Business / Middle East Business

Damac launches sukuk at tight end of guidance 03 Apr 2014 - 08:24 am

DUBAI: Dubai’s Damac Real Estate launched its five-year, $650m sukuk issue yesterday at midswaps plus 310 basis points, at the tight end of...

UAE extends gains; Egypt rebounds 02 Apr 2014 - 01:13 am

DUBAI: Financial and property stocks lifted bourse in the United Arab Emirates yesterday, while Egypt rebounded after three days of heavy profit-taking. Dubai’s...

Burgan Bank to raise capital this year: CEO 01 Apr 2014 - 12:17 am

KUWAIT: Kuwait’s Burgan Bank wants to raise more capital this year to comply with the Basel III banking industry regulations while any acquisitions...

Turkish economy up 4pc last year, despite turmoil 31 Mar 2014 - 11:56 pm

ISTANBUL: The Turkish economy grew by 4 percent last year, official data showed yesterday, after an unexpectedly firm fourth quarter, but analysts warned...

‘GCC maintains export growth’ 31 Mar 2014 - 12:30 am

Doha: The Minister of Energy and Industry, H E Dr Mohammed bin Saleh Al Sada, confirmed that the member states of the Gulf...

Iran plans to hike petrol imports 28 Mar 2014 - 08:00 am

ANKARA: Iran aims to increase its petrol imports over the next year, a senior Iranian oil official said yesterday, as the country has...

Etihad to raise $2bn for buys 27 Mar 2014 - 08:03 am

ABU DHABI: Etihad Airways plans to raise $2bn to pay for aircraft deliveries this year, the Abu Dhabi-based airline said yesterday after road...

Orpic awards two deals for plastics complex 27 Mar 2014 - 07:59 am

MUSCAT: State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) said it had awarded two contracts for construction of a $3.6bn plastics production...

Egypt mulls trade zone with Russia 27 Mar 2014 - 07:40 am

MOSCOW: Egypt has resumed talks about the creation of a free trade zone with the customs union of Russia, Belarus and Kazakhstan, Egyptian...

Amlak suspension to be lifted 25 Mar 2014 - 09:03 am

ABU DHABI: The shares of indebted mortgage lender Amlak will resume trading on the Dubai bourse in the second half of this year,...

Emirates Reit sets IPO range 24 Mar 2014 - 10:37 am

DUBAI: Dubai-based real estate investment trust Emirates Reit said yesterday that it set the price range for its initial public offer of shares...

Emirates Reit sets IPO range 24 Mar 2014 - 10:36 am

DUBAI: Dubai-based real estate investment trust Emirates Reit said yesterday that it set the price range for its initial public offer of shares...

DP World’s annual revenue, volumes fall 20 Mar 2014 - 10:41 pm

DUBAI: Dubai-owned port operator DP World said domestic capacity constraints and tough market conditions were to blame after it reported declines in annual...

Kuwait may delay company rules 20 Mar 2014 - 10:39 pm

KUWAIT: Kuwait’s market watchdog may extend a year-end deadline for listed companies to comply with new corporate governance rules if it finds there...

Oman to privatise more firms 20 Mar 2014 - 10:36 pm

MUSCAT: Oman is likely to privatise one more state company this year, after offering a minority stake in telecommunications operator Omantel, Minister for...

Innovation key for chemicals industry in GCC 20 Mar 2014 - 08:54 am

Doha: Mohammed Al Mady, Chairman of Gulf Petrochemicals and Chemicals Association (GPCA) and Vice President and CEO, SABIC, highlighted the importance of innovation...

Emaar plans Dubai, London listing for unit 19 Mar 2014 - 11:24 am

DUBAI: Dubai’s Emaar Properties plans to list its shopping malls and retail unit in both Dubai and London, the company’s chairman Mohamed Alabbar...

Agency 222 wins big at Lynx Awards 18 Mar 2014 - 08:06 am

Doha: Celebrating the best of creative advertising, marketing and design in the Mena (Middle East and North Africa) region, Agency 222 won five...