DUBAI: Islamic Development Bank, which provides financing and loans in Muslim countries, has more than tripled its authorised capital to $150bn to better...
DUBAI: Islamic Development Bank, which provides financing and loans in Muslim countries, has more than tripled its authorised capital to $150bn to better...
DUBAI: Kuwait’s stock market boom could run out of steam if the government doesn’t push ahead soon with long-delayed infrastructure projects aimed at...
DUBAI: Carrefour, Europe’s largest retailer, is in advanced talks to divest its remaining 25-percent stake in its Middle Eastern joint venture to local...
DUBAI: Emirates NBD, Dubai’s biggest lender by market value, raised $1bn from a capital-boosting bond yesterday, amid healthy demand for the deal. Proceeds...
DUBAI/ DOHA: Thomson Reuters yesterday launched an Islamic Finance Development Indicator in collaboration with the Islamic Corporation for the Development of the Private...
DUBAI: Arabtec, Dubai’s largest construction firm, said yesterday the delivery of projects was unaffected by what it called a partial labour stoppage, adding...
DUBAI: Egypt’s worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a $4.8bn loan...
SHANGHAI/LONDON: Iran’s government is negotiating a tax of up to 40 percent on iron ore exports to take advantage of a surge in...
DUBAI: Bahrain Telecommunications Co (Batelco), which has suffered a sustained profit slump, said Sheikh Mohamed bin Isa Al Khalifa had quit as chief...
DUBA: Petroleum Development Oman (PDO) and US GlassPoint Solar have commissioned the Middle East’s first solar enhanced oil recovery (EOR) project, the project...
DUBAI: Sovereign wealth funds in the Gulf Arab region are raising their allocations to private equity investments at a faster rate than other...
DUBAI: Abu Dhabi private equity firm Gulf Capital is close to signing a Dh1.32bn ($359.38m) Islamic loan for its company Gulf Marine Services,...
DUBAI: Saudi developer Dar Al Arkan could raise around $300m through its first global debt issue in more than three years, aiming to...
SINGAPORE/DUBAI: Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet...
DUBAI: Yemen’s oil export volumes rose 14 percent in the first quarter of 2013, earning the government $35m more than in the same...
DUBAI: Economic growth in the United Arab Emirates accelerated to 4.4 percent in inflation-adjusted terms in 2012, the fastest clip since 2006, as...
KUWAIT: State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2bn in damages...
ISTANBUL: Turkey hailed its second investment grade rating yesterday, seeing it as a seal of approval from international markets for a decade of...
