Business / Middle East Business

UAE, Germany plan talks over Air Berlin-Etihad code share 14 Oct 2015 - 12:00 am

FRANKFURT: The United Arab Emirates (UAE) is seeking talks this week aimed at gaining Germany's approval for code share flights operated by Air...

Oil price fall 'opportunity' for Saudi business: executive 13 Oct 2015 - 05:10 pm

RIYADH: A fall in Saudi oil revenues opens greater opportunities for the private sector by promoting a shift in spending to domestic companies,...

Etihad, IBM sign $700 mln services deal 13 Oct 2015 - 04:51 pm

Dubai: Abu Dhabi's Etihad Airways said Tuesday it has signed a 10-year technology services agreement worth approximately $700 million with IBM aimed at...

France signs deals worth $10bn with Saudi Arabia 13 Oct 2015 - 04:10 pm

French Prime Minister Manuel Valls (C-L) and Saudi Defence Minister Mohammed bin Salman bin Abdul Aziz (C-R) arrive for a meeting in the...

Saudi starts oil supplies to Poland, in set-back for Russia 13 Oct 2015 - 02:58 pm

By Gleb Gorodyankin, Denis Pinchuk and Katya Golubkova MOSCOW: Saudi Arabia has started supplying crude oil to Poland, the head of Russia's biggest...

Abu Dhabi property prices steady despite weak demand: Report 13 Oct 2015 - 01:16 pm

By Matt Smith DUBAI: High occupancy levels in premium office and residential property in Abu Dhabi helped keep overall prices steady in the...

Egypt's Suez Canal revenue rises to $462.1m in August 13 Oct 2015 - 11:29 am

CAIRO: Egypt's revenue from the Suez Canal rose to $462.1 million in August, from $437.7 million in July, the Suez Canal Authority's website...

India’s Minister of Finance to inaugurate Arab India Economic Forum 13 Oct 2015 - 11:10 am

DUBAI: India’s Minister of Finance Arun Jaitley (pictured) is set to launch the inaugural Arab India Economic Forum (AIEF), scheduled to be held...

Kuwait says won't slow development of oil projects 12 Oct 2015 - 12:00 am

KUWAIT: Kuwait will not slow the development of its oil industry projects in response to the fall of crude prices, its oil minister...

Dubai's Al Maktoum airport to gear up for Emirates' move 07 Oct 2015 - 05:28 pm

DUBAI: Dubai's Al Maktoum International Airport will begin the preparations next year for Emirates Airlines to move operations there in about a decade,...

Gulf surges on strong oil, bank earnings; Egypt up 07 Oct 2015 - 05:06 pm

By Andrew Torchia DUBAI: Major Middle East stock markets rose on Wednesday as a leap in oil prices boosted petrochemical and energy-related shares...

UAE says to invest $35 bln in clean energy by 2021 05 Oct 2015 - 12:00 am

ABU DHABI: The gas-rich United Arab Emirates will invest $35 billion in clean energy by 2021 as it seeks to reduce its dependence...

Saudi to convert state real estate fund into bank 04 Oct 2015 - 06:54 pm

DUBAI: Saudi Arabia plans to convert a state-owned housing fund into a bank, the latest in a string of reforms to the economic...

Egypt's Trade Ministry lifts ban on rice exports 04 Oct 2015 - 05:26 pm

CAIRO: Egypt's Ministry of Trade and Industry has lifted a ban on rice exports due to an expected surplus of the staple and...

UAE says oil investment plans on track, no delays on crude price drop 04 Oct 2015 - 05:22 pm

ABU DHABI: The United Arab Emirates is moving ahead with its oil and gas investment plans despite the current drop in oil prices,...

Emirates hints at no Dubai Airshow orders, pushes decision on A350/787 to next year 04 Oct 2015 - 04:38 pm

By Nadia Saleem DUBAI: Emirates airlines indicated on Sunday that it won't be announcing any big orders at next month's Dubai Airshow and...

GCC Petrochemicals Industry's revenues reach $88bn in 2014 01 Oct 2015 - 05:25 pm

(Represenational image) DUBAI: With revenues reaching almost $88bn in 2014, the petrochemicals industry contributed to 31% of the GCC’s total manufacturing GDP, according...

Kuwait to seek private investment in $36 bln projects 01 Oct 2015 - 03:32 pm

Adel Mohammad al-Roumi, president of the Kuwait Authority for Partnership Projects. By Ahmed Hagagy KUWAIT: Kuwait will invite private investors, including foreigners, to...