Islamic banks weather economic storm

Banks that comply with Islamic Sharia law thriving due to 'conservative approach to risk'.


Exxon clinches Iraq oil deal

US major wins contract to boost West Qurna 1 field's production to 2.1 million barrels per day.


Moody's downgrades Dubai firms

Credit ratings agency says ratings outlook for government-linked DP World, DEWA, DIFCI, JAFZ is negative.


Iraq inks mega oil deal with BP, CNPC

Multi-billion-dollar venture is set to boost output at Rumaila field by up to 1.8 million bpd over its 20-year duration.


Libyan oil chief resumes duties

NOC’s website reveals Ghanem has returned to work one month after being replaced following his resignation.


'No real' economic crisis in Gulf states

Economic observers agree that Gulf states less impacted by global crisis than other countries.


Iran: EU firms in talks to bring gas to Nabucco

European firms in unofficial talks for Iran to join EU's flagship Nabucco gas pipeline project.


Arab-British Economic Forum opens in London

Arab, British senior executives, decision makers discuss new opportunities for business partnership.


Iraq to initial oil deal with Italian-led consortium

Consortium will sign preliminary deal with Iraqi oil ministry to exploit Zubair oilfield in southern Iraq.


Algeria seeks builders for world's third largest mosque

Algeria calls for offers to build Grand Mosque of Algiers, which could cost several billion dollars.


ADSIC, Microsoft Gulf sign MBSA, MoU

Strategic partnership between Abu Dhabi Systems and Information Centre, Microsoft Gulf aims to foster innovation advance e-inclusion in Abu Dhabi.


Sinopec, Kuwait agree on 9-bln-dlr refinery

Asia's biggest refiner, Kuwait Petroleum International sign MoU to build oil refinery in southern China.


Venezuela, Syria boost ties with accords

Caracas, Damascus cement ties via five trade, agriculture, energy cooperation agreements.


Kuwait: OPEC may have to call special session

Oil minister says OPEC should convene emergency session if prices keep rising towards $100.


Algeria tightens automobile import rules

Ban of all imports of spare parts not bought in their country of origin from November 2 will help fight counterfeiting.


Moroccan king among investors in troubled Macau firm

Mohammed VI is one of about 20 wealthy people who were sold $400 million stake in loss-making Macau Legend.


Dubai unveils 6.5 billion dollar borrowing plans

New EMTN debt may be listed on London Stock Exchange, Dubai Financial Market.


OPEC chief: Oil output hike likely in December

Badri says decision depends on higher oil prices, improving economic growth, no floating storage of crude.


UAE President: Our economy solid, including Dubai

Sheikh Nahyan says global economic crisis has shown strength of UAE economy despite its negative effects.


World Bank arm debuts Islamic bond Mideast list

International Finance Corp to list its first Islamic bond in Middle East for 'positive' impact.




Liberalisation harming Egypt's cotton industry




Syria opening up more to investment




Arab TV looks to Ramadan to make huge profits




War-torn Iraq short of 1.5 million homes




Burj Al Arab Hotel escapes crisis discounting




Islamic home finance offers new economy solutions




Oman Air - A partner of progress




Farms in Saudi Arabia?




Algerian investor builds big dreams for capital




Pink Lebanon taxis for women only!