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JOHANNESBURG Mozambique’s long-delayed offshore gas project with Italy’s Eni could be approved within months, sources close to the deal said, sparking investments with the potential...

 Staff reporter MUSCAT Sukuk issuance from key markets in the first half of 2016 rose by 11per cent compared to the same period last year, according...

DUBAI The Middle East merger and acquisition (M&A) activity remained steady during the second quarter (Q2) of 2016, despite a drop of 33 per cent...

ABU DHABI The impact of a sub-dued oil market on economic growth in Abu Dhabi is showing in the emirate’s real estate market as job...

DUBAI HSBC Bank Middle East, a wholly-owned subsidiary of HSBC Holdings, said on Monday it was in discussions to sell its Lebanese business to Lebanon’s...

SAN FRANCISCO Yahoo has agreed to sell its core business to telecom giant Verizon for $4.8 billion, ending a 20-year run by the internet...

NEW DELHI/MILAN/LONDON Gail India is in talks with Russia’s Gazprom to delay and renegotiate a 20-year gas purchase deal undercut by low spot prices, sources...

NEW DELHI The Indian government has kick started the process to sell 15 per cent stake in NBCC and has invited merchant bankers to manage...

MUMBAI Global payments leader SWIFT on Monday said ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global...

NEW DELHI Indian Overseas Bank and Central Bank of India will benefit from the government’s recent capital infusion as they have got a higher share...