DUBAI: General Motors said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower...
DUBAI: General Motors said it expected the automobile industry in the Middle East to show growth that is sustainable, but at a slower...
LONDON/GENEVA: Libya’s crude oil exports have shrunk to just over 10 percent of capacity from three ports, out of a possible nine, as...
CAIRO: The Egyptian pound strengthened on both the official and black markets yesterday as concerns the country faced sustained instability eased further, traders...
TRIPOLI: Striking workers who have cut Libyan oil output by over half want more power for the country’s eastern region, Oil Minister Abdelbari...
BAGHDAD/LONDON: Iraq has offered investors more lucrative terms to tap a large oilfield and build a refinery, while blaming Royal Dutch Shell for...
DUBAI: Iran signed a memorandum of understanding (MoU) on Monday to export gas to Oman from 2015, in a 25-year deal valued at...
DUBAI: Saudi British Bank (SABB), an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its capital...
CAIRO: The Egyptian pound strengthened on the black market yesterday as fears the country might be sliding into a period of sustained violence...
NEW DELHI/LONDON: Iran is raising its exports of iron ore and iron products to China and India in an attempt to replace at...
DUBAI: A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market...
DUBAI: Dubai Aerospace Enterprise (DAE), owner of US-based engine repair and maintenance business StandardAero, is in talks to merge parts of its business...
KUALA LUMPUR: Societe Generale will launch a one billion ringgit ($300m) Islamic bond programme in Malaysia, two sources familiar with the deal said,...
DUBAI: A unit of Saudi Arabia’s No.2 mobile firm Etihad Etisalat (Mobily) has signed a memorandum of understanding with four shareholders in Etihad...
DUBAI: Sembcorp Salalah Power and Water Co, in which a unit of Singapore’s Sembcorp Industries has a 60 percent stake, plans to raise...
ANKARA: Turkey ramped up its overnight rate by half a point to 7.75 percent yesterday in a new defence of the lira as...
DUBAI: Egypt’s bourse snapped a three-session losing streak yesterday after authorities arrested Muslim Brotherhood leader Mohamed Badie, raising hopes among some investors that...
ABU DHABI: NMC Health Plc, the United Arab Emirates healthcare provider posted a 17.4 percent rise in first-half net profit helped by higher...
DUBAI: State-owned Dubai Electricity and Water Authority has unveiled plans for a 1200 megawatt (MW) clean coal power plant and is seeking bidders...
