DUBAI: Emirates, Dubai's flagship airline, reported a 40 percent jump in annual net profit on Thursday, aided by savings from lower oil prices....
DUBAI: Emirates, Dubai's flagship airline, reported a 40 percent jump in annual net profit on Thursday, aided by savings from lower oil prices....
Dubai: Gulf oil exporters must reduce spending, including subsidies, and diversify their economies to cope with lower revenues caused by the sharp drop...
DUBAI--- Burgan Bank, Kuwait's third-largest lender by assets, reported a 2 percent rise in first-quarter net profit on Monday, missing analysts' forecasts. Burgan,...
Beirut--Lebanon's land exports to Gulf markets have been choked off, leaving millions of dollars in goods stranded after the closure of a vital...
DUBAI: Banks are tightening lending conditions for small, private companies in the Gulf — a sign that the region’s economies are not escaping...
A mirror reflection shows an employee working in a foreign exchange office in central Cairo. CAIRO: Egypt’s currency black market, a thorn in...
LONDON: Saudi Arabia has a response to the global surplus of oil: Raise output to near-record levels and then pump even more. The...
BELGRADE: Serbia sealed an agreement with an Abu Dhabi investor on Sunday for a multi-billion-dollar, Dubai-style riverside development that has drawn fire from...
Riyadh--Saudi petrochemicals giant SABIC on Sunday posted a 39 percent decline in net profits in the first quarter of 2015 compared with a...
LONDON: Opec should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase...
Cairo - Egypt has been approved as a founding member of the Beijing-backed Asian Infrastructure Investment Bank, opening the way for it to...
Bollywood Actor Anil Kapoor along with Sheikh Sultan bin Saqer Rashid Humaid Al Nuiami inaugurated Malabar Gold & Diamonds’ 130th outlet in Ajman....
Istanbul--Turkey's embattled lira on Wednesday tumbled to a new low in value against the dollar, creating a headache for the ruling party just...
DUBAI: Qatar’s bourse fell yesterday after Gulf International Services (GIS) said weak oil prices were starting to hurt its drilling rig business. Most...
DUBAI: The chairman of Emaar Properties has insisted he remains committed to the Dubai-based developer in the face of concern about the number...
Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in...
Dubai: The Islamic finance system faces several key challenges if it is to unlock its huge potential and develop safely, the International Monetary...
Tripoli: Libya’s Prime Minister Abdullah Al Thinni has said his government would run its own oil sales and deposit revenues abroad in a...
