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 Staff Reporter MUSCAT Telecom leader Omantel proposes to finance its acquisition of a minority stake in Kuwait’s Zain group through a bridge loan facility. This would...

MUSCAT The Sultanate’s national carrier Oman Air has signed a new codeshare agreement with Bahrain’s Gulf Air that sees the airlines’ combined frequencies between Bahrain...

RIYADH Saudi Arabia’s Cabinet has authorised the Minister of Energy, Industry and Mineral Resources, or his deputy, to discuss with the Chinese side a draft...

DUBAI Qatar’s government deposited nearly $7 billion in the local banking system during July to offset a pull-out of funds by banks, Qatari central bank...

LONDON Hotels in the Middle East reported negative results during July 2017, while hotels in Africa recorded growth across the three key performance metrics, according...

NEW DELHI In the context of massive accumulation of bad loans by state-run banks, India’s Cabinet on Wednesday gave an “in principle” approval for their...

DUBAI Saudi Arabia’s Public Investment Fund (PIF), its top sovereign wealth fund, has appointed Rashed Sharif as head of domestic investments, sources familiar with the...

BENGALURU Diversified miner Vedanta Resources said its quarterly core earnings rose about 48 per cent as zinc production at its Indian unit jumped. The company reported...

MUMBAI/SINGAPORE Reliance Industries’ annual naphtha exports will rise by 500,000 tonnes in the current financial year as it switches to ethane at its petrochemical projects,...

SHANGHAI The Hong Kong-listed arm of China’s second-largest telecoms carrier Unicom plans to raise up to $11.3 billion by selling shares to its parent firm,...