Home next World next Middle East

Middle East

Stock News: Egypt Rebounds, Saudi Arabia Flat

Saudi Arabia’s market lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.

Egypt’s Sisi Meets New Saudi King To Discuss Middle East Crises

King Salman broke official protocol to meet Sisi at the airport.

Egypt Election Committee Working On New Poll Timetable

President Abdel Fattah al-Sisi directed his government to amend the article within one month.

Egypt Court Ruling Opens Way For Possible Election Delay

Egypt has been without a parliament since June 2012.

ISIL In Syria Has Abducted 220 From Christian Villages This Week

The abductions reportedly took place when ISIL took 10 villages inhabited by the ancient Christian minority near Hasaka.

UAE Court Sentences Six Iranians To Life In Jail Over British Businessman’s Kidnap

Abbas Yazdi, a businessman of Iranian descent who owns a general trading company in Dubai, disappeared in June 2013.

ISIL Seize 100 Iraqi Tribesmen Before Battle For Tikrit

Iraqi soldiers and pro-government Shi’ite militias have been massing for days in preparation for an attack on ISIL strongholds along the Tigris River.

Yemen Ex-President Amassed Up To $60bn, Colluded With Rebels – UN Experts

Ali Abdullah Saleh’s rule from 1978 to 2012 was marred by graft, UN appointed investigators have told the Security Council.

Firms See Drone Sales In Gulf Surging After US Eases Export Policy

Teal expects a $4.5 billion UAVs (unmanned aerial vehicles) market in the Middle East over the period from 2014 to 2023.

Gunmen Kidnap French Woman, Yemeni Escort In Sanaa

No further details were immediately available on the identity of the woman or what she was doing in Yemen.

Egypt’s Sisi Issues Decree Widening Scope Of Security Crackdown

The anti-terrorism law gives authorities powers to ban groups on charges ranging from harming national unity to disrupting public order.

Gulf Economies Have Failed To Diversify, Qatar Central Banker Says

GCC economies should rethink their monetary policies and the long-term sustainability of their currency pegs to the U.S. dollar, he said.

Airbus To Deliver 30 Commercial Aircraft To UAE Airlines In 2015

The UAE currently comprises around 20 per cent of Airbus’ Middle East market, an official confirmed.

Stock News: Gulf Markets Stall As Oil Gives Up Gains

Dubai’s stock index fell 0.8 per cent as most stocks declined.

New Defense Secretary Hosts U.S. Gathering On ISIL Strategy

Carter’s meeting at a U.S. Army camp in Kuwait comes against the backdrop of a fierce debate inside the United States about the U.S. strategy.

ISIL Militants Claim Attacks On Iranian Ambassador’s Residence In Libya

The attack come two days after the group claimed responsibility for a double suicide bombing that killed more than 40 people in the eastern town of Qubbah.

Sisi Tries To Reassure Egyptians Despite Host Of Challenges

The former army chief dedicated a major portion of his speech to financial patrons UAE, Saudi Arabia and Kuwait.

With Solar Costs Falling, GCC Govts Should Speed Up Projects – Expert

Regional governments should ditch existing, outdated roadmaps for installing solar, says expert.

EU Court Successes Complicate Sanctions Against Iranian, Russian Companies

Iranian banks’ recent successes in the EU courts are complicating sanctions ahead of June-end talks to curb Iran’s nuclear ambitions.

Fire Rips Through Dubai Marina’s Torch Tower

No fatalities were reported at the time of publishing.

Gulf Carriers Hit Back At Delta CEO’s 9/11 Comments

Emirates’ Tim Clark, Qatar Airways Akbar Al Baker and US-UAE Business Council President Danny Sebright are among those who responded to the comments.

Stock News: Saudi Arabia Down, Egypt Firms As Oil Slides

Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.

Orascom Construction To Raise Up To $241m In Egypt Share Offer

The company plans to offer up to 15.8 million new shares representing 15 per cent of its ordinary share capital.

Flights Resume At Istanbul’s Airport After 3-Hour Suspension Due To Snow

All flights had been suspended at Ataturk Airport and Turkish Airlines said it cancelled 200 flights scheduled for Wednesday and Thursday.

LinkedIn Launches In Arabic, Hopes to Increase MENA Presence

The professional networking site has over 14 million users in the MENA region at present.

Libya Airport, Airline Says Egypt Closes Airspace

The website of Tobruk airport, in eastern Libya, said all flights between Egypt and Libya had stopped.

Deposed Egyptian President Mursi To Face Military Court

Mursi, who has been incarcerated in an Egyptian jail, is facing trial in several cases in civilian courts.

Egypt’s Sisi Urges UN Mandate For Libya Coalition

Egypt’s jets bombed ISIL targets in Libya after the group beheaded 21 Coptic Christians earlier this week.

IEA’s Birol Says Middle East Militancy Poses “Major Challenge” For Oil

Security challenges created by groups such as ISIL are impacting oil investments, which will affect future production, an expert said.

GCC Sees Construction Projects Worth $67.6bn Completed In 2014

Around 42 per cent of the completed projects were residential buildings while 16.9 per cent were commercial buildings, a new study shows.