Business / Middle East Business

MILAN/ABU DHABI: Abu Dhabi’s Etihad Airways is examining Alitalia’s books and is expected to decide by Christmas whether to take a stake in...

CAIRO: Egypt is still in talks with foreign energy companies to change the amount the government pays them for natural gas produced in...

NEW DELHI: Indian and Iranian officials are meeting this week to discuss how to unlock the first oil payments to Iran since the...

DUBAI:  Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp’s Middle East and North Africa...

DUBAI: Saudi Arabia’s Dabbagh Group is planning to sell a 19 percent stake in its lubricants business Petromin ahead of a potential public...

DUBAI: Abu Dhabi probably won’t reach its target for industrial growth by 2020 and will need to lower it, a senior government official...

Iran President Hassan Rowhani (right) presents the proposed annual budget to Parliament Speaker Ali Larijani (centre, left) yesterday. DUBAI: Iranian President Hassan Rowhani...

TRIPOLI: Libya has lost more than $7bn and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields...

ATHENS: Greece’s parliament approved a budget plan filled with over ¤3bn of austerity cuts that sees the debt-laden country emerging from a six-year...

Al KHOBAR: Saudi Arabia produced 9.745 million barrels per day of crude oil in November, little changed from the previous month, when it...

NICOSIA: Tourism spending in Cyprus in the first 10 months of 2013 hit ¤1.95bn, more than last year’s total, boosting hopes the sector...

DUBAI: A unit of Dubai World  has sold its Atlantis resort, which sits on a palm tree-shaped island in the Gulf, in an...

VIENNA: Iran’s leading oil negotiator says Tehran wants Western oil companies to revive its giant ageing oilfields and develop new oil and gas...

From left: Mostafa Higazi, the Presidential Adviser for Political Affairs, Egypt’s Finance Minister Ahmed Galal, Egypt’s Central Bank Governor Hisham Ramez and Egypt’s...

VIENNA: Iran yesterday named seven Western oil companies it wants back in its vast oil and gas fields once international sanctions are lifted...

RIYADH/DUBAI: Saudi Arabia’s economy expanded at an annual rate of 3.1 percent in the third quarter, only half as fast as it grew...

VIENNA: Iran and Iraq yesterday put Opec on notice of substantial oil output increases to come, saying others in the producer cartel will...

DOHA: Qatar’s real estate market witnessed a growing demand for  high quality properties during the third quarter of 2013. On the other hand,...