DUBAI: The UAE is at an advanced stage of drafting a foreign investment law to allow 100 percent foreign ownership of businesses in some sectors, the country’s economy minister said at a conference.
Saudi Aramco has signed a new $10 billion credit deal with 27 financial institutions, it said on Monday, replacing an existing $4 billion agreement, which was signed in 2010.
The Kingdom’s stock exchange jumped the most in six weeks, leading a rally in Arab equity markets, after Custodian of the Two Holy Mosques King Salman pledged to restore stability in Yemen.
More than 120 local and international companies are showcasing their expertise in building, construction and heavy equipment at BUILDEX 2015.
Net profits of the Saudi banks reached SR7.1 billion in a two-month period (January-February 2015) and expected to register record levels by the end of the year, according to a financial report.
ATHENS: Greece's Energy Minister Panagiotis Lafazanis will meet his Russian counterpart and the CEO of energy giant Gazprom in Moscow on Monday, as he hit out at the EU and Germany for tightening a "n
LONDON/FRANKFURT: The European Central Bank and the Bank of England have reached a deal that strengthens the financial backing of British clearing houses in their handling of euro-denominated securiti
Oman is planning to stage an exhibition of its products in Jeddah, which is aimed to provide a platform to eventually boost the country's exports to Saudi Arabia.
NEW YORK: Last fall, when the price of oil started dropping, fund manager Craig Hodges figured crude would rebound in 2015 and began buying shares of companies he thought would be unfairly hit, includ
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), received Jean- Louis Borloo, special envoy to the French President François Hollande.
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