Middle East Business News

When the federation was born on 2 December 1971, there was a good deal of uncertainty about its future...Pearls to petroleum The Gulf had been a British lake for 150 years. Britain had protected the local rulers from their more...

New York and the Standard & Poor’s 500 Index added 1.1 per cent. “The fallout from the Dubai situation and the overall contagion effect should be both short-lived and quite limited,” wrote Suki Mann, a credit strategist at Societe Generale...

The paper says the mother fell asleep as she fed the child in business class and that the flight was diverted to London's Heathrow Airport. Scotland Yard confirmed on Tuesday that a United Airlines flight was diverted to London after...

The Global village is the region's most popular open air family,cultural entertainment and shopping venue.The craftsmen and traders from around the world come and sell their wares.The festivities this year will run for 98 days from Nov 22, 2009 to...

California insurance companies that own stock in some multinational companies that operate in Iran soon may have to sell their holdings or face penalties. In June, Insurance Commissioner Steve Poizner, a Republican running for governor next year, ordered 1,300 California-licensed...

Central Bank Governor Riad Salameh told LBC television on Tuesday that Lebanon is unaffected by the financial crisis in the Arab and international markets, stressing that Dubai’s crisis will never affect Beirut. According to him, there is a $6 billion...

The announcement comes as a senior official at India's Reliance Industries, the largest private refiner in India, said Tuesday that the company has not sold gasoline to Iran since April. "We are not selling gasoline to Iran. We have a...

European shares are set for a flat open, following strong gains in the previous session as worries about Dubai's debt problems recede. Futures for the DJ Euro Stoxx 50 are up 0.1 per cent, German DAX futures are 0.04 per...