DUBAI: Saudi Arabia’s Mobily will start leasing its mobile phone network to a new operator to launch a rival service in the first...
DUBAI: Saudi Arabia’s Mobily will start leasing its mobile phone network to a new operator to launch a rival service in the first...
ABU DHABI: Abu Dhabi’s residential real estate market rebounded strongly last year from a slump, helped by government intervention, a report by a...
ABU DHABI: Abu Dhabi Commercial Bank (ADCB), the UAE’s third largest lender by market value, posted a 40 percent rise in fourth-quarter net...
TRIPOLI: Libya will list by March its first real estate investment fund compliant with Islamic law, one of the arrangers said yesterday, seeking...
TRIPOLI: Libya will list by March its first real estate investment fund compliant with Islamic law, one of the arrangers said yesterday, seeking...
AMMAN: Jordan’s largest lender, Arab Bank Group, posted a 43 percent rise in net profit to $501.9m last year on higher revenues, with...
DOHA: Strongly supported by Qatar and Saudi Arabia, Credit Suisse expects the Gulf region to post another year of solid gains on improving...
DAVOS, Switzerland: Iran will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of...
ANKARA: The beleaguered Turkish lira recovered from all-time lows yesterday after the central bank intervened directly in foreign exchange markets for the first...
DAVOS, Switzerland: Dubai retailer Majid Al Futtaim, which holds the Carrefour franchise in the Middle East, plans to invest about $2.3bn in Egypt...
Doha: National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of $844m (KD238.1m) for the year 2013 compared with $1,082m...
DUBAI/ABU DHABI: Abu Dhabi’s Emirates Steel is in talks with banks for a $1.3bn loan to help refinance an existing facility and raise...
DUBAI: Oman’s Bank Sohar, currently in talks with rival lender Bank Dhofar over a possible merger, posted a 20.5 percent increase in fourth-quarter...
Muscat: Oman has seen the birth of its first Islamic insurance (takaful) firm as two others prepare to enter the market, hoping to...
ANKARA: Turkey’s currency sank to new record lows yesterday, pummelled by continuing political problems for the government of Prime Minister Recep Tayyip Erdogan....
A female security officer looks at an automatic machine gun made by Caracal, a United Arab Emirates weapon manufacturing company, displayed at the...
DUBAI: Dubai district cooling firm Empower bought Palm Utilities from a unit of Dubai World for $500m yesterday, part of a shuffle of...
RIYADH: Saudi Arabia, an Organisation of Petroleum Exporting Countries kingpin, is unconcerned by the US shale oil boom, Oil Minister Ali bin Ibrahim...
