DUBAI: Some Middle East bourses rose yesterday, clawing back part of their early-week losses as bargain hunters bought back bluechip stocks, although trading...
DUBAI: Some Middle East bourses rose yesterday, clawing back part of their early-week losses as bargain hunters bought back bluechip stocks, although trading...
DUBAI: Abu Dhabi’s Shuweihat 2 (S2) power and water plant has mandated six banks to help arrange a potential bond issue, lead arrangers...
ABU DHABI: Investment firm Dubai Group has sold its credit card business to Abu Dhabi lender First Gulf Bank (FGB) for $164m, the...
DUBAI: Dubai Holding, the conglomerate owned by the ruler of Dubai, has hired Citigroup to advise on a potential sale of its remaining...
RIYADH/Al KHOBAR: Saudi-based developer ACWA Power expects to retain a commission to build a 1,800 megawatt power plant for Saudi Electricity Co despite...
DUBAI: Virgin Mobile Middle East & Africa (VMMEA) is one of three companies to win a virtual telecom licence in Saudi Arabia, the...
DUBAI: Dubai builder Arabtec, part-owned by Abu Dhabi state fund Aabar, has extended the subscription period for its $650m rights share issue, the...
TEHRAN: The Iranian rial has strengthened by more than 15 percent against the dollar since the victory of moderate Hassan Rowhani who was...
PARIS: Lockheed Martin Corp, already the biggest US weapons maker and largest provider of IT services to the US government, wants to become...
LONDON: Abu Dhabi’s Al Noor Hospitals listed in London yesterday, valuing the company at £672m ($1.04bn), as it looks to take advantage of...
ISTANBUL: , The Turkish lira traded near record lows while bonds weakened in thin volumes yesterday, as investors monitored the central bank’s response...
DUBAI: The Iranian currency, the rial, rose further yesterday on hopes the country’s deep economic crisis could ease under its next president, a...
ABU DHABI: A potential merger between the two main stock exchanges of Dubai and Abu Dhabi would have “many advantages” for the country’s...
ABU DHABI/DUBAI: When British banker Michael Tomalin took the top job at National Bank of Abu Dhabi in 1999, the lender had about...
ISTANBUL: Turkey’s central bank kept interest rates on hold yesterday but said capital inflows had fallen and hinted it could act again to...
DUBAI: Kuwait mobile operator Zain will make acquisitions and partnerships in computer-based industries this year to exploit rising demand for data and help...
DUBAI: Saudi International Petrochemical Co (Sipchem) has picked HSBC Holdings to advise on the firm’s proposed merger with Sahara Petrochemical, three banking sources...
DUBAI: Oman should consider fiscal reforms as a priority because continued growth in public spending may be unsustainable in the long run, its...
