Saudi Arabia's Public Investment Fund could soon own the kingdom's national carrier, Saudia, in a push to make the country more tourist-friendly.
Microsoft has hired British-Syrian Mustafa Suleyman to head its AI business, cementing his role in the industry.
Oil giant Aramco reported a 24.7 percent decline in profits in 2023 compared to the previous year, as a result of lower oil prices and production cuts.
Driven mainly by a rise in food and beverage prices, cash-strapped Egypt's annual urban consumer price inflation jumped to 35.7% last month.
Gulf retail giant AlShaya Group, established in 1890 in Kuwait, owns the right to operate Starbucks in the Middle East.
As Ramadan nears, Egypt's low and limited-income households are facing an intolerable situation even after the unofficial decline of the value of the US dollar.
The World Trade Organization opened its biennial meeting in the United Arab Emirates as the bloc faces pressure from the United States and other nations.
President Abdel Fattah al-Sisi confirmed on Wednesday that a portion of the funds from the $35 billion agreement were received by the Central Bank of Egypt
Qatar's ruling emir is on a visit to the French capital where he is expected to drum up support for a Gaza ceasefire and strengthen French-Qatari ties.
Last week, Iraq's top court ordered the Iraqi government to 'nationalise' salaries of the northern Kurdistan region's public payroll.