A breakthrough in green automotive engineering allowing motorists to cruise for a third of every journey without using fuel, will soon become as common in cars on Middle East roads, said an industry expert.
Egypt's new president Abdel Fattah Al-Sisi pledged on Tuesday to give up half his salary and property and called on the Egyptian people to make similar sacrifices in a bid to prepare the public for a period of painful economic austerity.
No more job cuts will be made at Bahrain's national carrier after more than a quarter of its staff faced the axe last year, pledged officials.
An aggressive restructuring strategy launched in December 2012 has
Saudi Arabia mobile operator Mobily will cut its second-quarter profit by SR338.7 million ($90.3 million) after fixed-line rival Etihad Atheeb scrapped a deal between the two companies, it said on Monday.
Saudi Arabia’s business community has opposed the move to reduce weekly working hours in the private sector from 48 to 40 hours, said a report.
The businessmen said the move would have a negative impact on the economy, incre
Hospital treatment could become cheaper as a result of a nationwide project to reduce the cost of more than 500 commonly used medicines in Bahrain, according to a report.
The price of the medication for chronic diseases will be sl
US troops stationed in Juffair have hit out against the Pentagon's decision to cut their pay after Bahrain was removed from a list of places in "imminent danger".
The US Department of Defence (DoD) announced on Frida
Boeing has announced that it was notching down the production rate of its biggest plane, the iconic bubble-top 747, due to slack demand.
The slowdown won't affect financial forecasts for Boeing, analysts sa
Rolls-Royce is to focus on cutting "unacceptable" levels of costs after the firm's first-half profits rose by more than a third, helped by booming demand for aircraft engines.
Rolls, the world's second-largest ma