Blast Targets Houthi Base In Yemen Capital

The explosion left a hole in the wall of the building but no fatalities were reported.

Rouhani Urges End To Iran’s Isolation

Rouhani’s call is in line with his preference for a greater public say on strategic matters, traditionally vested with the Supreme Leader Ayatollah Ali Khamenei.

UAE’s Dana Gas Says Receives $60m From Egyptian Government

Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost four years of instability.

Saudi Arabia To Reopen Baghdad Embassy After 25-year Chill

Saudi Arabia closed its Baghdad embassy in 1990 after the late Iraqi dictator Saddam Hussein invaded Kuwait.

Jailed Australian Journalist Seeks Presidential Deportation From Egypt

The High Court in Cairo ordered a retrial last week on the grounds of procedural flaws in the trial.

Egyptian Court Orders Retrial Of Al Jazeera Journalists

Three journalists are expected to remain in jail until they appear in a new court for retrial, a defence lawyer was quoted as saying.

Oil Ends On A Low After Halving In 2014 As OPEC Stands Aside

Oil prices have collapsed this year as the OPEC opted to maintain the same level of output despite a supply glut.

At Least 26 Killed In Suicide Bombing In Central Yemen

No one claimed responsibility for the suicide bombing, but it resembles previous attacks carried out by al Qaeda in the Arabian Peninsula (AQAP).

Abraaj Pulls Out Of Bidding For Egypt’s Bisco Misr

Abraaj did not give a reason for its withdrawal from the bidding process, but said the orderly and transparent process had underlined growing investor interest in Egypt.

Fire At Libyan Oil Port Destroys Up To 1.8m Barrels Of Crude

The Es Sider terminal and nearby Ras Lanuf stopped working three weeks ago when fighting broke out between rebel groups and government forces.

Stock News: Gulf Markets Drop As Oil Hits Fresh Lows

Dubai’s index tumbled 5.0 per cent as most stocks declined.

Libyan Oil Output Shrinks More As Oil Tanks Blaze

Libya is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga, an oil official said.

Libya Managing Scant Oil Output As Fighting Shuts Major Ports

Output from Libya remains at a fraction of the 1.6 million barrels a day it produced prior to the 2011 ouster of leader Muammar Gaddafi.

Stock News: Gulf Markets Mixed, Saudi Petchems Rise As Oil Edges Up

Dubai’s index fell 0.7 per cent after jumping 2.6 percent on Sunday.

Bisco Misr Takeover Bid Deadline Extended Until January 11

UAE-based private equity firm Abraaj has been battling Kellogg since last month, when the U.S. group scuppered its deal to snap up Bisco Misr.

Interview: Julius Baer CEO On Bank’s Mid-East Growth Plans

The CEO of one of the world’s largest and oldest private banks gives his insight into the evolving world of wealth management, potential acquisition targets, and his plans for the Middle East.

Syria Ready To Discuss Russia Peace Plan Talks, Opposition Dismissive

Although Russia has invited opposition groups to participate in peace talks it did not specify which groups were invited.

Build Greener To Tackle Climate Change, Arab Cities Urged

The speed of the urbanisation process has put additional stress on social services and infrastructure in a region already deeply vulnerable to climate change.

Are Security Concerns Restraining Cloud Computing’s Growth In The Middle East?

While cloud computing is expected to grow in the Middle East and Africa, concerns about security are pushing against that trend.

Iran Exits Recession With 4% Growth In Six Months, Rouhani Says

The International Monetary Fund expects Iran’s economy to expand 1.5 per cent in 2014.

Top 5 Industries For Middle East Employees In 2015

Oil, gas and petrochemicals is the most favoured industry in the region, writes Suhail Masri, VP of Sales at Bayt.com.

Qatar And Egypt Officials Discuss Reconciliation

Gulf states agreed in November to end a dispute with Qatar over its promotion of “Arab Spring” revolts.

Iraq Says OPEC Will Need To Step In If Oil Prices Keep Falling

Iraq’s oil minister Adel Abdul Mahdi did not specify the form of intervention that OPEC should adopt.

How Middle East Tax Laws Impact Foreign Businesses

Nilesh Ashar, partner and head of Tax for KPMG in the UAE, analyses the impact of investment regulations and tax laws on foreign businesses foraying into the Middle East.

Warplane Downed In Islamic State-Held Eastern Syria

The Observatory, which monitors Syria’s war with a network of sources, said the pilot was believed to have an Arab nationality.

Stock News: Gulf Markets Edge Up In Early Trade; Real Estate Strong

Dubai’s main index was up 2.2 per cent at 3,802 points with property stocks dominating trade.

Australian Foreign Minister Hopeful Egypt Will Release Al Jazeera Journalist

Egyptian President Abdel Fattah al-Sisi suggested in November he was considering pardoning Greste and two other journalists of Qatar-based Al Jazeera television.

Over 1,000 Islamist Militants Killed In U.S Strikes In Syria

Activists say that the death toll since the military campaign was launched in late September was probably higher among the hardline Islamist insurgents.

Stock News: Gulf Stock Markets Mixed Early On After Oil Pulls Back

Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.

German Diner Wienerwald Invests Dhs10m In Dubai, To Launch Two Outlets

The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.