Business

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Egypt increases fuel prices, as part of austerity measures

Jun 16, 2018

Egypt's Ministry of Oil has announced steep increases in fuel and cooking gas prices as part of the country's economic reforms and austerity measures

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Saudi-led troops fight rebel forces south of Yemen's Hodeida

Jun 15, 2018

Troops in a Saudi-led coalition have captured a town south of Yemen's port city of Hodeida

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Abu Dhabi's Etihad Airways posts losses for consecutive year

Jun 14, 2018

The United Arab Emirates' flagship carrier Etihad has posted losses of $1.52 billion despite a slight bump in revenue compared to the previous year

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Saudi-led forces open assault on Yemen port city of Hodeida

Jun 13, 2018

A Saudi-led coalition backing Yemen's exiled government has begun an assault on Yemen's port city of Hodeida

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Egypt defends austerity measures amid fears of unrest

Jun 13, 2018

Egypt's President Abdel-Fattah el-Sissi has defended austerity measures aimed at reviving the economy, amid fears of public anger that may have motivated the arrest of activists and bloggers in recent weeks

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Saudi king orders Eid holiday bonus for some citizens

Jun 13, 2018

Saudi Arabia's King Salman has ordered a 1.7 billion riyal ($453 million) payout to beneficiaries of social security in the kingdom ahead of the upcoming Islamic Eid holiday that marks the end of the holy month of Ramadan

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India says Pakistan firing kills 4 soldiers in Kashmir

Jun 13, 2018

India say Pakistani firing killed 4 paramilitary soldiers on militarized frontier in disputed Kashmir; Pakistan denies starting the fighting and summons diplomat over earlier civilian death

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First gas arrives in Turkey through pipeline from Azerbaijan

Jun 12, 2018

First gas arrives in Turkey through pipeline from Azerbaijan; also will supply Europe

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Report describes Dubai real estate as money-laundering haven

Jun 12, 2018

A new report is describing Dubai's real-estate market as a haven for money launderers, terror financiers and drug traffickers sanctioned by the U.S. in recent years

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Mideast online retailer Noon.com partners with eBay

Jun 12, 2018

Middle Eastern online retailer Noon.com has partnered with eBay to give shoppers in Saudi Arabia and the United Arab Emirates a way to more easily buy products online from the U.S. and other parts of the world

News

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