Business / Middle East Business

GCC power grid prevents outages 23 Sep 2014 - 06:30 am

DOHA: Ever since its inception in 2009, the GCC power grid has helped prevent more than a thousand power outages in the region,...

Abu Dhabi bourse in talks over four potential IPOs 23 Sep 2014 - 12:27 am

DUBAI: Abu Dhabi Securities Exchange (ADX) is in discussions with four companies about listing on the index, with two potentially taking place before...

Dubai property prices show signs of cooling 22 Sep 2014 - 08:19 am

DUBAI: Dubai’s booming property market is showing signs that it may be cooling off, industry data showed yesterday, after two years of soaring...

Etihad Airways on track to raise $2bn in loans this year 19 Sep 2014 - 04:16 am

ABU DHABI: Abu Dhabi’s Etihad Airways is on track to raise about $2bn in loans this year to fund its equity investments around...

Egypt raises $8.5bn for Suez Canal plans 17 Sep 2014 - 01:24 am

CAIRO: Egypt has raised the $8.5bn it needs to fund a project to expand the Suez Canal in just eight days, the central...

Goldman Sachs launches $500m, five-year sukuk 17 Sep 2014 - 01:17 am

DUBAI: Goldman Sachs has launched a $500m, five-year debut Islamic bond offer that will price later on Tuesday, with pricing at the tight...

Dubai’s Emaar first tranche of malls IPO already covered 16 Sep 2014 - 12:59 am

DUBAI: Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls...

Gulf Air to launch Kuwait-Istanbul flights 16 Sep 2014 - 12:44 am

Manama: Gulf Air, the national carrier of the Kingdom of Bahrain, which currently serves 38 destinations from Bahrain International Airport, announced it will...

DFM sees first flotation since 2009 13 Sep 2014 - 11:57 pm

DUBAI: Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market (DFM) on September 25 in the market’s...

Britain plans first yuan bond outside China 13 Sep 2014 - 11:54 pm

LONDON: Britain said it would be the first country outside China to issue yuan-denominated bonds, as London seeks to become a Western hub...

GCC fertiliser industry strengthening food security 11 Sep 2014 - 12:49 am

Doha: The GCC’s export-oriented fertiliser industry is set to play a key role in fortifying global food security, says a new report by...

Massive demand for Sharjah’s debut sukuk 11 Sep 2014 - 12:48 am

DUBAI: The emirate of Sharjah attracted massive demand at its first international debt sale yesterday, drawing investor orders worth more than ten times...

Kuwait woos foreign investors by suspending offset scheme 10 Sep 2014 - 12:24 am

Kuwait’s Minister of Finance Anas Al Saleh speaks at the opening of the Euromoney Conference in Kuwait City yesterday. KUWAIT: Kuwait has suspended...

Opec pain threshold in view as oil dips 09 Sep 2014 - 12:53 am

LONDON/DUBAI: Oil’s slide below $100 a barrel yesterday brings prices closer to levels where more Opec countries face financial worries, prompting some in...

Sukuk issuance in Gulf region declines 09 Sep 2014 - 12:48 am

DOHA: Issuance of corporate and infrastructure sukuk (securities that conform with Islamic law) has trended downward this year in the Gulf region and...

Political unrest to hit HK economy: Moody’s 09 Sep 2014 - 12:43 am

HONG KONG: Ratings agency Moody’s warned yesterday prolonged discord in Hong Kong over China’s refusal to grant the key financial hub full democracy...

Tunisia seeking investors for $6.8bn projects 09 Sep 2014 - 12:43 am

GAMMARTH, Tunisia: Tunisia is seeking foreign investors for $6.82bn worth of infrastructure and development projects, as the government tries to prop up its...

UAE credit bureau starts issuing consumer data to banks 09 Sep 2014 - 12:41 am

ABU DHABI: A federal credit bureau in the United Arab Emirates has begun issuing credit information about consumers to banks and financial institutions...