Business / Middle East Business

Gulf Air’s FalconFlyer and Europcar in deal 04 May 2016 - 02:07 am

Gulf Air and Europcar officials signing the agreement. Manama: Gulf Air, the Kingdom of Bahrain’s national carrier, yesterday announced a partnership between the...

Saudi labour minister: Binladin crisis to be resolved 03 May 2016 - 11:58 am

RIYADH: The crisis surrounding major Saudi Arabian construction company Saudi Binladin Group, which has been struggling to pay its workers, will be resolved,...

Saudi Binladin Group says it paid dismissed workers amid protest 03 May 2016 - 12:00 am

Buses, which witnesses said were burnt by workers from construction company Saudi Binladin Group in a protest over delayed wages, are seen in...

Iran and South Korea set to triple trade to $18 bn 03 May 2016 - 12:00 am

A handout picture provided by the official website of The Center for Preserving and Publishing the Works of Iran's supreme leader, Ayatollah Ali...

Saudi Arabia’s SAGO buys 620,000 tonnes hard wheat 02 May 2016 - 10:10 am

ABU DHABI: Saudi Arabia’s state grain buyer bought 620,000 tonnes of hard wheat in a tender, it said on Monday. The wheat purchased...

Oman cuts benefits for state agency employees 01 May 2016 - 02:34 pm

DUBAI: Oman is cutting benefits for employees of state agencies as part of an austerity drive designed to curb a big budget deficit...

Oman’s Sohar Power says capacity cut by technical problem 01 May 2016 - 02:18 pm

DUBAI: Sohar Power Co, which operates the largest electricity generation and water desalination plant in Oman, said on Sunday that a technical problem...

MEC MENA wins Agency of the Year at the Festival of Media 30 Apr 2016 - 05:07 pm

MEC MENA was named Media Agency of the Year at the Festival of Media awards in Dubai. The awards celebrate the very best...

Trading company in oil shipment for Libya’s eastern NOC says cargo legitimate 28 Apr 2016 - 12:00 am

The building housing Libyan state oil energy firm the National Oil Corporation NOC is seen in Tripoli February 22, 2016. Reuters / Ismail...

Blom Bank says 2016 first quarter net profit rises 18.7 percent 27 Apr 2016 - 04:24 pm

BEIRUT: Lebanon's Blom Bank said on Thursday its net profit for the first quarter of 2016 rose by 18.7 percent to $108.23 million,...

UAE's First Gulf Bank Q1 net profit falls 6 pct on lower fee income 27 Apr 2016 - 03:59 pm

DUBAI: First Gulf Bank on Wednesday posted a 6 percent fall in first-quarter net profit as income from fees and commission slipped. The...

Cengiz in talks with Russia's Rosatom to buy nuclear plant stake 27 Apr 2016 - 02:02 pm

ANKARA: Turkish construction firm Cengiz is in talks about buying up to 49 percent of the $20 billion Akkuyu nuclear power plant being...

Etihad Airways 2015 profit hits $103 mn 27 Apr 2016 - 01:55 pm

Abu Dhabi: Etihad Airways said on Wednesday its net profit for 2015 surged 41 percent to $103 million on the back of rising...

Saudi Aramco appoints new vice presidents 27 Apr 2016 - 11:34 am

KHOBAR, Saudi Arabia: Saudi Aramco made new appointments to its executive ranks at its board meeting last week in Japan, while reappointing president...

Etisalat sees 8% profit drop in Q1 26 Apr 2016 - 03:22 pm

Abu Dhabi: UAE telecom giant Etisalat said Tuesday that its net profit dropped by eight percent to two billion dirhams ($545 million) in...

Dubai airport passenger traffic rises 7.4 pct y/y in March 26 Apr 2016 - 02:22 pm

DUBAI: Passenger numbers at Dubai International Airport, the world's busiest airport for international travel, rose 7.4 percent in March from a year earlier...

Gulf Air to launch direct flights to Dhaka from May 30 26 Apr 2016 - 02:58 am

Doha: Gulf Air yesterday announced its planned return to Dhaka, Bangladesh from May 30. The airline will soon launch direct flights between Bahrain...