ISTANBUL: The Turkish economy grew at an annual rate of 4.3 percent in the first quarter of 2014 despite political turmoil and a...
ISTANBUL: The Turkish economy grew at an annual rate of 4.3 percent in the first quarter of 2014 despite political turmoil and a...
ABU DHABI: Abu Dhabi Gas Liquefaction Co (ADGAS) said yesterday it planned to increase gas production to as much as 2.4 billion standard...
KUWAIT CITY: The Kuwaiti government has decided in principle to end subsidies on diesel fuel but will deal with any negative impacts on...
LONDON/ABU DHABI: Iraq’s trade minister said yesterday the country does not import wheat from neighbouring Syria as the produce was not high enough...
DUBAI: Growth in real estate demand in Dubai has been due to an improving economy, not speculation, the emirate’s Land Department said yesterday...
DUBAI: United Arab Emirates-based lender National Bank of Ras Al Khaimah (RAKBANK) may sell a benchmark-sized debut bond issue after announcing plans to...
DUBAI: Abu Dhabi’s Emirates Steel has obtained $1.3bn in credit facilities, becoming one of a string of United Arab Emirates firms to lower...
CAIRO: Egyptian investment bank Beltone Financial will discuss the possibility of splitting its shares today, it said in a statement to the Cairo...
CAIRO: Egypt extended a five percent supplementary tax to include companies as well as wealthy individuals, drawing a mixed response from businesses yesterday...
DUBAI: Low residential rental yields in Dubai and Abu Dhabi may indicate growing imbalances and overheating in the real estate sector, the United...
DUBAI: Saudi Arabia’s Shura Council, an influential advisory body to the government, will discuss a proposal for the country to establish a sovereign...
Doha: The Gulf Organisation for Industrial Consulting (GOIC) seeks to support Gulf industrial exports through a series of programmes, especially after the surge...
KHARTOUM: Sudan’s annual inflation rate rose to 41.2 percent in May, reflecting a 3.9 percent monthly rise, the Central Statistics Office said yesterday,...
DUBAI: An impending bond issue by Abu Dhabi-based telecommunications firm Etisalat may not only be the region’s largest deal so far this year,...
Kuwait City: Upgrades in development indicators reaffirm strong growth of GCC economies, but greater economic diversification is needed to absorb oil markets volatility,...
CAIRO: Egypt’s interim President, Adly Mansour, yesterday signed into law a temporary 5 percent income tax increase on individuals earning more than 1m...
DUBAI: Dubai Islamic Bank (DIB) has completed the purchase of a 24.9 percent stake in Indonesia’s Bank Panin Syariah from its parent firm,...
DUBAI: Abu Dhabi’s economy expanded an inflation-adjusted 5.2 percent in 2013, its official statistics centre said yesterday, a much slower rate than the...
