Middle East

Yemen's Houthi group claimed responsibility for the attack on the MSC Darwin ship in the Gulf of Aden and the launch of missiles toward the Israeli city of Eilat.

The World Bank warns that escalating conflicts in the Middle East could push oil prices over $100 a barrel, potentially increasing the recent decline in global inflation and worsening economic challen..

Dubai's major airport announced on Friday that it will limit the number of flights arriving for the next two days as it works to remove a three-day backlog caused by a record storm in the UAE...

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

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UAE venture capital firm BECO Capital expects that the tech sector will spur amid the slowdown in the economy due to low oil prices. Especially in the region, the firm projects that tech startups will

Islamic Finance is catching up among non-Islamic markets also. Economists and finance experts say that Islamic Finance is the need of the hour for the global economy in the wake of sluggish markets an

Egyptian-Chinese industrial zone in Ain Sokhna may attract $5 billion investments. About 100 companies are expected to set up their operations in the zone paving the way for creation of employment opp

Ending a sanction on Iranian oil export, The Monte Toledo, an oil tanker appears as the first to deliver crude oil in Europe since mid-2012. Iran’s oil export during February falls short from its earl

Surpassing Russia, the Kingdom of Saudi Arabia (KSA) has regained its lost status as top oil exporter to China in January 2016. However, China's oil imports eased during the month, while Russia suffer

Iranian tycoon Babak Zanjani and 2 others have been convicted and sentenced to death since they are considered as "corruptor on earth" under Iran's Islamic Penal Code. They have embezzled $2.7 billion

Hewlett Packard Enterprises (HPE) has beaten analysts' forecasts for the first quarter earnings. HPE has posted earnings per share (EPS) of 41 cents a share for first quarter as against the 40 cents p

Drone racers around the world will face and compete with each other in Dubai to vie for the prize stake of $1 million that will be distributed in the different categories. The team that wins the race

Israel is witnessing an increasing number of new venture capital (VC) firms coming up. The country registered an inflow of $665 million VC funding during the first two months of the year. Unfazed wit

Africa's largest trading block is attracting attention of global investors and businessmen. The recent 'Africa 2016' investment forum held in Egypt had participation of over 1,500 businessmen and gove

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Middle East

MSC Darwin Ship Targeted by Yemen's Houthis in Gulf of Aden

Middle East Conflict Could Push Oil Prices to the Top and Drive Global Inflation, Says World Bank

Dubai Struggles to Bounce Back After United Arab Emirates Floods Delayed Airport Flight Schedules

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

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

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

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