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Nokia charging back with full force
Saudi government websites targeted
The United Arab Emirates' central bank has told lenders to extend maturities on certain personal loans held by UAE citizens by more than four years, the latest initiative aimed at reducing their debt burdens.
August 16, 2012 3:57
The chairman of Jordan-based Arab Bank, Abdel Hamid Shoman, resigned on Thursday after a dispute with key shareholders and the bank's CEO, several sources inside the bank said.
August 16, 2012 3:56
Qtel offers to pay $2.2 bln for 47.5 pct stake; Kuwait sovereign fund owns 23.5 pct stake in Wataniya; Offer price of 2.6 dinars at 18 pct premium; Kuwait sovereign fund yet to decide on share sale -source
August 16, 2012 3:55
International Monetary Fund chief Christine Lagarde will visit Egypt next week in a show of IMF support for Egypt's transition, the Fund said on Wednesday.
August 16, 2012 12:21
Saudi Basic Industries Corp (SABIC) has invited bids for the construction of a 50,000 tonnes-per-year polyacetal (POM) facility at its affiliate Ibn Sina in Jubail, industry sources said on Wednesday.
August 16, 2012 11:41
The blogging platform of the Reuters News website was hacked and a false posting saying Saudi Arabia's Foreign Minister Prince Saud al-Faisal had died was illegally posted on a Reuters journalist's blog, the company said on Wednesday.
August 16, 2012 11:12
The United Arab Emirates told its citizens on Wednesday to leave Lebanon immediately, the state news agency said, after a spate of kidnappings by gunmen belonging to a Lebanese Shi'ite clan.
August 16, 2012 10:42
Saudi Arabian Oil Co (Saudi Aramco) said its computer systems had been shut down by a virus late on Wednesday, but it added that production had not been affected.
August 16, 2012 10:16
Income boosted last year by exceptional dividend; Analyst says few surprises in overall results; Assets under management declined 6 pct
August 15, 2012 5:12
Aims to strongly improve earnings this year; Expects a profit from sale of 8 planes; Still seeks return to profit in 2013; Shares down 1.2 percent
August 15, 2012 5:10
Negotiations accelerate with other agencies after NY deal; Bank plans collective deal; Slump in share price had pushed bank to strike deal; Role of regulators called into question by shareholders; Shares rise 4.7 percent in London on Tuesday
August 15, 2012 5:08
The United Arab Emirates hired six foreign firms, including Rio Tinto and Areva , to provide fuel for its first nuclear power plant, in contracts valued at $3 billion.
August 15, 2012 5:05
Orascom controlled by Russia's Vimpelcom since 2011; Results last year weighed down by tax charges; Says underlying profit grows in Q2; Cites cost cuts, subscriber growth, more data use
August 15, 2012 12:32
Egypt's state-owned Food Industries Holding Company (FIHC) bought 15,000 tonnes of sunflower oil and 6,000 tonnes of soybean oil in tender, traders said on Tuesday.
August 15, 2012 12:02
Egypt, the world's largest wheat importer, has bought 120,000 tonnes of Russian and Ukrainian wheat for Sept. 21-30 shipment on a free on board basis, the main government wheat buyer said on Tuesday.
August 15, 2012 11:50The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
