HSBC to Arrange $1.8 Bln Maaden Loan -Banker
Saudi Arabian Mining Co (Maaden) is seeking a 7 billion riyal ($1.86 billion) loan from local banks, a Saudi banker told Reuters on Wednesday.
April 19, 2012 9:38-
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Saudi Electricity Loss Narrows, Revenue Higher
Saudi Electricity Co said on Wednesday its first quarter net loss narrowed by 25 percent, thanks to increased revenue, beating the market forecast.
April 19, 2012 9:32 -
Dubai Foreign Trade Jumps 22 Percent in 2011, Iran Up
Foreign trade rises to record $300 billion; Customs forecast 20 percent growth in 2012; Direct re-exports to Iran hit, but still up 29 percent in 2011
April 19, 2012 9:25
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Bahrain Activists Vow "Days of Rage" For Grand Prix
Human rights crisis not over, says Amnesty; Dozens still held in jails; Ecclestone: Bahrain is quiet and peaceful
April 18, 2012 4:45 -
HSBC Merges Oman Unit with Local Lender Oman International Bank
HSBC is to merge its business in Oman with Oman International Bank (OIB) and hold a majority stake in the enlarged operation, Europe's biggest bank said on Wednesday.
April 18, 2012 4:36 -
The Business of Comic Con
With the Middle East Film and Comic-Con all set to kick off this weekend, Kipp looks at the inner workings of this geek fest.
April 18, 2012 4:30
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Banque Saudi Fransi Sets Up $2 Billion Islamic Bond Programme
Banque Saudi Fransi has established a $2 billion Islamic bond, or sukuk, programme, a regulatory filing on the London Stock Exchange showed.
April 18, 2012 4:24 -
Abraaj Eyes Investments in Saudi Arabia
Dubai-based private equity firm Abraaj Capital is looking at three to four investments in Saudi Arabia valued up to $150 million each, a senior executive said on Wednesday.
April 18, 2012 4:17 -
Hello Tomorrow? Emirates reaches limits of organic growth strategy
The challenge for Emirates would be to turn around a business with only a minority control and that kind of buy-to-build strategy has failed many says Una Galani.
April 18, 2012 3:52
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Saudi Ras Tanura Refinery Units to Restart Early May-Sources
Saudi Aramco's Ras Tanura refinery, parts of which have been shut for maintenance since March, is expected to come back online in early May, three traders with knowledge of the plans said.
April 18, 2012 3:52 -
Strategy shift: Slower Takaful growth prompts rethink
Growth of the takaful or Islamic insurance business is slowing, industry statistics show, increasing pressure on the sector to boost efficiency, roll out new products and explore new markets.
April 18, 2012 3:48 -
Qtel Unit Indosat to Issue $271 Million Bond
Indosat PT, Indonesia's No.2 mobile phone provider, plans to issue bonds worth $271 million, a statement from majority owner Qatar Telecom (Qtel) said on Tuesday.
April 18, 2012 9:37
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S&P ups UAE-Based Aldar Properties to 'B+'
Standard & Poor's Ratings Services raised its long-term corporate credit rating on Abu Dhabi-based property company Aldar Properties PJSC (Aldar) to 'B+' from 'B'
April 18, 2012 9:37 -
Venezuela Worries That OPEC Is Flooding Oil Market
Minister says unnamed Gulf states are over-producing; OPEC should aim for minimum price of $100 per barrel
April 18, 2012 9:12 -
Egypt's SODIC Swings to 2011 Net Loss
Shares slump 4 pct; Company reports progress on land bank issues; Says cash position is healthy
April 18, 2012 9:08
