The benefits are estimated to cost the government BD6 million annually.
The government plans to borrow half of that amount overseas from commercial banks and “strategic partners”.
The airline said that it has suspended operations due to increased operating costs and regional instability.
Spending this year is projected at $35.1 billion, up five per cent from the original expenditure plan in the 2013 budget.
The Ministry of Health has reduced the prices of 14 drugs used for the treatment of diabetes in a move to make medicines affordable.
Regional stock markets are projected to reflect expectations for solid global economic growth this year.
Themed ‘Shop At Your Best’ the festival this year features 150 events and activities.
The group also posted the contact information of Steve Ballmer, Microsoft Corp’s retiring chief executive, on its Twitter account.
The region was focused on finding alternate terrestrial cable routes in 2013, writes Paul Brodsky, senior analyst at TeleGeography.
All shops in Saudi Arabia are supposed to shut for half an hour during the daily Muslim prayers.
Law firm Dewey & LeBoeuf was one of the US’ largest and most profitable law firms.
Construction of the project is expected to be completed within two years after awarding the contract.
The Dubai-based developer has promised customers free luxury cars as part of its Dubai Shopping Festival promotion.
Three men in the Kingdom have been jailed for 15 years for two homemade-bomb attacks.
Bahrain’s National Oil and Gas Authority (NOGA) announced plans on Dec. 23 to raise the price of diesel from Jan. 15.
After a 12-year bull run, gold has shed 28 per cent in 2013.
The move would allow landline monopoly Telecom Egypt to offer mobile services.
Visitors will be asked to present valid ID proof when entering the freezone.
Lower demand and higher local wages are expected to drag growth in Saudi Arabia’s retail sector, says NCB Capital.
The Reuters survey found that 47 per cent of managers were likely to put more money into Egyptian equities, up from 33 per cent in November.
The five-kilometre pilot project will link the existing Abu Dhabi- Dubai main road (E11) and the new Abu Dhabi-Dubai main road (E311).
The company has not yet named a replacement for the CEO, but has announced other management changes.
Dubai developer is currently evaluating construction bids for the retail and entertainment complex.
The precious metal looks set to end this year down around 28 per cent as investors shifted money to equities.
The men were convicted of carrying out two attacks, including one during last year’s Formula 1 race.
Both firms are franchisee holders for the distribution of Pepsi Co products.
The 550-megawatt integrated solar combined cycle plant will be located near Tabuk on the Red Sea coast.
The megaplex at The Dubai Mall marked 25 per cent growth in audience turnout this year compared to 2012.
Al Jazeera’s offices in Cairo have been closed since July 3
Apartment prices at Burj Khalifa currently stand at Dhs3, 750 per square feet – a 50 per cent increase from February 2009.