Lulu Group in deal to build hotel in Great Scotland Yard

DOHA: The hypermarkets operator Lulu Group International has partnered with London develope...

Cargo ships cross New Suez Canal  in first test-run

Container ships and pilot boats sail on the waterway of the New Suez Canal in Ismailia yest...

Iran offers state assets to foreigners

Iranians gesture as they celebrate in the street following a nuclear deal with major powers...

Iran banking sector has room for JVs with foreign investors - deputy central bank governor

VIENNA: Iran's financial sector offers opportunities for cooperation between domestic b...

UAE to scrap fuel subsidies from August

  Dubai: Leading oil producer the United Arab Emirates will scrap subsidies on petr...

Most markets in Mideast rise

Traders work on the floor of the New York Stock Exchange shortly after the opening bell in ...

Iran to have access to over $100bn frozen assets once deal implemented

VIENNA: Iran would get access to more than $100 billion in frozen assets when the Iran nucl...

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PARIS/VIENNA: Western planemakers look set to reap billions of dollars in deals with Iran, if a...

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RIYADH: Saudi Arabia has issued its first sovereign bonds since 2007 to cover a budget deficit ...

Saudi Arabia to cut August medium, heavy crude oil prices

SINGAPORE:  Top oil exporter Saudi Arabia is expected to cut monthly prices for medium...

Hong Kong stocks open slightly lower

    Hong Kong---Hong Kong equities dipped in the first few minutes of trade...

Gulf Air honours staff for service, attendance

Staff and officials during the honouring ceremony. Manama: Gulf Air the national car...

Egypt stock market stays weak

  Cairo-- Egypt's bourse remained soft. The index slid 0.3 percent, with real e...

Turkish central bank says to keep policy cautious until inflation outlook improves

  ISTANBUL--- Turkey's central bank said on Tuesday it would keep its cautious ...

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DUBAI: Etisalat, the United Arab Emirates’ former telecoms monopoly, said yesterday restr...

Egypt looking into paying for Russian wheat in roubles

  CAIRO/MOSCOW-- Egypt, the world's largest wheat importer, is studying a propo...

Egypt agrees deal with BP for LNG supply

MILAN/CAIRO-- Egypt has agreed a liquefied natural (LNG) supply deal with British oil maj...

Saudis say to jointly invest up to $10bn with Russian fund

DUBAI:  Saudi Arabia’s government and a Russian state fund have signed a memoran...

Egypt to open New Suez Canal on  August 6, eyes economic boost

ISMAILIA: Egypt’s New Suez Canal will open on August 6, its overseer said yesterday, ...

Egypt to inaugurate Suez canal expansion August 6

  Ismailiya, Egypt - Egypt will inaugurate a "new Suez canal" shipping ro...

Turkey posts better than expected first quarter growth

Ankara--Turkey on Wednesday reported better-than-expected growth of 2.3 percent in the fi...