Business / Middle East Business

Turkish Airlines unites three football legends 21 Apr 2023 - 09:48 am

Doha: Turkish Airlines, the first airline to become the official sponsor of the UEFA Champions League, released an exclusive UEFA Champions League film...

Iraq to raise electricity production to 24,000 megawatts next month 21 Apr 2023 - 09:48 am

BAGHDAD: The Iraqi Ministry of Electricity announced its plans to raise electricity production to 24,000 megawatts early next month, an increase of 3,500...

Saudi Arabia transfers more Aramco oil shares to wealth fund 16 Apr 2023 - 11:33 am

Riyadh: Saudi Arabia has put a second chunk of four percent of shares in the Aramco oil giant under the control of the...

Saudi Arabia to cut oil production by 500,000 barrels per day 02 Apr 2023 - 07:13 pm

DUBAI: Saudi Arabia said on Sunday it will cut oil production by 500,000 barrels per day from May until the end of 2023,...

Kuwait bourse closes higher 31 Mar 2023 - 10:39 am

KUWAIT: Kuwait Bourse closed up yesterday. The All Share Index gained 28.07 points to reach 7,050.76 points, an increase of 0.40 percent. As...

Muscat stock closes higher by 0.18% 31 Mar 2023 - 10:39 am

MUSCAT: Muscat Stock Exchange (MSX) index 30 closed Thursday at 4,863.09 points, up by 8.8 points, or 0.18 percent, compared to last trading...

World Bank approves $7 billion loan to support Egypt reforms 22 Mar 2023 - 05:05 pm

CAIRO: The World Bank said on Wednesday it approved a $7 billion loan to support Egypt’s push to empower the private sector and...

Oman’s OQ gets $2 billion in orders for $244 million Abraj IPO 07 Mar 2023 - 10:41 am

One of Oman’s main energy firms raised $244 million from the initial public offering of its oil-drilling unit, pulling off Muscat’s largest listing...

Egypt raises price of gasoline in latest hike amid inflation 02 Mar 2023 - 11:10 pm

CAIRO: Egypt raised the price of some types of gasoline on Thursday, the latest hike to beset the cash-strapped Middle East country amid...

World Cup airlift helps flydubai to record profits 01 Mar 2023 - 03:31 pm

Dubai: Low-cost airline flydubai announced record profits for 2022 on Wednesday helped by nearly 1,300 shuttle flights to neighboring Qatar during the football...

Egypt, Jordan, UAE, Bahrain sign deals valued at over $2 billion 26 Feb 2023 - 08:50 pm

Egypt, Jordan, Bahrain and the United Arab Emirates signed agreements to set up nine integrated industrial projects with an investment of over $2...

Lebanese banks to suspend open-ended strike at PM's request 24 Feb 2023 - 08:09 pm

BEIRUT:Lebanon’s struggling banks on Friday decided to suspend their strike, which started earlier this month, for one week after caretaker Prime Minister Najib...

Growth prospects for Turkish economy after the earthquake 20 Feb 2023 - 09:05 am

Doha: The devastating earthquake that struck Turkiye and Syria recently reminded us the natural disasters that the world has witnessed in the recent...

Istanbul exchange shuts for first time in 24 years 08 Feb 2023 - 08:20 pm

Istanbul: The Istanbul stock exchange announced on Wednesday that it would close for five days in response to this week's deadly earthquake, the...

Jazeera plans to fly on more routes as it posts record profit 07 Feb 2023 - 05:29 pm

Kuwait’s Jazeera Airways plans to start flying on more routes this year as higher demand for travel helped the low-cost carrier post record...

Muscat stock closes higher 07 Feb 2023 - 10:06 am

Muscat: Muscat Stock Exchange (MSX) index 30 closed yesterday at 4,754.44 points, up by 13.5 points, or 0.28 percent, compared to last trading...

Turkish Airlines and Indigo inks leasing agreement 03 Feb 2023 - 11:46 am

Doha: As part of the commercial agreement between Turkish Airlines and IndiGo Airlines, the first flight on Delhi-Istanbul route has been operated on...

Flynas opens first office in Doha 02 Feb 2023 - 02:04 pm

Doha: The Saudi low-cost carrier Flynas opened its first office in Qatar, becoming the first budget airline linking the two brotherly countries. Flynas...