DUBAI: Bahrain Telecom-munications Co (Batelco) posted a 22.4 percent drop in second-quarter profit yesterday, according to calculations, hurt by continued intense competition in...
DUBAI: Bahrain Telecom-munications Co (Batelco) posted a 22.4 percent drop in second-quarter profit yesterday, according to calculations, hurt by continued intense competition in...
DUBAI: Dubai construction company Arabtec’s former boss has sold about $4m worth of shares in the group this week, cutting his stake slightly,...
NEW DELHI: Jet Airways, India’s second-biggest carrier, forecast yesterday a return to profit in three years through cost-cuts, route-sharing with new partner Etihad...
CAIRO: Egypt’s Commercial International Bank, the country’s biggest listed bank, posted a 31 percent rise in net income in the first half of...
A broker monitors stock prices on a screen in Riyadh. RIYADH/DUBAI: Saudi Arabia plans to open its stock market, the Arab world’s biggest,...
LONDON: Index compiler MSCI will consult with investors about adding Saudi Arabia to its broader stock indices and could make a decision to...
General Secretary of Bahrain's main opposition party Al Wefaq, Sheikh Ali Salman holding a banner with photo of Shi'ite scholar, Sheikh Hasan Najaty,...
DUBAI: Middle Eastern pay-television operator OSN is the subject of a full takeover bid from an unnamed buyer, its parent company said yesterday,...
ABU DHABI: Abu Dhabi Islamic Bank (ADIB), the largest Shariah-compliant lender in the emirate, beat analysts’ estimates yesterday as it posted a 22.5...
MUSCAT: An Omani sovereign wealth fund and other shareholders in Bulgaria’s Corporate Commercial Bank are seeking to stabilise the troubled lender and hope...
DUBAI: Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemicals groups and the Gulf’s largest listed company, reported a 7 percent...
DUBAI: Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al Khodari Sons Co reported a 68.8 percent slump in second-quarter net profit yesterday,...
Saudi Arabia’s Commerce and Industry Minister Tawfig bin Fouzan Al Rabiah (left) and Russia’s Economic Development Minister Alexei Ulyukaev at the G20 Trade...
DUBAI: Bank Muscat, Oman’s largest lender, posted a 22.3 percent increase in its second-quarter net profit, beating analysts’ estimates as it booked a...
SOFIA: Bulgarian finance ministry officials held talks yesterday with Oman’s sovereign wealth fund on the chances of recapitalising the fourth-largest Bulgarian bank, CCB,...
NICOSIA: The Cyprus Central Bank said yesterday it had taken control of the local operation of FBME bank after Washington accused it of...
DUBAI/ABU DHABI: United Arab Emirates-based private equity firms Ithmar Capital and Gulf Capital are looking to sell shares to the public as they...
DUBAI: The United Arab Emirates’ Ministry of Economy has published new rules allowing firms in the Gulf Arab state to use existing shares...
