Al KHOBAR: Savola Group, the Saudi Arabia-based food conglomerate, posted a 21.8 percent year-on-year rise in its first-quarter net profit to SR295.2m ($78.72m),...
Al KHOBAR: Savola Group, the Saudi Arabia-based food conglomerate, posted a 21.8 percent year-on-year rise in its first-quarter net profit to SR295.2m ($78.72m),...
LONDON: Egypt owes at least $5bn to oil companies, half of it overdue, corporate reports have revealed, in a development highlighting the country’s...
ABU DHABI: Mubadala, the Abu Dhabi investment fund with a mandate to boost the emirate’s local economy, swung to a net profit in...
DUBAI: The Dubai Mercantile Exchange has dropped plans to offer fuel oil trading to focus on increasing volumes of its Oman crude oil...
KUWAIT: Kuwait is investigating a plan to extract shale gas from its northern fields, a Kuwaiti oil sector official said yesterday, estimating that...
NICOSIA: Near-bankrupt national carrier Cyprus Airways will be kept operational for now but it must undergo drastic restructuring to ensure its immediate future,...
ISTANBUL: The Turkish national carrier Turkish Airlines (THY) said yesterday that it would buy 95 more planes from US aerospace giant Boeing as...
DUBAI: Saudi Arabian family firm Dabbagh Group is in the advanced stages of buying out its Indian partner’s stake in a lubricant venture...
Kuwaiti workers in the oil sector hold placards reading in Arabic ‘When will promises be fulfilled?’ as they stage a protest in Kuwait...
DUBAI: Saudi Hollandi Bank and Saudi British Bank (SABB) beat estimates for first-quarter net profit, with both lenders attributing the growth in earnings...
DUBAI: The United Arab Emirates central bank said yesterday it was introducing a direct debit system for commercial banks, a step which could...
Workers on a scaffolding after restart of construction projects in Nicosia, Cyprus, yesterday. The long bank closure throughout the island has severely affected...
AMMAN: An Iraqi official said yesterday Amman and Baghdad have signed a deal to extend an $18bn pipeline to the Red Sea city...
DUBAI: The UAE’s top telecom operator Etisalat has stopped blocking the website of Skype, the world’s No.1 Internet-based phone call provider, although the...
DOha/DUBAI: Saudi Arabia’s banks helped lift the bourse yesterday after two lenders posted estimate-beating earnings, while other regional markets also gained as bargain-hunters...
Egyptian President Mohammed Mursi (centre) meeting with EU foreign policy chief Catherine Ashton in Cairo, yesterday. CAIRO: The European Union’s foreign policy chief...
ABU DHABI: Etihad Airways said passenger revenues rose 19 percent in the first quarter as Abu Dhabi’s flagship carrier expanded globally through partnership...
DUBAI: Morgan Stanley named veteran banker Sammy Kayello as the chief executive and chairman of its business in the Middle East and North...
