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

UN needs $500-mln fund requirement for Syrian children education
The United Nations (UN) has received funding of $250million and needs additional $500 million for education programs for over one million Syrian children. Gordon Brown, the former UK Prime Minister an
HSBC and JPMorgan Well Ahead In ARAMCO IPO Race
State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors
Afghanistan is Still The World's Largest Opium and Heroin Producer
Opium production has been one of Afghanistan source of economy. Since 1950's in the area known as Golden Crescent is a well-known opium and heroin production in the world.
To raise money, Syria government imposes tax on Shawarma, restaurants
After struggling a bitter civil war for four years, Syria's government imposes tax on shawarma, restaurants, and other businesses in everyday life as new revenue source.
ISIS selling oil to Syria
ISIS (Islamic State in Iraq and Syria) has begun selling Iraqi crude oil to Syria, against which the Islamic militant group has been fighting to take over the country.
Saudi Arabia may face cash crunch after 5 years
The indications are strong such that mighty Middle East (ME) region also may not sustain cheaper oil prices for long. If oil price continues to hover at $50 per barrel, the majority of Gulf nations wi
Optimistic OPEC secretary-general expects balanced oil market in 2016
By the end of this year and next year, the global oil market will be in a fair and sensible condition. This is according to the expectation of the Organization of the Petroleum Exporting Countries se
Lufthansa invested €3 billion in premium economy service in the Middle East
Deutsche Lufthansa AG invested €3 billion to support its new premium service in the Middle East as it sees potential growth in the region.
Boeing 777 propels Emirates Airlines' growth
The long-haul aircraft requirement of Dubai for positioning itself as a major global hub in the Middle East (ME) Region has been mostly fulfilled by Boeing. Dubai-based Emirates Airlines is banking on
StoreDot could fully charge your phone in just a minute
StoreDot, a startup nanotechnology company in Israel, had come up with a battery charger that could fully charge drained phone batteries in a minute. Doron Myersdorf, the co-founder and CEO of StoreDo
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