Trading on the Beirut Stock Exchange was marked by the gradual decline of activity throughout the week in terms of value and volume. Weekly traded value fell 16 percent to $30 million and the corresponding volume dropped 2.5 percent to

Saudi Arabia is pouring billions of dollars into Medina, burial place of the Prophet Mohammad and the cradle of Islam, to turn the religion's second holiest site into a hi-tech bastion. The so-called Knowledge Economic City (KEC) is the fourth

A week after failing to deflate record oil prices at a summit in Saudi Arabia, the world's biggest crude producers and consumers will get another chance to tackle the problem at a meeting this week. More than 3,000 international delegates,

The World Bank said Lebanon ranks 150th globally and 13th in the Middle East and North Africa region in terms of government effectiveness. In its annual governance indicators, the World Bank said Lebanon has fallen in general terms of rankings

Baghdad and the autonomous Kurdish administration in northern Iraq have formed a new panel to resolve differences between them over a national oil law, a top Kurdish leader said Saturday. Nechirvan Barzani, the premier of northern Iraq's Kurdish government, said

Civilian flights will start next month at a former military airport in the central Iraqi Shiite holy city of Najaf, the provincial government said on Sunday. Al-Hamza airfield will be inaugurated as a civilian airport on July 20, the statement

Iraq said Sunday it plans to file lawsuits against a group of companies and individuals in US courts over their alleged role in a UN oil-for-food scam under Saddam Hussein's regime. Government spokesman Ali al-Dabbagh said Baghdad was taking this