KUWAIT: China’s foreign exchange regulator has increased the amount which Kuwait’s sovereign wealth fund can invest directly in the Chinese securities markets to...
KUWAIT: China’s foreign exchange regulator has increased the amount which Kuwait’s sovereign wealth fund can invest directly in the Chinese securities markets to...
DUBAI: National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a 47.8 percent rise jump in fourth-quarter net profit yesterday,...
KUWAIT: Kuwait’s Jazeera Airways yesterday said it had raised its capital by 74 percent to KD42m ($149m) through a share issue which was...
CAIRO: Egypt’s foreign reserves have risen to $15.5bn, helped by a deposit by Qatar to support the economy, its finance minister said, although...
Kuwait: Kuwait’s budget surplus for the first eight months (April 2012 to November 2012) of fiscal year 2012/2013 reached KD14.7bn ($52bn), exceeding the...
SANA’A: Yemen’s parliament approved the transitional government’s YR2.77tn ($12.9bn) 2013 spending plan yesterday, four weeks after it was passed by the cabinet, after...
WASHINGTON: The International Monetary Fund has begun negotiations with Tunisia on a loan programme and hopes to return to Egypt for talks on...
JEDDAH: Saudi Arabian dairy and food producer Almarai Co posted a 29.2 percent rise in its fourth-quarter net profit, beating analyst forecasts, the...
A helicopter airlifts the Aston Martin Vanquish onto the helipad of the Burj Al Arab Hotel, yesterday. The aerial extravaganza was held as...
DUBAI: A jump in US Treasury yields in the last few weeks has raised a grim possibility for emerging market bond investors: A...
DUBAI: Dubai’s bourse climbed to a new two-year high yesterday as investors shifted funds to stocks lagging an early-year rally, while other regional...
ABU DHABI: The share of renewables in the global energy mix has increased over the past decade to more than 15 percent but...
DUBAI: Abu Dhabi’s Taqa has no restart date for oil output stopped after a leak at its Cormorant Alpha platform, a part of...
ABU DHABI: Banks in the UAE agreed yesterday to make a formal plea to the central bank to ease the mortgage limits which...
KHARTOUM: Sudan plans to increase oil production to at least 150,000 barrels per day (bpd) this year thanks to two new oilfields and...
ABU DHABI: The world oil market is well-balanced and well-supplied, UAE Energy Minister Mohammed Al Hamli said yesterday, adding his country plans to...
JEDDAH: Savola Group, the Saudi-based food conglomerate, posted a 17 percent drop in fourth-quarter net profit, missing analysts’ forecasts, mainly due to a...
BAGHDAD: Iraq’s cabinet approved an $879m oilfield service contract with Samsung Engineering for the development of the Badra oil field, the cabinet said...
