Trade between Qatar and Turkey is expected to have hit $2 billion in 2018, a Turkish official said, up 54 percent from the previous year and underscoring Ankara’s solidified role as a top ally to Qatar amid a political rift in the Gulf region. Ankara has emerged as one of Qatar’s top partners since a Saudi-led bloc launched a trade and diplomatic boycott of the tiny Gulf state in 2017, sending additional troops and food to shore up Qatar’s needs just after it began. Saudi Arabia, the UAE, Bahrain and Egypt accuse Qatar of supporting terrorism. Doha denies the charge and says the boycott aims to infringe on its sovereignty.
President Recep Tayyip Erdogan was granted emergency powers that give him broad authority to act when Turkey’s financial stability is deemed to be under threat. Parliament voted late Wednesday to authorize the Turkish president to take all the necessary measures in case of a “negative development” that could spread across the entire financial system.
The company building the world's first superfast hyperloop train system in the United Arab Emirates will complete a first phase of its construction next year, a top executive said Thursday.
Top oil exporter Saudi Arabia called Tuesday for a “fair” and gradual global energy transition as it unveiled an ambitious domestic renewable energy program.
Saudi Arabia and four other Gulf nations will join JPMorgan Chase & Co.’s emerging-market bond indexes this month, potentially paving the way for billions of...
Lenders in the United Arab Emirates will come under pressure this year as a property and retail slump take its toll.
For Saudi equities, 2019 may be a story of two halves.
Turkish home sales to foreigners last year surged at more than triple the pace in 2017 as buyers flocked to benefit from a weaker lira.
Carlos Ghosn improperly received $9 million in compensation from a joint venture between Nissan Motor and Mitsubishi Motors, the Japanese automakers said...
The Saudi ambassador to Arab League said Thursday that the Arab economic summit to be held over the weekend in Beirut would mainly focus on the welfare and...
European shares jumped to their highest level in six weeks as signs of a detente in the trade war between the United States and China lifted markets from Wall...
China has offered to go on a six-year buying spree to ramp up imports from the U.S., in a move that would reconfigure the relationship between the world’s two...
Qatar Airways may boycott a gathering of fellow Oneworld members in London next month amid a simmering spat with partners in the marketing alliance.
ACWA Power plans to expand into solar panel manufacturing, its chief executive said, in a move which would put the power and water plants developer at the...
Etihad Airways PJSC has agreed to lead a rescue of cash-strapped Jet Airways India Ltd. in a move that will see the Abu Dhabi-based carrier double its stake...
Turkish billionaire Ferit Sahenk is in talks to sell some of Europe’s most famous luxury hotels to the investment firm owned by Dubai’s ruler as part of a...
Saudi Arabia could be in for a busy year of asset sales if the kingdom sticks to its plans.
Salaries for top banking and finance professionals in the Middle East have been slashed by as much as a quarter over the past year as an economic slowdown hit...
Egypt plans to issue between $3 billion and $7 billion worth of international bonds in the first quarter of the year, Finance Minister Mohammad Maait said...
Saudi Aramco will issue bonds which will probably be in the 10 billion range, Saudi Arabia’s energy minister said Sunday.
Qatar Investment Authority aims to raise investments in the United States to $45 billion in the next two years as it rebalances its portfolio of assets away...
Etihad Airways scrapped orders for Airbus SE jetliners and revealed plans to cut 50 pilot posts as the Gulf carrier seeks to slim down operations amid...
Nissan Motor Co. Ltd. has broadened its investigation into ousted chairman Carlos Ghosn to include dealings that took place in the United States, India and...
Saudi Arabia sold $7.5 billion of international bonds Wednesday in the first test for the kingdom after the death of Jamal Khashoggi.
Saudi Arabia Thursday awarded a contract to build a $500 million wind farm, a first for the world’s top oil exporter as it pushes to diversify its energy...
For Russian businesses, Cyprus just isn’t what it used to be.
Egypt’s inflation stayed within the central bank’s target range for a second month after the biggest monthly decline in at least over a decade.
Air France will suspend its flights to Saudi Arabia from Feb. 1 due to the route's poor economic performance, the company said Thursday.
Etihad Airways plans to cut 50 pilot jobs by end of this month after a significant loss last year, two sources who have seen an internal memo by the airline...
Iranian Oil Minister Bijan Zanganeh said Thursday U.S. sanctions against his country were "fully illegal" and Tehran would not comply with them.
The Turkish central bank’s bigger-than-expected profit in 2018 will be used to boost the government’s cash buffers and improve the flow of liquidity in the...
Top oil exporter Saudi Arabia announced a slight rise in its crude oil reserves Wednesday after they were independently audited, providing more detail about...
A crackdown on corruption in Saudi Arabia has severely dented the kingdom’s private jet industry in a sign of the impact the campaign has had on private...