CAIRO: A rising budget deficit, falling foreign exchange reserves and a sliding currency are adding to the woes of Egypt’s fragile government even...
CAIRO: A rising budget deficit, falling foreign exchange reserves and a sliding currency are adding to the woes of Egypt’s fragile government even...
ABU DHABI: Commercial banks in the UAE plan to ask the central bank to delay and soften new rules placing caps on mortgage...
Libya’s Oil and Gas Minister Abdul Bari Laroussi (centre left) with Turkish Energy and Natural Resources Minister Taner Yildiz (right), in Tripoli yesterday....
Abu Dhabi: The UAE Minister of Energy has said that oil prices are reflecting fundamentals of demand and supply and the current prices...
Riyadh: Economists in Saudi Arabia have estimated the kingdom’s revenues from Haj and Umrah services in 2012 at more than SR62bn ($16.5bn), 10...
CAIRO/LONDON: Egypt dipped deeper into its rapidly shrinking currency reserves yesterday, fighting to slow a sliding pound which is likely to push up...
ANKARA: Turkey tied up a giant agreement with the UAE yesterday for the development of coal fields in southern Turkey to generate electricity...
DUBAI: Egypt’s stock market rose to a nine-week high yesterday as investors continued to bet that authorities would succeed in managing depreciation of...
CAIRO: The Egyptian pound fell to record lows and debt insurance costs soared yesterday despite assurances by the country’s Islamist leaders they would...
MUSCAT: Oman is banking on oil prices staying high this year to fund heavy spending on job creation and social welfare, according to...
Dubai: Damac Properties, the largest luxury private developer in the Middle East, is giving away luxury Audi’s with properties bought during the Dubai...
DUBAI: Emirates Airlines began operations yesterday from the world’s first concourse dedicated to Airbus’ A380 super jumbos at Dubai’s rapidly expanding airport. Concourse...
JEDDAH: Saudi Arabia’s PetroRabigh refining and petrochemicals complex will carry out maintenance for 20 days after a power cut on Saturday forced it...
A Lebanese man looks at a shop window in ‘Souqs’ shopping district in Beirut. BEIRUT: As civil war rages in neighbouring Syria and...
MUSCAT: Oman’s 2013 budget raised spending nearly 30 percent over its 2012 plan to 12.9bn rials ($33.5bn) yesterday as state boosts outlay on...
DUBAI: Dubai has released a 2013 budget plan that would raise spending moderately while cutting the size of its deficit by 18 percent,...
SANAA: Yemen’s main oil pipeline, damaged in repeated bombings by armed men, resumed pumping crude yeterday after repairs, sources at state-run Safer oil...
DUBAI: Last September, people lined up for hours in a square outside the headquarters of leading Dubai real estate developer Emaar Properties, waiting...
