DUBAI: The creation of a single currency in the Gulf Arab region has become inevitable and is only a matter of time, the...
DUBAI: The creation of a single currency in the Gulf Arab region has become inevitable and is only a matter of time, the...
SEOUL/KHOBAR, Saudi Arabia: Hyundai Engineering and Construction has signed a contract to build a project for Saudi Aramco's Uthmaniyah plant for 833.10 billion...
WASHINGTON: The International Monetary Fund said on Thursday that a $12 billion loan program for Egypt should soon be ready for board approval...
RIYADH/DUBAI: Saudi Arabian authorities have taken fresh steps to ease a liquidity crunch caused by low oil prices, suspending the government’s local currency...
DUBAI: Gulf stock markets saw lacklustre trade yesterday as low oil prices and weak earnings weighed on investor sentiment. Crude prices declined for...
BAGHDAD: Iraq told a top Opec official yesterday of its hope that the group could reach a deal to lift oil prices while...
DUBAI: Kuwait’s National Real Estate Company (NREC) in a bourse statement yesterday said it has not committed to any new fundraising activity. The...
DUBAI: Banking shares boosted Saudi Arabia’s stock market yesterday while the majority of other Gulf markets sagged on uninspiring quarterly results. In Qatar,...
DUBAI: Dubai’s Deyaar Development reported a 22.5 percent rise in third-quarter net profit yesterday as revenue surged. The company made a profit of...
LONDON: Oil prices fell yesterday as Iraq said it wanted to be exempt from an Opec deal to cut production, though losses were...
DUBAI: Saudi Arabia’s stock market closed higher for a fourth straight session yesterday after last week’s mega international bond sale by the government...
CAIRO: Egypt hopes to receive final approval for its $12 billion International Monetary Fund lending programme within two months, Prime Minister Sherif Ismail...
CAIRO: Egypt will boost production of natural gas to 5bn cubic feet per day in the 2017-2018 fiscal year as the giant Zohr...
ABU DHABI: Abu Dhabi Commercial Bank missed analysts’ forecasts, after posting a 17 percent fall in third-quarter profit yesterday, due to higher impairments...
DUBAI: Mashreq continued its earnings slump yesterday as Dubai’s third-biggest lender by assets posted a 24.8 percent fall in third-quarter net profit, weighed...
RIYADH: The slump in Saudi Arabia’s retail sector may be close to ending as consumption starts to stabilise after shrinking because of low...
DUBAI: Major stock markets in the Gulf rose yesterday with Saudi Arabia outperforming it peers, continuing to climb on the back of upbeat...
Laila El-Sayed spent her afternoon searching grocery stores in Cairo’s bustling Dokki district on the banks of the Nile River for one thing:...
