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  • Amira beats Street 3Q forecasts Monday, 2 Mar 2015 | 9:00 AM ET

    DUBAI, United Arab Emirates _ Amira Nature Foods Ltd. on Monday reported fiscal third-quarter earnings of $11 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Analysts expected $181 million, according to Zacks.

  • DUBAI, March 2- Egypt has obtained $23 billion in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months since Islamist President Mohamed Mursi was ousted, Investment Minister Ashraf Salman said on Monday. Speaking at a business conference in Dubai, Salman said the aid included oil shipments, cash grants and deposits in Egypt's central bank.

  • *Exports to EU, China fall; sales to U.S. rise. SEOUL, March 1- South Korean exports last month suffered their worst fall in two years on weaker sales to Europe and China, lower oil prices and long holidays, but the government said global demand showed some signs of recovery. Exports in February fell 3.4 percent from a year earlier to $41.46 billion, while imports...

  • Journalist to face court after Paris drone incident Thursday, 26 Feb 2015 | 10:21 AM ET

    PARIS— An Al-Jazeera journalist will face court for illegally flying a drone in Paris, amid a spate of drone flyovers that have confounded French authorities amid heightened security concerns. The Paris prosecutor's office says three journalists for Qatar- based broadcaster Al-Jazeera were released Thursday, a day after they were detained.

  • PARIS, Feb 25- The head of Dubai's Emirates has hit back at U.S. airlines in an increasingly bitter subsidy spat and urged Washington to block their calls to renegotiate Open Skies agreements. He was responding to allegations of trade-distorting Gulf subsidies made by the three largest U.S. airlines, Delta Air Lines, American Airlines and United Airlines.

  • Qatar's Hassad Food eyes Brazilian sugar, poultry assets Wednesday, 25 Feb 2015 | 4:20 AM ET

    *Hassad Food says discussions to buy Brazil assets in early stage. "We have a lot of stuff in our pipeline and Brazil is definitely part of that, not only sugar but also poultry," Youssef Hegazy, vice president for business development at Hassad Food, said on Wednesday. "We realize there are structural issues in both industries in Brazil, like high debt," Hegazy told...

  • SINGAPORE, Feb 25- Gold edged higher on Wednesday after dropping to a seven-week low the session before, with Federal Reserve Chair Janet Yellen indicating flexibility in raising U.S. interest rates. *Spot gold was up half a percent at $1,206 an ounce by 0021 GMT, after hitting its weakest since Jan. 5 on Tuesday at $1,190.91. Silver, both spot and futures, rose more...

  • *Restated profits $381 mln lower in November. DUBAI, Feb 24- An accounting scandal at Saudi Arabia's Mobily is set to constrain dividend payouts from the former stock market darling for the next few years and make investors more picky about companies in the kingdom. Analysts who met acting Mobily Chief Executive Serkan Okandan a month ago came away with the...

  • DUBAI, United Arab Emirates— The Middle East's biggest airline, Emirates, said on Tuesday that it plans to resume flights to Baghdad after halting them last month when an incoming passenger plane came under fire. FlyDubai said it resumed Baghdad flights on Sunday, following a Feb. 12 decision by Emirati aviation authorities to lift a ban on Baghdad flights.

  • PARIS, Feb 20- Spending by Russian tourists abroad has plunged, diving 51 percent in January after falling 44 percent in December because of the rouble's freefall, according to figures released by tax-refund company Global Blue. Last week, Jean-Francois Palus, No.2 at Gucci owner Kering, said the group's Italian tailor Brioni had witnessed a significant drop in...

  • Saudi king to give the masses $32B in bonuses Friday, 20 Feb 2015 | 2:45 AM ET
    King Salman

    Saudi Arabia's new monarch is expected to give away over $32 billion to ordinary Saudis in post-coronation bonuses. The NYT reports.

  • The CEOs of American, United and Delta are asking federal officials to renegotiate or kill treaties that have allowed airlines from Qatar and the United Arab Emirates to increase flights to the U.S. State-owned Qatar Airways, Emirates and Etihad Airways say that the U.S. airlines are merely blocking competition and protecting the high fares they charge on...

  • DUBAI/ NEW YORK, Feb 19- An increasingly bitter trade row between U.S. and Gulf airlines deepened on Thursday when Dubai's Emirates rejected a Delta Air Lines apology for remarks perceived as linking Gulf carriers with the Sept. 11 attacks on the United States in 2001.. Asked about those counter-claims on CNN this week, Delta CEO Richard Anderson said: "It's a great...

  • *Carrefour to open first Kenya store this year. *Kenya seen as gateway to regional trade. Kenya, with a GDP of $53.4 billion, is a gateway to regional trade, but it holds other attractions for retail investors.

  • Career networking website LinkedIn launches in Arabic Wednesday, 18 Feb 2015 | 10:46 AM ET

    DUBAI, United Arab Emirates— Career networking website LinkedIn has launched an Arabic version targeting the Middle East's majority youth population. Saudi Labor Minister Adel Fakeih, who took part in the launch of the website from neighboring United Arab Emirates on Wednesday, says the portal will help the government reach out to Saudis seeking jobs.

  • DUBAI, Feb 18- Egypt's return to the international debt market after a five-year gap is set to attract heavy demand- so heavy that the new bonds risk pricing at precariously high levels. The government plans to issue a $1.5 billion Eurobond in April and to return regularly to international capital markets in coming years, Hanan Salem, first deputy minister at the...

  • Brother: Lawyer seeking to represent jailed Post reporter Wednesday, 18 Feb 2015 | 3:34 AM ET

    DUBAI, United Arab Emirates— A lawyer chosen to represent a Washington Post correspondent detained in Iran has been unable to complete formalities to defend him, the reporter's brother said Wednesday as he appealed to the judiciary and the country's top leader to examine the case. Iranian-American Jason Rezaian was detained in Tehran on July 22 along with his...

  • BRASILIA, Feb 13- President Dilma Rousseff's austerity push has run into stiff opposition from her own allies in Congress that could derail her efforts to restore Brazil's fiscal credibility and avoid a damaging credit rating downgrade. The leftist leader's allies, including members of her own Workers' Party, are seeking to water down a first batch of...

  • Total CEO hails Abu Dhabi concession as "blockbuster" Thursday, 12 Feb 2015 | 11:00 AM ET

    PARIS, Feb 12- The chief executive of Total hailed the renewal of its oilfield concession in Abu Dhabi as a "blockbuster" on Thursday and did not deny the French oil major may have coughed up over $2 billion to sign the deal. The Paris- based company raised pressure on its rivals when it became the first oil major to sign a deal on Jan. 29 with the Abu Dhabi National Oil...

  • NEW DELHI, Feb 12- India and the United States vowed on Thursday to step up joint efforts to halt illicit money flows after revelations that Iranian oil export revenues had been siphoned out of an Indian bank in a suspected money-laundering scheme. Indian Finance Minister Arun Jaitley said the case centering on state-controlled UCO Bank had not come up as part...