The plan, rejected by Israel, offered full recognition of the Jewish state but only if it gave up all land seized in the 1967 Middle East war and agreed to a “just solution” for Palestinian refugees.
The U.S.-led coalition escalated air strikes on Islamic State in and around Kobani, also known as Ayn al-Arab, last week.
Qatar has provided around $7.5 billion in loans and grants during ex-president Mohammed Mursi’s year in power.
Market watchers suggest the lack of regional IPO activity in recent years could soon be a distant memory.
The current strategy requires Western patience that grows thinner with each headline of gruesome Islamic State atrocities or videos depicting beheadings of American or British hostages.
The attack occurred just hours after a showdown between the Houthis and President Abd-Rabbu Mansour led to the resignation of PM Ahmed Awad bin Mubarak.
In 2015, growth in the region is expected to accelerate to 3.9 per cent – but that is 0.9 percentage point slower than the IMF’s July forecast.
The investment is expected to help Amak, a firm specialising in providing petroleum services, to fund its growth plans.
Robust GDP growth, quick adoption of 3D platform technologies and increasing awareness of IT threats is boosting regional IT spend.
International passenger traffic rose 6.7 per cent in August with all regions showing growth over the previous year.
Except for eight strikes against the Khorasan Group in Syria, all have been against Islamic State militants.
Yeganeh Salehi, Tehran correspondent for the UAE English language newspaper, The National, was freed last week and is said to be in good health.
British aid worker Alan Henning was part of an convoy taking medical supplies to a hospital in Syria in December last year when he was kidnapped.
Private Banking in the region is set to grow further this year, as nationals switch from protecting their wealth to growing it.
Mergermarket attributed the sharp decline in total values to the lack of inbound mergers and acquisitions.
The air cargo growth was aided by Middle East airlines’ growing links to developing markets and their diversification plans, IATA said.
GCC states would not “stand idly” in front of foreign intervention, the ministers said in a statement after the meeting late on Wednesday in the Saudi Arabian city of Jeddah.
Bourses in Saudi Arabia, Qatar, Kuwait and Oman will close for the whole week starting October 5.
Al Nowais Investments, an Abu Dhabi-based private firm is leading a consortium to build Egypt’s first coal-fired power plant in the Suez area.
Funds dedicated to sukuk are a rare breed, with only 20 currently marketed in the Gulf.
The Middle East and North Africa region is expected to see its digital universe grow by over 600 per cent by 2020, finds new study.
Gulf states have provided $30 billion in funding over the last decade to develop African infrastructure, a study says.
Intensifying the scale of operations against the militants could send costs soaring to between $13 billion and $22 billion annually, analysts say.
The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.
The grid has been working since 2009 with trading touching the equivalent of 800,000 mega watts (MW) hour of energy annually.
The project would not only mark a huge expansion of Arabtec’s business but also boost Egypt’s struggling economy and help to resolve a housing shortage.
Oil has fallen from $115 in June, pressured by concern about slowing global demand and higher supplies, raising concern among some oil exporters of lower revenues.
Islamic State fighters have exploited the chaos of Syria’s three-year-old civil war, which pits Assad and his allies against mainly Sunni Muslim rebels and Islamist militants.
International aid agencies are relying increasingly on local organisations to get access to communities in need both in Syria and Iraq.
MAF-Fashion will begin the roll out of the AllSaints stores across the GCC in 2015, a statement said.