DUBAI: French drugmaker Sanofi is leading an investor group buying a 66 percent stake in the Globalpharma unit of Dubai Investments, the Gulf-based...
DUBAI: French drugmaker Sanofi is leading an investor group buying a 66 percent stake in the Globalpharma unit of Dubai Investments, the Gulf-based...
CAIRO: Egypt will pay $1.5bn of the money it owes to foreign energy companies by the end of 2014, its oil minister said...
DUBAI: Dubai’s stock index rebounded strongly yesterday from a plunge in the last session as Arabtec, which continued to dominate trading, turned around...
MILAN: Emirates airline Etihad Airways tied up a deal to rescue debt-laden carrier Alitalia yesterday by taking 49 percent of the Italian company....
SOFIA: Oman’s sovereign wealth fund held talks with the Bulgarian government and the central bank about recapitalising Corporate Commercial Bank (Corpbank), Oman’s honorary...
MUSCAT/DUBAI: Oman has scrapped price controls for all but 23 basic products, prompting rare public criticism of government policy, after companies demanded freer...
DUBAI: Shares in Omani power firms Al Suwadi Power Co and Al Batinah Power Co will begin trading today after their initial public...
LONDON: Iraqi Kurdistan looked set to unload in Israel a first cargo of disputed crude oil from its new pipeline after weeks of...
LONDON: Crude oil held near $115 a barrel yesterday, close to a nine-month high, and was headed for its second weekly gain on...
NEW DELHI: India plans to clear some pending oil payments to Iran through the United Arab Emirates central bank, three sources with knowledge...
ABU DHABI: The former chief executive of major Dubai construction firm Arabtec, who abruptly resigned from the company this week, said he has...
DUBAI: The chief executive of major Dubai construction firm Arabtec resigned yesterday after a tumultuous six weeks during which the company’s share price...
TIKRIT: Iraq’s biggest oil refinery, Baiji, has been shut down and its foreign staff evacuated, refinery officials said yesterday, adding that local staff...
ANKARA: As Iraq struggles to stop an insurgency by Islamist militants, its autonomous region Kurdistan is ramping up independent oil exports, with a...
WASHINGTON: US aerospace giant Boeing and Turkish Airlines yesterday finalised an order for 15 additional 737 MAX 8s, valued at $1.6bn at list...
DUBAI: Dubai construction firm Arabtec maintains a good relationship with major shareholder Aabar Investments and expects to continue growing strongly, Arabtec’s chief executive...
ISTANBUL: The governor of Turkey’s central bank hinted yesterday that another small cut in interest rates is likely at the end of the...
ABU DHABI/DUBAI: Abu Dhabi-based conglomerate Al Jaber Group has signed a debt restructuring deal with its bank creditors, the conglomerate said yesterday, addressing...
