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Zim bail-out approved by narrow vote
Shareholders in the owner of one of the world’s fastest-growing shipping lines came within a handful of votes of rejecting the plan for the company, voting figures from a meeting show
Iraq oil deal puts pressure on Opec
ExxonMobil and Royal Dutch Shell, the two biggest western oil companies, won the right to develop Iraq’s giant West Qurna oilfield, raising the prospect of a big jump in Iraqi oil supplies
Investment banks breathe again
Clear winners and losers are emerging as business begins to return for financial houses in the Middle East after a year of property crashes and financial upheaval
Dubai signals a rocky recovery
As the economy shows signs of a tentative return to a healthier condition, shares have rallied but remain volatile in one of the Middle East’s most turbulent markets
Saudi Arabia set to reform commercial courts
The kingdom has been slow to modernise its legal system but changes promised for next year should bring more certainty to the course of business in the kingdom
Moody’s downgrades Dubai companies
The credit rating agency has downgraded five Dubai government-related issuers, citing the tighter conditions under which financial support is likely to be extended
Saad chief in fight to have US case dismissed
Maan al Sanea says his rancorous battle with fellow conglomerate Ahab, which has accused him of fraud, has ‘no business’ being heard in New York and should be fought in Saudi Arabia instead
Middle East begins to rebuild
This time a year ago, the party that the global construction industry had enjoyed in the Middle East looked to be well and truly over.
Dragon Oil agrees £1bn Dubai buy-out
Dragon Oil has agreed to become a full subsidiary of Emirates National Oil Company in a deal worth £1bn
Abu Dhabi aims to shake up school system
The emirate wants radical change at all age levels, including teaching some subjects in English, but its plans are being communicated poorly to teachers and parents
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