Demand for natural gas will grow in 2017 but at a slower rate than in recent years, Qatar's energy minister said on Thursday ahead of a meeting of exporting countries.
Dubai business magnate Mohamed Alabbar announced Sunday the launch of a US$1 billion regional e-commerce site in a joint venture with the Saudi sovereign wealth fund and other Gulf investors.
From as early as the 1950s, Egypt's rulers have had an unspoken social contract with Egyptians: Forfeit genuine democracy and freedoms and, in return, you get to live on the cheap with heavy state subsidies keeping down prices of basic items and services -- bread, sugar, rice, fuel, water and electricity.
Iranian investors are pouring money into Kish island in the Gulf, hoping its white sand beaches, coral reefs and more relaxed Islamic rules, could make it a major tourism destination.
Pakistan's top civilian and military leaders traveled to the country's southwest on Sunday to open a new international trade route by seeing off a Chinese ship that's exporting goods to the Middle East and Africa from the newly built Gwadar port.
Dubai inaugurated a new canal Wednesday after a three-year construction project costing US$735 million, in a fresh boost for tourism and commerce in the booming Gulf city state.
At least 26 Shiite Muslim pilgrims headed to Iraq were killed and 28 injured in a bus accident in southern Iran, the ISNA news agency reported on Wednesday.
Iran signed a deal with France's Total on Tuesday to develop a major offshore gas field, its first big contract with a Western energy firm since sanctions were loosened in January.
The futuristic city-state of Dubai announced a deal on Tuesday with Los Angeles-based Hyperloop One to study the potential for building a line linking it to the Emirati capital of Abu Dhabi.
Saudi Arabia raised US$17.5 billion in its first international bond offering, HSBC said Thursday, reflecting strong interest as the kingdom seeks to diversify its oil-dependent economy.