Business / Middle East Business

Istanbul exchange shuts for first time in 24 years 08 Feb 2023 - 08:20 pm

Istanbul: The Istanbul stock exchange announced on Wednesday that it would close for five days in response to this week's deadly earthquake, the...

Jazeera plans to fly on more routes as it posts record profit 07 Feb 2023 - 05:29 pm

Kuwait’s Jazeera Airways plans to start flying on more routes this year as higher demand for travel helped the low-cost carrier post record...

Muscat stock closes higher 07 Feb 2023 - 10:06 am

Muscat: Muscat Stock Exchange (MSX) index 30 closed yesterday at 4,754.44 points, up by 13.5 points, or 0.28 percent, compared to last trading...

Turkish Airlines and Indigo inks leasing agreement 03 Feb 2023 - 11:46 am

Doha: As part of the commercial agreement between Turkish Airlines and IndiGo Airlines, the first flight on Delhi-Istanbul route has been operated on...

Flynas opens first office in Doha 02 Feb 2023 - 02:04 pm

Doha: The Saudi low-cost carrier Flynas opened its first office in Qatar, becoming the first budget airline linking the two brotherly countries. Flynas...

Major UAE solar plant to go online before COP summit: energy firm 31 Jan 2023 - 06:58 pm

Abu Dhabi: One of the world's biggest solar plants will become fully operational this year in the oil-rich United Arab Emirates, months before...

Libya NOC says to sign $8 bn gas deal with ENI 25 Jan 2023 - 10:31 pm

Tripoli: Libya's National Oil Corporation said on Wednesday it had reached an $8-billion deal with Italian energy giant ENI to develop offshore hydrocarbon...

Saudi low-cost carrier Flynas eyes expansion with overseas units 15 Jan 2023 - 07:43 pm

Saudi Arabia-based carrier Flynas said its board approved establishing local units in two more countries as part of a plan to become the...

Crisis-hit Egypt's currency halved in value since March 11 Jan 2023 - 05:47 pm

Cairo: The Egyptian pound was trading Wednesday at half its value from March after the central bank intervened for a third time as...

Dubai announces plan to 'double' economy in next decade 04 Jan 2023 - 05:50 pm

Dubai: Dubai announced on Wednesday a bold plan aiming to boost foreign trade and investment in the United Arab Emirates' financial hub and...

Iran replaces central bank chief as rial hits record low 29 Dec 2022 - 07:54 pm

Tehran: Sanctions-hit Iran replaced the head of the central bank on Thursday, state media reported, as the value of the local currency plunged...

Gold price soars in Egypt as local currency falls 27 Dec 2022 - 05:23 pm

CAIRO: The price of gold in Egypt has risen to unprecedented highs as nervous savers seek refuge from a weakening currency and some...

Lebanese banks battered by meltdown struggle to survive 24 Dec 2022 - 02:38 pm

BEIRUT:Lebanon’s once burgeoning banking sector has been hard hit by the country’s historic economic meltdown. It has suffered staggering losses worth tens of...

Aramco, Total to build $11 billion Saudi petrochemical project 15 Dec 2022 - 05:54 pm

Saudi Aramco and TotalEnergies SE took a final investment decision on an $11 billion petrochemical project in Saudi Arabia, betting that demand for...

Sudan inks $6 billion UAE deal for new Red Sea port 13 Dec 2022 - 07:49 pm

Khartoum: Sudan signed on Tuesday an initial $6 billion deal led by United Arab Emirates' AD Ports Group and Invictus Investment to build...

Saudi’s MCIT inks MoU with Huawei to boost digital economy 13 Dec 2022 - 10:02 am

Doha: The Saudi Ministry of Communications and Information Technology (MCIT) and Huawei signed a memorandum of understanding to enhance cooperation in the field...