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Qatari PM speaks at Lucerne Summit
June 24th, 2026 - 09:53 GMT
P. Choiaqo

P. Choiaqo

Gulf countries to fund $300 billion reconstruction in Iran if peace talks go through

ALBAWABA - Qatari PM, Sheikh Mohammad, said that Gulf states could play a role in financing reconstruction in Iran, however, $300 billion seems ‘aspirational’ he says. In an interview with Financial Times, Sheikh Mohammad said that Gulf states are willing to finance if Iran reaches a conclusive and final peace agreement with the U.S. "Our aim is that Iran flourishes and their economy grows; and our investment basically has always ...
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Increasing subsidy allocations will put stress on the state’s budget. (File photo)
April 26th, 2016 - 05:02 GMT

Egypt to increase subsidies in bid to battle food price hikes

Oil exports were not affected by the strike action.  (AFP/File)
April 26th, 2016 - 04:13 GMT

Kuwait suffered up to $200M in losses due to oil strike

More details of the sweeping changes are expected to be released shortly. (File photo)
April 25th, 2016 - 12:52 GMT

Saudi cabinet passes Vision 2030 plan, as the nation eagerly awaits details

Emirates has said it would now launch flights to Panama at the end of 2016 or in early 2017. (File photo)
April 25th, 2016 - 11:00 GMT

Holding out for a hub: Emirates pines for Panama

A row of tombs from the al-Khuraymat group, in the archaelogical Nabatean site of Mada'in Saleh. (Wikipedia)
April 25th, 2016 - 09:30 GMT

New Saudi initiative allows pilgrims to convert Umrah visas into tourist visas

The second phase of the project includes 300 residential units, 240 villas and five administrative buildings over 53,000 sq m of land.  (Sedra Homes)
April 25th, 2016 - 08:30 GMT

Dubai's Al Futtaim Group invests $279M in Cairo Festival City development

One of Israel's main concerns is that Russian involvement would forestall the development of Leviathan in order to prevent competition with Russian gas. (File photo)
April 25th, 2016 - 07:30 GMT

Russia's Gazprom eyes Leviathan gas investment

The proposed solar project will create jobs of 1,000 people locally.  (File photo)
April 25th, 2016 - 05:30 GMT

Oman: German-funded mega solar project planned in Duqm

The 1.5 million sq ft park will have a two-month headstart over rival Dubai Parks and Resorts. (Raconteur.net)
April 25th, 2016 - 04:43 GMT

Dubai's IMG Worlds of Adventure theme park to open in August ahead of rivals

Friends of the Earth Middle East Director Gidon Bromberg stands at the shore of the Dead Sea. (Waterworld)
April 24th, 2016 - 09:00 GMT

Jordan extends deadline for Red Sea-Dead Sea project bid

Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi Deputy Supreme Commander of the UAE Armed Forces, and Abdel Fattah Al Sisi, President of Egypt.  (File photo)
April 24th, 2016 - 04:36 GMT

UAE approves $4B loan to boost Egypt's cash reserves

Tunisia is extending its focus to cultural and medical tourism in order to boost visitor numbers. (Pixabay)
April 21st, 2016 - 12:00 GMT

Tunisia's tourism stays afloat despite attacks

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