DUBAI/PARIS: Societe Generale is nearing the sale of its majority stake in an Egyptian bank to Qatar National Bank (QNB), sources familiar with...
DUBAI/PARIS: Societe Generale is nearing the sale of its majority stake in an Egyptian bank to Qatar National Bank (QNB), sources familiar with...
ABU DHABI: UAE group Dolphin Energy has awarded a $250m contract to Indian group Larsen & Toubro to upgrade a gas plant in...
Sheikh Mohammed bin Rashid Al Maktoum (centre), Vice President and Prime Minister of the UAE and Ruler of Dubai, looks on during a...
CAIRO: The Egyptian government expects to sign a memorandum of understanding with the International Monetary Fund for a $4.8bn loan before an IMF...
JUBAIL, Saudi Arabia: Saudi Basic Industries Corp (Sabic) is considering investing in the United States to capitalise on the shale gas boom there,...
DUBAI: The United Arab Emirates government is still working on a public debt law that would pave the way for a debut federal...
ABU DHABI: Oil major BP Plc, shut out of pre-qualification bidding to develop Abu Dhabi’s largest onshore oilfields, is hopeful it can be...
CAIRO: Egypt’s government has proposed tax changes and reducing energy subsidies to cut a budget deficit running at about 11 percent of gross...
DUBAI: The global oil market is in a good shape and Saudi Arabia is happy with the current oil price, Saudi Oil Minister...
DUBAI: Gulf International Bank, majority owned by the Saudi Arabian government, has mandated banks to arrange a dollar-denominated bond, planned before the end...
ALGIERS: Algeria, the world’s fourth-largest gas exporter, has decided to develop its shale gas potential as well, but experts fear this could cause...
BAGHDAD: Iraq has warned Russia’s Gazprom Neft to quit oil deals with the country’s autonomous Kurdistan or pull out of its contract for...
Yusuffali MA, after receiving the “most influential Asian Business Leader in the MENA region” award from Forbes ME in Dubai. Dubai: The world’s...
VIENNA/ABU DHABI: Royal Dutch Shell, RWE and TransGlobe Energy have won concessions in Egypt’s first licensing round since the 2011 revolution in a...
KHARTOUM: Sudan’s annual inflation rate rose to 45.3 percent in October from 41.6 a month earlier, driven mostly by large increases in food...
LONDON: Middle Eastern buyers piled into London’s luxury home market in October as they shielded their wealth from political turmoil back home, including...
BAGHDAD: ExxonMobil has informed the Iraqi government it wants to pull out of a $50bn oil project, and Baghdad expelled Turkey’s state oil...
DUBAI: Dubai faces $48bn of debt maturities between 2014 and 2016 but, unlike the crisis in 2009, is better equipped to handle redemptions...
