DUBAI: The United Arab Emirates’ financial market regulator has set new rules for Islamic and corporate bonds to encourage trading in them, and...
DUBAI: The United Arab Emirates’ financial market regulator has set new rules for Islamic and corporate bonds to encourage trading in them, and...
DUBAI: Etisalat, the Gulf’s No. 2 telecom operator by market value, reported an 11 percent rise in first-quarter profit yesterday as its revenue...
LONDON: Minority investors in Essar Energy have appealed to the Indian and British governments to intervene to head off a forced takeover by...
KUWAIT: Kuwait’s financial regulator issued new rules yesterday which will allow major shareholders to increase their ownership in listed companies without having to...
DUBAI: Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1bn loan, as well as...
DUBAI: Saudi Telecom Co (STC), the Gulf’s biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond...
VIVA CEO Ulaiyan Al Wataid (left) with British Telecom Vice President, Mena and Eastern Mediterranean Division, Wael El Kabbany (right) as Bahrain’s Minister...
DUBAI: A consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (APICORP) have agreed on a deal to acquire Dubai-based...
DUBAI: Dubai’s Emaar Properties reported a 55 percent rise in first-quarter net profit, as the region’s economic recovery brought consumers back to its...
CAIRO: Egyptian property developer SODIC swung to a net loss of 447.1m Egyptian pounds ($64m) last year, due to one-off items including a...
DUBAI: Abu Dhabi Commercial Bank reported a 15 percent increase in first-quarter net profit yesterday, beating analysts’ expectations, as the lender benefited from...
Kuwait: Kuwait Oil Company (KOC) said profits for 2013-14 fiscal year ending on March 31, amounted to KD1.13bn. KOC CEO Hashem Hashem said...
CAIRO: Egypt plans to double the price of natural gas piped into some homes and businesses from next month, but the move will...
TRIPOLI: Libya must slash its budget by a third and halt infrastructure funding to offset the loss of oil revenues due to a...
KUWAIT: Kuwait’s rising public spending and dependence on oil revenues are preventing sustainable economic development, the Gulf state’s central bank governor said, echoing...
DUBAI: Fawaz Abdulaziz Alhokair Co, the Saudi Arabian retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, reported...
DUBAI: Abu Dhabi Islamic Bank, the largest Shariah-compliant lender in the emirate, met analysts’ expectations as it posted a 20.4 percent rise in...
DUBAI: Saudi Basic Industries Corp (SABIC) reported a dip in its quarterly earnings yesterday as its chief executive said a shortage of natural...
