DUBAI: Investment Corporation of Dubai (ICD), the state-owned fund which holds stakes in some of the emirate’s top companies, plans to sell a...
DUBAI: Investment Corporation of Dubai (ICD), the state-owned fund which holds stakes in some of the emirate’s top companies, plans to sell a...
SYDNEY: Emirates is not planning to buy a stake in Australian airline Qantas, a report said yesterday, despite the government moving to loosen...
SEOUL: Top global oil exporter Saudi Arabia will step in to cover any potential shortage arising from the Ukraine crisis, its oil minister...
ABU DHABI: Payments for completing projects should drive revenue growth at Aldar Properties in the next two quarters, as the largest property developer...
Manama: The Economic Development Board (EDB) recently said that the Kingdom’s non-oil sector is well positioned for growth in 2014 following a sharp...
DUBAI: Dubai’s Drake & Scull said yesterday that unforeseen delays to two major projects in Saudi Arabia were responsible for the contractor missing...
DUBAI: Yemen’s annual inflation rate eased to 6.7 percent in February, its lowest level since December 2012, mainly due to reduced pressure from...
KUWAIT: Kuwait’s state oil group said it signed a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell yesterday, worth an...
DUBAI: Oman’s Al Batinah Power Co and Al Suwadi Power Co, which launched twin initial public share offers yesterday and are owned by...
LONDON/NEW YORK: The $35bn merger of US-based Omnicom and France’s Publicis collapsed yesterday after a battle for control destroyed plans to create the...
ISTANBUL: Turkish Airlines posted a much deeper first quarter loss than expected yesterday despite rising sales, as it battles tough competition from low-cost...
Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum arrives for a conference to announce the results of the Group in Dubai yesterday. DUBAI:...
KHOBAR: Saudi Arabia produced 9.66 million barrels per day (m b/d) of crude oil in April, up from 9.566m b/d in March, an...
KUWAIT CITY: The energy-rich Gulf states agreed yesterday to resolve hurdles obstructing implementation of a long-delayed customs union, particularly revenue sharing, Kuwait’s finance...
DUBAI: Bourses in the United Arab Emirates, Qatar and Egypt pulled back yesterday as investors booked profits after solid gains and a strong...
CAIRO: Egypt’s economy will grow 2.1 percent this fiscal year, the lower end of the government’s targeted range, according to economists polled, who...
Doha: Initial Public Offerings (IPO) in the Gulf Cooperation Council countries (GCC) showed improvement in terms of offering value as total proceeds raised...
DUBAI: The International Monetary Fund called yesterday on Dubai to take “stronger measures” to avert another property bubble, after prices rocketed at a...
