Business / Middle East Business

Gulf Air set to expand loyalty plan with BKIC 10 Dec 2014 - 12:07 pm

Doha: The Kingdom of Bahrain’s national carrier, Gulf Air, announced a partnership with Bahrain Kuwait Insurance Company (BKIC) giving the insurance provider’s customers...

Non-oil sector to push growth in Algeria 10 Dec 2014 - 12:01 pm

ABU DHABI: Expansion of non-oil businesses is expected to push Algeria’s economic growth above 4 percent next year despite the plunge of global...

Market, not Opec, will set fair price: UAE 10 Dec 2014 - 04:44 am

Customers put gas into their vehicle at the U-gas station in Miami, Florida. According to the AAA Monthly Gas Price Report, the national...

First reactor of UAE N-plant to start in 2017 09 Dec 2014 - 09:49 am

ABU DHABI: The first of four reactors being built at the United Arab Emirates’ Barakah nuclear power plant is 61 percent complete and...

First reactor of UAE N-plant to start in 2017 08 Dec 2014 - 11:41 pm

ABU DHABI: The first of four reactors being built at the United Arab Emirates’ Barakah nuclear power plant is 61 percent complete and...

Kuwait Petroleum sees prices at $65 for next 6-7 months 08 Dec 2014 - 11:41 pm

KUWAIT: Oil prices are likely to remain around $65 a barrel for the next six to seven months, the head of Kuwait’s state...

Mena IPO activity gains momentum 08 Dec 2014 - 07:28 am

DOHA: The IPO activity in Mena region is inching closer to pre-crisis levels of 2008, induced by positive sentiment in the region’s equity...

UAE’s money exchange industry faces shake-out 08 Dec 2014 - 07:28 am

DUBAI: Some money exchange firms in the United Arab Emirates may have to merge and others could be forced to close as they...

Most Gulf markets slip, Oman tumbles on lower oil prices 08 Dec 2014 - 07:22 am

DUBAI: Oman’s stock market sank yesterday after Standard & Poor’s cut its outlook for the country’s sovereign rating and local cement firms said...

Iran unveils budget based on lower oil price of $70/barrel 08 Dec 2014 - 03:21 am

Iranian parliament members arrive before President Hassan Rouhani presented the budget in Tehran yesterday. TEHRAN: Iran unveiled a draft budget yesterday for next...

Greece-Turkey Business Forum 07 Dec 2014 - 12:49 am

Greek Prime Minister Antonis Samaras (centre), Turkish Prime Minister Ahmet Davutoglu (left) and Greek Foreign Minister Evangelos Venizelos attend the Greece-Turkey Business Forum...

Salary protest in Turkey 07 Dec 2014 - 12:47 am

Thousands of public employees rally in Ankara’s central Sihhiye Square as they protest against the planned low salary hike by the government yesterday....

Saudi slashes January oil prices for Asian, US buyers 05 Dec 2014 - 09:55 am

A man changes the retail prices of oil at a gas station in Medford, Massachusetts, yesterday. LONDON: Saudi Arabia slashed its oil prices...

Egypt economy in dire straits 03 Dec 2014 - 01:19 am

A man crosses Nile river on the Galaa bridge in Cairo. Falling tourist revenues and slowing investments have left Egypt’s economy in ruins...

UAE merges 11 defence companies into EDIC 03 Dec 2014 - 01:07 am

ABU DHABI: The United Arab Emirates (UAE) announced the merger of a number of state-controlled defence companies to create an integrated services and...

Saudi Arabia set for tighter budget after oil price slide 03 Dec 2014 - 01:06 am

DUBAI: Plunging oil prices could mean the first budget cuts for major exporter Saudi Arabia since 2002 but they are not expected to...

Gulf Air unveils new promotion to Shiraz and Hyderabad 02 Dec 2014 - 01:03 am

Doha: Gulf Air, the national carrier of the Kingdom of Bahrain, launched a “Double Miles” promotion offering its FalconFlyer programme members the opportunity...

Gulf markets stabilise after panic sell-off 02 Dec 2014 - 01:00 am

DUBAI: Gulf stock markets steadied and some rebounded yesterday after tumbling a day earlier in response to a plunge in oil prices. Brent...