TEHRAN: A US company has signed a preliminary agreement to invest $1.18bn (€864m) in Iran, in a rare joint commercial project to turn...
TEHRAN: A US company has signed a preliminary agreement to invest $1.18bn (€864m) in Iran, in a rare joint commercial project to turn...
DUBAI: Dubai is launching a project to build an entertainment and hotel district that will include the world’s largest shopping mall, the emirate’s...
DUBAI: When the Kenyan government issued a debut $2bn Eurobond last month, most of the lead arrangers were top Western and African banks....
DUBAI: Saudi Arabia’s economic growth eased to an annual rate of 4.7 percent in the first three months of 2014 as labour market...
CAIRO: Egypt is targeting economic growth of between 4 and 5.8 percent within the next three years while holding the budget deficit at...
DUBAI: Dubai mortgage lender Amlak has made a new proposal to creditors to restructure and extend repayments of about $2.7bn of debt, aiming...
ISTANBUL: Turkey’s Kiler Holding has signed a memorandum of understanding (MoU) with Qatar-based Al Rayyan to open and operate Kiler supermarkets in Doha,...
LONDON: Iran’s crude oil exports dropped in June after a spike in May, yet sales were still above the level allowed by an...
CAIRO: Egypt’s president approved a law yesterday imposing a new 10 percent tax on capital gains and stock dividends as the country seeks...
A Kuwaiti man holds the sixth edition of a 20 Kuwaiti Dinar bill, that was recently put into circulation by the Central Bank,...
DUBAI: Abu Dhabi investment firm Waha Capital said yesterday it had bought a 20.56 percent stake in Dubai-based oilfield services firm National Petroleum...
Doha: Nebras Power has announced that it has entered into an agreement to acquire significant shares in a 52.5 MW solar power plant...
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...
