ISTANBUL: Banks are continuing to exchange gold in Turkey, despite US pressure over the country’s booming gold-for-gas trade with Tehran, which helps Iran...
ISTANBUL: Banks are continuing to exchange gold in Turkey, despite US pressure over the country’s booming gold-for-gas trade with Tehran, which helps Iran...
DUBAI: Airlines in Iran have seven days to repay more than $200m in debts they owe to the oil ministry for fuel or...
TRIPOLI: Tupras, Turkey’s sole oil refiner, will extend purchases of crude oil from Iran when the company’s contract expires in August but won’t...
MUSCAT: Oman will double natural gas prices for some industrial consumers by 2015, with a rise of 33 percent for 2013 alone, Oman’s...
DUBAI: Dubai’s Nakheel issued an Islamic bond worth Dh121m ($32.94m) yesterday, the third tranche of a sukuk that forms part of the developer’s...
TEHRAN: Iran’s oil exports have been slashed by 40 percent in the past nine months because of tough Western sanctions, Oil Minister Rostam...
DUBAI: Three Bahraini Islamic banks have completed their merging into a single entity, a statement from the transaction adviser said yesterday, marking a...
CAIRO: A rising budget deficit, falling foreign exchange reserves and a sliding currency are adding to the woes of Egypt’s fragile government even...
ABU DHABI: Commercial banks in the UAE plan to ask the central bank to delay and soften new rules placing caps on mortgage...
Libya’s Oil and Gas Minister Abdul Bari Laroussi (centre left) with Turkish Energy and Natural Resources Minister Taner Yildiz (right), in Tripoli yesterday....
Abu Dhabi: The UAE Minister of Energy has said that oil prices are reflecting fundamentals of demand and supply and the current prices...
Riyadh: Economists in Saudi Arabia have estimated the kingdom’s revenues from Haj and Umrah services in 2012 at more than SR62bn ($16.5bn), 10...
CAIRO/LONDON: Egypt dipped deeper into its rapidly shrinking currency reserves yesterday, fighting to slow a sliding pound which is likely to push up...
ANKARA: Turkey tied up a giant agreement with the UAE yesterday for the development of coal fields in southern Turkey to generate electricity...
DUBAI: Egypt’s stock market rose to a nine-week high yesterday as investors continued to bet that authorities would succeed in managing depreciation of...
CAIRO: The Egyptian pound fell to record lows and debt insurance costs soared yesterday despite assurances by the country’s Islamist leaders they would...
MUSCAT: Oman is banking on oil prices staying high this year to fund heavy spending on job creation and social welfare, according to...
Dubai: Damac Properties, the largest luxury private developer in the Middle East, is giving away luxury Audi’s with properties bought during the Dubai...
