DUBAI: Saudi Arabia’s new king is expected to focus economic policy on creating jobs and multibillion dollar infrastructure projects to prevent tumbling oil...
DUBAI: Plunging oil prices could prompt Gulf Arab sovereign wealth funds to pull tens of billions of dollars out of global markets this year, with much of the...
DUBAI: It’s a weekend morning at the Dubai Mall, a glitzy complex with 1,200 stores, and the shoppers are pouring in. A traffic jam has formed in the basement...
DUBAI: Saudi Arabia’s 2015 budget assumes an oil price close to current levels of around $60 a barrel for Brent crude, a shift from past budgets which were...
MUSCAT: An advisory body to Oman’s government has suggested sweeping spending cuts and tax rises, including a levy on liquefied natural gas exports, to cope...
MARRAKESH, Morocco: Morocco plans to boost state spending in support of industry and reform regulations as part of an effort to double foreign direct...
DUBAI: The emirate of Abu Dhabi will raise electricity and water tariffs to fight waste and limit rapid consumption growth, in a fresh sign that plunging oil...
DUBAI: Kuwait’s privately owned Jazeera Airways is preparing to bid for a big stake in state-run flag carrier Kuwait Airways, Jazeera’s chairman told Reuters....
RIYADH/DUBAI: Seventy-year-old Saudi Arabian stock speculator Mohammad al-Otaibi says he lost hundreds of thousands of dollars in the crash of 2006, but he’s...
DOHA/DUBAI: Qatar’s emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies, part of reforms to expand the...
DUBAI: Most Gulf stock markets consolidated Wednesday because of a weak global environment and a lack of fresh, positive news, as the second-quarter earnings...
DUBAI: Blue chip Emaar Properties pushed up Dubai’s stock market Monday ahead of its second-quarter earnings announcement, while a sudden drop of National...
ABU DHABI/DUBAI: Fifty billion dollars may be enough to trigger major changes to regulation of the Arab world’s second biggest stock market.That sum is the...
ABU DHABI/DUBAI: From a 59-storey tower in Abu Dhabi, the offices of Arabtec look out over the Gulf toward Middle Eastern and Asian nations where the...
DUBAI: With the prospect of a diplomatic breakthrough next month bringing an end to Iran’s international isolation, officials in Tehran are preparing to...
DUBAI: In the desert on the outskirts of Dubai, one of the world’s biggest gold refineries is under construction. When completed next year, it will help to...
CAIRO/DUBAI: After Egypt’s new finance minister took office last month, one of his first acts was to downgrade the government’s assessment of its...
DUBAI/CAIRO: A $40 billion deal for Dubai firm Arabtec to build one million homes in Egypt may mark the start of politically-inspired Gulf investment in the...
DUBAI: The first state budget proposed by Iranian President Hassan Rouhani has sailed through parliament, handing him a political victory as he seeks to build...
DUBAI: An Iranian bank plans to file a claim worth hundreds of millions of pounds against the British government next month as part of efforts by Iranian...
ISTANBUL: Turkey’s government bond yield curve has inverted for the first time in six months, suggesting a growing number of traders are betting the central...
ISTANBUL: When a senior Turkish businessman publicly criticized the central bank this week for failing to stabilize the tumbling lira currency, he was aiming...
DUBAI: Most major Arab stock markets rose Sunday as bets related to the Expo 2020 world’s fair boosted Dubai to a fresh five-year high, while Egypt rose after...
DUBAI: After years of being caught in the geopolitical crossfire over Iran’s disputed nuclear program, Iranian businessmen in Dubai are daring to hope signs...