Lebanon’s Energy and Water Minister has announced that the first electricity barge is expected to reach Lebanon by the end of February and promised to supply the country with 24 hours of electricity every day in 2015 if his plan is implemented on schedule.
Leaders in Erbil and Baghdad are approaching what could be a decisive confrontation in their long-standing dispute over oil policy and autonomy: a legal battle over the Kurdistan Regional Government's (KRG) independent crude exports.
Saudi Arabia's tourism market was one of the world's fastest growing in 2012 despite a slump in the number of visitors to the Middle East, latest figures reveal.
A leading private sector group called for key steps to shore up Lebanon’s economy, including building a second civilian airport, creating more free trade zones and clamping down on strikes by teachers and public workers.
The recall of 1.2 million Toyota cars internationally will not affect Lebanese customers, the local distributor of the Japanese vehicle has said.
Iran’s crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions.
Emirates Airline, Dubai's flagship carrier, has launched a $750m 12-year amortising bond, arranging banks said.
Qatar Holding has unveiled plans for a one billion euro ($1.35bn) investment in Sardinia's tourism sector, it has been reported.
Global giant GE has signed a strategic agreement with the developers behind plans to build a $1bn medical city in Oman.
Property prices in Dubai’s prime locations jumped by up to 30 per cent last year on the Emirate’s sound economic fundamentals, according to a latest report by Hamptons Mena.