Muscat: Oman has seen the birth of its first Islamic insurance (takaful) firm as two others prepare to enter the market, hoping to...
Muscat: Oman has seen the birth of its first Islamic insurance (takaful) firm as two others prepare to enter the market, hoping to...
ANKARA: Turkey’s currency sank to new record lows yesterday, pummelled by continuing political problems for the government of Prime Minister Recep Tayyip Erdogan....
A female security officer looks at an automatic machine gun made by Caracal, a United Arab Emirates weapon manufacturing company, displayed at the...
DUBAI: Dubai district cooling firm Empower bought Palm Utilities from a unit of Dubai World for $500m yesterday, part of a shuffle of...
RIYADH: Saudi Arabia, an Organisation of Petroleum Exporting Countries kingpin, is unconcerned by the US shale oil boom, Oil Minister Ali bin Ibrahim...
DUBAI: Dubai’s Nakheel reported a 27.2 percent rise in full-year profit yesterday as the property developer benefitted from the emirate’s resurgent real estate...
BAGHDAD: Iraq cannot finance its projected 2014 budget deficit unless the northern Kurdistan region pays its oil export revenue into the national treasury...
DUBAI: Saudi Arabia’s Almarai, the Gulf’s biggest dairy company, reported a marginal rise in fourth-quarter net profit yesterday, in line with analyst forecasts,...
ALGIERS: Algeria plans to double natural gas production and hike oil output by 50 percent within 10 years helped by major exploration success...
DUBAI: Masraf Al Rayan, Qatar’s largest Shariah-compliant bank by market value, said yesterday that it had completed its acquisition of Islamic Bank of...
DUBAI: Dubai Group has signed a $10bn debt restructuring deal, two sources with knowledge of the matter told Reuters, marking the end of...
DUBAI: Mena IPO activity is expected to remain on firm footing in 2014 following a strong uptick in listings in the last quarter...
NEW DELHI: Abu Dhabi has received strong interest from international firms for participating in its largest oilfields, the UAE oil minister said, as...
BAGHDAD: Iraq Prime Minister Nouri Al Maliki threatened yesterday to cut Kurdistan’s share of the federal budget if the autonomous region exports oil...
RIYADH: Saudi British Bank (SABB), Saudi Arabia’s fourth-largest listed bank, said its fourth-quarter net profit rose 20 percent over the same period of...
LONDON/ANKARA: Iran and Russia are negotiating an oil-for-goods swap worth $1.5bn a month that would let Iran lift oil exports substantially, in defiance...
ISTANBUL: Turkish Prime Minister Recep Tayyip Erdogan’s public feud with judiciary and police force over a corruption scandal shaking his government continued to...
TUNIS: Tunisia’s government, under pressure from protests over public spending cuts, said yesterday it had done enough to persuade the IMF to approve...
