Middle East

Dubai's 'Apocalyptic' Superstorm Strikes World's Busiest Airport After Historic Rainfall Causes Flood Chaos, Cancelled Flights

Tragically, there has been a loss of life due to the heavy rain and flooding that has caused widespread disruption in Dubai.


Indian Firms Exporting to the Middle East See Their Shares Plummet After Iran's Recent Attacks on Israel

India's tea and rice exporters to the Middle East saw their stock values collapse on worries of logistical issues and higher costs due to geopolitical tensions...

Major Arab Airlines Cancel Some of Their Flights After Iran’s Retaliatory Attack on Israel

Several major Arab airlines have been forced to cancel their flight schedules over the weekend following Iran's strikes on Israel...

Iran's Currency, Rial, Drops to Record Low Against US Dollar After Retaliatory Attack on Israel

Rial, the currency of Iran, experienced a historic low against the US dollar after the country's extensive missile and drone attack on Israel over the weekend...


Latest News

Check Point buys Israeli cyber security firm Hyperwise
Internet and network security provider Check Point Software Technologies has bought Israeli start-up Hyperwise, saying it will help it compete in the fast growing cyber security market.
Dubai World's debt restructuring gets 100 pct creditor backing
State-owned Dubai World has received backing from all its creditors for a $14.6 billion restructuring plan, a court heard on Sunday, paving the way for the deal to be formally approved by May.
First oil tanker docks at Libya's Hariga since strike, storm
An oil tanker has docked at Libya's port of Hariga for the first time since security guards ended a strike this week and a storm passed, a port official said on Thursday.
Saudi Aramco stops Red Sea deepwater exploration work: sources
State oil giant Saudi Aramco [SDABO.UL] has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economizes in an environment of low cru
Lavish freebies from Saudi king to buoy economy, markets
A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expend
Shell signs $11 billion deal to build petrochemicals plant in Iraq
Royal Dutch Shell (RDSa.L) has signed a deal with Iraq worth $11 billion (7 billion pounds) to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on
Retreat of Russian shoppers fails to dent Dubai retailers
Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza
Dubai's Drake & Scull wins $49 million contract
A subsidiary of Dubai’s Drake & Scull International DSI.DU (DSI) has won a 180 million dirham ($49 million) engineering contract in the emirate, the parent firm said on Sunday.
Volatile Libya resumes commercial flights to Europe
Commercial flights from Libya to mainland Europe resumed after more than six months on Saturday with a Libyan carrier taking off to Germany, the airline said.
Amazon in talks to buy Israeli start-up Annapurna Labs: newspaper
U.S. tech giant Amazon is in talks to buy Israeli chipmaker Annapurna Labs for up to $370 million, financial newspaper Calcalist reported on Thursday.
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