Aramco cut December crude prices to US refiners to maintain its market share, writes Reuters market analyst John Kemp.
The menace of ISIL has presented Iran with an opportunity to liberate its economy from sanctions by emerging as a responsible regional power that Washington and Riyadh can work with. Can it seize the opportunity?
Sheikh Ahmad Al-Fahad Al-Sabah, the president of the Olympic Council of Asia, said the World Cup could be a catalyst for positive change in the Middle East.
Currently, Qatari investors are exempt from taxes on profits made when they sell properties purchased in France.
Third A380 service provides more choice for passengers connecting later in Dubai, and flying onwards in America
The new company is expected to be named Orascom Construction.
Gulf countries have stepped in to help Egypt since the ouster of Islamist President Mohamed Mursi last year.
The deal is Abraaj’s fourth investment into Southeast Asia’s food and beverage industry.
There were a total of three IPOs in the MENA region during the third quarter with the Emaar Malls Group (EMG) listing being the largest in 2014, the report said.
The statement from the bank was issued following a Bloomberg News report about RBS hiring PricewaterhouseCoopers to sell its Middle Eastern corporate loan book.
A strong dollar, on a seven-year high against the Japanese yen, kept investors away from safe-haven assets.
Regional airlines recorded a passenger demand growth of 15.8 per cent in September 2014, compared to a year ago, said IATA.
He said the first would be a multibillion-dollar project related to the power sector in partnership with a Middle Eastern group.
The African nation hopes to get shipments as early as next year to use in generating power.
Kuwait has said it would ship around two million barrels of crude oil a month to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.
The social networking website is tapping in on its recently introduced video features to attract more advertising revenues.
The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.
China has appointed clearing banks for Taiwan, Singapore, London, Frankfurt, Paris, Luxembourg and Seoul in the past two years.
QIA, estimated to have around $170 billion, and state-owned CITIC Group signed an MoU to launch the 50-50 investment fund.
CEO Wolfgang Prock-Schauer will be replaced by Stefan Pichler on February 1, 2015.
Emirates was one of six main FIFA sponsors who collectively paid around $180 million last year.
The offer is for the whole company but Abraaj will accept no less than a 51 per cent controlling stake, it said.
The austerity plans may be the first serious effort by the wealthy Gulf Arab states to economise since the oil price slump of the 1990s.
The 40-page synthesis said that global warming is causing more heat extremes, downpours, acidifying the oceans and pushing up sea levels.
The total value of Saudi oil aid since July 2013 has amounted to about $5 billion.
Authorities are investigating possible violations connected to the lender banking for Iranian-controlled entities in Dubai.
The Islamic investment firm will also distribute its Luxembourg fund range via two European investment firms.
Beijing is aggressively promoting its currency to more international investors in a bid to turn the “redback” into a global reserve currency, while at the same time expanding its already considerable political and economic clout.
Triple daily services will begin to Mumbai on February 15, and to New Delhi on May 1, 2015.
Palaces, old mosques and cuisines in the Spanish region display strong traces of Arabic inspiration.