Building projects from universities to soccer stadiums were funded entirely by the public purse but that is changing due to low oil prices
Saudi Arabia is planning to become the region’s car manufacturing hub
OPEC ministers meet in Vienna on December 4 to decide production policy
Fund managers say there is still substantial latent demand for Gulf debt but investors would no longer accept tight pricings that prevailed just six months ago
Although Dubai’s real estate market has been sliding, the emirate has seen several new launches
Saudi Arabia, OPEC’s de facto leader, has shown zero interest in returning to a strategy of supporting prices
Ministries are being told that if money is not fully spent on the projects for which it was originally allocated, the remainder must be sent back to the Treasury
Local tribesmen are fighting alongside Gulf forces to “liberate” the home turf whose strategic value has long captivated foreign powers
As governments’ oil income shrinks, they are making fewer new deposits in their banking systems, reducing banks’ supplies of excess cash
Saudi Arabia led a shift by the OPEC in November 2014 to defend market share against competing supplies
Qatar Investment Authority owns 8.2 per cent of Glencore, 17 per cent of Volkswagen ordinary shares and 12.8 per cent of its preference shares
Saudi Arabia and the other Gulf states have reaffirmed their opposition to Assad, but have not said publicly how they intend to deal with the arrival of the Russian forces
Gulf oil sources believe that low oil prices have so far been successful in stimulating demand for crude
Having successfully closed a $20m funding round the ‘Uber of private aviation’ is plotting the next phase of its expansion
Since the start of 2014, when Kuwait had 211 listed firms, 24 have announced plans to delist
Crown Prince Mohammed bin Nayef, 56, and Deputy Crown Prince Mohammed bin Salman, 30, are next in line to succeed 79-year-old King Salman
Marib has become a key battlefield between Iranian-allied Houthi militia and a coalition of Yemenis and Emirati, Saudi and Bahraini troops
Parliament is dominated by conservatives and many analysts say Khamenei will not want Rouhani’s allies to win a majority
The Gulf states worry about the political, social and economic impact of an influx of refugees
While the world’s top crude exporter has always prized stability in crafting oil policy, the changes have left analysts and traders guessing
The kingdom had announced three years ago that it wanted to install 41 gigawatts of solar electricity by 2032
All the latest news and updates from Dubai’s biggest property event
Over 300 local and international exhibitors will be taking part of the three-day property extravaganza this year
The recent visit of the Indian Prime Minister promises renewed focus on economic and political ties between the two nations
The current surge in volatility seems to owe more to internal market factors than external fundamentals, writes Reuters’ columnist John Kemp
Despite Saudi disappointment with Obama’s push for a nuclear deal with Iran , the U.S. role in Riyadh’s war in Yemen shows Washington remains the kingdom’s core partner
The list of US senators backing the deal has now reached 34
Experts say the sharp drop in oil prices, if it persists for too long, will lead to a re-pricing of GCC credit risk
Oil has dropped to six-year lows, less than half mid-2014 levels
The opening up of the $1.2bn international airport in Madinah – the kingdom’s first privatised airport – heralds new possibilities