Iran domestic firms can bid on major oil projects

Move follows complaints from conservatives that foreign companies are being allowed to take lead on major projects.

Dubai group completes $2.4 billion purchase of Kuwait food firm

Saudi raises $17.5 billion in first international bond offering

Libya's economy heading towards collapse

Saudi Arabia plans up to $17.5 billion in first bond issue

Saudi chemical giant SABIC reports 6.8% fall in Q3 profit

Iran oil production to reach 4 million bpd by March 2017

Kuwait's NBK net profit soars in third quarter

DP World Group invests in futuristic Hyperloop train

Turkey, Israel discuss building gas pipeline in fresh talks

Turkish lira hits record low after slew of bad data

OPEC invites Russia, non-OPEC members to October meeting

IEA says OPEC must stick to new target for faster oil market rebalancing

Saudi Aramco 'optimistic' 2018 right time for IPO

Putin says Russia will join OPEC supply curbs

Shell signs initial deal for Iran return

Saudi does not rule out oil price could reach $60 by year-end

Egypt may soon receive first tranche of aid package

Iran, Vietnam pledge to boost future trade

IMF warns global debt at all-time high

Saudi retail bears brunt of government austerity

IMF warns of challenges ahead for MENA region

Ankara trims growth forecast on 'global' factors

Saudi applies Gregorian calendar for government pay

Russia waiting to see OPEC freeze deal details

Turkey suffers 38% tourism drop after coup

OPEC agrees deal to cut oil output

Oil prices post marginal gains

Questions for Turkey economy after Moody's downgrade

Iran says not ready for oil output freeze as prices edge lower

Saudi king unveils austerity drive

Oil market still weak despite recovery: Saudi Aramco

Oil prices rise modestly ahead of OPEC meeting

Sudan needs swift reforms to revive sanctions-hit economy

Moody's cuts Turkey debt rating to 'junk' level

Saudi Arabia reportedly doubts oil output deal

Petrofac to resume work in Tunisia after labour dispute

Gulf emirate targets status as major oil export platform

Turkey cuts rates again to boost slowing economy

Qatar budget back to 'near balance' by 2018


Rabatís cable-stayed bridge to have big effect on Morocco

Mohammed VI Bridge, which connects Rabat with Sale, will be illuminated at night with lighting system able to display 16 million colours.

Open-ended strike of Kuwait oil workers slashes output

Oil workers union chief Saif al-Qahtani says production is partially halted without clarifying which sites had been affected.

Iraq PM calls for legal measures over oil bribery scandal

Abadi instructs anti-corruption commission to take legal action, calls for judiciary to pursue prosecutions connected to scandal.

Al-Jazeera sheds around 500 jobs as part of Ďoptimisation initiativeí

After management review, Ďaround 500 positions worldwide will be impacted, majority of which are in Qatar.í

Once-mighty Hariri firm struggles to survive in Saudi Arabia

Informed source says poor management Ďis one of main problemsí at Saudi Oger, but this has been compounded by economic challenges.

Egypt taxi drivers protest against Uber service

Taxi drivers complain that Uber drivers have unfair advantage because they do not have to pay same kind of taxes or fees.

Iran sentences billionaire tycoon to death over corruption

Babak Zanjani is convicted of fraud and economic crimes, as well as facing death penalty he must repay money to state.

Iran, Turkey set target of $30 billion for annual trade

Visiting Iranian capital, Turkish Prime Minister Ahmet Davutoglu meets Iran's first vice president Eshaq Jahangiri.

Egypt President opens Africa economic summit

Economic summit attended by African leaders and businessmen aims to boost trade and investment across continent.

Dubai sees number of visitors surge by 7.5% in 2015

Rise comes despite slowing economic growth in many markets and strong exchange rate of dirham against euro and other currencies.

Qatar records highest number of visitors in 2015

Tourism Authority says almost three million people visited Qatar in 2015, a record number for energy-rich Gulf country.