ABU DHABI/DUBAI: An advisory body to the UAE government has suggested that the central bank review the country’s currency peg to the US...
ABU DHABI/DUBAI: An advisory body to the UAE government has suggested that the central bank review the country’s currency peg to the US...
DOHA: The government plans to set up a number of arbitration centres to resolve civil and commercial disputes. The idea is to help...
DUBAI: HSBC will refund customers across five countries in the Middle East and North Africa for charging them excessive foreign currency fees on...
Manama: Gulf Air, Bahrain’s national carrier, has signed a two-year renewal deal with air transport IT specialist, SITA, for network, messaging and voice...
VIENNA: Talks between Saudi Arabia, fellow Opec member Venezuela and oil powers Russia and Mexico failed to find an agreement to address a...
DOHA: GCC markets have the potential to “rotate” ahead of current market leaders like the US and exceed their growth rates, top financial...
ABU DHABI/DUBAI: Three more private companies are expected to list shares on the UAE stock exchanges’ secondary market by mid-2015, the head of...
DUBAI: Dubai-based Noor Bank is looking to Turkey and other international markets to escape tougher competition at home and take advantage of a...
DOHA: Petrochemicals revenues reached an all-time high in 2013 hitting the $89.4bn mark, according to the latest industry report by the Gulf Petrochemicals...
KUWAIT city: Kuwait National Petroleum Co (KNPC) plans to spend $40bn in the period to 2022 on projects including a new refinery and...
LONDON: Global oil prices diverged yesterday in a subdued start to a week that will be centred on the OPEC cartel’s output meeting,...
DUBAI: Dubai Festival City (DFC), a unit of conglomerate Al Futtaim Group, is in the process of raising a Dh3.9bn ($1.06bn) loan facility...
A Kuwaiti man withdraws cash from an ATM outside a Kuwait Finance House branch inside the Avenues Mall, the largest shopping centre in...
VIENNA: Iran will try to persuade Saudi Arabia to cut oil production when the oil ministers from the two Opec members meet this...
DUBAI: Mobily, Saudi Arabia’s second-biggest telecom operator, has suspended chief executive Khalid Al Kaf and put his deputy Serkan Okandan in charge pending...
CAIRO: Egyptian real estate company Amer Group plans to split into two companies in an attempt to create more opportunities for its development...
CAIRO: Egypt hopes to attract investment of $10bn-$12bn in 20 projects, including in energy, transport and water, at a major conference in mid-March,...
MARRAKESH: Morocco plans to boost state spending in support of industry and reform regulations as part of an effort to double foreign direct...
