Business / Middle East Business

Saudi govt discussing rescue of construction company Oger -report 03 Aug 2016 - 12:01 pm

Labourers work at the construction site of a building in Riyadh (file photo/REUTERS/FAISAL AL NASSER) DUBAI: Saudi Arabia's government is discussing a proposal...

Abu Dhabi's Aldar Properties Q2 net profit up 10 pct 02 Aug 2016 - 01:15 pm

(Photo: Aldar) By Stanley Carvalho and David French ABU DHABI/DUBAI: Aldar Properties reported a 9.7 percent rise in second-quarter net profit on Tuesday,...

Coup costs Turkey economy $100 billion: Minister 02 Aug 2016 - 01:11 pm

Two Children wave Turkish flag. (Burak Milli - Anadolu Agency) Istanbul: The foiled coup attempt seeking to unseat the government of President Recep...

Ras al-Khaimah accuses businessman of embezzling $1.5 billion 01 Aug 2016 - 05:21 pm

DUBAI, United Arab Emirates: Ras al-Khaimah, part of United Arab Emirates, on Monday accused a businessman who once had ties to its ruler...

Libya’s NOC welcomes opening of ports, aims for 900,000 bpd by year-end 01 Aug 2016 - 12:00 am

The building housing Libyan state oil energy firm the National Oil Corporation is seen in Tripoli, February 22, 2016. Reuters / Ismail Zitouny ...

Dubai billionaire businessman Alabbar behind Aramex stake buys -source 31 Jul 2016 - 06:31 pm

(Photo: Aramex) By Tom Arnold DUBAI: Billionaire Dubai businessman Mohamed Alabbar led two investor groups that recently bought a combined 16.45 percent stake...

Dubai's Emaar Properties Q2 net profit up 8 pct on higher revenue 31 Jul 2016 - 03:31 pm

By David French DUBAI: Dubai’s Emaar Properties , builder of the world’s tallest tower, reported an 8 percent rise in second-quarter net profit...

UAE telco du needs renewed prepaid momentum to end earnings slump - CEO 31 Jul 2016 - 12:27 pm

A man walks past a Du telecommunications advertisement in Deira in Dubai. (File photo / Reuters) By David French DUBAI: Du needs to...

Insight: Iran’s global banking problems deepen with rise of Trump, Brexit 30 Jul 2016 - 12:00 am

A money changer displays U.S. and Iranian banknotes at the Grand Bazaar in central Tehran October 7, 2015. To match Insight IRAN-BANKING/ REUTERS/Raheb...

Insight: Turkey’s investment grade hangs in balance as post-coup purges deepen 29 Jul 2016 - 12:00 am

Men sit outside a discount clothing retail store in Istanbul, Turkey, July 13, 2016. REUTERS/Murad Sezer Purges raise concern about institutional weakening Moody’s...

Quarterly profits fall at UAE banks NBAD and FGB as bad loans weigh 27 Jul 2016 - 05:48 pm

A man walks into a branch of First Gulf Bank along Khalid Bin Al-Waleed Road in Dubai January 4, 2012. (REUTERS/NIKHIL MONTEIRO) By...

UAE Etisalat telecoms profit surge 51% in Q2 27 Jul 2016 - 05:15 pm

Customers wait inside an Etisalat store at a shopping mall in Dubai. (Reuters) Abu Dhabi: UAE telecoms giant Etisalat announced Wednesday net profits...

Lower oil prices hitting Abu Dhabi property market -consultants 25 Jul 2016 - 03:24 pm

(Reuters) ABU DHABI: The impact of a subdued oil market on economic growth in Abu Dhabi is showing in the emirate's real estate...

French carmaker to build Citroens in Iran 22 Jul 2016 - 12:00 am

Peugeot 208 automobiles are assembled at the PSA-Peugeot Citroen plant in Poissy, near Paris May 15, 2013. REUTERS/Gonzalo Fuentes/File Photo GLOBAL BUSINESS WEEK...

EU relaxes trade rules with Jordan to create jobs for Syrian refugees 22 Jul 2016 - 12:00 am

Syrian refugees stand at the Zaatari refugee camp located close to the northern Jordanian city of Mafraq near the border with Syria on...

Netflix plan to conquer world stumbles, for now 20 Jul 2016 - 12:00 am

The Netflix logo is shown in this illustration photograph in Encinitas, California October 14, 2014. REUTERS/Mike Blake San Francisco: The plan by Netflix...

Turkey calms rattled markets but post-coup fears remain 18 Jul 2016 - 06:33 pm

Turkish police officers line up during a funeral ceremony for killed police officers in Ankara, Turkey, July 18, 2016. REUTERS/Osman Orsal Ankara: Turkey...