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: 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...
DUBAI: Dubai Aerospace Enterprise (DAE), owner of US-based engine repair and maintenance business StandardAero, said yesterday it was no longer in talks with...
DUBAI: Qatar’s one-year currency forwards jumped to a three-year high yesterday and yields rose at a weakly-supported debt auction as foreign investors responded...
ISTANBUL: Turkey’s lira tumbled to a new low yesterday, under-performing other emerging markets as speculators tested the central bank’s resolve to defend it...
TRIPOLI: Libya’s patience with protesters who have halted its onshore oil output is running out and action against them nearer, Prime Minister Ali...
KHOBAR: Saudi Arabian retailer Fawaz Abdulaziz Alhokair plans to open nearly 250 stores at home and abroad this financial year, a top executive...
ABU DHABI: A Syrian purchasing agency has cancelled an urgent tender to buy 135,000 tonnes of white rice, the third state food tender...
ISTANBUL: Turkey’s central bank suggested yesterday that more surprises lay ahead in its unorthodox efforts to manage a weakening lira, pressured by concerns...
CAIRO: The Egyptian pound jumped 1.2 percent yesterday at a $1.3bn foreign currency sale — its biggest ever — as the central bank...
