$150m deals signed at women’s congress in BahrainInvestment worth $150 million have been agreed on at the Femmes Chefs d'Entreprises Mondiales (FCEM) 63rd World Business Women's Congress in Bahrain. Held under the patronage of Her Royal Highness Princess Sabeeka bint Ibr More… |
EU envoys agree to slap oil embargo on IranEuropean Union ambassadors agreed on Monday to impose an embargo on Iranian oil imports, but decided to delay the full implemention of the ban until July 1, an EU diplomat said. Their agreement was the final step before EU foreign minister More… |
Assad agrees on reform measuresThe Arab League has agreed with President Bashar al-Assad on a series of measures to end months of bloodshed in Syria which will be presented to an Arab foreign ministers meeting in Cairo, said the League head on Saturday after a visit to Damascus More… |
Saudi petro firms in project co-operation dealTwo of Saudi Arabia's biggest petrochemical firms said on Saturday they have agreed to co-operate on the execution of projects to create synergies after the global economic slowdown hit their profitability. Under a memorandum of unders More… |
MGM Mirage, Dubai reach deal on CityCenterMGM Mirage and Dubai World have agreed to a set of terms that would ensure the completion of CityCenter, their jointly owned project on the Las Vegas Strip, said a Wall Street Journal report. Officials at MGM and Dubai World did not i More… |
Iraq agrees to truce with Sadr militiaIraq's government on Saturday agreed to a truce with the movement of Shi'ite cleric Moqtada Al-Sadr to halt weeks of fighting in eastern Baghdad between Shi'ite militia and security forces, officials said. The truce could end violence that More… |
Aldar signs $600m Islamic loan facilityAldar Properties, Abu Dhabi's largest developer by market value, said on Monday it had agreed on a Dh2.2 billion ($599.1 million) Islamic lending facility from a group of United Arab Emirates (UAE) banks. State-controlled Aldar, which is s More… |
Turkey, EU agree site for key gas pipelineTurkey and the European Union have agreed on a site near Ankara for the start of the Nabucco pipeline, planned to carry natural gas to Europe, a high level Turkish energy ministry official said. The EU will provide financial support for th More… |