Business / Middle East Business

Arabian MEP wins Infrastructure Project award 30 Sep 2014 - 12:57 am

Doha: Arabian MEP, a Grade – A Qatari Engineering Services Contractor, has been announced as the winner of ‘Infrastructure Project of the Year...

GCCIA joins GO-15 power grid 30 Sep 2014 - 12:39 am

DOHA: The GCC Interconnection Authority (GCCIA) yesterday officially announced that it had joined the GO-15 Reliable and Sustainable Power Grids, which represents 80...

Gulf Air to begin flight between Kuwait & Larnaca 30 Sep 2014 - 12:38 am

Doha: Following its recent commencement of direct services between Kuwait City and Istanbul, Gulf Air, the national carrier of the Kingdom of Bahrain,...

Dana Gas wins Egypt gas exploration deals 30 Sep 2014 - 12:37 am

DUBAI: United Arab Emirates energy firm Dana Gas said yesterday that it had been awarded exploration deals for two onshore gas blocks in...

Jordan eyeing 3.3pc growth this year: IMF 30 Sep 2014 - 12:27 am

AMMAN: Jordan’s economy is resilient despite regional tensions in Syria and Iraq and violence in Gaza, with growth of over 3 percent projected...

Egypt to invest $14.5bn in petrochemicals, refining 29 Sep 2014 - 01:19 am

CAIRO: Egypt plans to invest $14.5bn in developing its refining and petrochemicals sectors over the next five years, its oil minister said, as...

Kuwait budget surplus up in last fiscal as spending slows 29 Sep 2014 - 01:01 am

DUBAI: Kuwait’s budget surplus edged up to KD12.9bn ($44.8bn) in the fiscal year to last March as government spending fell, largely because of...

Arabtec’s plan for $40bn Egypt housing scheme nearly completed 28 Sep 2014 - 11:52 pm

DUBAI: Dubai construction company Arabtec is close to completing the planning and design stage of its $40bn deal to build one million homes...

Egypt current account deficit down to $2.4bn 26 Sep 2014 - 08:16 am

CAIRO: Egypt’s current account deficit shrank to $2.4bn in the 2013-14 fiscal year from $6.4bn the previous year, boosted by billions of dollars...

Saudi likely to keep oil output steady 26 Sep 2014 - 08:13 am

DUBAI: Saudi Arabia is likely to keep its oil output steady throughout the rest of the year as world oil consumption is expected...

Gulf Air wins award 25 Sep 2014 - 08:25 am

Gulf Air, the national carrier of the Kingdom of Bahrain, was recently honoured at this year’s Airline Passenger Experience Association (APEX) Passenger Choice...

Canon to create new firm with Salam Technology 24 Sep 2014 - 07:35 am

Anurag Agrawal (left), Managing Director of Canon Middle East, with Mahmoud El Deeb, Managing Director, Salam Technology. Doha: Canon Middle East announced the...

Gulf Air signs MoU with Tamkeen for job training 24 Sep 2014 - 07:34 am

Officials after signing the memorandum of understanding. Doha: Gulf Air, the national carrier of the Kingdom of Bahrain, and Tamkeen signed a Memorandum...

UAE in no rush to change Opec target 24 Sep 2014 - 07:26 am

ABU DHABI/FUJAIRAH: The United Arab Emirates is in no hurry to see Opec cut its oil output target this year despite the sharp...

GCC power grid prevents outages 23 Sep 2014 - 06:30 am

DOHA: Ever since its inception in 2009, the GCC power grid has helped prevent more than a thousand power outages in the region,...

Abu Dhabi bourse in talks over four potential IPOs 23 Sep 2014 - 12:27 am

DUBAI: Abu Dhabi Securities Exchange (ADX) is in discussions with four companies about listing on the index, with two potentially taking place before...

Dubai property prices show signs of cooling 22 Sep 2014 - 08:19 am

DUBAI: Dubai’s booming property market is showing signs that it may be cooling off, industry data showed yesterday, after two years of soaring...

Etihad Airways on track to raise $2bn in loans this year 19 Sep 2014 - 04:16 am

ABU DHABI: Abu Dhabi’s Etihad Airways is on track to raise about $2bn in loans this year to fund its equity investments around...