BAGHDAD: Bad weather cut oil exports from Iraq’s Basra ports to 864,000 barrels per day (b/d) yesterday from 2.23 million b/d a day...
BAGHDAD: Bad weather cut oil exports from Iraq’s Basra ports to 864,000 barrels per day (b/d) yesterday from 2.23 million b/d a day...
DUBAI: Saudi Arabia produced 9.6 million barrels per day (b/d) of oil in May, up from 9.3m b/d in April, an industry source...
HAMBURG/LONDON: Iran’s state grains buyer GTC swept back into international markets, picking up more than half a million tonnes of wheat to shore...
Workers at the Portland labour camp in an industrial area on the outskirts of Sharjah. Gulf nations have relied heavily on the supply...
DUBAI: Volatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance...
An investor walks past electronic boards displaying stock information at the ADX Abu Dhabi Securities Exchange. DUBAI: Investors are betting that the United...
DUBAI: Arabtec Holding expects a series of recent contract wins to boost its 2013 earnings and the Dubai contractor is targeting a dividend...
DUBAI: Zain Saudi, the kingdom’s third-largest telecom operator, has signed a SR2.25bn ($600m) Islamic loan guaranteed by its parent company. The three-year murabaha...
DUBAI: Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1 percent to $4.8 trillion in...
DUBAI: Egypt’s bourse dropped to a five-week low yesterday, making its biggest one-day loss in two months on increasing fears of political instability,...
DUBAI: The Iraqi unit of Kuwaiti telecoms company Zain launched subscriptions for a long-delayed public share offering yesterday, fulfilling a pledge made in...
ABU DHABI: The United Arab Emirates is merging its two flagship state aluminium firms to create the world’s fifth largest aluminium company with...
BAGHDAD: Iraq is in talks with foreign energy firms to lower long-term oil production targets agreed several years ago because of sagging global...
DUBAI: Saudi Arabia’s No.2 mobile company Etihad Etisalat (Mobily) is in talks to buy a stake in loss-making fixed-line operator Etihad Atheeb, according...
DUBAI: State-owned Islamic Bank of Thailand plans to increase its capital by 7.11bn baht ($234.9m) and issue a 5bn baht sukuk, the country’s...
MANAMA: Growth in cross-border Islamic bond issues points to greater convergence in an industry that has been divided by tensions between the Middle...
DUBAI: Dubai mall developer Majid Al Futtaim (MAF), has delayed plans to raise at least $500m from a hybrid bond sale to fund...
DUBAI: Bahrain’s budget deficit widened sevenfold in 2012 to 227m dinars ($601m), but stayed well below an initial plan as the country reined...
