Oil output in Iraq's Kirkuk has slumped to 30,000 barrels a day since June, 90 per cent down on earlier this year, and a federal pipeline to the Turkish port of Ceyhan may be out of action for over a year due to sabotage, Kirkuk's govern
Foreign direct investment (FDI) in the GCC fell to $24 billion last year from $28 billion in the previous year, down 14.6 per cent, according to United Nations Conference on Trade and Development’s (UNCTAD) annually published World Investm
Jordan's air force shot down an unidentified drone near the north-eastern border with Syria on Friday, a government spokesman said, the first such event announced by authorities since Syria's crisis began
The rise of Dubai's red-hot residential real estate market is slowing as government steps to curb speculative buying have an impact and higher prices start to affect demand, consultants JLL said in a report on Sunday.
At least 50 of Bahrain's top supermarkets and food distributors have signed a pledge to keep prices down during Ramadan.
The memorandum of understanding (MoU) is a commitment not to raise prices and actuall
Iraq's biggest oil refinery, Baiji, has been shut down and its foreign staff evacuated, refinery officials said on Tuesday, adding that local staff remain in place and the military is still in control of the facility.
A Bahrain private school has been shut down for safety and security lapses.
Education Minister Dr Majid Al Nuaimi ordered City International School to close for flagrant licensing violations, said a report in the Gulf Daily News (
Omani telecom operator Nawras said its revenue increased 2.7 per cent in the fourth quarter of last year, from RO51.4 million ($133.1 million) for the same period in 2012.
The net profit for the period was RO10 million, down 2.9 p