MILAN: Etihad Airways is expected to finish examining Alitalia’s books within a month as it ponders whether to invest in the loss-making Italian...
MILAN: Etihad Airways is expected to finish examining Alitalia’s books within a month as it ponders whether to invest in the loss-making Italian...
DUBAI: The outlook for Egypt’s banking system is negative because of political instability and banks’ increasing exposure to the indebted government, Moody’s Investors...
LONDON: Oil exports from Iraq’s southern terminals have jumped by more than 300,000 barrels per day (bpd) so far in February, according to...
DUBAI: Arabtec Holding, Dubai’s largest listed construction firm, is in the advanced stages of talks to fully acquire a construction company in Kuwait’s...
DUBAI: Saudi Arabia’s Aujan Coca-Cola Beverages Company plans to spend $100m building a fruit-juice factory in Egypt over the next few years, a...
DUBAI: Abu Dhabi Commercial Bank has set final terms for a $750 million five-year bond, a document from lead arrangers said, as demand...
Paris: The extra costs which Islamic banks in the Gulf charge consumers relative to conventional banks appear to be falling, according to a...
DUBAI: Bahrain Telecomm- unications (Batelco) will take majority control of Kuwait’s Qualitynet after agreeing to double its stake in the Internet provider, Batelco...
KUWAIT CITY: Loss-making state-owned Kuwait Airways Co signed contracts with Airbus yesterday to buy 25 planes, its first order for new aircraft in...
DUBAI: Dubai has reached agreement on rolling over $10bn in debt extended by the central bank of the United Arab Emirates during the...
DUBAI: Wataniya, Kuwait’s No.2 telecom operator, reported a 46 percent jump in fourth-quarter profit yesterday. Wataniya made a net profit of KD18.4m ($65.3m)...
ABU DHABI: Abu Dhabi’s new financial free zone has hired a former executive from neighbouring Dubai’s financial centre to spearhead its growth. Jan...
TRIPOLI: Libya’s oil output was down at 375,000 barrels per day (bpd) yesterday with protests continuing to affect a pipeline from the major...
Shaikha Leena Abdul Aziz Elmashaan and Shaikha Mariam Ismaeel Jumaah Al Ansari jointly inaugurating Malabar Gold & Diamonds’ third outlet in Kuwait at...
DUBAI: Morgan Stanley named Patrick Delivanis as the head of investment banking in the Middle East and North Africa, a spokesman confirmed yesterday,...
DUBAI: Abu Dhabi-based Gulf Marine Services (GMS) said yesterday it intended to sell shares on the London Stock Exchange to fund its growth...
DUBAI: Budget carrier Air Arabia, the United Arab Emirates’ only publicly listed carrier, reported a 12 percent rise in fourth-quarter net profit yesterday...
DUBAI: Dubai’s Mashreq has increased the limit on foreign ownership of its shares to 49 percent, its chief executive said yesterday, in line...
