KUWAIT CITY: Kuwait invited bids yesterday to build a solar farm to produce 70 megawatts of electricity by 2016, the first phase of...
KUWAIT CITY: Kuwait invited bids yesterday to build a solar farm to produce 70 megawatts of electricity by 2016, the first phase of...
DUBAI: New car sales in the United Arab Emirates are likely to jump above the peak achieved in 2008 before the global credit...
CAIRO: Egypt’s central bank said it had suspended its deposit auction yesterday and would hold a repurchase agreement (repo) auction in its place,...
DUBAI: Annual inflation in Yemen surged to 14 percent in April, the highest level since February 2012, fuelled by rises in the prices...
KHARTOUM: Sudan’s currency has fallen close to a record low against the dollar on the black market since Khartoum threatened to halt cross-border...
DUBAI: Dubai’s ruler yesterday pressed for the Gulf emirate to be given the right to host the 2020 Universal Exposition, as the Paris-based...
DUBAI: Economic Zones World (EZW), a unit of government-owned conglomerate Dubai World, has sold its British-based logistics firm Gazeley to Brookfield Asset Management,...
JUBA: South Sudan continues to pump oil to Sudan despite a threat from its neighbour to stop cross-border flows in a row over...
DUBAI: Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said...
DUBAI: Investment firm Dubai Group’s assets are worth just a fifth of its $10bn of debt, sources involved in its restructuring said, signalling...
DUBAI: Yemen’s central bank exceeded the legal limit on how much it may lend to the government by 347.9bn rials ($1.6bn) last year,...
DUBAI: Investment Corp of Dubai (ICD), the holding company for some of the emirate’s best-known companies, has signed an upsized $2.55bn, five-year loan...
ABU DHABI: US lender Citigroup will leave the interbank interest rate setting panel in the United Arab Emirates on June 25, reducing the...
NEW DELHI: Top oil exporter Saudi Arabia is selling more crude to India in July as two refiners have asked for additional cargoes, ...
DUBAI: Dubai’s second-largest property developer, Deyaar, plans to launch two new projects this year, its chief executive said yesterday, adding to a series...
KHARTOUM/JUBA: Sudan edged back from a day-old order to block all oil exports from South Sudan yesterday, saying it could reverse its decision...
ISTANBUL: With few customers to serve, the money changers near Istanbul’s Taksim Square jabber in annoyance behind their glass partition. Their volume of...
KHARTOUM: Sudanese President Omar Al Bashir yesterday ordered a halt to the flow of oil from South Sudan, less than two months after...
