Kuwait City: Commercial Bank of Kuwait, the Gulf state’s fifth-largest lender by assets, has received regulatory approval to issue up to KD120m ($425.8m)...
Kuwait City: Commercial Bank of Kuwait, the Gulf state’s fifth-largest lender by assets, has received regulatory approval to issue up to KD120m ($425.8m)...
DUBAI: The financial market regulator of the United Arab Emirates said it would tighten supervision of the stock exchanges, after wild trading in...
H H Sheikh Mohammed bin Rashid Al Maktoum (second right), Prime Minister and Ruler of Dubai, looking at the mock-up of the “Mall...
DUBAI: Saudi Arabia’s Almarai, the Gulf’s largest dairy company, reported an 8.8 percent increase in second-quarter net profit yesterday as sales rose. Almarai...
CAIRO: Billionaire Naguib Sawiris’ second bid for a stake in Egypt’s biggest investment bank EFG Hermes hung in the balance yesterday as shareholders...
Workers are seen next to pipelines at the Zueitina oil terminal. TRIPOLI: Libya plans to resume exports from the major eastern Ras Lanuf...
TEHRAN: A US company has signed a preliminary agreement to invest $1.18bn (€864m) in Iran, in a rare joint commercial project to turn...
DUBAI: Dubai is launching a project to build an entertainment and hotel district that will include the world’s largest shopping mall, the emirate’s...
DUBAI: When the Kenyan government issued a debut $2bn Eurobond last month, most of the lead arrangers were top Western and African banks....
DUBAI: Saudi Arabia’s economic growth eased to an annual rate of 4.7 percent in the first three months of 2014 as labour market...
CAIRO: Egypt is targeting economic growth of between 4 and 5.8 percent within the next three years while holding the budget deficit at...
DUBAI: Dubai mortgage lender Amlak has made a new proposal to creditors to restructure and extend repayments of about $2.7bn of debt, aiming...
ISTANBUL: Turkey’s Kiler Holding has signed a memorandum of understanding (MoU) with Qatar-based Al Rayyan to open and operate Kiler supermarkets in Doha,...
LONDON: Iran’s crude oil exports dropped in June after a spike in May, yet sales were still above the level allowed by an...
CAIRO: Egypt’s president approved a law yesterday imposing a new 10 percent tax on capital gains and stock dividends as the country seeks...
A Kuwaiti man holds the sixth edition of a 20 Kuwaiti Dinar bill, that was recently put into circulation by the Central Bank,...
DUBAI: Abu Dhabi investment firm Waha Capital said yesterday it had bought a 20.56 percent stake in Dubai-based oilfield services firm National Petroleum...
Doha: Nebras Power has announced that it has entered into an agreement to acquire significant shares in a 52.5 MW solar power plant...
