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Egypt’s Sisi aims to bring deficit down to 8.5 pct by 2017/18
Sisi has not given specifics on how he would reform subsidies, which eat up around ...
Economy -
Oil prices rise on Libya, Ukraine supply concerns
The political crisis in Libya comes just weeks after the resumption of oil exports ...
Energy -
Egypt wants arbitration resolved to allow gas exports from Israel
The partners in Israel’s Tamar natural gas field would export up to 2.5 trillion ...
Energy -
Turkey to order first two F-35 fighter jets
It would be the first order of Turkey’s pre-announced plan to purchase 100 F-35 ...
Aviation & Transportation -
Lebanon expects Gulf Arabs to end travel warning this month
Lifting the travel advisory comes as Lebanon’s new government, formed in February ...
Economy -
IMF urges Kuwait to contain rise in wages, subsidies
Kuwait has boasted a budget surplus in each of the past 14 fiscal years, helping ...
Economy -
Iraq awards Petrofac, China’s CPECC Rumaila oilfield contracts
Baghdad has signed a series of contracts with foreign oil companies that target ...
Energy -
Morocco, Gulf to provide 40 pct of $2.8 bln tourism projects
Morocco and four Gulf states will provide 40 percent of the financing for tourism ...
Economy -
Iraq authorizes 3G for mobile firms
It is not clear when the decision would be fully implemented
Telecoms -
Gold industry shifts east as Dubai plans huge refinery
Key industry activities such as refining and clearing remain dominated by Europe ...
Financial Markets -
GCC women take charge as economies shift
Female company directors in the Gulf are still few but the their number is rising ...
Featured Perspectives -
Rich Arabs, poor Arabs and the ever-widening gap
There’s money and opportunity even in poor Arab countries, but corruption has led ...
Middle East Opinion -
Turkish president urges more Gulf investments
Kuwait and Turkey signed cooperation agreements in defence, trade and the media
Economy -
Kuwaiti telecom operator Zain signs $250m Islamic loan
Zain will use the money to meet its “operational and expansion financing needs”
Telecoms -
BP shelves onshore exploration in Libya as instability grows
The British company took the decision for security reasons
Energy -
Qatar Airways to launch third daily Japan service
The non-stop flights, which will be operated by the Boeing 787 Dreamliner, will ...
Aviation & Transportation -
In struts Chanel: King Karl eyes Dubai as next fashion capital
On May 13, the luxury brand juggernaut that is Planet Chanel lands in Dubai to ...
World -
Saudi telco Mobily in $560mln deal to buy gear from Ericsson, NSN
The agreements have a tenor of 10 years and will be used over an 18-month period
Telecoms -
Saudi jewelry shops not ready for women employees yet
Most women who own such shops have employed their relatives to run their ...
Economy -
Survey: Bullish funds shift money among Gulf equity markets
The survey of 15 leading investment managers found 53 percent expected to raise ...
Financial Markets -
Mesaieed Petrochemical shares soar 400% in Qatar debut
The shares opened at 50.0 riyals, up from their initial public offer price of 10.0 ...
Financial Markets -
Dubai’s Arabtec shares suspended on regulator request
No reason was provided for the suspension of trading
Banking & Finance -
Yemen LNG to temporarily shut one production line
Yemen LNG’s two trains have a combined capacity to produce 6.7 million tons a year ...
Energy -
Gaza's economic woes pile up, unemployment soars
Egyptian-Israeli blockade on the Gaza Strip has left industry and construction ...
Economy -
Gold prices edge lower as dollar firms
Bullion hit its highest since Oct. 31 on Tuesday at $1,332.10, having posted its ...
Economy
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Saudi Airlines secures $1.9 bln loan to fund planes
The loan is with a group of local and international banks led by Saudi Arabia's ...
Aviation & Transportation -
Facebook to buy WhatsApp for $19bn in deal shocker
The deal would place the world’s largest social network Facebook close to the ...
Business -
Kurds say have not agreed to export oil via Iraq’s SOMO
The claims come after Iraq’s Deputy Prime Minister for Energy said that the Kurds ...
Energy -
Abu Dhabi, Dubai markets should unify back offices, says ADX chief
If a merger does not happen, consolidating the exchanges’ back offices would be a ...
Financial Markets -
Jordan’s drug-maker Hikma estimates 23% full-year revenue growth
The London-listed company raised its full-year generics revenue forecast to $270m, ...
Economy -
Firm behind Beckham underwear looks to score in India
Retailer H&M, which makes pants endorsed by the British footballer, to spend $136k ...
Retail