DUBAI: Abu Dhabi’s Emirates Steel has obtained $1.3bn in credit facilities, becoming one of a string of United Arab Emirates firms to lower...
DUBAI: Abu Dhabi’s Emirates Steel has obtained $1.3bn in credit facilities, becoming one of a string of United Arab Emirates firms to lower...
CAIRO: Egyptian investment bank Beltone Financial will discuss the possibility of splitting its shares today, it said in a statement to the Cairo...
CAIRO: Egypt extended a five percent supplementary tax to include companies as well as wealthy individuals, drawing a mixed response from businesses yesterday...
DUBAI: Low residential rental yields in Dubai and Abu Dhabi may indicate growing imbalances and overheating in the real estate sector, the United...
DUBAI: Saudi Arabia’s Shura Council, an influential advisory body to the government, will discuss a proposal for the country to establish a sovereign...
Doha: The Gulf Organisation for Industrial Consulting (GOIC) seeks to support Gulf industrial exports through a series of programmes, especially after the surge...
KHARTOUM: Sudan’s annual inflation rate rose to 41.2 percent in May, reflecting a 3.9 percent monthly rise, the Central Statistics Office said yesterday,...
DUBAI: An impending bond issue by Abu Dhabi-based telecommunications firm Etisalat may not only be the region’s largest deal so far this year,...
Kuwait City: Upgrades in development indicators reaffirm strong growth of GCC economies, but greater economic diversification is needed to absorb oil markets volatility,...
CAIRO: Egypt’s interim President, Adly Mansour, yesterday signed into law a temporary 5 percent income tax increase on individuals earning more than 1m...
DUBAI: Dubai Islamic Bank (DIB) has completed the purchase of a 24.9 percent stake in Indonesia’s Bank Panin Syariah from its parent firm,...
DUBAI: Abu Dhabi’s economy expanded an inflation-adjusted 5.2 percent in 2013, its official statistics centre said yesterday, a much slower rate than the...
DUBAI: Abu Dhabi’s economy expanded an inflation-adjusted 5.2 percent in 2013, its official statistics centre said yesterday, a much slower rate than the...
DUBAI: Dubai-based construction firm Arabtec Holding aims to float half of its Egyptian unit on the Cairo stock exchange in 2016 or 2017...
DUBAI: Bank Dhofar has proposed a preliminary share swap ratio and completed a study for its possible merger with Bank Sohar, the latter...
DUBAI: Etisalat, the Abu Dhabi-based telecoms firm, has added four banks to the list of bookrunners for its potential debut bond, which could...
DUBAI: Bahrain’s state budget deficit nearly doubled to BD410m ($1.1bn) in 2013 but was only a fraction of the original projection as spending...
DUBAI: Etihad Airways said it had set the terms for investing in loss-making airline Alitalia and was looking to conclude the deal, as...
