Bahrain and Oman cut gas subsidies as oil hits 12-year low
Bahrain and Oman have reduced state subsidies on gasoline as the global oil price dips to its lowest since 2003.
On Tuesday, gas prices at...
ISIS claims responsibility for attack in Homs, Syria
ISIS said it was responsible for a suicide attack in the Syrian government-controlled city of Homs on Tuesday that killed several people.
The Islamist militant...
Egypt to offer incentives for low-cost airlines
Egypt plans to announce incentives for low-cost airlines such as easyJet and Germany's Air Berlin and Condor to help combat a slide in tourist...
Saudi allows Binladin Group tenders days after layoffs
Saudi authorities have allowed construction giant Binladin Group to tender for public building projects in the kingdom again, local media reported, just days after...
Suspects in Saudi embassy attack appear in Tehran court
Nine people accused of storming Saudi diplomatic missions in Iran in January appeared in a Tehran court on Monday, Fars news agency reported, weeks...
Saudi support to rebels slows Assad attacks
Offensives by the Syrian army and its allies backed by Russian air strikes are going more slowly than expected due to increased Saudi support...
Fears for world economy wreak carnage on stocks and oil
World stock markets tumbled and oil plumbed new lows Thursday as investors feared for the global economy on signs of a dramatic slowdown in...
Egypt hands jail terms to 23 Morsi supporters
An Egyptian court sentenced 23 supporters of Mohamed Morsi to lengthy prison terms on Wednesday over a violent protest against the Islamist president's ouster...
Syria's Assad shows no willingness to compromise
As the Syria peace talks resume next week, President Bashar al-Assad, backed militarily by Iran and Russia, shows no willingness to compromise, much less...
Low oil price chance for Gulf economic reforms
The sharp drop in the price of oil, the lifeblood of Gulf economies, is an opportunity to end subsidies and introduce reforms in the...
