Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting.
"The cabinet has decided to stop and cancel some bonuse
Ministers and members of parliament belonging to Lebanon's Hezbollah could be sanctioned under a new US law targeting the group's finances, a US Treasury official said on Friday.
The US Hezbollah International Financing Pr
Egyptian President Abdel Fattah al-Sisi reshuffled his cabinet on Wednesday, appointing 10 new ministers including ones for the key finance and investment portfolios, Egyptian state TV reported.
Banking veteran Amr Al Garhy was ap
Top ministers and decision makers are set to meet at Saudi Arabia's largest and most exclusive digital gathering to-date next week in Riyadh, Saudi Arabia.
ArabNet Riyadh 2015 will run from December 14 to 1
Egyptian President Abdel Fattah al-Sisi kept his finance, investment and interior ministers in a new government sworn in on Saturday, state news agency Mena reported, as he tries to rebuild an economy battered by Islamist militant violence.
Gulf energy producers will continue to invest to maintain stable energy supplies, Qatar's Oil Minister Mohammed Al-Sada said in Doha on Thursday ahead of a meeting of Gulf states' oil ministers.
"The world knows very
Gulf oil ministers are due to meet this week in Qatar for an annual meeting, in the first gathering by the heavyweight crude producers since the latest slide in oil prices.
But while the price drop is not on th
Government ministers in Bahrain have been ordered to outline unnecessary administrative expenses, as part of plans to reduce public spending.
The move, directed by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Kha
Saudi King Salman on Wednesday appointed Interior Minister Prince Mohammed bin Nayef as his new heir, replacing the monarch's half brother Prince Muqrin, and made his son, Defence Minister Mohammed bin Salman, second in line to succeed.
Saudi Arabia's King Abdullah appointed new ministers for health, higher education, transport, agriculture, information and Islamic affairs on Monday as part of the kingdom's broadest reshuffle of second-tier posts in years.