ABU DHABI: The United Arab Emirates, a major financial hub in the Middle East, has revoked the licences of two money exchange companies...
ABU DHABI: The United Arab Emirates, a major financial hub in the Middle East, has revoked the licences of two money exchange companies...
TUNIS: Tunisia is struggling with rising inflation, a big external deficit and an uncertain political outlook. These obstacles did not deter local businessman...
ABU DHABI: Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, yesterday said first-quarter net profit tumbled 80 percent...
DUBAI: Favourable market conditions may prompt Dubai to issue another sovereign bond this year, a top official said yesterday, adding that the emirate...
RIYADH: Saudi Arabia should cut energy subsidies that are burdening public finances, the economy minister and the head of the state-run utility said,...
Kuwait: Dow Chemical Co has received $2.2bn in damages from Kuwait’s state chemicals company, bringing an end to a more than four-year dispute...
BAGHDAD/ARBIL: A lasting solution to Iraq’s dispute with its Kurdish north is unlikely even if recent talks between the two sides lead to...
ABU DHABI: Emirates Aluminium (Emal), a joint venture between Abu Dhabi investment fund Mubadala and Dubai Aluminium, is planning a further smelter expansion...
RIYADH: Saudi Arabia is finalising a regulatory framework which will allow foreigners to directly own stocks in the kingdom, though the market has...
LONDON: New car sales in Britain were nearly 15 percent higher in April than a year ago, according to the Society of Motor...
ABU DHABI: Abu Dhabi’s International Petroleum Investment Co (IPIC) said 2012 net profit surged on the back of better operational performance and a...
SYDNEY: Kuwait-based Asiya Investments has launched an Islamic trade finance fund with $20m in seed capital, aiming to cater to small Asian manufacturers....
Al KHOBAR: Saudi Arabia produced 9.3 million barrels per day (b/d) of oil in April, up from 9.14 million bpd in March, an...
DUBAI: The United Arab Emirates is drafting legislation to let small and medium-sized firms use machinery and other assets to back loans, in...
MANAMA: Oman is considering whether to issue a US dollar-denominated sovereign bond, its first international bond since 1997 and its second ever, to...
JERUSALEM: Israel’s cabinet yesterday approved a plan to raise the 2013 budget deficit target, allowing the government to delay the most painful planned...
DUBAI: The Dubai government said yesterday it has repaid in full $910m of maturing bonds, declaring it reflected a commitment of the indebted...
DUBAI: Dubai aims to treble its annual income from tourism to Dh300bn ($82bn) by 2020, which would involve doubling the number of its...
