The consortium will buy 13 per cent of City Football Group, a UAE-based company that owns Manchester City, New York City Football Club, and Melbourne City Football Club. (Al Bawaba/File)
December 01, 2015 - 23:18 GMT
A Chinese consortium led by China Media Capital Holdings, or CMC is investing $400 million in the Abu Dhabi-based company that owns Manchester City Football club, the top-ranked English Premier League team.
December 01, 2015 - 23:06 GMT
Vitol, the largest company of its kind in the world, said it was working on a supply contract with the NOC that will guarantee the delivery of fuel, including the heavy oil needed to supply all of Libya's power plants and hospitals.
According to a company statement, Rolls-Royce follows the maxim: “Strive for perfection in everything you do. Take the best that exists and make it better. When it does not exist, design it. Accept nothing nearly right or good enough.” (Twitter)
December 01, 2015 - 22:21 GMT
Rolls-Royce Dawn, a new benchmark in open-top luxury motoring, made its debut appearance in Bahrain recently following its first public appearance at the Frankfurt International Motor Show.
A ship passes through Egypt's Suez Canal. Russia has limited fruit and vegetable imports from Turkey to 66 percent. (File photo)
December 01, 2015 - 16:05 GMT
As Russia works out the details of its economic sanctions against Turkey over the downed jet, Egypt looks to fill the trade gap.
A pair of Levis jeans, made in Egypt. (
December 01, 2015 - 15:42 GMT
Textiles and garments top Egypt's exports to the US, and have been hit the hardest by EgyptAir's decision to suspend shipping cargo on North America-bound commercial flights.
Preference is given to high tech companies to invest in Kuwait. (Google+)
December 01, 2015 - 14:24 GMT
Kuwait has made a number of changes to the taxation system to attract foreign investment, and Chinese companies are eyeing opportunities.
The SFD has signed over some $1.2B in projects for Jordan. (File photo)
December 01, 2015 - 11:46 GMT
Saudi grant to Jordan includes $65M for road rehabilitation, $100M for communities hosting Syrian refugees, and a $53.3M soft loan agreement.
Qatar Airways will continue to service Tokyo, and has launched several new routes around the world this year. (File photo)
December 01, 2015 - 10:45 GMT
In a rare move, Qatar Airways has announced suspension of its daily service between Doha and Osaka from March 31.
French President Francois Hollande speaks with UN Secretary General Ban Ki-moon during the World Climate Change Conference 2015 in Paris. (AFP/Philippe Wojazer)
December 01, 2015 - 09:45 GMT
As world leaders converge on Paris for COP 21, the spectre of the 1997 Kyoto Protocol still looms large.
Since Turkey has refused to issue an apology to Russian for downing the plane, Russia responded with economic sanctions. (File photo)
December 01, 2015 - 08:00 GMT
Turkish President Erdogan says he will resign if Russian accusations that Turkey is involved in oil trade with Daesh prove true.
According to Emirati energy company Dana Gas, the agreement was
November 30, 2015 - 21:18 GMT
Emirati energy company Dana Gas said it resolved a dispute with its German partners regarding joint-venture operations in the Kurdish north of Iraq.
Egypt imported oil from Iran prior to the 2012 sanctions. (Al Bawaba/File)
November 30, 2015 - 16:51 GMT
A senior oil official says Iran is ready to resume crude exports to Egypt which used to transport Iranian oil through the Suez Canal and internal pipelines before 2012 sanctions on Tehran dried them up.
The exemptions were made based on a court ruling regarding Banque Misr. (AFP/File)
November 30, 2015 - 16:29 GMT
A total of six banks were exempted from applying the maximum wage on their employees after the judicial ruling issued last week for employees of Banque Misr.
Saudi's Communications and Information Technology Commission found around 700 violations in a 12-month period. (Al Bawaba/File)
November 30, 2015 - 16:10 GMT
Saudi Arabia’s Communications and Information Technology Commission (CITC) has slapped a fine of SR552 million ($147 million) on several service providers for violating CITC rules and licence conditions during the 12 months ending mid-October.
Kingdom Tower is located in Jeddah's Economic City, which will include the largest mall in Saudi Arabia. (
November 30, 2015 - 12:00 GMT
Jeddah Economic Company, an affiliate of Prince Alwaleed's Kingdom Holdings, has secured $2.2B to complete the mixed-use Kingdom Tower by 2018.
SpiceJet operates 291 daily flights to 40 destinations, including 34 domestic and six international. (Rediff)
November 30, 2015 - 11:00 GMT
As SpiceJet plans more flights from India to Dubai, Gulf airlines want a slice of the budget airline market.