DUBAI: Dubai International Financial Centre (DIFC) is on track to double in size over the next decade with companies from China and South-east...
DUBAI: Dubai International Financial Centre (DIFC) is on track to double in size over the next decade with companies from China and South-east...
DUBAI: Burgan Bank will open subscription for a KD102.6m ($352.5m) rights issue next Sunday it as looks to fund growth plans and boost...
DUBAI: Dubai’s Limitless will pledge its future revenues to service debt repayments as it attempts a second restructuring of a $1.2bn Islamic loan...
CAIRO: Egypt, facing its worst power crisis in decades, yesterday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened...
DUBAI: The government of the emirate of Abu Dhabi is looking at ways to reform its system of subsidies for electricity and water,...
DOHA: Growth in the GCC’s outstanding bonds was held back in the third quarter of 2014 (Q3, 2014) by weak non-financial sector issuance....
JEDDAH: Saudi Arabia should set up a sovereign wealth fund to protect itself from sliding oil prices by earning higher returns from its...
KUWAIT CITY: Kuwait yesterday awarded a contract worth KD1.4bn ($4.8bn) to a local company for the expansion of the country’s only international airport,...
DUBAI: Saudi Arabia’s No.2 telecommunications operator Mobily restated a year and a half of earnings due to accounting errors yesterday and posted a...
KUWAIT CITY: Kuwait and Saudi Arabia are locked in a new energy row, this time over a jointly operated offshore natural gas field...
KUWAIT: After pampering their citizens for decades with lavish cradle-to-grave welfare systems, some Gulf countries are edging towards cutting the benefits as the...
Amman: The unemployment rate in Jordan for the third quarter of 2014 stood at 11.4 percent, according to the Department of Statistics. It...
DUBAI: Saudi Arabia is still expected to chalk up the region’s biggest ever listing when National Commercial Bank’s SR22.5bn ($6bn) offering closes on...
The Emir of Kuwait, H H Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah Al Sabah (centre) addressing the opening of the third regular session of...
DUBAI: The chairman of Dubai’s biggest real estate developer, Emaar Properties, said he welcomed talk of a slowdown in the emirate’s property market...
DUBAI: Capital outflows from Gulf Arab states have totalled only about $780m since the US Federal Reserve unveiled its plan to wind down...
DUBAI: Iraq’s economy is likely to shrink 2.7 percent this year, the first contraction since the US-led invasion in 2003, after Islamic State...
A street musician plays his instrument outside a Eurobank branch in central Athens yesterday. Greek bank deposits rose in September for the seventh...
