UAE Central Bank Says Must Implement Curbs On Risk
The United Arab Emirates central bank must act this year to push forward previously issued rules and policies, a senior…
March 13, 2013 3:54-
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WHO Confirms 15th Case Of Deadly New Virus In Saudi Arabia
A Saudi man infected with a deadly new virus from the same family as SARS has died, becoming the ninth…
March 13, 2013 11:41 -
Interview – Starwood Hotels on MENA expansion frenzy
Starwood owns less than 5 percent of the hotels it operates, managing the remainder on behalf of their owners.
March 13, 2013 11:39
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UAE Replaces Energy Minister In Cabinet Reshuffle
The United Arab Emirates has appointed Suhail Bin Mohammed al-Mazroui as energy minister, state news agency WAM reported on Tuesday, replacing Mohammed…
March 12, 2013 4:47 -
Abu Dhabi In Nearly $7 Bln Oil Investment In Malaysia
Abu Dhabi on Tuesday signed an agreement worth an estimated 21 billion ringgit ($6.75 billion) for a petroleum storage facility in Malaysia’s…
March 12, 2013 4:46 -
Egypt will not sign “Emergency” IMF Loan – Cabinet
Egypt will not sign any “emergency” loan with the IMF, cabinet spokesman Alaa el-Hadidi said on Tuesday, appearing to rule out any recourse…
March 12, 2013 4:45
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Emirates Airline launches $1 billion amortising sukuk
Dubai’s Emirates airline launched a $1-billion amortising Islamic bond on Tuesday, arranging banks said, at the tighter end of guidance….
March 12, 2013 4:44 -
Gulf States buy stake in Virgin Mobile’s Middle East unit
Gulf Investment Corp (GIC) will invest $50 million in Virgin Mobile’s Middle East operation, a sign that the region may be ready to…
March 12, 2013 4:43 -
Thousands of South Asian workers strike at Oman Airport
Thousands of South Asian labourers working on the expansion of Muscat airport downed tools on Tuesday in a rare strike to demand…
March 12, 2013 4:42
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London promotes itself as Islamic Finance centre
Dubai announced in January that it would revise regulations to attract sukuk issuance and trading.
March 12, 2013 8:47 -
Qatar Finance Minister Sees Strong Non-Hydrocarbon Growth
Qatar expects rapid growth in non-hydrocarbon parts of its economy this year while its gas sector is unlikely to expand significantly,…
March 11, 2013 11:46 -
Qatar says no more aid to Egypt for now
Qatar does not expect to give further financial aid to Egypt in the immediate term, Qatari Finance Minister Youssef Kamal said on Monday. “We already…
March 11, 2013 11:24
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Emirates Airline eyes 10-year amortising Sukuk issue
It has also issued two smaller export credit agency-backed deals this year to finance aircraft deliveries.
March 11, 2013 9:54 -
Saudi Aramco confirms leasing UAE fuel storage space
Saudi Aramco has leased fuel storage space at the United Arab Emirates (UAE) port of Fujairah to support its global trading operations,…
March 10, 2013 12:41 -
Qatar Central Bank to issue 4 billion riyals debt
The central bank did not give the time period for these issues.
March 10, 2013 11:08
