LONDON/NEW YORK: The $35bn merger of US-based Omnicom and France’s Publicis collapsed yesterday after a battle for control destroyed plans to create the...
LONDON/NEW YORK: The $35bn merger of US-based Omnicom and France’s Publicis collapsed yesterday after a battle for control destroyed plans to create the...
ISTANBUL: Turkish Airlines posted a much deeper first quarter loss than expected yesterday despite rising sales, as it battles tough competition from low-cost...
Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum arrives for a conference to announce the results of the Group in Dubai yesterday. DUBAI:...
KHOBAR: Saudi Arabia produced 9.66 million barrels per day (m b/d) of crude oil in April, up from 9.566m b/d in March, an...
KUWAIT CITY: The energy-rich Gulf states agreed yesterday to resolve hurdles obstructing implementation of a long-delayed customs union, particularly revenue sharing, Kuwait’s finance...
DUBAI: Bourses in the United Arab Emirates, Qatar and Egypt pulled back yesterday as investors booked profits after solid gains and a strong...
CAIRO: Egypt’s economy will grow 2.1 percent this fiscal year, the lower end of the government’s targeted range, according to economists polled, who...
Doha: Initial Public Offerings (IPO) in the Gulf Cooperation Council countries (GCC) showed improvement in terms of offering value as total proceeds raised...
DUBAI: The International Monetary Fund called yesterday on Dubai to take “stronger measures” to avert another property bubble, after prices rocketed at a...
Kaloti Precious Metals CEO Tarek El-Mdaka (right) and President Munir Al Kaloti at their office in Dubai. DUBAI: In the desert on the...
DUBAI: Etisalat, which is set to buy a majority stake in Maroc Telecom, has agreed to sell its West African business to the...
ANKARA: Turkish inflation rose more than expected in April, staying stubbornly above the central bank’s forecast for the end of the year and...
BAGHDAD: Iraq’s Cabinet announced yesterday it has authorised mobile phone firms to use third-generation frequencies, after years of promises amid the frustrated pleas...
CAIRO: The Egyptian pound hit a 10-month low yesterday as the central bank let the local currency weaken further, while a persistent dollar...
Muscat: H E Jassim Seif Ahmed Al Sulaiti, the Minister of Transport and Chairman of the Board of Directors of Qatar Transport Company...
DUBAI: Oman’s economic growth plunged to 2.8 percent in nominal terms in 2013, its slowest pace of expansion since 2009, as output in...
Maayankutty C, Director, Malabar Group, inaugurating Malabar Gold & Diamonds’ renovated and expanded outlet at Lulu Hypermarket, Al Nahda, Sharjah in the presence...
DUBAI: The Chief Executive of Dubai Islamic Bank (DIB) said yesterday it was in talks to buy a 40 percent stake in an...
