Saudi Arabian billionaire Prince Alwaleed Bin Talal raised the possibility that the kingdom may depeg its currency as the country undergoes unprecedented social,...
Saudi Arabian billionaire Prince Alwaleed Bin Talal raised the possibility that the kingdom may depeg its currency as the country undergoes unprecedented social,...
The Middle East region’s power generation capacity is expected to grow by 66 percent by 2030, Siemens’ energy outlook released yesterday noted. Siemens’...
PARIS: Algeria's state grains agency OAIC bought 580,000 tonnes of optional-origin milling wheat in a tender that closed on Tuesday, European traders said...
MARRAKESH, Morocco: The World Bank will provide the second $1 billion tranche of its $3 billion budget support to Egypt by early January,...
ISLAMABAD: Turkey’s ambassador in Pakistan told Anadolu Agency on Tuesday that a free trade agreement between Turkey and Pakistan will be ready to...
CAIRO: The Egyptian pound strengthened slightly on Monday and importers reported increased dollar liquidity at banks days after the International Monetary Fund (IMF)...
RIYADH: Saudi Arabia’s central bank is succeeding in wrestling down market interest rates and expects to see further declines as it fights a...
ISTANBUL: Turkish food producer Yildiz Holding on Monday said its conscience was “clear” and its businesses “clean”, after reports suggesting it was the...
DUBAI: Egypt's stock market edged down in early trade on Monday as traders booked profits in blue chips after 12 straight days of...
CAIRO: Egypt’s $12 billion three-year IMF loan programme will be repaid in 10 years with a 4.5-year grace period, with the reforms agreed...
DUBAI: GEMS Education, a Dubai-headquartered international education company, is raising $500 million through a loan facility, banking sources familiar with the transaction said...
DUBAI: Gulf executives who were upset by Donald Trump's campaign trail comments about Muslims took a conciliatory tone following his election victory and...
Washington: The International Monetary Fund on Friday approved a three-year, $12 billion loan for Egypt to help the country recover from its economic...
Riyadh: Saudi Arabia is working to pay billions of dollars owed to private firms after oil revenues collapsed, the kingdom's new finance minister...
CAIRO: Egypt will likely receive the first tranche of a $12-billion loan from the International Monetary Fund -- $2.75 billion -- next week,...
MOSCOW: Abu Dhabi state investment vehicle Mubadala Development Co may invest in a vegetable oil producer and a rice producer in Russia, a...
DUBAI: Emirates reported a 75 percent fall in first-half net profit from its airline operations as Dubai's flagship airline was buffeted by a...
Cairo: IMF chief Christine Lagarde said Tuesday she will recommend the institution approve a $12 billion loan for Egypt when the board meets...