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The low oil prices seem to be taking its toll on Saudi Arabia according to Insight Discovery, a financial services market intelligence company, after the oil rich kingdom’s monetary agency withdrew billions of dollars from global asset managers. Countries dependent Read more
The Financial Times revealed that the British Finance Minister is ready to lead a strong business delegation to Iran next year if Tehran respects the historic nuke accord it clinched with world leaders in July, in Vienna. George Osborne, the Read more
The financial support of the United Arab Emirates (UAE) is helping the Hadi government that has recently returned to Aden to bring the city back to life. UAE is part of the Saudi-led coalition and also has soldiers in Yemen Read more
Ahead of President Erdogan’s October visit to Brussels, interim economy minister Nihat Zeybekci told the Turkey-Italy Business Forum, held as part of the National Day of Turkey at Expo Milano 2015, that Ankara wants to be a fully integrated member Read more
Riyadh has been signaled out by the International Monetary Fund (IMF) after consultations about the impact the low oil prices could have on its coffers, especially that almost half of the kingdom’s budget expenses are allocated to salaries, wages and Read more
Oman’s banking sector is expected to register a significant growth in the Islamic banking sector by 2020 according to the chief executive officer of Bank Nizwa Dr Jamil El Jaroudi. Islamic banks have registered important growths against conventional banks in Read more
Algerian dinar currency has slumped against the U.S. dollar and the Euro, hitting the bottom due to the fall by 50 pc in the oil revenues, triggering international concerns over the financial & political stability of the North African country. Read more
The Emirate of Dubai, known for its scorching temperatures like most of the Gulf countries, has unveiled plans to build the world’s largest indoor ski resort to cost US $6.8 Billion. Dubai, which has already an indoor ski resort boasting Read more
Italian Foreign Minister Paolo Gentiloni and Minister of Economic Development Federica Guidi together with senior officials of different industries in Italy were in Tehran on Tuesday on an official visit with one of the major highlights being the signing of Read more
Arab Tourism Organization (ATO) is holding an exceptional regional forum in the city of Taif Tuesday to develop a joint strategy for security training that will help address security concerns impeding the tourism industry in the Arab world. The three-day Read more