Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Egypt calls Erdogan statements ‘ironic,’ accuses Turkey of sponsoring terrorism
:: Egypt’s foreign ministry spokesman, Ahmed Hafez, slammed Turkish President Recep Tayyip Erdogan’s statements at the UN General Assembly this week where he urged the UN to “handle the suspicious death of More »
Saudi Crown Prince: Attacks are test of int’l resolve against destructive acts
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said on Wednesday that the attacks on Saudi Aramco oil facilities are a test of international resolve in the face of destructive acts that More »
Saudi Crown Prince says attacks on oil facilities are a ‘dangerous escalation’
:: Saudi Arabia’s Crown Prince Mohammed bin Salman said the recent attacks on Saudi Aramco facilities represented a “dangerous escalation not only toward the Kingdom but also the entire world.” The Crown More »
Category Archives: Economy
Saudi Aramco formally appoints banks to advise on share sale
Saudi Aramco has formally appointed JPMorgan Chase & Co, Morgan Stanley and HSBC as international financial advisers for its initial public offering, sources familiar with the matter told Reuters. The trio join Moelis & Co and Evercore, which have been
Ride-hailing firm Careem on lookout for acquisitions, IPO an options
Dubai-based ride-hailing company Careem is looking for acquisition opportunities and is considering an initial public offering as a possible option but has no timeframe in mind, its founder and CEO said. Careem, which competes with Uber and operates from Pakistan
Turkish banker arrested in US on charges of violating Iran sanctions
A senior official at a state-owned Turkish bank has been detained in the United States on charges of helping Iran violate US sanctions against the country, the bank said Wednesday. “Our deputy general manager in charge of international banking, Mehmet
Indians with US visa, Green Card to get visa on arrival in UAE
Indian passport holders with an American visa or a green card will be granted entry visa on arrival in the UAE. This has come into effect following a decree approved by the UAE Cabinet, reports Gulf News on Wednesday. “Citizens
Mitsubishi UFJ optimistic on Saudi project finance, Aramco IPO role
Mitsubishi UFJ Financial Group (MUFG) expects double-digit growth in its project finance business in the Middle East in 2017, driven partly by Saudi Arabia’s efforts to reduce its dependence on oil, the bank’s co-head in the region Elyas Algaseer said.
Britain’s new pound coin enters circulation
Britain’s new £1 coin with the symbols of England, Scotland, Wales and Northern Ireland goes into circulation from Tuesday on the eve of the launch of a Brexit process that has put national unity in doubt. The 12-sided coin is
Samsung plans to sell refurbished Galaxy Note 7s
Tech giant Samsung Electronics plans to sell refurbished versions of the Galaxy Note 7 smartphones, the company said late on Monday, signaling the return of the model pulled from markets last year because of fire-prone batteries. Samsung’s Note 7s were
S. Africa’s Gordhan ordered home from London
Finance Minister Pravin Gordhan is set to return to South Africa early on Tuesday after being ordered home from London by President Jacob Zuma, hours before a court hearing over the closure of accounts belonging to friends of the president.
First warning signs appear for UK’s resilient economy
Britain’s economy has for months defied the cataclysmic predictions made by campaigners for staying in the EU ahead of last year’s referendum but its smooth run shows signs of hitting the skids. As Britain begins the delicate process of extracting
Canada eyes Asia for oil exports
Canada’s natural resource minister said Saturday despite the approval of Keystone XL pipeline, his government remains determined to diversify its oil exports beyond the US. The minister, Jim Carr, told The Associated Press that President Donald Trump’s approval of the
Le Pen’s plan to jettison euro spooks French business
The euro — and her fervent wish to withdraw from it — is a central theme of every stump speech by French far-right presidential candidate Marine Le Pen. Le Pen calls the single European currency “a knife that you stick
Qatar Foundation looks at job cuts amid low oil, gas prices
The Qatar Foundation says it is looking at possible job cuts, the latest Gulf entity to acknowledge being hurt by low global energy prices. The foundation says in a statement Sunday it is “examining our existing operational costs,” when asked
Iran to sanction 15 US companies for Israel ties
Iran will impose sanctions on 15 US companies for their support for Israel and its “terrorist actions”, state news agency IRNA said Sunday. The decision, which is largely symbolic because the firms do not do business with Iran, comes two
UK push for trade with Turkey concerns lawmakers
Britain risks looking as though it has put defense and trade ties with Turkey ahead of human rights concerns as it pushes to secure a closer relationship with Ankara, a committee of lawmakers said on Saturday. The warning comes as
Emaar Malls is latest bidder for regional e-commerce giant Souq.com
The buzz around Souq.com, the Dubai-based e-commerce platform, got more exciting with Al Arabiya reporting that Emaar Malls has made an offer worth $800 million to buy the site. Emaar Malls is headed by chairman Mohamed Alabbar, who is also
Amazon to buy online retailer Souq.com
Amazon.com Inc. has agreed in principle to buy Dubai-based Internet retailer Souq.com, one of the best-known names in the Middle East’s online shopping market, sources familiar with the deal said on Wednesday. Souq.com, which sells consumer electronics, fashion, household items
Brexit banks set to avoid lengthy euro zone test
Banks in London that relocate operations to the euro zone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for them to shift, according to two officials with knowledge of the matter. The
Dubai Duty Free expects $2 mln sales hit from electronics ban
Dubai International Airport’s duty free operator estimates that it will lose about $2 million in sales this year from the ban on carrying most electronic devices on United States-bound flights, a senior executive said on Thursday. Under new security measures
Loading ...
You must be logged in to post a comment.