Business / Middle East Business

Emirates, Qantas seek more tie-ups 02 Apr 2013 - 06:13 am

Emirates aircraft taxi at the Dubai International Airport yesterday. DUBAI: Dubai’s flagship carrier Emirates and Australia’s Qantas Airways Ltd will look to extend...

Bahrain’s growth slows as energy output stalls 02 Apr 2013 - 06:11 am

DUBAI: Bahrain’s economic growth slowed sharply in the final quarter of 2012 as growth in hydrocarbon output stalled and two years of social...

Profits surge at Dubai ruler’s flagship firm 02 Apr 2013 - 06:11 am

DUBAI: The flagship company in the ruler of Dubai’s personal business empire increased profits sixfold in 2012, benefiting from cost cuts and a...

Egypt lifts gas price ahead of IMF visit 02 Apr 2013 - 06:11 am

CAIRO: Egypt raised the price of state-subsidised cooking gas for the first time in two decades yesterday, a government official said, trimming an...

Cyprus leader says nobody immune to inquiry 02 Apr 2013 - 06:09 am

NICOSIA: The Cypriot president pledged yesterday that not even his own family will be immune from a commission of inquiry into allegations of...

Egyptian pound slips on the black market 01 Apr 2013 - 06:31 am

CAIRO: The Egyptian pound has fallen sharply against the dollar on the black market in the last few days, market participants said yesterday,...

Dana Gas collects $73.7m from Egypt and Kurdistan 01 Apr 2013 - 06:30 am

DUBAI: Dana Gas has collected a total of $73.7m in receivables from its operations in Egypt and the Kurdistan region of Iraq in...

Bank depositors in Cyprus to lose 60pc savings 31 Mar 2013 - 01:14 am

Cyclists gather at Eleftheria square in front of a branch of the Bank of Cyprus in Nicosia yesterday. NICOSIA: Major depositors in Cyprus’s...

Gas from Israel’s Tamar field starts flowing 31 Mar 2013 - 01:11 am

JERUSALEM: Natural gas from the Tamar field off Israel’s Mediterranean shores began flowing yesterday, the head of a partner in the field said...

Public spending to push UAE economy up 31 Mar 2013 - 01:10 am

Abu Dhabi: High public spending due to strong oil prices will ally with the UAE’s position as a safe haven for investments to...

No plan to leave euro: Cyprus 29 Mar 2013 - 10:55 pm

A woman gives money to musicians busking in a street in the old part of the Cypriot capital Nicosia yesterday. Businesses and families...

Gold exports from Turkey to Iran resume 29 Mar 2013 - 10:49 pm

ISTANBUL: Turkey exported almost $120m worth of gold to Iran in February, data showed, suggesting the two countries’ trade of gold for natural...

UAE agrees to soften stance on mortgages 29 Mar 2013 - 04:03 am

ABU DHABI: The UAE Central Bank has agreed, in principle, to soften plans to introduce limits on mortgage lending for residential properties following...

Cyprus banks reopen 29 Mar 2013 - 03:34 am

People queue outside a Laiki bank branch in the Cypriot capital of Nicosia, yesterday, as they wait for the bank to open after...

President cuts own salary by 25pc 29 Mar 2013 - 03:34 am

NICOSIA: Cypriot President Nicos Anastasiades has decided to cut his own salary by 25 percent, while cabinet members will take a 20 percent...

Kuwait budget surplus at $60.5bn 28 Mar 2013 - 02:06 am

KUWAIT: Kuwait had a budget surplus of KD17.2bn ($60.5bn) in the first ten months of its fiscal year, preliminary budget data showed yesterday,...

Turkey halts energy deals with ENI over Cyprus row 28 Mar 2013 - 01:09 am

ANKARA: Turkey has suspended energy projects with Italian giant ENI because it is involved in exploration for oil and gas off the divided...

1,600 UAE taxis to run on LNG 28 Mar 2013 - 12:42 am

Abu Dhabi: In light of the lowering cost of gas-operated taxis worldwide, Sharjah, one of the seven emirates of the UAE, is planning...