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Business Middle East

  • President of Russia Vladimir Putin and Chinese President Xi Jinping toast with vodka during a signing ceremony in Shanghai, China.

    "Today in Europe we see the rebirth of nationalism, but in the rest of the world it is the rebirth of empires," says Bernard-Henri Levy.

  • DUBAI, March 30- Qatar Airways and Etihad Airways are lending some passengers laptop computers and tablets to use on board following the U.S. ban on most electronics devices from being taken into the cabin on United States- bound flights. On March 25 the U.S. authorities banned electronic devices larger than a mobile phone from being taken into cabins on direct...

  • DUBAI, March 30- Qatar Airways and Etihad Airways are lending some passengers laptop computers and tablets to use on their flights following the new U.S. ban on allowing passengers' to take their own devices into the cabin on flights to the United States. Qatar Airways said on Thursday complimentary laptops would be available to business class passengers...

  • CAIRO, March 30- Egypt's government is considering raising food subsidies provided to millions of people every month by 29 percent to help ease the impact of rising prices on poorer families, two sources at the finance ministry said on Thursday. A surge in inflation to a 30- year high since Egypt dropped the pound's peg to the dollar in November has driven up...

  • ABU DHABI, March 30- Abu Dhabi's state-owned Mubadala Development Co, which is merging with fellow Abu Dhabi- owned International Petroleum Investment Company, said on Thursday its net profit nearly tripled in 2016.. Mubadala, which is focused on developing Abu Dhabi's economy through local companies such as clean energy firm Masdar and stakes in...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, has won approval for its AP1000 reactor design, Britain's nuclear regulator said on Thursday. The Office for Nuclear Regulation approval is needed before the design can be used at NuGeneration Ltd's Moorside new nuclear project in north west England, which consists of three...

  • ABU DHABI, March 30- Abu Dhabi's state-owned Mubadala Development Co, which is merging with fellow Abu Dhabi- owned International Petroleum Investment Company, said on Thursday its net profit nearly tripled in 2016.. The company reported a net profit of 3.3 billion dirhams for 2016, compared to a net profit of 1.2 billion dirhams in 2015, while its total...

  • BEIRUT— Lebanon's government has revealed the country's first budget in 12 years after discord and political paralysis had prevented politicians in past years from agreeing on a figure. Lebanon has a debt of about $74 billion. The situation worsened after Syria's crisis began in March 2011, with Lebanese groups backing rival sides in the conflict and the...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain's nuclear regulator said. The approval is necessary before the reactor can be used at NuGen's Moorside new nuclear project in north west England, which could generate around 7 percent of...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain's nuclear regulator said. The approval is necessary before the reactor can be used at NuGen's Moorside new nuclear project in north west England, which could generate around 7 percent of...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain's nuclear regulator said. The approval is necessary before the reactor can be used at NuGen's Moorside new nuclear project in north west England, which could generate around 7 percent of...

  • LONDON, March 30- Toshiba's Westinghouse, which filed for bankruptcy on Wednesday, is on track to win approval for its AP1000 reactor design by the end of March, Britain's nuclear regulator said. The approval is necessary before the reactor can be used at NuGen's Moorside new nuclear project in north west England, which could generate around 7 percent of...

  • CAIRO, March 30- Egypt expects inflation to start easing by November or December, a year after abandoning its currency peg and seeing prices soar as the pound lost half its value, Finance Minister Amr El-Garhy said on Thursday. "We expect the inflation rate to ease starting in November or December," Garhy told a conference in Cairo. Garhy was speaking a day after the...

  • CAIRO, March 30- Egypt expects inflation to start easing by November or December, a year after abandoning its currency peg and seeing prices soar as the pound lost half its value, Finance Minister Amr El-Garhy said on Thursday. "We expect the inflation rate to ease starting in November or December," Garhy told a conference in Cairo. Garhy was speaking a day after...

  • JERUSALEM, March 30- Israel's Delek Group said on Thursday its quarterly profit was boosted by the sale of two natural gas sites and higher income from its exploration and production operations as it seeks further international expansion. Delek agreed to buy Ithaca Energy last month in a deal valuing the North Sea oil producer's equity at $646 million and...

  • ABU DHABI, March 30- Abu Dhabi state-owned fund Mubadala Investment Company is lining up new overseas investments in 2017 and may also sell or reduce some of its existing stakes in companies, its chief executive said on Thursday. Mubadala, which is merging with Abu Dhabi- owned International Petroleum Investment Company, will not see any change it its strategy...

  • ROSH HA-AYIN, Israel _ Partner Communications Co. on Thursday reported a loss of $1.8 million in its fourth quarter. Partner Communications shares have risen 13 percent since the beginning of the year. Keywords: Partner Communications, Earnings Report.

  • SINGAPORE/ BEIJING, March 30- China's Zhenhua Oil is setting up an oil trading office in Singapore that will start operating in April, three sources at the company said on Thursday. "The new trading office is to serve the company's expanding business requirement and Singapore is a good platform for that," said a senior Zhenhua official said. Set up in 2003, Zhenhua, a...

  • TOKYO, March 30- Toyota Motor Corp on Thursday said it was recalling a total of about 2.9 million vehicles in Japan, China, Oceania and other regions including its Corolla Axio sedan and RAV4 SUV crossover due to potentially faulty airbag inflators. At least 16 deaths have been linked to exploding Takata inflators, mainly in the United States, prompting the auto...

  • The Republican chairman of the U.S. Senate Intelligence Committee promises a thorough investigation into any direct links between Russia and Donald Trump during his successful 2016 run for the White House. Nations led by China and the European Union rally around a global plan to slow climate change after Trump began undoing Obama-era plans for deep cuts in...