Recent

Beyond its financial aspect, there is currently a psychological war between the two countries through high-level rhetoric. (Shutterstock)
August 15, 2018 - 10:15 GMT
Turkish President Recep Tayyip Erdogan has raised the stakes in a diplomatic stand-off between his country and the US with a call to boycott US electronic goods such as iPhone.
Saudi Arabia has committed to significant changes to its economy and society as part of its Vision 2030 reform plan. (Shutterstock)
August 15, 2018 - 10:11 GMT
Countries across the Middle East are struggling to create diverse opportunities for their youth, according to the latest World Economic Forum (WEF) Arab World Competitiveness Report.

The trade surplus in first quarter rose to KD3.4 billion from KD2.3 billion the previous quarter. (Shutterstock)
August 15, 2018 - 09:30 GMT
Kuwait’s current account registered its highest surplus in three years during the first quarter standing at KD1.7 billion ($5.58 billion) - about 17 per cent of quarterly GDP - up from KD1.2 billion ($3.94 billion) in the fourth quarter of 2017, said a report by Central Bank of Kuwait.
Saudi Arabia crown prince Mohammed bin Salman. (AFP)
August 15, 2018 - 09:25 GMT
Saudi Arabia, the world’s biggest crude exporter is future-proofing itself against oil’s decline by investing the increasingly booming technology industry.
U.S. crude inventories unexpectedly rose by 3.7 million barrels in the week to Aug. 10, to 410.8 million barrels. (Shutterstock)
August 15, 2018 - 09:20 GMT
Oil prices fell on Wednesday after data from the American Petroleum Institute (API) showed increased U.S. crude inventories in the week to Aug 10.
Electric automaker Tesla has formed an independent special committee to explore the possibility of becoming a private company. (Shutterstock)
August 15, 2018 - 09:14 GMT
Electric automaker Tesla has formed an independent special committee to explore the possibility of becoming a private company, as founder Elon Musk wants.
 The value of Dubai Chamber members exports and re-exports to India amounted to Dh3 billion during the first half of 2018. (Shutterstock)
August 15, 2018 - 08:33 GMT
Dubai aims to increase non-oil trade with India to Dh110 billion from the existing Dh99 billion over the next couple of years, said a senior official.
UAE is ranked as the 17th most competitive country globally. (Shutterstock)
August 15, 2018 - 08:28 GMT
The United Arab Emirates (UAE) has the most competitive economy in the Mena region, said a new study from the World Bank Group and the World Economic Forum.
Car sales are one of the important indicators illustrating the state of the Lebanese economy. (Shutterstock)
August 15, 2018 - 08:24 GMT
New car sales in Lebanon dropped by 4.6 percent in the first seven months of 2018. This is due to the economic slowdown and delicate political situation, according to the Association of Car Importers in Lebanon Monday.
Temenos will support financial innovation in Egypt by providing start-ups with access to the world’s number one core banking solution to be used as their development environment. (Shutterstock)
August 15, 2018 - 08:13 GMT
The Venture lab at The American University in Cairo (AUC Venture Lab) one of the leading university-based start-up accelerators in Africa and the MENA region, and banking software company Temenos, have announced their intention to collaborate and strengthen the fintech ecosystem in Cairo.
The NPSL help strengthen Oman’s payment infrastructure while supporting the introduction of innovative and efficient payment channels. (Shutterstock)
August 15, 2018 - 08:05 GMT
The Central Bank of Oman (CBO) is currently framing guidelines to enable the efficient roll-out of electronic wallets (e-wallets) and other payment instruments used by banking and non-banking institutions, reported local news daily, Oman Observer.
President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States. (AFP)
August 15, 2018 - 08:00 GMT
President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States, retaliating in a row with Washington that helped drive the lira to record lows.
Global oil demand growth for 2019 was lowered by 20,000 barrels per day (bpd) to 1.4 million bpd while non-OPEC oil supply in 2019 was revised up by 30,000 bpd to 2.13 million bpd. (Shutterstock)
August 14, 2018 - 10:50 GMT
Oil demand growth in 2019 will be lower than originally expected, the Organization of the Petroleum Exporting Countries and Russia stated in its monthly report.
Enoc has asked residents to not respond to such fake emails and immediately contact them to check the authenticity of the communication. (Shutterstock)
August 14, 2018 - 10:45 GMT
The Emirates National Oil Company (Enoc) has issued a warning about a new scam that is targeting residents in the UAE.
The sharp rise in the price of gold seen in the past few days off the back of the Turkish lira crisis. (Shutterstock)
August 14, 2018 - 10:18 GMT
The currency crisis engulfing the Turkish lira has led investors to pursue the stability offered by safe havens such as gold, which saw a hike in value by 0.4 per cent coinciding with the crash of the lira.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. (Shutterstock)
August 14, 2018 - 10:09 GMT
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Monday issued two decrees supporting people with disabilities.