The 24-hour Arabic language news channel, based in Bahrain, will have a specific focus on Saudi affairs.
Salman’s announcement suggested that the government remained willing to spend heavily despite the hit to its oil revenues from low prices.
South Korean and Taiwan might be the most promising markets in 2015, writes Khalid.
Amid announcements of luxury suites and personal butlers, are Gulf Airlines returning us to the golden age of aviation?
The wheat will be purchased in shipments of 55,000 tonnes, the Kingdom’s state grain buyer said in a statement.
Saudi Arabia and Qatar were the biggest contributors, committing $25 million and $10 million respectively to Gavi Alliance.
The group is planning to open 40 new medical centres as part of its expansion in the region, a senior company official said.
Construction of the villa project has already begun and it is due for completion at the end of 2015.
The lender will increase its capital to SAR20 billion from retained earnings by issuing two shares for every three shares held.
New regulations being planned by the UAE will ban the use of UAVs near airports, residential areas and other public properties.
Authorities have forecast that 79 million passengers will travel through Dubai International Airport in 2015.
The official said that the company will postpone few projects to the future while planning to stretch some works due to low oil prices.
The fair oil price will be one that balances supply and demand, the chief executive said.
Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.
Brent crude traded just above $48 per barrel as Greece’s election results put pressure on oil and global equities.
In a statement, MAS said the website was not hacked, but that users were redirected to a hacker website.
Protesters marked the anniversary of the 2011 uprising that toppled Hosni Mubarak.
The bank made a net profit of Dhs409.6 million in the last quarter of 2014, it said in a statement.
The first retail and dining concept store is set to open in Abu Dhabi’s Yas Mall in May, with plans also lined up for Dubai.
Home prices in Dubai rose 15 per cent in 2014, with the last quarter seeing sluggish growth, a new report says.
Gulf banks have recorded much improved net profit numbers in 2014 driven by higher loan growth, increased non-interest income and reduced provision charges.
A bustling hub for global aviation, Dubai International Airport has not sat idle when it comes to large-scale investments in expansion and upgrades.
The Gulf country is expected to see a growth of 3.5 per cent for 2015 and 2016, according to IMF’s latest update.
Air traffic in the GCC is expected to grow by six per cent over the next few years, a top industry official said.
Economies such as Qatar, Iraq, Libya and Saudi Arabia will be hit hardest by the more than 50 per cent decline in petroleum prices, the IMF said.
Reef Towers will comprise of 378 units and seven retail units, the developer said.
Al-Watan was one of two newspapers suspended by a judge for two weeks last year.
As part of the deal, Aabar will sponsor the team’s pre-season training camp and receive a certain portion of match-day advertising.
The next generation smartphone from Samsung is expected to be launched during the upcoming Mobile World Congress.
Oil prices have dropped by more than half since last June as output around the world has soared while demand growth has slowed.