Middle East Business News

Volkswagen Settles US Emissions Lawsuit Just Before Trial

Case was dismissed on Friday on agreement by the parties, according to a copy of the filing Read more

GFH Shares Shine On DFM Before Stocks Go Ex-dividend

DIB rights acting as a dampener on local markets Read more

PNB Fraud Should Not Halt Corporate Lending, Assocham Says

Industry body says letters of credit and letters of undertaking allegedly misused by diamond traders are legitimate inst... Read more

Austria Seeks Bitcoin Rules Based On Gold, Derivatives Controls

Loeger is meeting his Portuguese counterpart Mario Centeno in Lisbon today and will raise the issue Read more

Cisco Says Most Network Gear Needed For 5G Is Ready Now And Can Cut Costs

Cisco said it is working with more than 20 network operators to offer next-generation 5G services Read more

Indian Equities To Seek Direction From Macro-data, Global Cues Next Week

Provisional figures from the stock exchanges showed that last week foreign institutional investors (FIIs) sold off scrip... Read more

New US Tax Law Brings Buffetts Firm $29b

The new law, greatly touted by President Donald Trump, lowered the tax rate paid by US corporations from 35% to 21% Read more

Taxi Companies Line Up To Overhaul Japans Staid Cab Sector

Japan’s taxi companies have seen little reason until now to innovate, shunning the upheaval seen across the industry e... Read more

Rise In US Oil Could Disrupt Output Cut Deal

Shutdown of an oilfield in Libya and positive comments from Saudi oil minister support oil prices Read more

Demand Patterns Will Remain Steady For Oil And Gas

Any change will be forced by government interventions or tech disruptions Read more

UAE Insurers Report Strong Results Supported By Gains In Underwriting Income

Last year most insurers reported major improvements in underwriting and technical profitability Read more

Despite Stock Slump, Central Bankers Eyeing Tighter Monetary Policy

Talk of tightening comes just weeks since a rout in stock markets led some to suggest central banks would have to hold b... Read more

Net Interest Income Growth Boosts Profitability Of UAE Lenders

Moodys expects credit growth to positively impact large lenders in 2018 Read more

Economic Rebound Supports UAE Bank Profitability

Top four banks gain from higher core income and business volumes Read more

Saudi Aramco Considers Buying Stake In Indian Refineries

Al Falih said Aramco had already signed an agreement to initiate talks for acquiring stake in the proposed Rs1.8-trillio... Read more