Business / Middle East Business

Orpic awards two deals for plastics complex 27 Mar 2014 - 07:59 am

MUSCAT: State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) said it had awarded two contracts for construction of a $3.6bn plastics production...

Egypt mulls trade zone with Russia 27 Mar 2014 - 07:40 am

MOSCOW: Egypt has resumed talks about the creation of a free trade zone with the customs union of Russia, Belarus and Kazakhstan, Egyptian...

Amlak suspension to be lifted 25 Mar 2014 - 09:03 am

ABU DHABI: The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year,...

Emirates Reit sets IPO range 24 Mar 2014 - 10:37 am

DUBAI: Dubai-based real estate investment trust Emirates Reit said yesterday that it set the price range for its initial public offer of shares...

Emirates Reit sets IPO range 24 Mar 2014 - 10:36 am

DUBAI: Dubai-based real estate investment trust Emirates Reit said yesterday that it set the price range for its initial public offer of shares...

DP World’s annual revenue, volumes fall 20 Mar 2014 - 10:41 pm

DUBAI: Dubai-owned port operator DP World said domestic capacity constraints and tough market conditions were to blame after it reported declines in annual...

Kuwait may delay company rules 20 Mar 2014 - 10:39 pm

KUWAIT: Kuwait’s market watchdog may extend a year-end deadline for listed companies to comply with new corporate governance rules if it finds there...

Oman to privatise more firms 20 Mar 2014 - 10:36 pm

MUSCAT: Oman is likely to privatise one more state company this year, after offering a minority stake in telecommunications operator Omantel, Minister for...

Innovation key for chemicals industry in GCC 20 Mar 2014 - 08:54 am

Doha: Mohammed Al Mady, Chairman of Gulf Petrochemicals and Chemicals Association (GPCA) and Vice President and CEO, SABIC, highlighted the importance of innovation...

Emaar plans Dubai, London listing for unit 19 Mar 2014 - 11:24 am

DUBAI: Dubai’s Emaar Properties plans to list its shopping malls and retail unit in both Dubai and London, the company’s chairman Mohamed Alabbar...

Agency 222 wins big at Lynx Awards 18 Mar 2014 - 08:06 am

Doha: Celebrating the best of creative advertising, marketing and design in the Mena (Middle East and North Africa) region, Agency 222 won five...

Emaar’s retail unit spin-off plan won’t affect rating, says S&P 18 Mar 2014 - 07:55 am

DUBAI: Standard & Poor’s plans no rating action relating to Dubai’s Emaar Properties after the emirate’s largest listed developer announced plans to spin...

Pak central bank blocks Meezan stake sale: Noor 18 Mar 2014 - 07:52 am

Kuwait City: Kuwait’s Noor Financial Investment Co said the proposed sale of its stake in Karachi-based Meezan Bank had been blocked by Pakistan’s...

Egypt’s GDP grows 1.2pc 18 Mar 2014 - 07:50 am

CAIRO: Egypt’s economy grew 1.2 percent in the first half of fiscal year 2013-14, the minister of planning said yesterday. Ashraf al-Arabi said...

16.36 million vehicles on GCC roads by 2017 17 Mar 2014 - 05:09 am

Dubai: Countries in the Gulf Cooperation Council are becoming increasingly attractive markets for the automobile industry, with vehicle sales expected to reach nearly...

Saudi Arabia’s GDP up 3.8pc: Central bank 17 Mar 2014 - 05:05 am

RIYADH: Saudi Arabia’s gross domestic product (GDP) grew by 3.8 percent in 2013, media yesterday quoted Saudi Arabian Monetary Authority (central bank) governor...

Abu Dhabi extends period of $20bn loans to Dubai 17 Mar 2014 - 05:05 am

DUBAI: Oil-rich Abu Dhabi and the UAE central bank agreed yesterday to roll over $20bn in loans to neighbouring debt-laden Dubai after it...

Dubai Islamic Bank eyes GCC, Africa, Indonesia for expansion 14 Mar 2014 - 06:36 am

DUBAI: Dubai Islamic Bank plans to expand its operations into Indonesia, Kenya and other African countries as it emerges from a period of...