UAE telecom companies lose value after tax announcement
Shares in Etisalat, the United Arab Emirates’ biggest telecoms firm, and rival du both fell sharply on Tuesday following government changes…
December 11, 2012 12:28-
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Iran being pushed into recession
The Iranian government has started consolidating public spending to offset a fall in revenues.
December 11, 2012 9:20 -
A piece of Kingfisher for Etihad
Gulf carrier Etihad Airways is close to buying a 48 percent stake in debt-ridden Indian carrier Kingfisher Airlines for a little over…
December 11, 2012 8:56
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du and Etisalat forced to cough up large royalty
In the past, the royalty percentage fluctuated depending on how well the Telcos were doing, so is this a good sign?
December 10, 2012 1:34 -
First piece of the puzzle unveiled
MBR city is also expected to include 100 hotels and the world's biggest shopping mall.
December 9, 2012 5:32 -
Speculative demand is boosting Dubai’s property
Only one-fifth of sales this year were through mortgages, as banks remain reluctant to lend, indicating that some speculative buying by investors has returned.
December 9, 2012 3:29
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Egypt decree that sparked protests cancelled
Billed as a "national dialogue", the meeting was boycotted by his main rivals and had little credibility among protesters in the most populous Arab nation.
December 9, 2012 1:40 -
Morgan Stanley head of M&A leaves
Morgan Stanley Inc’s head of mergers and acquisitions for the Middle East and North Africa (MENA) is leaving the bank, three sources said, the…
December 9, 2012 1:22 -
Mobily back with selling pre-paid Sim Cards
Mobily had said last month the financial impact of the suspension would be "insignificant."
December 8, 2012 9:32
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Ghafur named as MENA head for BOFA
Bank of America Merrill Lynch has hired Arshad Ghafur, previously with Nomura Holdings , as the country executive for its Middle East and North Africa unit, the…
December 6, 2012 11:02 -
Companies afraid of paying fines for having expats
The new rule is aimed at reducing unemployment of 10.5 percent among Saudi nationals by getting them into jobs now performed by 8 million expatriates in the country.
December 5, 2012 11:02 -
New Net rules would hit digital economy
Inter-governmental regulation of the internet could deter investment, raise costs for consumers and hinder online access, a U.S. diplomat said….
December 5, 2012 10:57
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UAE: Bankruptcy law taking longer than expected
The draft, which has been in the works since 2009, should enable both listed and family-owned companies that get into trouble to restructure and be rescued rather than being forced to go through lengthy bankruptcy or liquidation proceedings.
December 5, 2012 5:33 -
Etihad wants Air Berlin’s frequent flyer programme
Gulf carrier Etihad Airways intends to take control of Air Berlin’s frequent flyer loyalty programme Topbonus Ltd, according to a filing placed with competition…
December 5, 2012 4:50 -
Emir of Qatar finally gives the green light
The law provides for an umbrella body to regulate banks, financial services and insurance companies and the country's bourse as well as banking, financial and insurance companies licensed by the Qatar Financial Center.
December 5, 2012 4:48
