DUBAI/DELHI: Iran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves for its decaying energy sector...
DUBAI/DELHI: Iran has offered new, more alluring terms to reluctant Indian companies to win the investment it craves for its decaying energy sector...
BEIRUT: The economic devastation of Syria’s war could drive the economies of neighbouring Lebanon and Jordan into reverse, Syria’s former deputy prime minister...
An Emirates Airline’s Airbus A380 superjumbo plane at Dubai World Central or Al Maktoum International Airport. DUBAI: Dubai’s Emirates airline defied aviation gloom...
DUBAI: Oman’s central bank has stipulated that commercial banks’ loans to small and medium-sized firms must account for at least 5 percent of...
Kuwait: Zain, Kuwait’s No.1 telecom operator, reported a 27 percent fall in first-quarter net profit, missing analysts’ estimates, due to a steep devaluation...
KUWAIT CITY: Kuwaiti politicians and media fumed yesterday over $2.2bn paid to US giant Dow Chemical as a penalty for the Gulf emirate...
RIYADH: Saudi Arabian dairy producer Almarai Co plans to raise at least $500m from the sale of a debut international Islamic bond to...
ABU DHABI: The United Arab Emirates, a major financial hub in the Middle East, has revoked the licences of two money exchange companies...
TUNIS: Tunisia is struggling with rising inflation, a big external deficit and an uncertain political outlook. These obstacles did not deter local businessman...
ABU DHABI: Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, yesterday said first-quarter net profit tumbled 80 percent...
DUBAI: Favourable market conditions may prompt Dubai to issue another sovereign bond this year, a top official said yesterday, adding that the emirate...
RIYADH: Saudi Arabia should cut energy subsidies that are burdening public finances, the economy minister and the head of the state-run utility said,...
Kuwait: Dow Chemical Co has received $2.2bn in damages from Kuwait’s state chemicals company, bringing an end to a more than four-year dispute...
BAGHDAD/ARBIL: A lasting solution to Iraq’s dispute with its Kurdish north is unlikely even if recent talks between the two sides lead to...
ABU DHABI: Emirates Aluminium (Emal), a joint venture between Abu Dhabi investment fund Mubadala and Dubai Aluminium, is planning a further smelter expansion...
RIYADH: Saudi Arabia is finalising a regulatory framework which will allow foreigners to directly own stocks in the kingdom, though the market has...
LONDON: New car sales in Britain were nearly 15 percent higher in April than a year ago, according to the Society of Motor...
ABU DHABI: Abu Dhabi’s International Petroleum Investment Co (IPIC) said 2012 net profit surged on the back of better operational performance and a...
