DUBAI: Bank of America Merrill Lynch raised its assessment of Qatar’s stock market to overweight from neutral, and cut the United Arab Emirates...
DUBAI: Bank of America Merrill Lynch raised its assessment of Qatar’s stock market to overweight from neutral, and cut the United Arab Emirates...
DUBAI: The United Arab Emirates is succeeding in strengthening its state finances by restraining spending, and managed last year to reduce the oil...
DUBAI: A statement on foreign exchange policy by Qatar’s Central Bank governor has struck a nerve in financial markets across the Gulf, reminding...
DUBAI: Oman needs to contain state spending and raise non-oil revenue in the medium term to keep its fiscal balance sustainable, the International...
KUWAIT CITY: Kuwait invited bids yesterday to build a solar farm to produce 70 megawatts of electricity by 2016, the first phase of...
DUBAI: New car sales in the United Arab Emirates are likely to jump above the peak achieved in 2008 before the global credit...
CAIRO: Egypt’s central bank said it had suspended its deposit auction yesterday and would hold a repurchase agreement (repo) auction in its place,...
DUBAI: Annual inflation in Yemen surged to 14 percent in April, the highest level since February 2012, fuelled by rises in the prices...
KHARTOUM: Sudan’s currency has fallen close to a record low against the dollar on the black market since Khartoum threatened to halt cross-border...
DUBAI: Dubai’s ruler yesterday pressed for the Gulf emirate to be given the right to host the 2020 Universal Exposition, as the Paris-based...
DUBAI: Economic Zones World (EZW), a unit of government-owned conglomerate Dubai World, has sold its British-based logistics firm Gazeley to Brookfield Asset Management,...
JUBA: South Sudan continues to pump oil to Sudan despite a threat from its neighbour to stop cross-border flows in a row over...
DUBAI: Bahrain has picked four banks to arrange investor meetings ahead of a potential sovereign bond issue, a document from lead managers said...
DUBAI: Investment firm Dubai Group’s assets are worth just a fifth of its $10bn of debt, sources involved in its restructuring said, signalling...
DUBAI: Yemen’s central bank exceeded the legal limit on how much it may lend to the government by 347.9bn rials ($1.6bn) last year,...
DUBAI: Investment Corp of Dubai (ICD), the holding company for some of the emirate’s best-known companies, has signed an upsized $2.55bn, five-year loan...
ABU DHABI: US lender Citigroup will leave the interbank interest rate setting panel in the United Arab Emirates on June 25, reducing the...
NEW DELHI: Top oil exporter Saudi Arabia is selling more crude to India in July as two refiners have asked for additional cargoes, ...
