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Those affected by Standard Chartered's exit have an annual sales turnover of between $1 million and $35 million, it added.
11:16 GMT

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators

On 31 January 2011, Moody’s downgraded the government bond rating for Egypt from BA2 to BA1, and changed the outlook from stable to negative
04:55 GMT

International rating agency Moody’s has changed Egypt’s outlook from negative to stable, attributing the upgrade to the stabilised political and security situation.

October 20, 2014

 North America's shale boom has started to squeeze Saudi oil out of the US market,
23:21 GMT

Saudi crude exports fell in August for the fourth month in a row to their lowest levels in three years.

The two governments signed the neutral zone agreement almost 50 years ago.
04:55 GMT

A Kuwaiti oil trade union on Sunday condemned the unilateral closure by Saudi Arabia of an offshore oilfield jointly operated by the Arab neighbours

Average apartment and villa rental rates dropped by two per cent and three per cent respectively compared to second quarter figures.
04:55 GMT

Dubai’s real estate sector registered a slowdown in rents and sales prices during the third quarter of the year.

The two-week trip sets back each participant at least £9,000 ($14,333) and some as much as £25,000 including.
00:51 GMT

The train may carry more wealth than the annual economic output of some of the places it crosses.

Shiraz will become the airline's third Iranian destination supplementing existing operations to Tehran.
00:22 GMT

Gulf Air, the national carrier of Bahrain, yesterday (October 18) announced the relaunch of flights to Shiraz, the capital of Fars Province in Iran.

October 19, 2014

The company, which saw annual revenues of over $4.5 billion in 2013, employs 130,000 people and conducts operations across the Middle East, Africa, Asia and North Americ
23:08 GMT

CCC, one of the largest construction companies in the Middle East, was founded by Khoury in 1952 along with his cousin Hasib Sabbagh and Kamel Abdul-Rahman.

On receipt of the funds from refiners, the RBI would buy dollars from authorized dealers.
13:01 GMT

Indian refiners together owe about $6 billion to Iran.

 “To return iPad to high growth, form factor innovation will be required. We’ll have to wait until 2015 to see if Apple addresses this issue.”
12:49 GMT

Apple Inc’s faster, slimmer iPads come with modest improvements, such as a fingerprint sensor, but some analysts say it offers few other features to wow consumers ahead of a holiday shopping season

ICT experts downplayed the impact of Yahoo’s decision to close its office in Amman, but urged authorities to do more to make Jordan more attractive for international ICT companies.
12:18 GMT

They said the US Internet giant’s decision to shut down its office in Amman before the end of the year — thus terminating 80 jobs and relocating some staff — is part of Yahoo’s efforts to cut down costs in its international operations.

Four banks were also listed as being owned or controlled by the Syrian government and sanctioned.
12:08 GMT

he United States blacklisted Lebanese company DK Group for arranging to ship Syrian pound banknotes from Russia to the Syrian central bank, an allegation strongly denied by the company’s general manager.

“The main terminal is fairly lackluster. It isn’t overly clean, crowds can be a problem, and the services for travelers are in short supply."
12:02 GMT

An international website specializing in airport services has ranked King Abdul Aziz International Airport in Jeddah among the worst airports in the world with regard to services

Kuwait has boasted a budget surplus in each of the past 15 fiscal years, helping to increase its sovereign wealth fund to more than $500 billion, according to unofficial estimates.
04:55 GMT

Oil-rich Kuwait tripled the prices of diesel and kerosene on Wednesday, ending decades of heavy subsidies, while putting off a similar decision on electricity and water charges.

Citigroup announced that it intends to exit its consumer business in Egypt, along with its businesses in other 10 countries.
04:55 GMT

It said that these steps will focus on the markets that have the “greatest scale and growth potential”.