Business / Middle East Business

DUBAI: Bahrain-based Investcorp  said yesterday it agreed to sell a majority stake in British online payments services firm Skrill Group to private equity...

Salalah: The 18th Annual Conference “Arbitration in Disputes of Capital Markets in the GCC Countries”, opened in Salalah yesterday under the patronage of...

  ADEN: Yemen has allowed 18 international oil firms to bid for 20 onshore and offshore blocks in the sixth auction issued by the...

DUBAI:  Shares of Dubai property developer Union Properties, in which lender Emirates NBD  holds a major stake, surged 11 percent in massive trading...

LONDON: Libya’s largest refinery yesterday loaded its first petroleum products tanker since labour unrest hit the oil sector nearly three weeks ago but...

DUBAI: Qatar’s central bank (QCB) has sent a draft circular on new Basel III capital rules to conventional and Islamic banks that includes...

DUBAI: Egypt’s stock market fell sharply yesterday as security forces in Cairo moved to disperse demonstrators supporting deposed President Mohammed Mursi, sparking violent...

DAMASCUS: The central bank in Syria has lifted restrictions on the sale of dollars to individuals, state news agency SANA said yesterday, in...

DUBAI: Saudi Arabia led other Gulf markets higher yesterday as most reopened after long Eid holidays, while Dubai bounced from technical support, suggesting...

Riyadh: Jeddah-based Alkhabeer Capital says it plans to broaden its investments around the Gulf and seek a listing on the Saudi stock exchange,...

ABU DHABI: The central bank of the UAE has conditionally lifted a ban on transfers between banks of personal loans to local citizens,...

PARIS: Iran has beefed up its oil tanker fleet with vessels from China and is selling more crude to Beijing as Tehran struggles...

BAGHDAD: Iraq’s oil exports are stagnating compared with a year ago and are set to fall sharply next month while major work is...

CAIRO: Egypt’s urban consumer inflation quickened to its fastest in two years last month, the central bank said yesterday, driven by higher food...

DUBAI: Qatar Exchange was down yesterday by 5.27 points or 0.05pc to close at 9,803.19 from 9,808.46 points on Monday. Among the top...

JERUSALEM: A group of energy companies that discovered large amounts of natural gas off Israel’s Mediterranean coast said they were in talks to...

DUBAI: Saudi Arabia’s main stock index rose above the 8,000-point level yesterday for the first time in nearly five years, while Egypt hit...

CAIRO: Egypt’s foreign reserves jumped in July to their highest in 20 months, the central bank said yesterday, boosted by $5bn that Gulf...