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The entertainment industry in Medinah has just lost SR200 million ($53.3 million) after a group of investors decided not to invest in the sector. (File photo)
October 16, 2017 - 18:00 GMT
The entertainment industry in Medinah has just lost SR200 million ($53.3 million) after a group of investors decided not to invest in the sector.
Dubai Marina and Jumeirah Village Circle are among the most searched areas by property buyers, according to a report by Dubizzle. (File photo)
October 16, 2017 - 14:41 GMT
Dubai Marina and Jumeirah Village Circle are among the most searched areas by property buyers, according to a report by Dubizzle.
Saudi Arabia's commercial courts started operating last month in Riyadh, Jeddah and Dammam. (Shutterstock)
October 16, 2017 - 13:26 GMT
The commercial courts were launched to encourage and motivate investment in Saudi Arabia.
The currency flotation has made property prices more affordable for Saudis and Egyptians living abroad. (File photo)
October 16, 2017 - 12:49 GMT
More and more Saudis are buying property in Egypt, with prices starting from $80,000.
Qatar's Emir Sheikh Tamim bin Hamad Al Thani inspects an honor guard during a welcome ceremony in Kuala Lumpur, Malaysia, on October 16, 2017. (Vincent Thian/ AP)
October 16, 2017 - 12:00 GMT
Qatar's emir begins Asia tour with a two-day visit to Malaysia.
Oil prices settled at a two-week high on Friday, as geopolitical uncertainty in the Middle East raised the threat of supply disruptions. (AFP/ File)
October 16, 2017 - 10:28 GMT
Crude oil prices soared on Monday as tensions between Baghdad and Kurdistan went up a notch.
Royal Jordanian had approved a new turnaround plan last week. (Don Emmert/ AFP)
October 15, 2017 - 14:36 GMT
Royal Jordanian vows to make an operating profit this year as it implements a new turnaround plan.
Kuwait cracks down on non-degree holders and vows to punish violating companies. (AFP/ File)
October 15, 2017 - 14:04 GMT
Non-degree holders and violating companies will be fined and punished.
The 286 Jazan islands are one of the biggest island groups in the southern part of Red Sea. (AFP)
October 15, 2017 - 13:50 GMT
Saudi Arabia has announced that 286 islands off the Jazan coast will be on the market for tourism investment.
Government-owned master developer Dubai Holding is believed to be reassessing the project. (File photo)
October 15, 2017 - 13:35 GMT
Government-owned master developer Dubai Holding has put $20.2 billion mega project Jumeirah Central on hold, according to reports.
A total of $16.3 billion in remittances was sent to Egypt between November 2016, when Egypt floated its currency, and August this year. (File photo)
October 12, 2017 - 14:27 GMT
Remittances from Egyptian expats were reportedly 40 percent higher in August compared to the same month last year.
According to Turkey's Deputy Prime Minister Mehmet Simsek, the US-Turkey visa row is only a temporary dispute that will be resolved soon. (AFP)
October 12, 2017 - 14:03 GMT
A visa suspension between Turkey and Washington will likely be resolved soon, according to Turkey's Deputy Prime Minister Mehmet Simsek.
The cost of bribery in Kuwait is $2 billion a year, or two percent of the country's total GDP. (File photo)
October 12, 2017 - 13:46 GMT
The cost of bribery in Kuwait is $2 billion a year, or two percent of the country's total GDP.
The bank said it is committed to supporting only those companies with a greener agenda. (Eric Piermont/ AFP)
October 12, 2017 - 13:38 GMT
The bank said it is committed to supporting only those companies with a greener agenda.
Exemptions for Saudi firms investing in Abu Dhabi will be related to land, lease and rents. (File photo)
October 12, 2017 - 12:31 GMT
Officials announced during the UAE-Saudi Business Forum in Abu Dhabi that Saudi firms investing in Abu Dhabi will be offered special exemptions on lease, rents and land.
Saudi Aramco celebrated this week the opening of a new office in India. Here's why it's good news for oil markets. (File photo)
October 11, 2017 - 20:00 GMT
After a sluggish start to the week, oil prices are moving again.