Arabic

Gulf markets track weak crude; Qatar stocks drops to 1-month low

Gulf markets track weak crude; Qatar stocks drops to 1-month low

Qatars bourse fell sharply on Wednesday after the US and Switzerland launched criminal probes against FIFA officials, while other Gulf stock markets were weak as oil prices failed to recover from Tuesdays drop.

Anti-money laundering drive: Bankers join key Riyadh talks

Anti-money laundering drive: Bankers join key Riyadh talks

While KYC (know your customer) remains the most accurate way to identify transactions across the Middle East and North Africa (MENA) markets, the regions companies need to perceive regulation as a driver for their business growth.

KAEC expects tenant inflow to accelerate

KAEC expects tenant inflow to accelerate

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabias Red Sea coast near Jeddah, expects its inflow of new corporate tenants to speed up this year as the economy proves resilient to low oil prices, said Fahd Al-Rasheed, KAECs managing director.

Gaza unemployment 'ticking time-bomb': Israeli lawmaker

Gaza unemployment

The surge in unemployment in the Gaza Strip is a "ticking time-bomb", an Israeli member of Knesset said today.

Jordan: Lower energy prices to increase competitiveness

Jordan: Lower energy prices to increase competitiveness

Key contributors to Jordans growth are expected to be stronger construction activity and mining exports as well as higher government investment, according to a study.

Egypt opens $500 million power plant

Egypt opens $500 million power plant

Egypt has opened a 750 megawatt power plant in the northern outskirts of Cairo, the cabinet said on Tuesday, as the country tries to stave off power cuts that have plagued Egyptians' lives and businesses in the summer months of the last few years.

Saudia aims to have 200 aircraft by 2020

Saudia aims to have 200 aircraft by 2020

Saudi Arabian Airlines will have a total of 200 aircraft by the next five years, said Saleh bin Nasser Al-Jasser, director general of the national flag carrier.

Saudi Arabia to open stock exchange to foreigners

Saudi Arabia to open stock exchange to foreigners

Saudi Arabia announced on Monday that direct foreign investment in the stock market will soon become possible, according to a statement by the Riyadh-based Capital Market Authority.

Qatars inflation falls to 0.9% in April

Qatars inflation falls to 0.9% in April

Inflation in Qatar continued to slow in the first four months of 2015.

Saudi, Korean firms to build car manufacturing plant

Saudi, Korean firms to build car manufacturing plant

The Saudi National Automobile Manufacturing Company (SNAM) and the Saudi Arabian Public Investment Fund (PIF) are working closely with South Koreas Daewoo International, to establish an automobile manufacturing plant.