several security issues in remote car control apps that could potentially allow criminals to cause significant damage for connected car owners.
Saudi Arabia was the world's second-largest arms importer in the period 2012 to 2016, with an increase of 212 percent compared with 2007-2011. (File photo)
08:30 GMT
The Stockholm International Peace Research Institute, or SIPRI, said Monday the arms import figures for the Middle East accounted for 29 percent of global imports during the 2012-2016 period.
If you're viewing your savings pot as an emergency fund, you're best off going for an account with no minimum balance requirements. (Shutterstock)
08:08 GMT
Depending on what you want to use your savings for, one savings account will be better for you than another.
The Lebanese government estimates that around 1.5 million Syrian refugees live in unofficial camps around the country in deteriorating economic conditions. (AFP/File)
07:39 GMT
The $1.9 billion includes $1.57 billion given by donors in 2016 and $344 million carried over from 2015 by U.N. Agencies, the World Bank and NGOs.
The new merger, if agreed, would create an entity with total assets amounting to around QAR173bn ($48bn) and a market share of around 14 percent. (File photo)
07:30 GMT
The proposed merger between Masraf Al Rayan, Barwa Bank and International Bank of Qatar is currently at due diligence stage.
Training and development applies to all career levels and positions. (Shutterstock)
07:07 GMT
With the proliferation of online learning and assessment tools and alternative creative approaches, businesses today no longer have to spend massive amounts of money on training programs for their employees.
Jordan’s recent economic measures also increased fees for five-year passports for citizens from JD20 to JD50. (Pinterest)
06:38 GMT
Gazan holders of temporary Jordanian passports must now pay JD200 instead of JD25 to issue or renew a passport every two years, making it the most expensive passport in the world.
Rosneft is Russia's largest oil producer. For the fourth quarter, the company said its net production was up 11.8 percent year-on-year for a new record high. (Shutterstock)
05:24 GMT
Rosneft said it started a new exploration well in Iraq, which according to state news agency Tass should be completed by July.

February 20, 2017

Many candidates in the country’s November elections ran on an anti-austerity ticket after the previous parliament was dissolved due to disputes with the government over the fuel price increase. (Shutterstock)
13:00 GMT
Kuwait committee approves draft bill scrapping fuel and utility price increases, which will likely be debated in parliament in March.
The Chamber is planning to strengthen its international presence in 2017 with the opening of representative offices in India and Brazil.  (Shutterstock/Philip Lange)
12:00 GMT
Six initiatives are outlined under the Dubai Chamber of Commerce and Industry's new strategy, which aim to ensure that the Chamber supports the government in executing the Dubai Plan 2021.
"The oil, gas and petrochemicals sectors will continue to be the backbone of economies across the Mena region," said Meed editorial director Richard Thompson. (Shutterstock)
11:00 GMT
While oil and gas spending globally is expected to continue to decline, Middle East producers are looking to buck the trend and maintain spending in order to meet production targets.
Performers at the opening ceremony for Medina Capital of Islamic Tourism 2017. (SPA)
10:00 GMT
Prince Sultan bin Salman, chief of Saudi Commission for Tourism and National Heritage (SCTH), kicked off the opening ceremony for “Medina Capital of Islamic Tourism 2017.”
Wider fiscal reforms such as subsidy reductions, fee increases, etc for 2017 announced so far have been substantially less than in early 2016.  (Shutterstock)
09:00 GMT
Analysts believe that fiscal consolidation over the coming years in the GCC will decelerate and is likely to rely more on mobilisation of additional non-oil revenue.
Economic associations warn that any increase in taxes will lead to economic slowdown and to heavy recession due to the crises that hit the country in the past five years. (Shutterstock)
08:00 GMT
Representatives of economic associations are the latest group to appeal against the Lebanese government's plan to raise taxes in the 2017 draft budget.
The app comes with several emojis, Gifs and stickers expressing every emotion, from angry, to happy to heavily in love. (Halla Walla)
07:22 GMT
Halla Walla aims to bring out glimpses of the Arab culture, and translate them into the modern social media age through characters, nostalgic themes and even GIFs.
The project will be built over 700 sq km east of Cairo between Greater Cairo and the Red Sea and will be executed within five to seven years at a cost of $45 billion.  (File photo)
07:00 GMT
Dubbed as Egypt’s administrative capital, the Capital City development is one of President Sisi’s mega-projects that aims to kick-start Egypt’s economy.
The amount of the fees increase is dependent on the schools' rating by the Dubai School Inspection Bureau. (File photo)
06:00 GMT
Eligible schools in Dubai will now be allowed to increase their fees by between 2.4 -4.8 percent based on the a newly-approved fees framework.
IDEX, which runs to Thursday, is one of the largest arms fairs in the Middle East and is held biannually to showcase the latest in defence technologies and innovations.  (AFP/Karim Sahib)
05:32 GMT
The four-day International Defence Exhibition and Conference (IDEX) opened in Abu Dhabi with the UAE announcing 21 deals worth more than $1.2 billion.
When times are hard, team development training is often scaled down or even cut.  (Shutterstock)
05:00 GMT
It takes more than a fun day of exercises to build a high performing corporate team.
Suhaimi, who became the first female chief executive of a Saudi investment bank when she took that post at NCB Capital in 2014, is one of only a few women with a top job in Saudi finance. (AFP/File)
05:00 GMT
Al Suhaimi is the first woman to lead Saudi's Tadawul, MENA's largest bourse.

