DUBAI: Saudi Arabia has sharpened its edge in oil trading by leasing oil storage in Fujairah, allowing the producer’s new trading arm greater...
DUBAI: Saudi Arabia has sharpened its edge in oil trading by leasing oil storage in Fujairah, allowing the producer’s new trading arm greater...
DUBAI: The deputy chief executive of Kuwait's top telecom operator Zain has resigned, the company said in a statement to the local bourse. ...
DUBAI: Dubai Islamic Bank (DIB) plans to boost its capital through the sale of a shariah-compliant debt instrument, which would become only the...
Khalid Al Falih, President and CEO of Saudi Aramco, speaks at the CERAWEEK conference in Houston, yesterday. HOUSTON: Saudi Aramco Chief Executive Khalid...
DUBAI: Saudi tycoon Prince Alwalid bin Talal has severed his ties with Forbes magazine’s annual billionaires’ list, which he accused of undervaluing his...
MANAMA: Bahrain’s central bank will require local lenders it sees as key to the stability of the Gulf country’s banking system to take...
DUBAI: Dana Gas has increased its gas production in Egypt by about 10 percent with the start up of operations at two new...
DUBAI: Dubai will host a new asset management firm specialising in awqaf (Islamic endowments), as the emirate seeks to become a global centre...
ABU DHABI: Shareholders of Abu Dhabi’s Aldar Properties have approved the developer’s plans to merge with rival Sorouh Real Estate at a meeting...
DUBAI: Bahrain’s loss-making flag carrier Gulf Air, struggling against competition from other regional carriers, has embarked on a sweeping restructuring plan that has...
DUBAI: Dubai builder Arabtec, which underwent a major management shakeup last week, said it will rely on the reputation of its biggest shareholder...
Saudi Central Bank Governor Fahad Al Mubarak addresses the news conference in Riyadh, yesterday. RIYADH: Inflation in Saudi Arabia is running at acceptable...
MUSCAT: A top Omani oil official yesterday said the sultanate aims to increase oil production to 939,500 barrels per day (bpd) this year...
Dubai: Prominent businessman and Managing Director of Emke-Lulu Group and Director of Abu Dhabi Chamber Yusuffali MA yesterday welcomed the Indian budget as...
DUBAI: Property speculators are back in Dubai, aiming to make their fortunes by buying apartments and villas for cash, then selling them within...
Iran’s Supreme Leader Ayatollah Ali Khamenei talking to Pakistani President Asif Ali Zardari (centre), as Iranian President Mahmoud Ahmadinejad looks on in Tehran,...
CAIRO: Egypt will reopen talks with the IMF next month on a $4.8bn loan, a minister said yesterday, and the government laid out...
DUBAI/LONDON: Etisalat, the United Arab Emirates’ (UAE) biggest telecoms operator, has lined up advisers for its bid for Vivendi’s 53 percent stake in...
