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  • egypt economy

    Currency shortages hit Vodafone’s Egyptian business

    For now, Vodafone Egypt had been obliged to "significantly" rein in its network improvement and expansion plans in the past three months, namely upgrading base stations to high-speed, third-generation networks.

    April 24, 2013 6:55
  • etihad-news

    Etihad confirms 24 percent stake in Jet Airways for $379 million

    Jet's majority ownership will remain with Indian nationals and Jet's founder and non-executive chairman, Naresh Goyal, will hold 51 percent of the airline after the deal, which is subject to shareholder approval, the statement added.

    April 24, 2013 6:54
  • 200-uae-money

    Results still driver for UAE markets

    Expectations in the Middle East are high for good first-quarter earnings, while cues from China are negative.

    April 23, 2013 6:43
  • Arab-monetary-fund-in-65-million-loan-to-Egypt

    IMF and Egypt working to reach loan deal in ‘coming weeks’

    The statement said Egypt was "firmly committed to addressing its economic and financial challenges with the objective of restoring sustained and socially balanced growth, and they are already taking encouraging actions in this direction".

    April 22, 2013 6:32
  • Expatriate holding the Saudi flag

    Saudi body recommends Friday to Saturday weekend

    After Oman shifting to a Friday to Saturday week this May, KSA will be the only Gulf Arab state to maintain a Thursday to Friday weekend.

    April 22, 2013 6:16
  • oil

    Saudi oil exports flatline as Asian demand stutters

    Sources familiar with Saudi oil policy said demand for crude from outside the kingdom was expected to remain flat through June, although it could burn more crude domestically to cover an increase in power generation.

    April 22, 2013 6:13
  • 200-kingdom-holding

    Majestic profits for Kingdom Holding

    Saudi firm makes net profit of SAR110.1 million ($29.4 million) during Q1.

    April 22, 2013 9:18
  • Emirates+NBD-312x245

    Emirates NBD: ‘Pudner resigning’

    Emirates CEO expected to hand over role to new leader as part of 'organisation's strategy for change and transformation'.

    April 21, 2013 7:23
  • Dubai Schools

    UAE’s GEMS Education raises $545m loan for expansion

    "Recently we announced our intention to build ten new schools in the UAE over the next two years to meet growing demand and the quality targets set by local authorities. This new bank facility supports this expansion plan," Dino Varkey, GEMS chief operating officer, said in a statement.

    April 21, 2013 7:10