February 19, 2017

Resort Hotel at Raouche in Beirut, Lebanon (Shutterstock/JPRichard)
12:42 GMT
Lebanon's tourism minister is hopeful that the country will see the fruits of President Aoun's recent visit to the Gulf states, Egypt and Jordan, in terms of higher visitor numbers.
In 2016, Brazilian exports to the countries of the GCC – Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Bahrain and Oman – totalled $6.04 billion, and the imports were $2.66 billion. (Shutterstock)
11:00 GMT
The meat and poultry sector is one of eight dedicated segments now housed within Gulfood, the world’s largest food and hospitality trade platform in Dubai.
Many of the reserves and energy facilities are located in the country’s south which has been hit by a wave of sandstorms in recent years. (File photo)
10:00 GMT
National Iranian Oil Company has revealed that a dozen new fields discovered over the last four years contain 4.7 billion barrels of recoverable oil.
Taksim Square is the bustling commercial heart of the city and has also been the focal point for decades of protests. (Shutterstock/ Shevchenko Andrey)
09:50 GMT
A new two-minaret mosque is under construction in Istanbul's iconic Taksim Square, adjacent to a historic Greek Orthodox church.
Lebanon consumes $1.3 billion in medicines and drugs annually, but only 7-10 percent of these pharmaceuticals are produced locally. (Shutterstock)
09:00 GMT
In Lebanon and the MENA region, foreign-made drugs are given more priority and attention over locally produced medicines.

Snapchat aims to derive most of its revenue from advertising where it will compete against Google, Facebook and Twitter. (Shutterstock)
08:46 GMT
Photo-sharing mobile service Snapchat is reportedly planning to launch an Android smartphone that will give consumers more control over the camera features.
After introducing the new levy, exchange houses were passing on the burden to customers. (Shutterstock)
08:00 GMT
Oman's new customs duty on imported bank notes, which raised the value of foreign currencies against the Omani rial, has been withdrawn after four days of implementation.
Visitors go through security at Sharm El Sheikh airport. (AFP/File)
07:00 GMT
Cairo has improved most security aspects providing for safe Egypt-Russia flights, but Moscow believes that a few details remain problematic, according to a Russian parliamentarian.
Morgan Stanley is also expected to be a global co-ordinator and bookrunner on the Aramco listing. (File photo)
06:00 GMT
JPMorgan, Saudi Aramco’s longstanding commercial banker, is in pole position to be a global co-ordinator and bookrunner for the planned sale of a 5 per cent stake in the Saudi oil giant in 2018.
Both Trump sons lauded the close, friendly relationship that Sajwani has had over the last several years with the Trump family and the Trump Organization. (Khaleej Times)
05:00 GMT
The Trump International Golf Club Dubai is the American president's first golf course in the Middle East and the first property to be opened since his inauguration.
The expanding use of digital technologies such as smartphones, tablets, laptops and desktop computers for work at home and elsewhere is rapidly transforming the traditional model of work. (Shutterstock)
05:00 GMT
A new ILO report reveals that working from home may bring certain advantages, but it can also have downsides such as longer working hours.
If what’s driving your decision is simply keeping up with others, and it is not even a want, then you better begin to train yourself on resisting this temptation. (Shutterstock/ VanderWolf Images)
05:00 GMT
To avoid lifestyle upgrades that you can't afford, think of the difference between “want” and “need”.

