Friday 26 April 2024
 
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$150m deals signed at women’s congress in Bahrain

Investment 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

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EU envoys agree to slap oil embargo on Iran

European 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

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Assad agrees on reform measures

The 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

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Saudi petro firms in project co-operation deal

Two 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

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MGM Mirage, Dubai reach deal on CityCenter

MGM 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

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Iraq agrees to truce with Sadr militia

Iraq'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

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Aldar signs $600m Islamic loan facility

Aldar 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

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Turkey, EU agree site for key gas pipeline

Turkey 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

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