Business / Middle East Business

Big Guards-owned company may lose out as Iran economy, politics shift 26 May 2016 - 11:42 am

Labourers work at the construction site of a building in Tehran, Iran January 20, 2016. REUTERS/RAHEB HOMAVANDI/TIMA/FILE PHOTO BY BOZORGMEHR SHARAFEDIN DUBAI: Long...

GE announces $1.4 bn investments in Saudi Arabia 23 May 2016 - 06:28 pm

File photo shows a door of a General Electric (GE) refrigerator at a store selling electronics and appliances in Montebello, California. (AFP /...

Israel resumes cement shipments for Gaza reconstruction after 45-day break 23 May 2016 - 12:01 pm

By Nidal al-Mughrabi GAZA: Israel resumed cement shipments to the Gaza Strip on Monday, ending a 45-day-old ban it imposed after it accused...

Lebanon central bank says must comply with US Hezbollah law 18 May 2016 - 12:00 am

BEIRUT, May 17 (Reuters) - Lebanon's central bank governor said on Tuesday Lebanese banks must comply with a new U.S. law targeting Shi'ite...

IMF: Iran at 'pivotal moment' to rejoin global economy 18 May 2016 - 12:00 am

David Lipton, first deputy managing director of the International Monetary Fund (IMF), speaks at a fiscal forum roundtable discussion during the IMF and...

Emirates’ Dnata looking for acquisitions after record year 17 May 2016 - 11:17 am

(photo: dnata) By Manus Cranny and Deena Kamel Yousef Emirates Group’s aviation services arm is looking for acquisition opportunities after the cash-rich unit...

Oil may buoy Gulf but trading volumes shrinking 16 May 2016 - 09:30 am

A file photo of an investor monitoring the stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016....

Iran says European banks still wary of US sanctions threat 15 May 2016 - 10:41 am

Tehran: Big European banks remain reluctant to work in Iran four months after the lifting of international sanctions under a landmark nuclear deal...

Trade resumes at main Tunisia-Libya crossing: officials 15 May 2016 - 12:00 am

Tunisian guard at the Ras Jdir border crossing between Tunisia and Libya on November 26, 2015 (AFP Photo/Fethi Nasri) Zarzis, Tunisia: Border traffic...

U.S.’s Kerry seeks to reassure European banks on Iran trade 12 May 2016 - 11:10 am

U.S. Secretary of State John Kerry (L) is met by Britain's Foreign Office minister Hugo Swire as he arrives at a summit on...

Saudi Sipchem to recall sukuk before maturity: bourse filing 12 May 2016 - 08:47 am

DUBAI: Saudi International Petrochemical Company (Sipchem) plans to recall a sukuk maturing on July 6 three weeks early, it said in a bourse...

Abraaj to spend $500 mln growing African hospital business 11 May 2016 - 12:07 pm

KIGALI: Dubai-based emerging market investment fund Abraaj will spend up to $500 million in start-up capital for a mid-tier hospital business in Africa,...

New players needed in Turkish Islamic banking to reach 15% share target: regulator 11 May 2016 - 10:20 am

ISTANBUL: New players must enter the Islamic banking market in Turkey for the sector to reach its target of 15 percent of the...

Gulf Air launches summer schedule 11 May 2016 - 02:09 am

A Gulf Air flight taking off. Manama: In anticipation of the upcoming peak summer travel period Gulf Air, Bahrain’s national carrier, has announced...

Syria leans on exchange bureaus to save plummeting pound 10 May 2016 - 04:37 pm

Damascus: Syria's central bank on Tuesday ordered exchange bureaus to buy millions of dollars from it, state media said, to boost a currency...

Emirates would buy more A380s even if new version shelved 10 May 2016 - 03:09 pm

People sit in a cafeteria as Emirates Airlines aircrafts are seen at Dubai International Airport, United ArabEmirates May 10, 2016. REUTERS/Ashraf Mohammad By...