DUBAI: The United Arab Emirates government is still working on a public debt law that would pave the way for a debut federal...
DUBAI: The United Arab Emirates government is still working on a public debt law that would pave the way for a debut federal...
ABU DHABI: Oil major BP Plc, shut out of pre-qualification bidding to develop Abu Dhabi’s largest onshore oilfields, is hopeful it can be...
CAIRO: Egypt’s government has proposed tax changes and reducing energy subsidies to cut a budget deficit running at about 11 percent of gross...
DUBAI: The global oil market is in a good shape and Saudi Arabia is happy with the current oil price, Saudi Oil Minister...
DUBAI: Gulf International Bank, majority owned by the Saudi Arabian government, has mandated banks to arrange a dollar-denominated bond, planned before the end...
ALGIERS: Algeria, the world’s fourth-largest gas exporter, has decided to develop its shale gas potential as well, but experts fear this could cause...
BAGHDAD: Iraq has warned Russia’s Gazprom Neft to quit oil deals with the country’s autonomous Kurdistan or pull out of its contract for...
Yusuffali MA, after receiving the “most influential Asian Business Leader in the MENA region” award from Forbes ME in Dubai. Dubai: The world’s...
VIENNA/ABU DHABI: Royal Dutch Shell, RWE and TransGlobe Energy have won concessions in Egypt’s first licensing round since the 2011 revolution in a...
KHARTOUM: Sudan’s annual inflation rate rose to 45.3 percent in October from 41.6 a month earlier, driven mostly by large increases in food...
LONDON: Middle Eastern buyers piled into London’s luxury home market in October as they shielded their wealth from political turmoil back home, including...
BAGHDAD: ExxonMobil has informed the Iraqi government it wants to pull out of a $50bn oil project, and Baghdad expelled Turkey’s state oil...
DUBAI: Dubai faces $48bn of debt maturities between 2014 and 2016 but, unlike the crisis in 2009, is better equipped to handle redemptions...
DUBAI: Bahrain’s government plans to cut its budget spending by almost 6 percent in 2013 as it seeks to curb its deficit, a...
Egypt sees IMF loan deal in DecCAIRO: Egypt expects to reach a loan agreement with the IMF by mid-December after talks this month...
DUBAI: Abu Dhabi Islamic Bank (ADIB) is set to become the first Gulf Arab company to issue a hybrid Islamic bond this week,...
PARIS: Dubai-based NetOil, led by Middle Eastern businessman Roger Tamraz, has submitted a new offer to take over France’s oldest refinery, unveiling a...
COLOMBO: Ceylon Petroleum Corp (Ceypetco) will resume operation of Sri Lanka’s sole refinery, a 50,000 barrels-per-day facility, after a 10-day closure, because it...
