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  • Saudi Arabia King Abdullah

    Saudi King has successful operation

    Saudi Arabia’s King Abdullah has undergone successful back surgery at a hospital in the capital, Riyadh, to tighten a loose ligament,…

    November 18, 2012 9:42
  • Islamic Finance Oman

    Oman to issue large government bonds

    Oman will issue five-year government development bonds worth 100 million rials ($260 million) at an annual interest rate of 3.25 percent,…

    November 17, 2012 9:49
  • Qatar Airways

    Qatar Airways sells stake after disagreement

    Qatar Airways is to sell its stake in Luxembourg’s all-cargo airline Cargolux after a disagreement over the future direction of the airline, a Cargolux spokeswoman said…

    November 17, 2012 9:46
 
  • International Monetary Fund

    IMF team extending Egypt trip

    International Monetary Fund negotiators will extend their stay in Egypt to continue their loan talks with the government, the Egyptian central bank and an IMF…

    November 16, 2012 11:59
  • State of Qatar

    Qatar Telecom needs billion dollar loan

    State-owned operator Qatar Telecom (Qtel) has sent out requests for proposals (RFPs) to banks for a syndicated loan of up…

    November 16, 2012 11:53
  • Bank Office - Illustrative purposes

    Majed Saif Al-Ghurair resigns from Mashreq board

    Dubai’s Mashreq, the second-largest lender in the emirate by market value, said board member Majed Saif al-Ghurair has resigned with immediate effect,…

    November 14, 2012 2:01
 
 
  • Sharjah’s Crescent Petroleum fill the gaps

    Sharjah’s Crescent Petroleum fill the gaps

    United Arab Emirates-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its…

    November 13, 2012 8:33
  • Gulf Investment Corp picks banks for possible bond – leads

    Gulf Investment Corp picks banks for possible bond – leads

    Gulf Investment Corp, a financial institution owned by the six nations of the Gulf Cooperation Council, has picked four banks to arrange investor meetings ahead of a potential bond sale, lead arrangers said on Monday.

    November 12, 2012 6:34
  • Egypt getting ready for IMF deal this week

    Egypt getting ready for IMF deal this week

    The Egyptian government expects to sign a memorandum of understanding with the International Monetary Fund for a $4.8 billion loan before an IMF negotiating team leaves Cairo on Wednesday, Finance Minister Mumtaz al-Said said.

    November 12, 2012 6:33
 
  • Updates on UAE oil concessions expected next week

    Updates on UAE oil concessions expected next week

    BP Plc, shut out of pre-qualifcation bidding to develop Abu Dhabi's largest onshore oil fields, hopes to hear soon whether it can participate in the process, Chief Executive Bob Dudley said on Sunday.

    November 12, 2012 6:31
  • Thousands of Kuwaitis protest against voting changes

    Thousands of Kuwaitis protest against voting changes

    Tens of thousands of Kuwaitis packed into a square opposite parliament on Sunday in a peaceful opposition-led rally against new voting rules.

    November 12, 2012 6:30
  • Abu Dhabi’s TAQA picks five banks for dollar bond

    Abu Dhabi’s TAQA picks five banks for dollar bond

    Abu Dhabi National Energy Co (TAQA) has mandated five banks for a dollar-denominated bond which could be issued before the end of the year, a spokesman for the company told Reuters on Monday.

    November 12, 2012 6:29
 
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