Business

Undersea Gas Fires Egypt's Regional Energy Dreams

Undersea Gas Fires Egypt's Regional Energy Dreams

Egypt is looking to use its vast, newly tapped undersea gas reserves to establish itself as a key energy exporter and revive its flagging economy, said an AFP report on Sunday. Encouraged by the discovery of huge natural gas fields in the Mediterranean, Cairo has in recent months signed gas deals

Golden Gate Real Estate Project Inaugurated in Bahrain

Golden Gate Real Estate Project Inaugurated in Bahrain

Ajmera Realty and Infra India Limited jointly with Mayfair Housing and Bahrain's Kooheji Golden Gate Developers have inaugurated the highly anticipated Golden Gate residential project. The inauguration ceremony at the Four Seasons Hotel Bahrain Bay featured various presentations using state-of-th

NCB, SABIC Sign MoU to Finance SMEs

The National Commercial Bank (NCB), known as al-Ahli Bank, signed a Memorandum of Understanding (MoU) with Saudi Basic Industries Corporation (SABIC) to develop local industries through financing and refinancing entrepreneurs and boost the national role of “Nusaned” initiative as the first integrate

Turkish Unemployment Rate Rises

Turkish Unemployment Rate Rises

Turkey's unemployment rate stood at 11.1 percent in August, up 0.5 percentage points compared to the same month a year earlier, the country's statistical authority has announced. According to the Turkish Statistical Institute (TurkStat), the number of unemployed persons aged 15 years and over inc

OPEC+ Seeks to Balance the Oil Market during Next Month Meeting

OPEC+ Seeks to Balance the Oil Market during Next Month Meeting

OPEC and its allies are looking to find a balance in the global oil market through plans to cut production next year to prevent a growing supply, while consensus is taking shape among members to support a decision to stabilize the market, according to Suhail Al Mazrouei, UAE Minister of Energy. A

Report: Government, Education Sectors, Banks in Middle East See Highest Data Leak Incidents

Report: Government, Education Sectors, Banks in Middle East See Highest Data Leak Incidents

InfoWatch Group has released a report on confidential data leaks from organizations in the Middle East, covering the period from July 1, 2017, through June 30, 2018. According to InfoWatch Analytical Center, local government agencies and educational institutions experienced 36 percent and 20 per

IMF Says Gulf Economies Recovering

IMF Says Gulf Economies Recovering

Economic growth in the Gulf will recover in 2018 from a contraction last year but remains vulnerable to volatility in crude oil prices, the International Monetary Fund (IMF) said on Tuesday. The Fund predicted that an overall energy price recovery from 2015-2016 lows would spur the economies of t

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