Iraq unlikely to allow Iran banks due to sanctions
BAGHDAD: Two Iranian banks seeking to open branches in Iraq are unlikely to get government approval due to economic sanctions imposed on Tehran in a row over its nuclear program,…
Iraq delays gas bidding round to Oct 1
ISTANBUL: Iraq has pushed back by a month the date of an auction for international firms that want to develop three of its gas fields, company executives said on Sunday.…
Emirates Steel gets $2.2 bln loans for expansion
DUBAI: Abu Dhabi's Emirates Steel Industries (ESI) obtained loans worth $1.7 billion from banks and a $500 million loan from General Holding Corp (GHC) to finance its expansion, a company…
Firms to bid for work at Saudi offshore gas fields
KHOBAR: State oil firm Saudi Aramco has invited contractors to bid for offshore work at its non-associated gas fields feeding Wasit, the biggest gas plant built in the kingdom, industry…
Jordan Phosphate Mines H1 profits down 48 pct
AMMAN: Jordan Phosphate Mines Co (JMPC), one of the world's largest phosphate suppliers, posted a 48.5 percent drop in first-half net profit to 34.6 million dinars ($48 million), the firm…
Abu Dhabi SWF joins M.Stanley in UK rail bid-paper
DUBAI: The Abu Dhabi Investment Authority (ADIA) has agreed to join Morgan Stanley and private equity group 3i in a bid for the high-speed railway linking London with the Channel…
Iran resumes gas exports to Turkey – gas official
TEHRAN: Iranian natural gas began flowing to Turkey again on Saturday after a damaged pipeline linking the two countries was repaired, the Iranian oil ministry news website SHANA reported. "Officially…
Jordan’s Arab Bank H1 profits down 11.7 pct
AMMAN: Jordan's Arab Bank Group, the country's largest lender, saw its first-half net profits fall 11.7 percent to $303.261 million compared to the same period last year, a statement released…
Ayman Nour to launch anti-Gamal Mubarak campaign
CAIRO: Al-Ghad opposition party will officially launch late on Sunday a campaign to counter another initiated earlier last week by “The Popular Coalition to Support Gamal Mubarak” for the presidency…
Pakistan flood toll tops 1,000 as cholera emerges
PESHAWAR: The death toll from Pakistan's worst floods in living memory topped 1,000 Sunday as outbreaks of waterborne disease emerged and penniless survivors sought refuge from the raging torrents. More…