Business / Middle East Business

Egypt GDP growth rises to 4.2 pct in FY14-15: Planning minister 05 Dec 2015 - 12:51 pm

Egypt planning minister Tarek Kabil CAIRO: Egypt's economy grew 4.2 percent in the 2014/2015 fiscal year, up from 2.2 percent growth during the ...

UAE non-oil trade grows 2% to Dh534 billion in 2015 1H 01 Dec 2015 - 11:51 am

Abu Dhabi: The UAE non-oil direct trade reached Dh534.1 billion in the first half of 2015, marking a 2 % year-on-year increase from...

Monarch, Thomson extend stop on Sharm el-Sheikh flights 01 Dec 2015 - 12:00 am

London: Thomson Airways and Monarch on Monday said they were delaying the resumption of regular flights to the Egyptian Red Sea resort of...

UAE’s Dana Gas wins $1.98bn Kurdistan judgement 29 Nov 2015 - 04:11 pm

DUBAI: An international arbitration tribunal in London, ruling in a dispute that has lasted six years, ordered the Kurdistan Regional Government (KRG) in...

Saudi’s Kingdom Holding, Alinma plan $2.2bn fund for tallest building 29 Nov 2015 - 04:09 pm

DUBAI: Saudi Arabia’s Kingdom Holding , the investment firm of billionaire Prince Alwaleed bin Talal, said its affiliate Jeddah Economic Co (JEC) had...

German State aims for 4 billion-euro exports to Saudi Arabia by 2020 29 Nov 2015 - 09:58 am

The German State Vice Prime Minister and Minister of Economy Nils Schmid. Riyadh: The German State of Baden-Wurttemberg will strive to attain over...

Iran's foreign trade reaches $56.939 billion 29 Nov 2015 - 09:31 am

Tehran: Iranian Customs Department has said the country's foreign trade volume reached US $56.939 Billion during the first eight months of Iranian year...

Kuwait awards record $30 bn on projects despite oil slide 24 Nov 2015 - 05:13 pm

Kuwait City: Kuwait has awarded projects worth a record $30 billion so far this year despite the sharp fall in oil income, officials...

Algeria sees energy earnings, reserves dropping sharply in 2016 22 Nov 2015 - 05:17 pm

By Hamid Ould Ahmed ALGIERS: Algeria’s energy earnings are forecast to fall to $26.4 billion next year while foreign exchange reserves will dip...

Egypt's trade deficit down 26% in August 19 Nov 2015 - 09:49 am

Cairo: Egypt's trade deficit fell 26 percent to LE27.9 billion in August of 2015 down from LE37.5 billion in the same month last...

Saudi firm injects 49 mn euros into Euro Disney 18 Nov 2015 - 03:26 pm

Riyadh: A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney...

Turkish investments in Malaysia totalled US$241 million 16 Nov 2015 - 10:05 am

Turkey's President Recep Tayyip Erdogan (L) Malaysian Prime Minister Najib Razak shake hands before the G20 Summit in Antalya, Turkey 15 November 2015....

Egypt's unemployment rate falls to 12.8% in Q3 16 Nov 2015 - 09:45 am

Cairo: Egypt's unemployment rate fell to 12.8 % in the three months ending September 30th from 13.1% in the same period a year...

GCC petrochemical exports to China grow 15 Nov 2015 - 05:54 pm

Dubai: GCC petrochemical exports to China rose to 13.37 million tonnes, valued at $15.15 billion in 2014, recording a 5% increase compared to...

Germany provides 127.9 million Euros in additional aid to Jordan 15 Nov 2015 - 09:48 am

Amman: Germany has allocated 127.9 million euros as additional aid in grants, technical assistance and soft loans that target "substantially important sectors for...

Jordanian bank deposits rise to 32.24 billion Dinar 12 Nov 2015 - 11:51 am

Amman: Jordan's bank deposits increased 6.5% to 32.24 Billion dinars for the period ended September 30, compared with 30.261 Billion dinars during the...

Abu Dhabi's Taqa company reports Dh416 million loss in 3Q 12 Nov 2015 - 10:12 am

Abu Dhabi: Abu Dhabi National Energy Company (Taqa) posted a third-quarter loss, although its top managers highlighted some operational improvements. Taqa reported a...