DUBAI/Al KHOBAR: Kuwait Oil Company (KOC) expects to produce far less heavy crude from the Ratqa field and less light oil from the...
DUBAI/Al KHOBAR: Kuwait Oil Company (KOC) expects to produce far less heavy crude from the Ratqa field and less light oil from the...
KUWAIT: Kuwait has decided not to build an oil export pipeline to bypass the Strait of Hormuz because it would be too difficult...
A money changer uses a machine to count Turkish liras in the border city of Hatay yesterday. ANKARA: Turkey’s central bank announced yesterday...
DUBAI: The United Arab Emirates central bank is expected to announce within one or two months rules restricting the amount of exposure which...
DUBAI: Just Falafel, a United Arab Emirates-based franchise restaurant offering the traditional Arab food, has hired an adviser to help arrange an initial...
DUBAI: Damac Properties, a privately held Dubai property developer, has hired two international investment banks to help arrange an initial public offering of...
DUBAI: Oman plans to sell a 19 percent stake in its biggest mobile telecom operator, raising around $595m to help the Gulf state...
DUBAI: Abu Dhabi’s Gulf Capital said yesterday it has hired an investment bank to advise it on a renewed attempt to issue shares...
DUBAI: GEMS Education, a Dubai-based schools operator, is seeking to raise about $500m to fund growth by selling a stake of up to...
DUBAI: Bank of London and The Middle East (BLME), Britain’s largest stand-alone Islamic bank, plans to seek a listing on the Nasdaq Dubai...
CAIRO: Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange for a more rapid repayment...
Dubai: United Arab Emirates banks’ exposure to government-related entities is at its highest level as a percentage of capital since the 1970s, and...
DUBAI: Egyptian private equity firm Citadel Capital has won clearance to ask shareholders to approve a capital increase, it said yesterday, a sign...
CAIRO: Egypt’s budget deficit soared in the last fiscal year as spending on interest rates and energy subsidies increased. Egypt’s budget deficit rose...
DUBAI: Net profit growth at commercial banks in the United Arab Emirates is expected to accelerate to about 20 percent in 2013, while...
ABU DHABI: Abu Dhabi government-owned Al Hilal Bank expects net profit growth of over 40 percent this year as it prepares to make...
DUBAI/ABU DHABI: First Gulf Bank (FGB), the United Arab Emirates’ third largest bank, is cutting about 300 jobs, equivalent to nearly 10 percent...
ISTANBUL: Turkey’s economy expanded more than expected in the second quarter, with strong domestic demand offsetting a huge trade shortfall, but ministers said...
