US Senate works on new package of sanctions
New sanctions aimed at reducing global trade with Iran in the energy, shipping and metals sectors may soon be considered…
November 28, 2012 2:11-
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Gulf regulators need guidance on Basel III
Suwaidi said he was concerned by a proposal requiring banks to hold additional common equity tier-one capital to meet higher loss absorbency requirements under Basel III.
November 28, 2012 9:16 -
Etisalat supports Sim Card ban
Etisalat, the United Arab Emirates’ No. 1 telecom operator, is committed to its Saudi Arabian affiliate Mobily, the former monopoly’s CEO…
November 27, 2012 2:01
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Dubai announces $2.7 billion theme park complex
Located near Dubai's Jebel Ali port area, the complex is to include an adventure park featuring Hollywood brands, a marine park, a children's park and a night safari.
November 27, 2012 8:57 -
Mursi very optimistic about crisis
President Mohamed Mursi is “very optimistic” that Egyptians will overcome the country’s political crisis, his spokesman said on Monday, referring…
November 27, 2012 8:55 -
Dubai Group cuts half of its staff
Dubai Group, part of the ruler of Dubai’s personal empire, has cut half its staff of about 30 people as part…
November 27, 2012 8:53
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Crown Prince reassures Saudis about King’s health
Saudi Crown Prince Salman “reassured” Saudis during a cabinet meeting on Monday about King Abdullah’s health, more than a week after the…
November 27, 2012 8:50 -
Senior bankers leave BofA’s MidEast ops
The head of Bank of America Merrill Lynch’s Middle East and North Africa unit has left following an overhaul of the U.S. lender’s regional…
November 27, 2012 8:48 -
Turkish Airlines looking at aircraft financing
Turkish Airlines confirmed on Monday it is looking at several options to finance buying additional aircraft, including leasing arrangements and…
November 26, 2012 4:09
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Oman Air sees revenue growth in 2012
State-owned Oman Air, the sultanate’s national carrier, expects its revenue to grow 30 percent in 2012 because of expanded operations, its chief…
November 26, 2012 2:39 -
Iran wants more oil storage in Gulf
Iran will build millions of barrels of oil storage facilities in the Gulf over the next few months in response…
November 26, 2012 12:04 -
SpiceJet in stake talks with Etihad & AirAsia
"This deal is not just about investment but also technology and partnership in many other ways," said the source, who declined to be identified.
November 26, 2012 10:37
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Qatar cashes in on Barclays warrants
Qatar Holding LLC has cashed in on its remaining warrants in Britain’s Barclays Plc, a move that still leaves the sovereign wealth fund…
November 26, 2012 8:49 -
Dinesh Sharma appointed at Citigroup Inc
Citigroup Inc has appointed Dinesh Sharma as its consumer banking head for the Middle East and North Africa, the U.S. bank said in a statement…
November 25, 2012 3:55 -
Saudi royals & officials visit king in hospital
Senior Saudi royals and government officials have visited King Abdullah in hospital, state news agency SPA reported, a week after…
November 25, 2012 3:54
