Business / Middle East Business

Visitors walk near solar-powered vehicles on display at the World Future Energy Summit 2014 in Abu Dhabi. Abu Dhabi: The United Arab Emirates...

DUBAI: Iran has no plans to call for an emergency Opec meeting to discuss the falling price of oil but was talking to...

CAIRO: Egypt’s central bank let the pound weaken yesterday for the second day running, a move analysts said was aimed at stamping out...

  KUWAIT city: The depth of the oil price drop was unexpected, Kuwait’s oil minister said yesterday, repeating too that Opec had made the...

  ABU DHABI: Gulf countries including the United Arab Emirates and Saudi Arabia are formulating new legislation to curb fuel smuggling, the UAE energy...

DUBAI: Bahrain’s cabinet has decided to raise prices of natural gas sold to companies, official news agency BNA reported in a sign that...

DUBAI: The court administering Dubai World’s restructuring has set March 17 as the provisional date for creditors to vote on whether to back...

Employees of Cyprus Airways take part in a demonstration against the closing down of the airline outside the Financial Ministry in Nicosia yesterday....

Landmark Hall in Doha DOHA--Authorities in Qatar have ordered bottles of perfume pulled from the shelves of a lingerie store after the name...

Algiers: Algeria’s state-owned energy giant Sonatrach plans to invest at least $70bn over the next 20 years to exploit shale gas in the...

Kuwait City: Kuwait’s government yesterday announced plans to spend KD45.5bn ($155bn) on projects over the next five years despite the plunge in world...

CAIRO: Egypt will complete an agreement with Russia’s Gazprom for the company to supply it with liquefied natural gas (LNG) shipments later this...

CAIRO: Food and housing costs pushed up Egypt’s annual consumer price inflation in December, the official statistics agency CAMPAS said yesterday, dampening expectations...

Gulf Air’s Electronic Flight Bags received MEET ICT Excellence award for best mobile application. Gulf Air Director of Information Technology Dr Jassim Haji ...

DUBAI: Qatari Diar has transferred its shares in Al Khaliji Commercial Bank to Qatar Investment Authority (QIA), the property arm of Qatar’s sovereign...

British car sales to level off after hitting 10-year high LONDON: Britons bought nearly 2.5 million new cars last year, the most in...

MUSCAT: Oman has no specific plans to reduce state spending this year, its minister for financial affairs said yesterday, despite the plunge in...

DUBAI: Dubai Islamic Bank will reopen the Gulf bond market next week with a capital-boosting sukuk, the region’s first debt offering in two...