Saudi Arabia will make sponsors and employers of foreigners working illegally in the country pay the cost of deporting them, under new rules approved by the cabinet, the
The GCC petrochemicals and chemicals capacity is forecast to soar 50 per cent by 2020, according to Gulf Petrochemicals and Chemicals Association (G PER CENTA)
The real estate sector in Bahrain has ‘bottomed out’ in terms of rental rates and sale prices during the first quarter, and it is also clear that huge pent-up demand is waiting to cash in on the Bahrain upturn – when it happens, according to top property
Kuwait Energy, one of the fastest growing independent oil and gas companies in the Middle East, has registered a net profit of $44.9 million in 2012, up 29 per cent
Better job prospects and a brighter outlook on personal finance are driving more spending on leisure and entertainment in Dubai, according to a new survey.
The combined GCC consulting market, which grew by 18 per cent between 2011 and 2012, is now worth just short of $1.9 billion and is set to reach $2 billion during
The residential property market in Dubai recorded robust growth in nearly all sectors in the last six months with the lower budget end of the villa market registering
The jet fuel from Pearl GTL, Shell's gas to liquid (GTL) production plant, has received approval providing new and varied advantages for airports and airlines.
Shareholders in Kuwait Finance House (KFH), the country's largest Islamic lender, have agreed to a 20 per cent capital hike, the company said on Monday.
Oman will shift to a Friday-Saturday weekend to align itself more closely with banking and trade elsewhere in the world, its ruler Sultan Qaboos bin Said announced.
German automaker Audi sold 2,615 vehicles in the Middle East during the first three months of the year compared to 2,112 in the same period last year, marking
Kuwait plans to spend KD4.5-5 billion ($15.8-17.5 billion) on development projects in the 2013/14 fiscal year which began this month, Finance Minister Mustapha
