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Sources: Iran asks India for $1.5bn in oil payments
If the payments are approved, this could make India the third of Iran’s major ...
Energy -
Protesters said to shut oil pipeline in Libya
The impact of the incident on production remains unclear
Energy -
Report: Monte Paschi foundation in talks with Qatar on stake sale
Qatari fund might be willing to subscribe to a portion of unsubscribed shares in ...
Economy -
High time for hi-tech Israelis and Palestinians
Israel has earned her nickname the start-up nation, due to her vibrant ...
Middle East Opinion -
Iraq crude exports decline to 2.2 mln bpd in January
The drop is due to attacks on the pipeline carrying oil from the northern Kirkuk ...
Economy -
Qatar’s armed forces buy Barcelona hotel for $107 million
Qatar is interested in making further investments in the Spanish city
Property -
Dubai construction firm Arabtec to open Baghdad office
The office will promote ventures which Arabtec formed last year with South Korea’s ...
Property -
Two Kuwaiti refineries stay below full output after shutdowns
The 270,000-barrels per day (bpd) Mina Abdullah and 200,000-bpd Shuaiba refineries ...
Energy -
Davos 2014: Private and Public sectors to invest in health
Participants agreed on increased investment after a meeting entitled ‘Health is ...
Banking & Finance -
Jordan’s Arab Bank 2013 net profit up 43 percent
Arab Bank has seen a slowdown in profit growth in recent years
Banking & Finance -
European businesses rushing to find Iran bonanza
For businesses, getting into Iran is a chance not to be missed.
Business -
Libyan oil revenues plunge as protests hurt output
The minister said revenues fell back to $13 billion for the second half of 2013 ...
Energy -
Iraq draft budget intensifies Kurd oil export row
The draft budget requires the Kurds to export 400,000 barrels per day (bpd) well ...
Economy -
New Saudi airline in $2 bln deal for Bombardier planes
The deal is a boost for Bombardier that has so far seen slow orders for the ...
Aviation & Transportation -
Saudi British Bank Q4 net profit jumps 20 percent, beating forecasts
Saudi Arabia's fourth-largest listed bank attributed its profit rise only to ...
Banking & Finance -
Study: GCC continues to drive MENA growth
Spending in 2014 is estimated to be $30 billion in Qatar and $25 billion in Kuwait
Economy -
Forbes ranks Egyptian doctor among the top social entrepreneurs in 2014
Zaazoue is the only Egyptian in the business magazine's “30 under 30” list
Art and culture -
Egypt hits 3-year high as Sisi signals may run for president
Egypt’s benchmark rose 2.0 percent to 7,117 points, its highest close since ...
Economy -
Yemen parliament approves 2014 budget, raising spending by 4%
Estimated revenue for the impoverished nation for 2014 is around 2.20 trillion ...
Economy -
Dubai property firm Nakheel to pay $1.1bn debt in 2014
Nakheel said its finances were boosted by strong real estate growth and improved ...
Property -
Limited production resumes at South Libya oilfield
Al-Sharara oilfield is now producing some 60,000 barrels per day compared with its ...
Energy -
Yemen repairs attacked pipeline, oil flows again
Tribesmen bombed the Yemeni pipeline in December, halting oil flows to the Ras Isa ...
Energy -
Beached Morocco oil tanker to be ‘unloaded by Monday’
The Moroccan ship was travelling from the Canary Islands when it hit rocks near ...
Energy -
Food prices lead Turkish inflation higher in December
Turkish consumer prices rose 0.46 percent month-on-month in December, the Turkish ...
Economy -
World’s richest man Bill Gates ups fortune by $15.8b in 2013
The ranking showed that $524 billion was added to the world’s top billionaires’ ...
Banking & Finance -
Iran arrests tycoon accused of busting U.S. and EU sanctions, says media
The arrested businessman denied any wrongdoing
Economy -
Turkish markets hit after minister urges Erdogan to quit
Turkey’s main stock index fell 4.2 percent and the lira weakened to 2.0850 against ...
Financial Markets -
Security company Northrop Grumman appoints new CEO for Saudi division
Walid Abukhaled will be in charge of leading the security company’s operations in ...
Business -
Merit should come before Saudization
Forcing businesses to employ Saudis who do not have the proper training will have ...
Middle East Opinion -
Dubai International Capital sells its major European assets
To pay off loans accumulated after the financial crisis, DIC sells its major ...
Economy -
Iraq businesses in grueling fight against corruption, bureaucracy
Baghdad is not doing enough to support commerce, experts say
Economy