"By becoming part of the Amazon family, we'll be able to vastly expand our delivery capabilities and customer selection much faster, as well as continue Amazon's great track record of empowering sellers," said Souq.com's co-founder, Syrian-born entrepreneur Ronaldo Mouchawar.
When OPEC in November joined with several non-OPEC producers to agree to a historic cut in output, the group called time on a fight for market share that drove oil prices to a 12-year low and many shale producers to the wall.
The Press Trust of India(PTI) has named veteran journalist Vijay Joshi, who has spent three decades covering Asia and the Middle East, as the news agency's Editor-in-Chief.
Iran today rejected a warning from President Donald Trump over its latest missile test as unfounded and "provocative", reflecting growing tensions between Tehran and the new US administration.
The higher Asian refining margins have beat back concerns that profits would fall as crude oil prices gained as the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers began to implement their agreed production cuts from January to reduce global oversupply.
Tata Motors and Castrol today inked a three-year agreement under which the lubricants maker would supply commercial vehicle oils to the home grown auto major in over 50 markets including SAARC and ASEAN region, Middle East, Africa, Russia and Latin America.
According to a data released by HSBC's annual Expat Explorer Survey, the country improved from 6th place in 2015, in order to claim a position as one of the places expats most look to in order to build their careers.
A survey by Track2Realty in 2014, among NRIs, HNIs and other wealthy and influential investors, found that Singapore, Malaysia, New York, Sydney, UK (London) and the Middle East (Dubai), were the preferred destinations for R
Russian President Vladmir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel's first deal with non-OPEC Russia in 15 years.
Citi says in the week of 11/23/2016, bond funds continued to see a large outflow of USD 8.6 billion while equity funds had an inflow of USD 5.2 million. India continued to see USD 837 million of FII outflow.
Immelt said policies that result in tax reform and improvements in infrastructure could help GE be more productive domestically, but growing internationally through exports is also key to his company's growth.
Gold has been treated mostly as a currency in Islamic finance, limiting its use to spot transactions, while consumer demand for gold in the Middle East region has actually fallen in recent years.
Under the biggest agreement, a group led by Russian state oil major Rosneft said it would pay USD 12.9 billion for a controlling stake in both India's Essar Oil and port facilities that it owns.
Touching on Internet of Things (IoTs) services demand, he said "everything is going to get connected if not already connected home to cars, industrial environment and energy distribution among others."
According to the quarterly EY Global IPO Trends: 2016, the surge in IPO activity was largely being driven by higher investor confidence in the Indian economy and continuing regulatory reforms.
Credit Suisse has maintained its outperform rating on Larsen & Toubro on likely execution pick up, strong cash flows on peaking inventory, subsidiaries support and working capital with reasonable valuations. It has raised target price to Rs 1,925 (from Rs 1,825) per share and changed FY17-19 earnings per share by -1 percent to +2 percent.
The company, a wholly-owned subsidiary of Daimler AG, also plans to expand its product portfolio in the domestic market by bringing in a 16-tonne bus chassis next year.
The region's biggest oil consumer is also turning to gas and renewable energy, but these are long-term solutions.
In an interview to CNBC-TV18, Kedar Vaze, Group CEO of S H Kelkar & Company spoke about the Q1 performance and his outlook for the company.
The Ocean of the Churn by Sanjeev Sanyal discusses an urgent need to revisit the history of a vastly complex and populous region, the Indian ocean region.
The emerging markets food delivery specialist said it had become profitable in the Middle East after agreeing to a deal to merge its Hellofood business in Saudi Arabia with Saudi delivery firm Hungerstation.
S Krishnan, CFO of Welspun Corp, said that the company's order book is an indication of the road ahead. There are challenges and we will need to work on Americas and Middle East, he said.
The world's second-largest mobile operator confirmed its outlook for the full year on Friday, saying its European markets - which only returned to growth in the final quarter of 2015/2016 - were stable, with growth of 0.3 percent despite the impact of cuts in roaming charges.
Richfeel, which runs a chain of hair and scalp care clinics, plans to expand its network to 100 clinics and enter the West Asian market in the next two years.
Speaking to CNBC-TV18's MS Unnikrishnan, MD & CEO of Thermax said Brexit will have short-term ramifications.