CAIRO: Egypt’s current account recorded a surplus in the first quarter of the financial year, boosted by billions of dollars in aid from...
CAIRO: Egypt’s current account recorded a surplus in the first quarter of the financial year, boosted by billions of dollars in aid from...
NICOSIA: Bank of Cyprus (BoC) announced yesterday a nine-month net loss of ¤1.94bn ($2.66bn), mostly on the back of provisions for winding up...
Al KHOBAR: Saudi Electricity Co (SEC) has signed a $366m loan agreement with the Japan Bank for International Cooperation (JBIC) and two Japanese...
KUWAIT: Ibrahim Dabdoub, one of the longest-serving bank executives in the world, will retire from National Bank of Kuwait next year after leading...
Iraq’s Deputy Prime Minister for Energy Hussain Al Shahristani (left) with Japan’s Prime Minister Shinzo Abe (right) at Abe’s official residence in Tokyo...
DUBAI: Rising Saudi energy demand is a bigger threat to the world’s biggest oil exporter than surging US shale output, Saudi Jadwa Investment...
CAIRO: Egypt’s economy should grow at an annual rate of two percent in the second fiscal quarter, the state’s planning minister said yesterday,...
AJDABIYA/TRIPOLI: The leader of a movement pushing for greater autonomy in eastern Libya said yesterday he would not end the blockade of several...
CAIRO: Egypt will pay $300m of the money it owes to foreign oil companies in Egyptian pounds, a Finance Ministry statement said, as...
Al KHOBAR: Saudi Arabia’s PetroRabigh expects its revenues to rise by almost SR1bn ($267m) this year after its parent companies agreed to cut...
KUWAIT: Kuwait is set to secure $1.43bn in financing from a consortium of banks for a power and desalination plant, one of the...
TEHRAN: Iran has canceled a planned $500m loan to Pakistan to build part of a pipeline to bring natural gas from the Islamic...
A Nissan official receiving the award. DUBAI: Nissan Tiida has won the ‘Car & Driver Magazine Best Budget Hatchback Of The Year Award...
CAIRO: Egypt’s financial regulator will submit new rules to the government in January to facilitate issuance of sukuk, or Islamic bonds, as part...
ABU DHABI: Two Gulf Arab countries aim to take on the Caribbean as it seeks to become a major destination for cruise tourism,...
MILAN/ABU DHABI: Abu Dhabi’s Etihad Airways is examining Alitalia’s books and is expected to decide by Christmas whether to take a stake in...
CAIRO: Egypt is still in talks with foreign energy companies to change the amount the government pays them for natural gas produced in...
NEW DELHI: Indian and Iranian officials are meeting this week to discuss how to unlock the first oil payments to Iran since the...
