Business / Middle East Business

Moody’s places Kuwait’s Aa2 rating under review 06 Mar 2016 - 01:55 am

The Peninsula DOHA: Moody’s Investors Service has placed Kuwait’s Aa2 long-term issuer rating on review for downgrade. During the review, Moody’s will assess...

Iran says European banks reluctant to resume transactions 06 Mar 2016 - 12:00 am

Iranians withdraw money from an ATM machine at a Bank Sepah in the capital Tehran on January 19, 2016. AFP, Atta Kenare By...

Iran and Turkey aim to triple trade to $30 billion 05 Mar 2016 - 01:36 pm

A handout picture provided by the office of Iranian President Hassan Rouhani on March 5, 2016 shows Iran's first vice president, Eshaq Jahangiri...

Moody's lowers Bahrain to junk, cuts outlooks for four Gulf states 05 Mar 2016 - 11:00 am

A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. (Reuters / Mike Segar) DUBAI:...

Egypt says reaches agreement over foreign airline payments 03 Mar 2016 - 05:51 pm

CAIRO: Egypt's civil aviation ministry said on Thursday it had reached an agreement with the central bank over paying foreign airlines who have...

Iran hopes to raise March oil exports on higher European sales: sources 03 Mar 2016 - 05:41 pm

Iran's Oil Minister Bijan Zanganeh attends an extraordinary ministerial meeting of the Gas Exporting Countries Forum (GECF) in Tehran November 21, 2015. REUTERS/RAHEB...

Digital transformation in Saudi Arabia to generate $100 trillion by 2025 03 Mar 2016 - 08:42 am

Khaled H. Biyari, CEO of Saudi Telecom Company (STC) Riyadh: Speaking at the Jeddah Economic Forum 2016, CEO of Saudi Telecom Company (STC)...

UAE’s Mubadala open to selling SR Technics: Executive 02 Mar 2016 - 03:06 pm

By Stanley Carvalho ABU DHABI: Abu Dhabi state-owned fund Mubadala is open to selling its aviation services unit SR Technics, an executive at...

Bureaucrat and old fungus law hold Egypt's wheat supplies hostage 02 Mar 2016 - 02:52 pm

File photo of Rida Ibrahim, a 62-year-old Egyptian farmer, harvesting wheat on his farm, in Qalubiyah, North Cairo, Egypt. AP /Hassan Ammar By...

Japan’s Marubeni may build coal power plant in Egypt 02 Mar 2016 - 02:16 pm

A logo of Japanese trading house Marubeni Corp is pictured outside the company headquarters in Tokyo May 29, 2012. REUTERS/ YURIKO NAKAO TOKYO:...

UAE's Network International agrees to buy Emerging Markets Payments Group 02 Mar 2016 - 02:09 pm

By Tom Arnold DUBAI: Dubai-based Network International has agreed to buy rival Emerging Markets Payments (EMP) from private equity firm Actis in a...

Dubai says it will build world's biggest wholesale hub 01 Mar 2016 - 06:55 pm

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, at the launch of...

Arab government debt rises sharply in 2015: S&P 01 Mar 2016 - 04:28 pm

Dubai: Borrowing by leading Arab governments has more than doubled last year and is forecast to remain high in 2016, Standard and Poor's...

UAE says everyone should move towards freezing oil production 01 Mar 2016 - 02:51 pm

File photo of UAE energy minister Suhail bin Mohammed al-Mazrouei. DUBAI: Oil producers should freeze production if they cannot agree on a cut...

Rouhani says Iran's car industry must be privatised: State TV 01 Mar 2016 - 10:10 am

Iranian President Hassan Rouhani waves after casting his vote during Iran elections 2016, in Tehran in this February 26, 2016 file photo. REUTERS/President.ir/Handout ...

Saudi central bank plans government-backed mortgage scheme 28 Feb 2016 - 04:13 pm

(File photo / Reuters) RIYADH: Saudi Arabia's central bank plans to launch an "affordable mortgage" programme to finance residential real estate purchases by...