February 16, 2017

Bill Gates at the World Economic Forum in Davos 2017.  (AFP/Fabrice Coffrini)
13:30 GMT
In a video message, Bill Gates cites positive developments in the Middle East for his optimism about the future.
Among the GCC countries,The UAE was ranked first on the list; Qatar 29th; Bahrain 44th; Kuwait 61st; Saudi Arabia 64th and Oman 82nd.  (Shutterstock)
12:30 GMT
The Heritage Foundation's Index of Economic Freedom ranks 186 countries on economic measures such as rule of law, government size, regulatory efficiency, and the openness of markets.
Small fishing boats in Mirbat, Dhofar, Oman. (Shutterstock/JurateBuiviene)
11:30 GMT
Although 99 per cent of Oman’s fisheries sector is still artisanal, its fisheries are just a few steps away from becoming a world-class competitive industry, according to a World Bank environmental specialist.
The commercial launch of iflix’s internet TV service across the MENA region is planned for Q2 of 2017.  (Trade Arabia)
10:30 GMT
In cooperation with Zain, iflix will bring a range of TV shows and movies with Arabic and English subtitles to MENA customers.
The project is designed to cater to the needs of different income groups and family sizes and is being implemented in partnership with the private sector. (File photo)
09:30 GMT
The Sakani programme is part of efforts to allocate homes and financial assistance to 280,000 families by the Saudi Arabia’s Ministry of Housing.
Your profile summary is one of the first things people look at, so it’s important to get it right. (Shutterstock)
09:17 GMT
If you think you are being original on your LinkedIn profile, think again.
There is a consensus among the GCC countries for taking action together in case of a dumping attempt by a foreign company. (Shutterstock)
08:30 GMT
Ahead of a GCC-wide initiative to introduce protectionist tariffs, the Omani government has formed a special committee to study the practice of dumping.
Once a net gas exporter, Egypt has turned into a major importer in recent years as growing domestic demand outstripped production. (File photo)
07:30 GMT
EGAS chief Mohamed Al-Masry has announced that the country expects private sect imports to replace government gas imports for the domestic market by 2018.
The onus is on applicants to stand out and show to hiring managers that they’re the perfect fit for the position. (File photo)
07:26 GMT
UAE HR directors bemoan the fact that many applicants are short on key skills in communication, leadership and strategic planning.
The IMF has urged the Lebanese government to look for new alternatives to reduce the mounting public debt.  (File photo)
06:52 GMT
There is a consensus among Lebanon's main political parties to endorse the budget before the parliamentary elections, but the issue of taxes is still point of contention.
Yahoo recommended that users avoid clicking on links or downloading attachments from suspicious email messages. (AFP/File)
06:30 GMT
Yahoo warns that a forged cookie by a 'state sponsored attacker' may have been used in 2015 or 2016 to illegally access accounts.
The latest ruling follows a July 2015 court decision asserting Dana’s long-term contractual rights, lasting at least 25 years, to develop and produce gas and petroleum from the Khor Mor and Chemchamal fields. (Oil Guru)
05:26 GMT
A consortium including the Sharjah-based oil and gas company have been locked in arbitration with the KRG since October 2013 over the development of gas fields in Kurdistan.

