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Middle East handled economic crisis better than most - IMF

Business | Macro-economy and policy
2009-10-12

THE Middle East has weathered the global economic downturn better than other parts of the world because its energy exporters were able to tap billions of dollars in oil profits collected when prices were booming, the...

Obama, Netanyahu, Abbas to hold joint meeting

World
2009-9-20

US President Barack Obama will hold a trilateral meeting with Israeli and Palestinian leaders next week, said the White House yesterday. Presidential spokesman Robert Gibbs said in a statement that Obama would...

Opening of Burj Dubai delayed 'to December'

World
2009-7-14

THE Middle Eastern developer Emaar Properties building the world's tallest skyscraper has vowed to complete the tower by the end of the year, though the exact date remains uncertain. Abu Dhabi's The National...

QE2's new home looms

Business | Shipping and ports
2009-7-13

THE cash-strapped Dubai owner of the Queen Elizabeth 2 is weighing plans to open the British ocean liner as a floating hotel elsewhere in the Middle East or Africa rather than in the struggling Persian Gulf sheikdom. ...

Abu Dhabi firm eyes stake sale

Business | Securities
2009-6-3

A major Middle Eastern shareholder in Barclays Plc said yesterday that it intends to sell part of its stake, potentially taking a big profit on its seven-month investment. Barclays shares fell more than 13 percent...

Deal for Iraqi gas to flow to Europe

Business | Energy
2009-5-18

TWO European energy companies helping to build a pipeline to reduce the continent's dependence on Russian gas said yesterday that they will team with Middle Eastern producers to feed the route with Iraqi fuel. ...

IMF sees Mideast to expand slower

Business | Macro-economy and policy
2009-5-11

ECONOMIC growth in the Middle East and Central Asia could slow by more than half this year, but the region should still fare better than most others thanks to government intervention and stockpiles of oil wealth, the...

Palestinian PM resigns but Abbas asks him to continue

World
2009-3-8

PALESTINIAN Prime Minister Salam Fayyad said yesterday he intended to resign by the end of March in a move that could help unity talks between the rival Fatah and Hamas factions. But Palestinian President Mahmoud...

Donors pledge aid to rebuild Gaza, shun Hamas

World
2009-3-2

INTERNATIONAL donors began making aid pledges expected to exceed US$3 billion to the Palestinian Authority today mainly to rebuild Gaza, while shunning the territory's Hamas rulers. But the United Nations and...

Australia offers A$20 million for Gaza reconstruction

World
2009-3-1

THE Australian government announced today that it will offer 20 million Australian dollars (US$12.9 million) to reconstruct Gaza strip which was devastated by the Israeli and Palestinian conflict more than two months...