Business / Middle East Business

AirAsiaX looks at restoring Iran route, sees “massive” prospects 25 Jan 2016 - 01:08 pm

TEHRAN: AirAsiaX, the long haul subsidiary of Malaysia’s AirAsia, said on Monday it was looking at restoring flights to Tehran, describing Iran as...

Saudi Aramco keeps up investment despite crude fall 25 Jan 2016 - 12:53 pm

Khalid al-Falih, the chairman of Saudi state oil giant Aramco, addresses the 10th Global Competitiveness Forum on January 25, 2016, in the capital...

Bahrain central bank says remains committed to dollar peg 25 Jan 2016 - 10:57 am

ABU DHABI: Bahrain is committed to keeping its dinar currency's peg to the US dollar, a senior official at the kingdom's central bank...

US to provide $1.27 billion aid to Jordan 25 Jan 2016 - 09:08 am

Amman: US will extend a total of $1.27 billion in economic aid and grants to Jordan this year, Jordan's Minister of Planning and...

Insight: After sanctions, Iranian and foreign firms await the good times 25 Jan 2016 - 12:00 am

Lifting of sanctions ends years of isolation Some foreign firms rush in, others still wary Foreign firms in Iran endure losses but keep...

Iran Kish Air says talks to Airbus, studies Embraer, for planes 24 Jan 2016 - 03:39 pm

Caption TEHRAN: Iran's Kish Air is talking to Airbus about buying six of its A321 jets and is also studying possible purchases from...

Iran to buy 114 Airbus planes this week: minister 24 Jan 2016 - 10:11 am

Tehran: Iran will sign a contract this week to buy 114 Airbus planes from France, during a visit to Paris by Iranian President...

Iran, China agree $600-billion trade deal after sanctions 23 Jan 2016 - 05:21 pm

Iran's President Hassan Rouhani (L) shakes hands with his Chinese counterpart Xi Jinping before the opening ceremony of the fourth Conference on Interaction...

Iran to be hooked up to global banks in weeks: Middle East 23 Jan 2016 - 12:00 am

By Jonathan Saul LONDON: International banks are preparing to re-establish links with their Iranian counterparts using the SWIFT transactions system, the head of...

Xi signs Egypt deals as China looks to boost Mideast clout 21 Jan 2016 - 04:50 pm

A handout photograph made available by the Egyptian Presidency shows Egyptian President Abdel Fattah al-Sisi (R) and Chinese President Xi Jinping (L) shaking...

Saudi Arabia to grant first licence in airline liberalisation by end-March 21 Jan 2016 - 03:55 pm

File photo/ AFP. MANAMA: Saudi Gulf Airlines is set to obtain regulatory approvals to launch flights within the kingdom by the end of...

Turkish billionaire businessman Koc dies after heart attack 21 Jan 2016 - 02:44 pm

Koc Holding Chairman Mustafa Koc makes a speech during the opening ceremony of the 12th Istanbul Biennial in Istanbul, Turkey in this September...

Saudi Aramco says in advanced talks to buy stakes in China refineries 20 Jan 2016 - 04:50 pm

RIYADH: Saudi Aramco said on Wednesday it was in advanced talks to invest in refineries in China and the company was also in...

Saudi cuts advance payments to firms for state contracts: Paper 20 Jan 2016 - 04:26 pm

File photo. DUBAI: Saudi Arabia’s finance ministry has cut advance payments to firms doing construction work for the government to 5 percent of...

Sephora plans to open first stores in Iran this year 20 Jan 2016 - 01:06 pm

People walk past a Sephora outlet in Avenues Mall in Kuwait City, Kuwait, January 19, 2016. REUTERS Paris: France's Sephora plans to open...

End of Iran sanctions may boost Turkish exports by 10 percent: Trade group 20 Jan 2016 - 12:50 pm

Iranians drivers refuel their vehicles at a gas station in the capital Tehran on January 19, 2016. AFP ISTANBUL: Turkish exports could rise...

China, Gulf to speed up free trade talks 20 Jan 2016 - 12:39 pm

A handout picture made available by Saudi Press Agency (SPA) shows the Custodian of the two Holy Mosques King Salman bin Abdulaziz of...

Saudi central bank warns banks against riyal speculation 20 Jan 2016 - 10:38 am

By Archana Narayanan DUBAI: The Saudi Arabian central bank has warned commercial banks against betting on depreciation of the riyal as tumbling oil...