CAIRO: The biggest mistake deposed Egyptian president Mohammed Mursi made was stopping wheat imports, Egypt’s new minister of supplies said, pledging to ensure...
CAIRO: The biggest mistake deposed Egyptian president Mohammed Mursi made was stopping wheat imports, Egypt’s new minister of supplies said, pledging to ensure...
BAGHDAD: Interest by Citibank and Standard Chartered to expand into Iraq highlights the vast potential of the country’s banking sector, but the experience...
LONDON: An Abu Dhabi sheikh who helped British bank Barclays avoid a state bailout during the global financial crisis has sold his stake....
DUBAI: Two UAE telecom operators, Etisalat and du, remain at loggerheads over a deal to allow them to compete on fixed line services...
KUWAIT: Kuwait expects to spend around 1bn dinars ($3.5bn) less in the 2013/14 fiscal year, according to the state budget published by the...
DUBAI: Bahrain sovereign fund Mumtalakat said yesterday its net loss for 2012 narrowed by 32.9 percent as improved performance by its financial services...
Manama: State-run Bahrain Petroleum Co (Bapco) has unexpectedly shut a secondary unit at its 267,000 barrels per day (bpd) Sitra refinery after a...
DUBAI: Oman’s Bank Dhofar has approached smaller peer Bank Sohar with a view to merging to create Oman’s second-largest bank, Dhofar said yesterday,...
DUBAI: Saudi Arabia’s bourse slipped off a 15-month high yesterday as earnings misses from petrochemical firms spurred profit-taking, while other regional markets were...
KUWAIT: Kuwait has sent two oil tankers carrying crude and diesel worth $200m to Egypt, a Kuwaiti newspaper said yesterday, part of a...
CAIRO: Egypt’s shattered economy was boosted this week by Gulf allies pledging billions of dollars in aid, but analysts say this simply buys...
Turkish lira banknotes. ISTANBUL: Turkey’s central bank faced calls yesterday to raise interest rates to steady the embattled lira despite political pressure from...
MUMBAI/DUBAI: Abu Dhabi Investment Authority (ADIA), one of the world’s biggest sovereign wealth funds, plans to invest about $200m in Indian real estate,...
DUBAI: Saudi Arabia’s Binladin Group, one of the largest construction firms in the kingdom, has completed a SR1bn ($266.7m) Islamic bond sale, two...
DUBAI: Saudi Arabia’s Al Rajhi Bank fell yesterday, souring bourse sentiment after the kingdom’s largest listed lender posted a near-flat quarterly profit, while...
Traders at Egypt’s stock market in Cairo. DUBAI: Egypt’s bourse rose yesterday after Gulf countries pledged billions of dollars in aid but gains...
DUBAI: Dubai property developer Nakheel , one of the biggest casualties of the emirate’s real estate market crash in 2009, posted a 57...
ABU DHABI: Abu Dhabi airline Etihad raised passenger revenues by eight percent in the second-quarter, helped by higher turnover from its code-sharing and...
