Oil prices neared nine-month highs late last week, touching $115 a barrel.
The investment will be conducted through Egypt’s International Company for Agro-Industrial Projects.
UAE officials have also urged Emirati citizens in Lebanon to leave the country immediately.
King Abdullah, on his way home from Morocco, did not leave his plane, which was on the ground at Cairo airport for just over an hour.
Gulf Arab allies have sent billions of dollars in aid to Egypt after Mursi’s fall, which analysts say saved the country from bankruptcy.
Taiwan’s Quanta will begin mass production of Apple’s first smartwatches from July, in time for an October launch, sources say.
The amount represents a five-fold increase compared to the same period (June 12 – June 15) in 2013, said Visa.
Populist politician Geert Wilders published stickers critical of Islam in the green and white colours of the Saudi flag last December.
King Abdullah will stop off in Cairo for just a few hours on his way home from a visit to Morocco, Saudi sources said.
State-owned firm SABIC topped the list consecutively with $50 billion in revenues and an asset base of $90.4 billion.
Iraqi Prime Minister Nuri al-Maliki has said that the Kingdom backs Sunni militants ISIL.
The 4.7-inch phone comes with four front-facing cameras and is priced at $649 contract-free.
Doha carrier now serves both city hubs and is the latest carrier to fly to the more conveniently located airport
The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.
A new survey finds that a quarter of finance professionals said that lack of career progression was one of the main reasons for changing jobs.
Gulf Business checks out 10 of the biggest malls that are coming up across the Middle East and North Africa region over the next few years.
Baiji, one of three oil refineries in Iraq, was shut down amidst rising sectarian violence in the country.
A senior U.S. official said Obama had not yet decided on a course of action.
Mehleb, followed by his ministers, took the oath of office in front of President Abdel Fattah al-Sisi, the former army chief who re-appointed the premier in May.
Al Jazeera journalist Abdullah Al-Shamy was one of 13 people freed on health grounds on Monday.
The ship will support possible US action to help Iraq’s government combat a insurgency in the country.
The new government includes 10 new ministers and a new investment ministry separate from that of industry and trade.
In a statement, the Kingdom blamed the crisis on years of “sectarian and exclusionary” policies.
The delivery had been expected around the end of May, but was pushed back after the airline rejected the aircraft during a pre-delivery inspection.
Sovereign wealth funds in the region are expected to make the biggest investments, with Europe slated to receive the bulk of the amount.
Batelco, via wholly-owned subsidiary BMIC, had sued Chennai-based Siva and its chairman Chinnakannan Sivasankaran.
Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.
Shares in Dana Gas dropped 4.8 per cent on Sunday as part of a wider rout in Gulf stock exchanges that was partly due to the news from Iraq.
Azar has been with Barclays since September 2010, when he joined from private equity firm Kohlberg Kravis Roberts & Co.
Aramex CEO Hussein Hachem says he will be looking to bring Mail Call’s ‘WantItNow’ e-commerce delivery service to other markets.