Latest Business News
S&P reviewing ratings of 50 MENA banks on new criteria
DUBAI: Standard & Poor's (S&P) is reviewing credit ratings on 50 banks…
Arab Monetary Fund says unlikely to offer aid to Europe
ABU DHABI: The Arab Monetary Fund is unlikely to offer any funding…
Egypt core inflation falls, urban inflation rises in November
CAIRO: Egypt's core consumer price inflation declined to 7.04 percent on an…
Yemen seeks gasoline in January in tender
LONDON: Yemen is seeking to import four cargoes of gasoline in January…
Qatar creates 50 mln euro fund for French suburb start-ups
PARIS: Qatar has set up a €50-million ($67-million) fund for entrepreneurs from…
Trade chiefs to avoid negotiating Doha commerce liberalization round
GENEVA: Trade chiefs will avoid negotiating on the 10-year-old Doha commerce liberalization…
Gold rises as euro recovers, cautious over EU
LONDON: Gold rallied on Friday in line with a jump in the…
OPEC heads for windfall on record oil price
LONDON: OPEC is heading for near-record oil export revenue this year thanks…
Turkey to suspend free trade pact with Syria: minister
ANKARA: Turkey is taking new economic measures against the Syrian leadership and…
Hopes alive for year-end Gulf stocks rally, Egypt vulnerable
DUBAI/CAIRO: Hopes are still alive for a year-end rally of Gulf stock…