Arabic

Qatar Airways buys nearly 10% of BAs parent firm

Qatar Airways buys nearly 10% of BAs parent firm

Qatar Airways announced that it has bought nearly 10 percent of the parent company of British Airways and Spains Iberia, deepening wealthy Qatars business ties to Europe and intensifying competition with the airlines fast-growing Gulf rivals.

Saudi-Iran relations to remain unchanged in Middle East

Saudi-Iran relations to remain unchanged in Middle East

Relations between Saudi Arabia and Iran are likely to remain unchanged under the new Saudi leadership, according to experts.

Gulf states may need to rethink monetary policy

Gulf states may need to rethink monetary policy

Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US diverge, a senior Qatar central bank official said in a research paper.

SABIC creates enormous value for Kingdom

SABIC creates enormous value for Kingdom

The enormous benefits of SABIC to the Kingdom of Saudi Arabia include the creation of high-quality jobs, development of technology, and opportunities for service industries, said Mohamed Al-Mady, the companys vice chairman and CEO, at a major international forum in Riyadh.

Sharjah Free Zones team in key Japan talks

Sharjah Free Zones team in key Japan talks

Saud Salim Al-Mazrouei, director of Sharjah Airport International Free Zone (SAIF Zone) and Hamriyah Free Zone Authority (HFZA), led a high-level delegation to Tokyo to further explore the Japan market in order to utilize its potential for both sides.

Experts: 'More of the same' as Saudi ushers in new king

Experts:

As Salman bin Abdulaziz becomes the new king of Saudi Arabia, he is not expected to make any significant policy changes regarding falling oil prices, the economy and relations with other states in the Middle East, experts say.

No collapse in Saudi output despite oil price plunge

No collapse in Saudi output despite oil price plunge

Saudi Arabia's economic growth fell to its lowest level in more than a year, in the fourth quarter of 2014, a sign that the plunge in oil prices may be causing growth to slow, data from the Saudi Statistics Office showed on Wednesday.

Mergers, acquisitions total $37 billion in 2014 in Middle East

Mergers, acquisitions total $37 billion in 2014 in Middle East

Thomson Reuters, a major source of intelligent information for businesses and professionals worldwide, Tuesday released the annual investment banking analysis for the Middle East region.

UAE says declining oil prices will not impact clean energy

UAE says declining oil prices will not impact clean energy

The United Arab Emirates on Monday downplayed fears that the fall in oil prices could negatively impact the development of renewable energy projects.

Saudi banks profits up 10% to SR40 billion in 2014

Saudi banks profits up 10% to SR40 billion in 2014

Profits of the listed Saudi banks grew by 10 percent to hit SR40.2 billion ($10.7 billion) by the end of 2014, compared to SR36.6 billion ($9.7 billion) in 2013, according to a financial report.