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Dec. 9 (Bloomberg) -- InterContinental Hotels Group Plc , the U.K.-based owner of the Holiday Inn brand, plans to open 18 hotels in Saudi Arabia during the next five years to tap rising demand for lodging in the Arab world’s biggest economy.
Dec. 9 (Bloomberg) -- Dubai shares tumbled for a third day, erasing all of this year’s gains, as Dubai World planned asset sales and Moody’s Investors Service downgraded six Dubai entities.
Dec. 9 (Bloomberg) -- Standard Chartered Plc , the U.K. bank that gets most of its profit in emerging markets, said exposure to Dubai won’t lead to any “material” impairment charges.
CAIRO — Saudi Arabia 's oil minister said Saturday that current global oil prices are "perfect," as several key Arab OPEC members indicated the group was unlikely to change output levels when it meets later this month.
The Iraqi economy is mired in old patterns: Most paying jobs are with the government, which is dependent on oil for revenue. Iraqi entrepreneurs say red tape and corruption make it difficult to start a private business; one economist argues the economy is on the brink of collapse.
Saudi Arabia's oil minister said current global oil prices are "perfect," as several key OPEC members indicated the group was unlikely to change output levels when it meets later this month.
Dec. 9 (Bloomberg) -- Standard Chartered Plc , the U.K. bank that gets most of its profit in emerging markets, said exposure to Dubai won’t lead to any “material” impairment charges.
Saudi Arabia's oil minister said current global oil prices are "perfect," as several key OPEC members indicated the group was unlikely to change output levels when it meets later this month.
U.S.-allied Arab governments in the Middle East are flouting human rights through violations including torture, extra-judicial killings and repressive laws, an Egyptian human rights group said Tuesday.
Muslims living in Germany don't believe a Swiss-like minaret ban is possible here, but they say they feel threatened by growing Islamophobia. "I was made a Turk," says Burhan Kesici, the vice president of the Islamic Federation Berlin, a group that represents 12 Muslim congregations in this city.
Dec. 8 (Bloomberg) -- Dubai shares tumbled, erasing almost all of this year’s gains, on investor concern that Dubai World is struggling to restructure debt.
Dec. 8 (Bloomberg) -- Dubai shares tumbled, erasing almost all of this year’s gains, on investor concern that Dubai World is struggling to restructure debt.
Dec. 8 (Bloomberg) -- Dubai shares tumbled, erasing almost all of this year’s gains, on investor concern that Dubai World is struggling to restructure debt.
Allegations that scientists manipulated climate-change data to support claims of global warming unsettles the agenda in Denmark, Saudi officials said.
NAIROBI, Kenya - Somali pirates seized a tanker carrying crude oil from Saudi Arabia to the United States in the increasingly dangerous waters off East Africa, an official said Monday, an attack that could pose a huge environmental or security threat to the region.
CAIRO - Saudi Arabia's oil minister said current global oil prices are "perfect," as several key OPEC members indicated the group was unlikely to change output levels when it meets later this month.
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