Workers at the Portland labour camp in an industrial area on the outskirts of Sharjah. Gulf nations have relied heavily on the supply...
Workers at the Portland labour camp in an industrial area on the outskirts of Sharjah. Gulf nations have relied heavily on the supply...
DUBAI: Volatility in US Treasury yields and a dip in investor appetite for emerging market credits could put a brake on new issuance...
An investor walks past electronic boards displaying stock information at the ADX Abu Dhabi Securities Exchange. DUBAI: Investors are betting that the United...
DUBAI: Arabtec Holding expects a series of recent contract wins to boost its 2013 earnings and the Dubai contractor is targeting a dividend...
DUBAI: Zain Saudi, the kingdom’s third-largest telecom operator, has signed a SR2.25bn ($600m) Islamic loan guaranteed by its parent company. The three-year murabaha...
DUBAI: Wealthy individuals in the Middle East and Africa saw the value of their assets rise by 9.1 percent to $4.8 trillion in...
DUBAI: Egypt’s bourse dropped to a five-week low yesterday, making its biggest one-day loss in two months on increasing fears of political instability,...
DUBAI: The Iraqi unit of Kuwaiti telecoms company Zain launched subscriptions for a long-delayed public share offering yesterday, fulfilling a pledge made in...
ABU DHABI: The United Arab Emirates is merging its two flagship state aluminium firms to create the world’s fifth largest aluminium company with...
BAGHDAD: Iraq is in talks with foreign energy firms to lower long-term oil production targets agreed several years ago because of sagging global...
DUBAI: Saudi Arabia’s No.2 mobile company Etihad Etisalat (Mobily) is in talks to buy a stake in loss-making fixed-line operator Etihad Atheeb, according...
DUBAI: State-owned Islamic Bank of Thailand plans to increase its capital by 7.11bn baht ($234.9m) and issue a 5bn baht sukuk, the country’s...
MANAMA: Growth in cross-border Islamic bond issues points to greater convergence in an industry that has been divided by tensions between the Middle...
DUBAI: Dubai mall developer Majid Al Futtaim (MAF), has delayed plans to raise at least $500m from a hybrid bond sale to fund...
DUBAI: Bahrain’s budget deficit widened sevenfold in 2012 to 227m dinars ($601m), but stayed well below an initial plan as the country reined...
DUBAI: Kuwait Finance House (KFH), the Gulf Arab state’s largest Islamic bank, will begin a KD64m ($223.9m) capital increase programme on Wednesday to...
RIYADH: Emirates National Oil Co (ENOC) has cut the retail price of diesel by 20 fils to Dh3.50 a litre, it said yesterday....
DALLAS: Kinder Morgan Energy Partners LP said that it has shelved plans for a pipeline carrying crude oil from Texas to California because...
