Business / Middle East Business

DUBAI: United Arab Emirates e-commerce and online marketplace website JadoPado has been acquired by a technology fund led by Dubai billionaire and Emaar...

Dubai: Leading Middle East airline Emirates said Thursday its profits had plunged by 82.5 percent in its last fiscal year, blaming fierce competition,...

Emirates, the Middle East’s largest airline, reported a drop in annual profit on Thursday for the first time in five years as it...

Riyadh: Saudi Arabia's budget deficit fell by 71 percent in the first quarter of this year, the finance minister said on Thursday, after...

NICOSIA:  The European Bank for Reconstruction and Development is to start investing in the West Bank and Gaza, it said on Wednesday. The...

Gulf Air, Bahrain’s national carrier appointed online travel booking company “Ezeego1.com” as back-end service provider for its dedicated holidays unit “Gulf Air Holidays,”...

Etihad Aviation Group accelerated its strategic reset by naming an interim chief executive officer to take the reins from James Hogan, the architect...

CAIRO: Morocco’s Attijariwafa Bank paid twice book value to acquire Barclays’ Egyptian business and hopes the acquisition will enable it to increase its...

Malabar Gold & Diamonds’ has extended its presence in UAE by opening a new showroom in Al Rigga, Deira, Dubai on Thursday. The...

Marking the unveiling of Al Zorah, The Oberoi Group announced the opening of the Oberoi Beach Resort, Al Zorah. Situated just 25 minutes...

The law which will introduce VAT in the region is anticipated to be published soon with speculation that VAT in the UAE will...

Riyadh: Saudi Arabia is close to striking deals with South Korean and Chinese firms under a $100 bn project to build 1 million...

LONDON: Oil and gas firm Kuwait Energy said on Wednesday it is seeking a premium listing on the London Stock Exchange in a...

Dubai: Saudi Basic Industries Corporation (SABIC) is evaluating acquisition opportunities in the range of $3 to $6bn in the areas of petrochemicals, speciality...

Kuwait City: Kuwaiti telecoms giant Zain's net profit rose slightly in the first quarter of 2017 due to difficulties in some regional markets,...

Gulf Air, Bahrain’s national carrier, is gearing up for the arrival of the airline’s first Boeing 787-9 Dreamliner aircraft which will be delivered...

BEIRUT: Lebanon's Blom Bank reported a 3.5 percent year-on-year rise in first-quarter net profit, it said in a statement on Saturday.  Net profit...

MOSUL, Iraq: Some businessmen in Mosul have begun rebuilding their shattered premises without waiting for financial support from the cash-strapped Iraqi government or ...