United Arab Emirates

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Saudi-Iran row could shatter Syrian peace efforts: Analysts

The deepening crisis between Saudi Arabia and Iran could threaten fragile efforts to negotiate an end to the Syrian war, which has claimed more than a quarter of a million lives, analysts say.
 
"The conflict between Iran and Saudi Arabia will definitely have a negative impact" on the peace process, said Samir Nashar, a member of the Syrian opposition-in-exile.
 

Champion of UAE Signs Colombian Star of Bulgaria's Litex

The reigning football champion of the United Arab Emirates, Al-Ain, signed a contract with Colombian winger Danilo Asprilla who used to be one of the leading players of Bulgaria's Litex.

Asprilla moved to the Bulgarian club in 2014, making 78 appearances, scoring 26 goals and recording nearly 20 assists for the team from Lovech.

Diplomatic Row Between Iran, Saudi Arabia Deepens

The diplomatic row between Iran and Saudi Arabia has deepened as several other countries have joined.

Bahrain, Sudan and the United Arab Emirates have all taken diplomatic actions against Iran after the Saudi embassy in Tehran was attacked following the execution of a Shia Muslim cleric in Saudi Arabia over the weekend.

Turkey's TAV tops airport construction worldwide

Turkey's TAV Construction has once again become the world's largest airport construction company in 2015 on the global list released by the Engineering News-Record (ENR), the company announced in a press release on Jan. 4. 

The total contract value of the projects TAV Construction has undertaken so far has exceeded $17.2 billion.

Turkey home to 100,000 millionaires

Turkey now boasts more than 100,000 millionaires, making it the Middle East's top country for the wealthy, according to an expert on high net worth individuals.

Andrew Amoils of the London-based New World Wealth predicted that Turkey would see a 60 percent increase in the number of millionaires living in the country by 2025.

Saudi to boost petrol prices by more than 50 percent

Saudi Arabia said on Dec. 28 it was raising petrol prices by more than 50 percent for some products from Dec. 29 as it cuts a range of subsidies after posting a record budget deficit at $95 billion.

Prices will also increase for electricity, water, diesel and kerosene under the cuts decided by the council of ministers headed by King Salman, the official SPA news agency reported.

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