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Egypt begins first trial run of ‘new Suez Canal

  Egypt began on Saturday the first trial run of its "new Suez canal," officials and state media said, ahead of the formal....


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GCC’s Hospitality Industry Seeing Rise In Job Vacancies – Report

The number of job vacancies in the hospitality sector in the Gulf region has gone up from 18,000 in 2009 to 61,000 in 2013, acco....


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Gulf OPEC members back keeping ceiling intact

Kuwait Oil Minister said he “strongly believes” that Gulf OPEC members support keeping the cartel’s production....


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Emaar Properties trims Egypt listing price, sees up to $334 mln float

The listing of Emaar Misr is expected to be the largest flotation on the Cairo exchange since 2007. Dubai's Emaar Properties an....


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Kuwait’s Al Ahli Bank buying Piraeus Bank Egypt for $150 mln

  Kuwait’s Al Ahli Bank will pay $150 million for a 98.5 percent stake in the Egyptian unit of Greece’s Piraeu....


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Egypt puts capital gains tax on hold for two years

Egypt's government put a 10 percent tax on capital gains on hold on Monday, reversing a key component of its economic reform age....


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Saudi Arabia’s March crude exports at 7.898 mln bpd, highest in years

Saudi Arabia’s crude oil exports rose in March to its highest levels in years at 7.898 million barrels per day (bpd), offi....


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Top 10 Countries With The World’s Biggest Oil Reserves

  Brent crude oil spot price is expected to fall from an average of $112 per barrel in 2012 to annual averages of $108 per....


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Oil prices hit fresh 2015 high on weaker dollar, Libya supply woes

Oil prices rose more than $1 to fresh 2015 highs on Wednesday, continuing a month-long rally that has been supported by a weaker d....


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Qatar invites oil firms to bid for al-Shaheen oilfield from mid-2017

  The oilfield, 80 kilometers (50 miles) off Qatar’s coast, is one of the largest in the world and currently pro....


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