Iran making fresh pitch for tourists

Islamic republic seeks healthy revenues from tourism with recent lifting of economic sanctions.

Thomas Cook posts widening loss after terror attacks

Telecoms giant Zain sees fall in net profit

Flydubais net profits plunge in 2015

Public debt of GCC countries to double by 2020

TUI records 40% drop in summer bookings to Turkey

IEA holds OPEC responsible for oil supply glut

Oil prices slide as hopes of output cut fade

Oil prices rebound on news of Saudi-Venezuela talks

Air Arabia net profit falls to $144.69 million in 2015

Israel looks to exploit potential gas reserves with pipeline projects

Emaar Malls' annual profit surges 23% in 2015

Iran carmaker reveals 427 million euros in Peugeot perks

Kuwait bourse surges on Americana sale news

Net profits of Dubai property giant rise 19% to $1.19 billion

Price collapse taking its toll on oil producers budgets

European banks still reluctant to do business with Iran

Russia pumped record amount of crude oil in January

Saudi fiscal reserves drop to four-year low on weak oil

Syrian refugee children exploited in Turkey clothes factories

Iraq oil exports rise slightly but revenue plunges on low prices

ATR signs one-billion-euro deal with Iran for up to 40 planes

Dubai remains world's busiest airport for international travel

Saudi Telecom Co raises stake in Kuwait's VIVA

Iran expects to finalise deal for 40 ATR planes within days

Number of Russians visiting Turkey almost halves in December

Russia ready to take part in OPEC meeting

Iranian president in France for mega deals

Saudi Arabia battles for oil market supremacy

Kuwait and Iraq: OPEC cannot cut production alone!

CEO of Saudi Aramco predicts oil price recovery by year-end

Oil rises above $30 as glut worries persist

Iran market new business opportunity for Europe

Kuwait in spending spree despite decline in oil revenues

Low oil prices no obstacle to Saudi Aramco investment

Iran plans to buy 114 Airbuses to revitalise ageing fleet

Right time for Gulf countries to introduce reforms

China signs raft of trade deals with Egypt

Kuwait plans to cut heavy subsidies on fuel, power

South Sudan losing money on every oil barrel it sells


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.

Eiffel Tower gets fewer visitors after devastating terror attacks

Iron Lady of Paris receives 6.91 million visitors in 2015 compared with 7.1 million in 2014, according to company that runs monument.

Tunisia olive production at risk of halving by 2030

Climate change can wreak havoc in Tunisia, where only a few hundred kilometres separate fertile lands from first dunes of Sahara desert.

Kuwait names new acting Oil Minister in cabinet reshuffle

Oil Minister Ali al-Omair is moved to public works ministry in limited cabinet reshuffle following row with top oil executives.

Asian, Saudi owners dust off Madrid Ritz

New owners from Hong Kong and Saudi Arabia now plan to revive glory of Madrid's Ritz hotel by spending 90 million euros on its makeover.

Syria parliament approves deal on Iran line credit

Credit line will be the third that Tehran has extended to Damascus since conflict erupted in March 2011.

Gazan software firm growing despite Israel blockade

Luzu, co-founder of Unit One, says his company now employs 89 people, mostly women, deals with his clients through Skype.

Qatar signs deal for 24 French Rafale fighter jets

Separate deal will see France train 36 Qatari pilots and around 100 mechanical engineers, as well as intelligence officers.

Closure of last overland route chokes off Lebanon exports

As peak harvest seasons draw closer, exporters and truckers are hoping for speedy solution to problem.

At time of war, cigar business launched in Syria

State-run General Tobacco Company launches locally-made cigar business in Latakia in bid to create desperately needed jobs, boost revenue.