DUBAI: Total US dollar-denominated bond issues from the six Gulf Cooperation Council (GCC) countries are expected to hit $37bn in 2013, dominated by...
DUBAI: Total US dollar-denominated bond issues from the six Gulf Cooperation Council (GCC) countries are expected to hit $37bn in 2013, dominated by...
CAIRO: Egypt said its economy will grow by 3.8 percent in the fiscal year starting in July as ministers outlined the 2013/14 budget...
DUBAI: Fuel made from Iranian oil is legally powering thousands of flights a year out of Dubai’s booming airport, despite US pressure on...
DUBAI: HSBC Holdings is reviewing its operations in Iraq while continuing to invest in Egypt despite a challenging near-term environment there, the bank’s...
Visitors at the 18th International Oil, Gas, Refining and Petrochemical Exhibition in Tehran yesterday.
DUBAI: Across much of the Middle East, economic growth is strong and financial markets are picking up. But there is surprisingly little cheer...
ISTANBUL: Turkish national flag-carrier Turkish Airlines (THY) signed yesterday a gigantic deal for up to 117 planes with European manufacturer Airbus in a...
CAIRO: EFG-Hermes, the Middle East’s largest investment bank, said yesterday that it had not received notification from Egypt’s financial regulator of clearance for...
CAIRO: Egypt’s jobless rate rose to 12.7 percent in 2012 from 12 percent in 2011 and nine percent in 2010, due to the...
MUSCAT: Oman is committed to building, and paying for, a huge facility to store up to 200 million barrels of crude oil at...
KHOBAR: Saudi Aramco has started pumping oil from its giant Manifa field in the Gulf, allowing the world’s biggest oil exporter to relax...
DUBAI: Khaled Eldabag, a senior investment banker at Goldman Sachs Group Inc who handled some of the Wall Street firm’s biggest clients in...
CAIRO: Egypt is stalling on the terms of a $4.8bn International Monetary Fund loan to help it fight a deepening economic crisis, and...
DUBAI: Dubai Islamic Bank (DIB), the largest Shariah-compliant lender in the emirate, said yesterday that its first-quarter net profit climbed 17 percent, after...
DUBAI: Another 40,000 new homes will enter Dubai’s property market over the next two years as developers revive projects stalled after the collapse...
DUBAI/DOHA: Gulf Arab Opec oil producers do not see the need to change production levels to support crude prices, Opec delegates said after...
ALGIERS: Unemployment in Arab countries rose to 16 percent in 2012 following the revolts which erupted the previous year, Arab Labour Organisation chief...
CAIRO: Egypt’s central bank sold $600m to banks in a special auction of foreign exchange yesterday to pay for wheat, meat, cooking oil...
