Global ride-hailing service Uber will acquire its Middle East rival Careem for $3.1 billion, the two companies announced on Tuesday.
Qatar Airways threw its support behind Boeing Monday as the U.S. planemaker faces its biggest crisis in years after two deadly crashes of its flagship 737 MAX jet.
Uber Technologies Inc. is set to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem Networks FZ as early as this week, according to people with knowledge of the matter.
Uber Technologies Inc is set to offer over $3 billion to buy Dubai-based rival Careem Networks FZ, two sources familiar with the deal told Reuters.
The companies developing Israel’s largest natural gas field are in discussions to increase the amount of supply to Egypt beyond the $15 billion deal inked...
Deutsche Bank AG is facing resistance from top Qatari shareholders to its merger plans with Commerzbank AG, four people familiar with the matter said.
Dubai’s Shuaa Capital PSC started talks for a potential combination with an Abu Dhabi entity, joining a stream of mergers in the Gulf’s financial industry.
Turkish President Recep Tayyip Erdogan warned that bankers deemed responsible for creating excessive demand for hard currency and making misleading...
Lebanon’s Central Bank last week removed $21 billion from its balance sheet in a bid to improve new accounting procedures required by international financial...
Saudi Aramco’s delayed initial public offering is sidelining grand North American expansion plans at its U.S. refining subsidiary Motiva Enterprises LLC,...
Airbus signed a deal worth tens of billions of dollars Monday to sell 300 aircraft to China, coinciding with a visit to Europe by Chinese President Xi Jinping...
A U.S. trade judge ruled Tuesday that Apple had violated a Qualcomm chipmaker patent and said she would recommend banning imports of some iPhones.
Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology startups, it said Sunday, in a dedicated hub as part of efforts to...
Budget needs are forcing Saudi Arabia to push for oil prices of at least $70 per barrel this year, industry sources say, even though U.S. shale oil producers...
The United States clinched a strategic port deal with Oman Sunday, which U.S. officials say will allow the U.S. military better access the Gulf region and...
The stakes in Turkish elections this month could hardly be higher, if the behavior of local investors is anything to go by.
Turkey’s foreign-currency reserves are plunging but officials aren’t saying why.
Typing out your order on Mrsool is only the start of what’s made the Saudi delivery app more popular in the kingdom than Uber Technologies Inc. and Facebook...
Dubai’s property market’s woes aren’t denting appetite for villas yet.
South Sudan’s committee overseeing the fragile transition from civil war has approved almost $185 million in spending on vehicles, food and home renovations...
One of President Abdelaziz Bouteflika’s few remaining allies in the face of mass protests, tycoon Ali Haddad, is facing pressure to quit as head of Algeria’s...
Saudi Arabia is targeting up to $20 billion of investments through 2035 for a planned landmark tourism destination and will hold a global investor roadshow...
At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of...
Sudan considers oil and gas exploration blocks offered by Egypt in the Red Sea's Halayeb area as a direct intrusion into Sudanese territory, Saad al-Deen...
The United States granted Iraq a 90-day waiver exempting it from sanctions to buy energy from Iran, a State Department official said Wednesday, the latest...
Prince Alwaleed bin Talal al-Saud, the Saudi billionaire whose wealth has more than halved since 2014, promised more transparency on his settlement with the...
Libya boosted crude production by a third after restarting its biggest field, and its top oil official sees further gains when companies like BP Plc invest...
Just after dawn, Fatemeh Ansari Mokhtari stood alone outside Tehran’s Shahid Baharloo supermarket, gripping the edge of her black chador.
South Sudan should stop selling expensive and opaque oil advances, the International Monetary Fund said, as loan resettlements were hindering spending vital...
Saudi Arabia's King Salman has begun four entertainment projects in the capital, Riyadh, worth a total of 86 billion riyals ($23 billion), the state news...
The influence of Saudi Arabia’s bin Laden family on its eponymous construction business has been curtailed in a restructuring that follows an anti-corruption...
As the weekend kicks off in Bahrain, Saudi Arabian and Kuwaiti cars jam the capital’s roads and hotel lobbies fill with visitors looking for bars, restaurants...
OPEC and its non-OPEC partners need to reconsider if there is a need for a meeting in April, Saudi Arabia's energy minister said on Monday, adding that there...