Saudi considering lifting export curbs on cement, steel
Saudi Arabia is considering lifting partial export bans on cement and steel to relieve oversupply in the local market, economic news website al-Eqtisadiah quoted...
U.S. may allow Iran to trade in dollars
The United States appears to be laying the groundwork to let Iran begin trading in dollars, experts believe, after a landmark accord with the...
Qatar gasoline prices hike by 30 percent at midnight
Qatar will raise its subsidized gasoline prices by at least 30 percent at midnight Friday, the state fuel company said, the latest Gulf country...
Egypt to offer incentives for low-cost airlines
Egypt plans to announce incentives for low-cost airlines such as easyJet and Germany's Air Berlin and Condor to help combat a slide in tourist...
Large business scope for British ventures in Saudi Arabia
The opportunities for doing business in Saudi Arabia were explored during a day-long conference organized by the Middle East Association (MEA) and sponsored by...
Total fined 750,000 euros over Iraq 'oil for food' graft
French energy giant Total was ordered on appeal Friday to pay 750,000 euros for siphoning cash from the UN "oil-for-food" programme that aided sanctions-hit...
Tadawul: Insurance stocks among the top gainers
Middle East stock markets moved little in modest trading volumes on Sunday as uncertainty over oil prices and the global market environment kept many...
Gulf banks are limiting their lending to minimize losses
Gulf central banks have introduced stimulus measures worth tens of billions of dollars including loan repayment holidays to distressed businesses and individuals and fee...
Yemen central bank stops guarantees for rice and sugar imports
Yemen's central bank has told traders and local banks it will no longer provide lines of credit for the import of sugar and rice...
Oil giant Saudi Aramco confirms looking into share offers
State-owned Saudi Aramco, the world's largest crude oil producer and exporter, said Friday it is considering a public share offer.
The company "has been studying...
