Middle East Business News

Trump Says No Mexico, Canada Steel Break Without Fair Nafta

French President Emmanuel Macron says the European Union must take urgent action at the World Trade Organisation Read more

Stocks Fall As Trade Threats Loom; Dollar Rises

The S&P 500 Index dropped for the fourth time in five days Read more

IEA Sees US Energy Dominance Squeezing Opec Into 2020s

New US supply will cover more than half the world’s oil demand growth to 2023, the agency said Read more

AI Will Create More Jobs In 2020 Than Eliminating

White-collar workers will be first impacted and then blue collar, industry expert says Read more

Atlantis Opens $1.6 Billion Hotel In China

The 540,000 square metre hotel, the third Atlantis in the world, opened on Hainan Island in February Read more

Dubai Wholesale City Inks Dh300 Million Deal With LuLu Group

The retailer agreed to open a logistics hub at the wholesale city Read more

Libyas Biggest Oil Field Sharara Is Said To Resume Production

Libya was producing 1.1 million barrels a day as of March 1, with Sharara contributing 300,000 of that Read more

Union Coop Posts Record Profit

The consumer cooperative recorded its largest profit since 1982 Read more

Profit Growth Represents Strong Start To 2018 For Regions Hotels

The region’s hotels also saw their revenue per available room increase, albeit marginally Read more

Dual-listed Shares Witness Buying In Quiet Dubai Market

First Abu Dhabi Bank, which will go ex-dividend on Tuesday, may weigh on Abu Dhabi index Read more

Indias Telco, Aircel, Files For Bankruptcy Cover Over $7.7b Dues

Mobile carrier Aircel Ltd owes about Rs150 billion to secured financial creditors and the rest to operational unsecured ... Read more

UK Watchdog Fines Ex-Deutsche Bank Trader Over Libor

Guillaume Adolph has been fined £180,000 for ‘improperly influencing’ quotes used for the Libor interest rate bench... Read more

China Keeps Growth Target At 6.5%, Stays Focused On Financial Risks

Pledges to continue crackdown on risks in financial system Read more

Insurer AXA Agrees To Buy XL Group For Around $15b

Deal strengthens AXA’s property and casualty insurance business; AXA shares fall 5% Read more

Egyptian Exchange To Launch Derivatives Soon

The bourse is expecting 5-6 Initial Public offerings from the private sector this year Read more