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Saudi Arabia offered its first Riyal-denominated Sukuk to investors on Sunday this week. (File photo)
July 25, 2017 - 22:38 GMT
The Saudi Ministry of Finance announces that it has received significant demand for its first domestic Sukuk issuance.
Oman recorded a deficit of 21 percent of its GDP in 2016 as the oil price plunged to its lowest level in years. (File photo)
July 25, 2017 - 22:25 GMT
Oman’s government has slashed 20 percent from its subsidy bill over the past three years.
Newly-appointed Noon CEO, Faraz Khalid.
July 25, 2017 - 21:45 GMT
Noon has announced the appointment of co-founder and former managing director of online fashion retailer Namshi, Faraz Khalid, as its chief executive.
The government policy announced earlier this year for import restrictions is bearing its fruits. (Facebook/ R. Boudraa)
July 25, 2017 - 21:39 GMT
Algeria posted a trade deficit of $4.84 billion in the first half of 2017, down 54.1 percent from a year earlier.
By limiting jobs in grocery stores to Saudis, the country expects to generate more than 20,000 job opportunities for citizens. (AFP/ File)
July 25, 2017 - 21:28 GMT
Jobs in these shops will be 100% Saudized, local daily Al-Madina reported quoting sources from the ministry of labor.
The recent decline in oil prices could weigh further on the outlook for the region's oil exporters. (File photo)
July 25, 2017 - 21:12 GMT
After posting a growth rate of about 5 percent last year, the IMF said it expects the region to gain 2.6 percent this year.
WebMD has been looking for a buyer since February. (Web)
July 25, 2017 - 20:56 GMT
Once the deal is approved, the publicly-traded company will go private.
More than 12 local banks are vying to win the super-rich with accounts serving their 'very specific needs.' (Shutterstock)
July 25, 2017 - 16:29 GMT
The new account will be tailored to meet the business (and entertainment) needs of Egypt's high-earners.
Flynas revives Beirut flights with low fares starting from SR299 ($80) one way all inclusive. (Fayez Nureldine/ AFP)
July 25, 2017 - 14:41 GMT
Flynas said it will return to Beirut operating four weekly flights.
Etihad is one of ten companies submitting non-binding offers for ailing Alitalia. (File photo)
July 24, 2017 - 12:05 GMT
Etihad Airways has expressed its interest in a total or partial takeover of Italian carrier Alitalia.
Kuwait’s oil minister Essam Al-Marzouq says deeper cuts are a possibility for OPEC and non-OPEC countries. (Yasser Al Zayyat/ AFP)
July 24, 2017 - 11:24 GMT
Six OPEC and non-OPEC ministers today are due to discuss the market outlook and compliance with output cuts.
The timing of Ramadan and Eid falling in the second quarter this year have had an impact in the drop in advertised jobs. (File photo)
July 23, 2017 - 13:20 GMT
Advertised job vacancies in the UAE fell during the second quarter compared with the same period last year.
Of the 200,000 job opportunities available with ride-hailing companies, 110,000 Saudis have registered so far. (Photo courtesy of Careem)
July 23, 2017 - 12:58 GMT
There are abundant job opportunities for young Saudis in ride-hailing companies where monthly salaries can go up to SR12,000 ($3,200).
The absence of a legal framework for bankruptcy has long been a hindrance to UAE businesses. Not anymore. (Shutterstock)
July 23, 2017 - 12:17 GMT
Cynthia Trench delves into the UAE’s bankruptcy law and what it means for the country’s businesses.
Dammam’s residential sector has seen a marginal decline in both sale prices and rents over the past six months. (Shutterstock)
July 23, 2017 - 12:01 GMT
Dammam’s residential sector has seen a marginal decline in both sale prices and rents over the past six months.
Economic growth this year for Saudi Arabia is forecast to be around 0.1 percent. (File photo)
July 23, 2017 - 10:30 GMT
The IMF slashes Saudi Arabia's growth forecast.