Syndicated loan to Abu- Dhabi-based Emirates Motor
Abu Dhabi-based Emirates Motor Company, the authorised distributor for Mercedes-Benz in Abu Dhabi and Al Ain, has closed a debut $175m syndicated dual tranche...
Oil falls to lowest close since March
Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data...
Greece Requests a Third Aid in Less than Five Years
In a decisive stride towards reforming its economic crisis , Greece, which has been bailed out by the European Union, European Central Bank and...
Addis Ababa – Djibouti railway nears completion
The Addis Ababa (Ethiopia) - Djibouti Railway project is nearing completion and will begin operation in early 2016, a report said.
The railway project...
The Biggest Drop in Shanghai Shares in Eight years
In a move that is considered to be unpredictable to all as the Chinese shares slid more than 8 per cent on Monday. The...
Business in scope: Most significant Business Deals of the week
Business leaders are always hunting for the most profitable deals in order to boost their business empires. Here is a quick look at the...
Iran gearing up after lifting international sanctions
Maye Kabil: Easing international sanctions on Iran was considered a breakthrough that will affect international markets and Middle Eastern economic balances. The deal settled last...
Saudi stock Market eyes stability and growth in 2015
RIYADH: The Saudi Stock Exchange opened to qualified foreign investors (QFI) for the first time one month ago, and is expecting increased involvement of...
Saudi Arabia issues Sovereign bonds
Saudi Arabia has issued its first sovereign bonds since 2007 to cover a budget deficit created by low oil prices, launching a series of...
Survey of old buildings to be launched in Bahrain
A survey of all Manama’s ageing buildings could soon be launched in a bid to prevent falling debris causing damage and injury.
The plan, which...
US firm wins Aramco long-term agreement
MEED: McDermott has been awarded a deal by Saudi Aramco for long-term brownfield work on various offshore fields, the US-based company confirmed.
McDermott was one...
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Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...