Business / Middle East Business

Abu Dhabi: The United Arab Emirates (UAE) announced 4.07 billion dirhams ($1.11 billion) in defence procurement contracts on Tuesday, the third day of...

Kuwait/Dubai: Kuwait Investment Authority (KIA) has appointed Farouk Bastaki (pictured) as managing director to replace Bader Mohammed Al Saad, newspaper Al Rai reported...

Algiers: Algeria has attracted 49 offers from international energy companies to build four refineries worth a total $6bn, a state energy firm Sonatrach...

Cairo: The Egyptian pound strengthened against the US dollar on Monday, regaining ground after record lows which followed the central bank's decision to...

Dubai/Bejing: Abu Dhabi‎ National Oil Company (ADNOC) said yesterday it had signed an agreement giving China National Petroleum Corporation (CNPC) an eight percent...

Dubai: NCB Capital Co. Chief Executive Officer Sarah Al Suhaimi will become the first woman to chair Saudi Arabia’s stock exchange, the largest...

Cairo: Tourists are slowly returning to Egypt, easing pressure on a key sector battered by years of turmoil and the 2015 bombing of...

DUBAI/RIYADH: Saudi Binladin Group (SBG) has received substantial payments from the Saudi Arabian government to settle debts since the start of this year,...

Riyadh: Saudi Arabia is considering two options for the shape of Saudi Aramco when it sells shares in the national oil giant next...

Dubai: Abu Dhabi’s $125 bn sovereign fund Mubadala Investment Co. will start operations in May through four divisions focusing on the Middle East...

Joyalukkas has changed the landscape and widened the horizon of the jewellery retail industry, from its humble beginning of a single showroom in...

Dubai: A $125bn Abu Dhabi state investment firm, formed by merging two of the emirate's biggest funds, is expected to start operating in...

Dubai: The emirate of Dubai is expected to issue a US dollar bond by the end of the first quarter, though it has...

Abu Dhabi is close to finalising the merger of two of its largest sovereign wealth funds, Mubadala Development Co PJSC and International Petroleum...

Dubai: Dubai-based developer Emaar, which built the world’s tallest tower Burj Khalifa, said yesterday its net profits rose sharply last year due to...

Kuwait City: The OPEC oil cartel has implemented more than 90 percent of its agreed output cuts aimed at curbing a glut on...

Dubai: Dubai’s Al Khaleej Sugar Refinery, the world’s largest port-based refinery for the commodity, said yesterday it was operating at full capacity and...

Dubai: Petrochemical shares boosted Saudi Arabia's bourse in early trade on Sunday after oil prices firmed at the end of last week, while...