Bulgaria

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.
  • Sofia, Bulgaria -- Ancient rock art, a patron saint and a monk will be emblazoned on euro coins from Thursday, when Bulgaria joins the single currency. The motifs are already on the lev, the currency Bulgaria adopted 1881 and which is named after an archaic word meaning "lion". Rider of...
  • Eyeing early release, prison inmates produce Bulgaria’s coveted dairy products

    Smolyan, Bulgaria -- At a prison nestled deep in Bulgaria's southern Rhodope mountains, Georgi Filyanov stirs a large tank of curdling milk to make traditional feta-like cheese in the facility's dairy operation. Filyanov is the latest success story to emerge from the dairy located inside Smolyan prison, where about 15 selected...
  • US offers $5 million reward for Bulgarian ‘cryptoqueen’

    SOFIA, Bulgaria -- The United States announced Wednesday a reward of up to $5 million for information that could lead to the arrest of fugitive Bulgarian-born "cryptoqueen" Ruja Ignatova. The US ambassador to Bulgaria, Kenneth Merten, said Ignatova is wanted in the United States and Germany "for her participation in one...
  • Azerbaijan clears key hurdle to host UN climate summit in 2024

    Dubai, UAE -- Petro-state Azerbaijan has cleared a key hurdle to host next year's UN climate summit despite the controversy over COP28 taking place in the oil-rich United Arab Emirates. Armenia said Thursday it was dropping its rival bid for COP29 as it tries to normalize relations with its neighbor after...
  • EDGE partners with Bulgarian firms

    It expects to fulfill growth plan through the partnerships.
  • Red Cross warns death toll may surge as 10,000 missing in Libya floods

    The death toll from freak floods in eastern Libya is expected to soar dramatically, with 10,000 people reported missing, the Red Cross warned. Officials in Libya have said at least 150 people were killed in the sudden flooding on Sunday afternoon after storm Daniel swept the Mediterranean, lashing Bulgaria, Greece...
  • stc Group begins work in Europe

    stc’s subsidiary TAWAL buys assets in eastern Europe.
  • e& H1 net profit $1.27bn

    The company's second quarter net profit increased 4% year on year.
  • In spite of US sanctions, Iran’s crude oil exports break five-year record

    Tehran, Iran-- In spite of the US sanctions against the Islamic Republic, Iran has seen a huge surge in the export of crude oil in 2023 to China, Syria, Venezuela, according to reports. According to media reports, Iranian crude shipments continued to rise in 2023 with higher shipments to China,...
  • Ministerial meet discusses formation of Saudi-Bulgaria committee

    Riyadh, Saudi Arabia---Saudi Arabia and Bulgaria have discussed ways to boost bilateral cooperation and develop the economic sectors between the two countries. The two discussed these issues during a meeting between Minister of Economy and Planning Faisal bin Fadel Al-Ibrahim and the Bulgarian Minister of Economy and Industry Nikola Stoyanov...
  • Tweet sparks Musk fever in EU’s poorest corner

    The Tesla, SpaceX and now Twitter boss -- who is not immune to bouts of online whimsy -- recently commented on an image of the towering Belogradchik Rocks in northwestern Bulgaria under menacing clouds.
  • Europe revives Syria phosphate imports, profiting Russian firm

    Syrian phosphates used for fertiliser are being exported to Europe in bulk, benefitting a Russian firm and the sanctions-hit Damascus regime, a report said Thursday. Italy, Bulgaria, Spain and Poland are among the EU states receiving Syrian phosphates, according to the report by a consortium of investigative journalists led by...
  • European Union shores up defense against Russia energy threats

    European Union ministers met Monday to respond to Russia cutting gas supplies to Poland and Bulgaria -- and discuss plans for a possible oil embargo to punish Moscow for invading Ukraine. The energy ministers from the 27 member states were coordinating efforts to counter what Brussels has branded the Kremlin's...
  • Turkey spots another mine floating off its coast

    Turkey on Monday said a second mine which could have come from Ukraine was discovered off its coast near Bulgaria, adding that experts had been sent to defuse it.
  • Foreign shoppers swarm Turkey after lira crash, rush likely to increase

    Local traders say that the number of foreign shoppers has risen four to fivefold. Turkey's lira has crashed after Erdogan pushed the central bank to slash interest rates in fervently-held belief that this will finally cure Turkey's chronic inflation problem.
  • Al Dahra opens five animal feed plants

    The plants are located in Serbia, Romania and Bulgaria.