Gulf Arab allies have sent billions of dollars in aid to Egypt after Mursi’s fall, which analysts say saved the country from bankruptcy.
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 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.
Sovereign wealth funds in the region are expected to make the biggest investments, with Europe slated to receive the bulk of the amount.
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.
A study by the International Finance Corporation (IFC) found a potential market gap of up to $13.2 billion for Islamic financing in the region.
The Qatari ambassador allegedly denounced a Libyan Supreme Court ruling on his twitter account.
Second citizenship offers greater stability and security, tax efficiency and ease of travel, among other benefits, say experts.
After being hit hard by the Arab Spring and the Syrian civil war, the Middle East’s troubled tourism markets are fighting back even as political hurdles remain.
Job opportunities in the hospitality sector have increased due to the growing number of hotel projects in the region.
Sanaa’s two million residents have been forced to light their homes with candles or private generators, fuel for which is increasingly expensive.
By 2019, 50 per cent of handset subscriptions in the Middle East and Africa will be for smartphones.
Abdel Fattah al-Sisi, sworn in as Egypt’s president on Sunday, is faced with fixing growing unemployment in the country.
Experts say that advertisers are yet to be convinced of users’ receptiveness to mobile ads.
The former army chief won 97 per cent of the vote during last month’s presidential election.
The ‘coming-of-age’ population will turn to mobile travel solutions and will plan, book and manage their options online, a study says.
The UAE pledged last October to build a total of 25 wheat silos with a storage capacity of 1.5 million tonnes to help prevent the loss of billions of dollars worth of wheat per year.