February 15, 2017

The current four destinations, served by Royal Wings, bring an average of 400 tourists a week to Jordan through Aqaba. (Shutterstock)
13:00 GMT
The Jordan Tourism Board is in the final stage of negotiations to bring more tourists from the UK and Italy to Aqaba via low-cost carriers.
First released nearly 17 years ago as a replacement to another popular phone, 3210, Nokia 3310 became known for its long battery life and resilient build.  (YouTube)
12:22 GMT
Nokia is remaking the beloved classic 3310 phone which will be unveiled at the Mobile World Congress in Barcelona at the end of February.
The Bahrain World Trade Centre, Bahrain Financial Harbor and the anticipated pre-leasing stage of the United Tower at Bahrain Bay, are all due to open in 2017. (Shutterstock)
12:00 GMT
Major infrastructure projects in Bahrain, mainly in hospitality and luxury segments, will continue despite financial challenges, according to a report by property consultancy firm CBRE.
Saudis travelers’ expenditure rate has been considered among the highest in Britain.  (Shutterstock/4kclips)
11:14 GMT
The British Tourism Authority has opened a new office in Riyadh for the purpose of attracting more Saudi visitors to London.
All-in-all, the Huawei Mate 9 Pro is a fantastic phone any way you look at it.  (Huawei)
10:42 GMT
Despite no change in the camera from the Huawei Mate 9, the Mate 9 Pro is a very different phone.
Egypt has pledged to eliminate its arrears to foreign oil and gas companies by the end of June 2019 and to not accumulate new arrears. (File photo)
09:00 GMT
Egypt's arrears owed to foreign oil companies stood at $3.5 billion at the end of December, down from $3.6 billion in September.
Etisalat completed the Mena region's first 5G mobile technology live trial during Gitex 2016. (Shutterstock)
08:00 GMT
5G deployments will positively affect virtually every industry sector, with manufacturing set to see the largest share of 5G-enabled economic activity in 2035, according to a report by Qualcomm Technologies.
Your decision to stay with a job or pursue a new opportunity shouldn’t be influenced by office politics. (Shutterstock)
07:49 GMT
There are always many factors at play when changing jobs; filter rumours to get to the facts.
Last month, Uber introduced a new pricing policy called "upfront fares", which helps clients budget better and saves them from "surprises or complicated math." (File photo)
07:00 GMT
Hundreds of Uber drivers in Qatar are striking in protest over a new pricing policy which they argue will negatively affect their earnings.
The Cosplay competition must be devoid of “inappropriate signs or symbols in violation of or affecting Islamic morals” with sound effects also avoiding “inappropriate connotations”.  (Twitter/@SaudiComicCon)
06:00 GMT
Supported by Saudi’s General Entertainment Authority, the three-day event will take place from February 16-18 at Take Off RC Club in Jeddah.
According to UBS, the UAE is one of the most "advanced countries in terms of its economic diversification", benefiting from a stable political environment and substantial public foreign assets. (File photo)
05:48 GMT
As regional transformation programmes gather momentum, the Middle East's major economies present increasingly attractive non-oil, long-term investment opportunities, says a UBS report.
The UAE is among the top nine countries in the world that invest in the space sciences.  (Twitter/@HHShkMohd)
05:23 GMT
The Mars 2117 Project aims to establish the first inhabitable human settlement in Mars by 2117.

