KUWAIT: Kuwait’s parliament is likely to approve a law to extend the country’s borrowing limits, enabling 30-year debt issues, a senior finance ministry...
KUWAIT: Kuwait’s parliament is likely to approve a law to extend the country’s borrowing limits, enabling 30-year debt issues, a senior finance ministry...
Beirut: Lebanon still aims to increase taxes to finance a public sector pay rise, a senior official said yesterday , after the plan...
Paris: Turkish Airlines (THY) has begun talks with Airbus to buy up to 40 A350 jetliners worth $12.4 bn at list prices, hours...
VIENNA: Oberbank on Thursday said it had signed a deal with Iran, enabling it to finance new ventures there and making it one...
DUBAI/ABU DHABI: Three banks are blocking a deal aimed at resolving the close to 500 million dirhams ($136.1 million) debt troubles of Dubai-based...
Ankara: The Turkish government is in talks with business leaders about boosting industry, an adviser to President Tayyip Erdogan said, as it prioritises...
Dubai: Holders of about $700m of Islamic bonds issued by Abu Dhabi-listed Dana Gas have submitted a proposal to restructure the sukuk to...
CAIRO: Egypt will sieve two cargoes of French and Romanian wheat halted for poppy seeds before deciding whether to allow their entry, Agriculture...
ANKARA: Turkey’s economy expanded 5.1 percent year-on-year in the second quarter, data showed on Monday, and ministers predicted growth would gain further momentum...
Dubai: State-backed Abu Dhabi Investment Council is weighing the sale of its nearly 24 percent stake in Abu Dhabi National Insurance Co (ADNIC),...
Ankara: President Tayyip Erdogan said yesterday Turkey would reorganise its $40 bn sovereign wealth fund after dismissing the organisation’s chairman over its failure...
Jakarta: The Middle Eastern retail major, Lulu Group opened its second hypermarket at BSD City, Tangerang, Indonesia yesterday. Located at the QBig, the...
Siemens Postal, Parcel & Airport Logistics (SPPAL) has received a major order to implement a cutting-edge cloud-based software platform for dnata’s cargo operations...
Hanoi: Vietnam and Egypt agreed Wednesday to nearly triple trade to $1 billion including with ship-building and IT contracts, as Egypt seeks to...
Paris: French oil giant Total said Monday it has agreed to sell its remaining stake in a Norwegian oil field to Kuwait so...
Dubai: Two major Abu Dhabi real estate developers, Eshraq Properties and Reem Investments, said yesterday they aimed to merge as an economic slowdown...
BEIRUT: Lebanon has begun reforms to repair its fragile economy after years of paralysis in decision-making but is under pressure to do more...
Tripoli: Oil production has been suspended for several days at three oil fields in Libya after an armed militia shut off pipelines, the...
