Business / Middle East Business

Kellogg and Abraaj up bids in battle for Egypt's Bisco Misr 24 Dec 2014 - 07:56 pm

By Stephen Kalin and Ehab Farouk CAIRO - Kellogg Co, the world's largest breakfast cereal maker, once again raised its bid for Egyptian...

Egypt would not be affected by a Russian wheat export ban 24 Dec 2014 - 07:20 pm

CAIRO - Egypt, the world's largest wheat importer, would not be affected by any Russian ban on wheat exports as it has alternative...

Turkish central bank keeps rates unchanged 24 Dec 2014 - 03:38 pm

ISTANBUL--Turkey's central bank left its main interest rates unchanged on Wednesday, opting to keep policy tight as it awaits a sustained improvement in...

Oman promises to boost tourism 24 Dec 2014 - 09:52 am

MUSCAT--From desert camping to luxury hotels, turtle-watching, and even the Arabian Peninsula's first Italian-style opera house, Oman is hoping to carve out a...

Iraq’s Dec oil exports rise towards record level 23 Dec 2014 - 11:39 pm

LONDON: Iraq’s oil exports are rising in December towards a record high, according to loading data and industry sources, as Opec’s second-largest producer...

Iraqi cabinet approves $102.5 bn budget for 2015 23 Dec 2014 - 08:45 pm

Iraqi labourers walk past an oil tanker docked at a floating platform BAGHDAD - The Iraqi cabinet on Tuesday approved a $102.5 billion...

Iraq's oil export rise in December towards record 23 Dec 2014 - 05:10 pm

LONDON- Iraq's oil exports are rising in December towards a record high, according to loading data and industry sources, as OPEC's second-largest producer...

Iraq to start work on final oil deal with Kurdish region 23 Dec 2014 - 12:54 am

ABU DHABI: Iraq’s Kurdish region will continue to export its own crude oil under an initial deal with Baghdad until a comprehensive deal...

Lufthansa launches new first and business class on Doha sector 22 Dec 2014 - 08:49 am

DOHA: Passengers flying out of Doha can now experience further comfort and convenience on board Lufthansa German Airlines with the new First Class...

Dubai’s largest jewellery outlet 22 Dec 2014 - 08:47 am

Bollywood star Kareena Kapoor Khan inaugurating the 123rd showroom of Malabar Gold & Diamonds in Deira Gold Souk, Dubai. Also seen are Ahamed...

Gulf Air insources 18-month check of Airbus A330 22 Dec 2014 - 08:36 am

Gulf Air technical staff at the airline’s base maintenance facility in Bahrain. Manama: Gulf Air, the national carrier of Bahrain, recently announced the...

Bahrain’s energy projects not affected by oil slide: Minister 22 Dec 2014 - 08:30 am

ABU DHABI: Falling oil prices will not affect the development of oil and gas infrastructure in Bahrain, including an import terminal for natural...

Gulf producers stand firm on Opec output 22 Dec 2014 - 12:38 am

The Minister of Energy and Industry H E Dr Mohammed bin Saleh Al Sada (left)), Saudi Arabia’s Oil Minister Ali Al Naimi (centre)...

Gulf oil producers stand firm on OPEC output 21 Dec 2014 - 07:15 pm

Qatar Oil Minister Mohammed bin Saleh Al-Sada (L), Saudi Oil Minister Ali al-Naimi, and United Arab Emirates Energy Minister Suhail bin Mohamed al-Mazroui...

'Irresponsible' non-OPEC output behind oil price plunge 21 Dec 2014 - 11:12 am

Plunge of oil prices ABU DHABI-- Irresponsible" levels of output by producers from outside the OPEC oil cartel is among the main causes...

Oman sovereign fund boosts local stocks 21 Dec 2014 - 06:53 am

MUSCAT: Oman’s State General Reserve Fund (SGRF) has boosted its buying of shares in the local stock market as prices have slid to...

Saudi to keep massive spending in 2015 budget 17 Dec 2014 - 11:52 pm

RIYADH: Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil, which provides the bulk of...

Gulf can cope with cheaper oil, says IMF 17 Dec 2014 - 09:48 am

DUBAI: The Arab energy exporting states of the Gulf can cope comfortably with sliding oil prices, an International Monetary Fund official said yesterday,...