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-
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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 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
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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 -
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 -
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
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Secondary sukuk issue by Saudi’s Fransi
Banque Saudi Fransi , which is part-owned by Credit Agricole, will issue up to 2.5 billion riyals ($667 million) in secondary…
November 13, 2012 3:26 -
First Gulf Bank signs $900 million loan
First Gulf Bank, the second-largest lender by market value in the United Arab Emirates, has signed a three-year $900 million…
November 13, 2012 3:23 -
Drake & Scull wins big dollars in UAE and Saudi
Dubai-listed Drake & Scull has won three contracts in Saudi Arabia and Abu Dhabi worth a total of around 318.5 million dirhams ($86.7 million),…
November 13, 2012 12:38
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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, 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
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
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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
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 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
