Middle East Business News

Oman plans to boost government spending by nine per cent next year as it seeks to revive the economy after the global economic crisis. Spending will rise to RO7.18 billion ($18.7 billion)Minister of National Economy and Deputy Chairman of the...

Jordan’s 2010 budget will focus on curbing the country’s soaring deficit to deal with the fiscal challenges needed to spur the economy to recover from the impact of the global downturn, the finance minister said on Friday. Bassem al-Salem said the...

Hakan Samuelsson, chief executive of German truck maker MAN SE since 2005, has resigned. Mr. Samuelsson, 58 years old, didn't provide any reason for the decision, but in a written statement Monday the Munich-based company said he was leaving immediately,...

Masdar City, a free zone in Abu Dhabi established recently for the research and development of renewable energy, has started patenting and exporting technologies, a top official said. Dr. Sultan Ahmed Al Jaber, Chief Executive Officer, Abu Dhabi Future Energy...

Bahrain's national carrier Gulf Air hopes to save almost $3 billion over five years as the struggling airline restructures to compete in the Gulf region's increasingly cutthroat aviation market, the company's chief executive said Monday. The airline, which is fully-owned...

Canadian National Railway Co., the Montr�al railroad operator, said late on Monday that after the company and the Teamsters union were unable to reach an agreement, it would raise wages and change the mileage caps for its union-represented locomotive engineers...

AWB oil-for-food scandal, a court has heard. Criminal charges over the affair may still be laid by the Australian Securities and Investments Commission, despite the inter-agency taskforce ruling them out, the Supreme Court was told yesterday. February and August 2007...