February 14, 2017

To cope with projected demand, there are an additional 61,224 hotel rooms in the pipeline across Saudi Arabia.  (Shutterstock/raydignity)
12:00 GMT
Driven, in part, by domestic tourism, Saudi Arabia’s travel and tourism sector is expected to contribute more than $81 billion to the country’s GDP by 2026.
The banking and financial services sector in the region are adapting fast to both global and regional economic challenges and new opportunities. (Shutterstock)
11:00 GMT
While the contraction in oil revenues have forced governments to rationalise and prioritise spending, all have been adopting measures to augment and diversify revenues through new sources.
No you can charge your iPhone wirelessly like your Android devices. (AFP/File)
10:26 GMT
Here's how you can add wireless charging to your iPhone, quickly, cheaply, and easily.
In the heart of the factory lies a drive to catalyze collaboration and bring together heads of Lebanon’s innovative collectives. (The Daily Star)
10:07 GMT
Combining design thinking, industry, technology and business, the Innovation Factory is a space for individuals and collectives to take their ideas from prototypes to ultimately finished products.
The Cotton Egypt Association estimates that about 90 percent of global supplies of Egyptian cotton last year were fake. (File photo)
10:00 GMT
A surge in local cotton prices ahead of next month's planting season and a crackdown on ersatz Egyptian cotton worldwide are reviving interest in cultivating the long-neglected crop.
Legoland and Legoland Water Park, Motiongate Dubai and Bollywood Parks are among DXB Entertainments' newest offerings. (
09:00 GMT
The company behind Dubai Parks and Resorts reported a $132M loss for 2016, with costs related to the opening of its multiple theme parks.
Finding the right employee may require being extra specific with the job requirements. (Shutterstock)
08:08 GMT
Bayt's CV Search function allows employers to search the candidate profiles, conduct customized searches and filtering to help find right talent for the job.
The Iraqi government is seeking to lower its international borrowing costs after the country was badly hit by the slump in oil prices. (Shutterstock)
08:00 GMT
A second tranche of a further one billion-dollar sovereign issuance by Iraq is likely to come to market before the end of the first quarter of 2017.
Russian tourists made up 67.9 percent of Egypt’s tourists in 2015. (AFP/File)
07:00 GMT
Russian flights will be flying to Cairo, Sharm El-Sheikh, and Hurghada, bringing hopes for a tourism revival in Egypt's South Sinai.
The bulk of Valentine’s Day spending this year, about $4.3 billion, will go to jewellery, followed by $3.8 billion on an evening out and $2 billion on flowers.  (File photo)
06:15 GMT
Valentine’s Day is here and across the world are again loosening up their purse strings to celebrate love.
The closure of the Nassib border crossing translated into a heavy drop in Lebanese agricultural exports from 533.18 tons in 2014 to 360.76 tons in 2016. (File photo)
06:00 GMT
Lebanese farmers are incurring huge losses yearly due to border closures and regional competition, and are urging the government to up the one percent budget contribution to agriculture.
OPEC is still urging oil suppliers outside the group to fulfil their commitments to cut output. (File photo)
05:34 GMT
The level of Saudi cuts in January shows that the Kingdom went beyond its OPEC obligations under a deal cut last year to balance world markets.

February 13, 2017

The project is expected to cost SAR2bn, with investors receiving a profit of 15 per cent of the capital annually or SAR350m through 20-year rental leases. (File photo)
13:00 GMT
The first phase of investment targets construction of 50 schools in Dammam, Jeddah and Riyadh this year, while a second phase will establish 50 more schools in other densely populated cities.
The new terminal will have 118 check-in counters for international and domestic flights, along with 82 immigration counters. (File photo)
12:00 GMT
Muscat International Airport’s new terminal will be operational by the end of 2017, and will be able to handle 12 million passengers per year.
UK trade envoy to Egypt Sir Jeffrey Donaldson MP and the CEO of UK Export Finance Mr Louis Taylor in Egypt in 2016. (
11:00 GMT
Three British trade missions, led by the UK Prime Minister’s trade envoy Sir Jeffrey Donaldson, will visit Egypt to explore investment opportunities.
In Saudi Arabia, 39 percent people have made online purchases, an increase of 57 percent from last year and 33 percent bought things using their mobiles in the last month. (Shutterstock)
10:05 GMT
The rise in popularity of online shopping portals in the Middle East highlights the importance for firms using financial technology to adapt or risk being left behind.