Russia eyes multi-million-dollar Saudi investment deals, Aramco IPO
Russia is seeking to finalize multi-million-dollar investment deals with Saudi Arabia in the next three months…
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China’s Uber rival Didi making a move in Middle East and North Africa
Chinese ride-hailing giant Didi Chuxing has announced plans to expand its business in the Middle East and North…
Coca-Cola profit fall by 60% on refranchising charge
U.S. drinks giant Coca-Cola reported a 60.2 percent fall in quarterly profit, as the beverage maker incurred a…
BP buys 10% stake in Egypt’s Zohr gas field for $375m
BP has agreed to acquire a 10% stake in Shorouk concession offshore Egypt from Eni, an Italian oil and gas company.…
Eni to start drilling 6th well in Egypt’s Zohr field with $4bn
Italian energy giant Eni is set to start drilling the sixth and last gas well in Egypt's Zohr field in the…
Asian shares recover after Apple, oil boost Wall Street
Asian shares recovered from two-month lows on Tuesday after a rebound in technology giant Apple Inc and oil price…
Saudi Aramco finalizes IPO options and plans global expansion
Saudi Arabia's state-owned oil giant Aramco is finalizing proposals for its partial privatization and will present…
China reverts to bad old ways to prop up economy
It was less than four months ago that China was sneezing and the rest of the world was catching a cold. Turmoil in…
Expenditure cost of Egypt’s supergiant gas field Zohr less than €12bn – Eni
The capital expenditure of the two phases of Egypt's giant gas field Zohr is estimated at less than €12 billion,…
Qatar, China in $6.4 billion battle for Australian freight giant- Reuters
Canada's Brookfield Asset Management (BAMa.TO) is planning a fresh $6.4 billion bid for Australian port and rail…
China shares slip as economic pulse sluggish
Chinese shares stumbled lower on Monday after an official measure of activity in the giant factory sector fell to…
Egypt’s giant dairy maker Juhayna to pump $77mn investments in 2016
Egypt's giant dairy maker Juhayna Food Industries eyes injecting investments estimated at 600 million Egyptian…
Dow Chemical, DuPont in talks to merge
Dow Chemical Co (DOW.N) and DuPont (DD.N) are in merger talks, creating a chemicals giant with a market value of…
Samsung Electronics appoints new smartphone head
Tech giant Samsung Electronics Co Ltd's long-time handset division chief is ceding day-to-day management of the…
Giant dairy maker Juhayna injects $294mn investments in 4 years
Egyptian Juhayna Food Industries has injected new investments worth 2.3 billion Egyptian pounds (US$293.7million)…
Saudi Binladin Group’s Egypt investments worth 1bn Egyptian pounds
Al- Khairat Real Estate Development Company, the Egyptian unit of Saudi construction giant Binladin Group, has…
Alibaba lobbies to stay off U.S. blacklist list for fakes
Chinese e-commerce giant Alibaba Group Holding Ltd is lobbying hard to stay off the U.S. Trade Representative's…
INTERVIEW: Bechtel seeks prominent role in Egypt’s infrastructure sector
Bechtel, the US construction giant, is currently focused on the oil & gas sector in Egypt, with interest in the…
Double happiness as panda gives birth to twins in U.S. hours apart
An artificially inseminated giant panda took U.S. zoo officials by surprise on Saturday when she gave birth to…
German Car Giant Invests $20m In Middle East Facilities
Volkswagen Middle East has reported record growth across its retail network with the opening of six showrooms and a…
Apple and Google may Join Dow Index
The Dow Jones Industrial Average stock index is due for an overhaul, and new-tech giants like Apple Inc and Google…