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Nokia charging back with full force
Saudi government websites targeted
Doha Festival City, a giant retail and hospitality complex being built by a consortium including UAE-based Al Futtaim Group, has raised a 3.7 billion riyals ($1 billion) loan to fund its construction, a statement said on Wednesday.
June 27, 2012 5:36
Drydocks World, which sought insolvency protection in April as it restructures $2.2 billion of debt, signed a joint venture for its Southeast Asia operations with Pacific Carrier Ltd. on Wednesday, part of Malaysian tycoon Robert Kuok's empire.
June 27, 2012 5:34
The 175,000 square metre plot in DWC will be used as a manufacturing facility for nutrition, culinary and coffee products, the joint statement said.
June 27, 2012 10:03
A company linked to Malaysian billionaire Robert Kuok is close to a deal to buy a majority stake in the Southeast Asia operation of Dubai shipbuilder Drydocks World, two sources said on Tuesday.
June 27, 2012 9:59
Olayan Group, one of the largest conglomerates in Saudi Arabia, has concluded its maiden issue of an Islamic bond, or sukuk, two sources with knowledge of the matter said on Tuesday.
June 27, 2012 9:58
Thousands of Kuwaitis protested on Tuesday against a court ruling that effectively dissolved a parliament dominated by opposition Islamists and reinstated the previous, more government-friendly, assembly.
June 27, 2012 9:57
U.S. President Barack Obama to enforce sanctions on countries that do oil deals with Iran's central bank -Washington is revving up efforts to tighten the squeeze on Tehran.
June 27, 2012 9:56
Qatar Telecom has 52.5 pct stake in Kuwait's Wataniya; Qtel submitted offer to regulator to buy stake; Kuwait's sovereign fund has 23.5 pct stake in Wataniya; Barclays Capital, NBK Capital advising Qtel on deal
June 26, 2012 5:48
The TCIP benefits from a guarantee provided by the IDB ; therefore, its rating is in line with IDB's Long-Term Issuer Default Rating (IDR) of 'AAA' with a Stable Outlook.
June 26, 2012 5:47
Dubai-based Islamic mortgage provider Tamweel concluded investor meetings on Monday and said any eventual transaction will be backed by properties and receivables located in Dubai.
June 26, 2012 5:46
The 16th round of sanctions against Syria are part of EU efforts to pressure President Bashar al-Assad into ending his violent repression of a 15-month-old uprising against his rule.
June 26, 2012 5:46
Bunker fuel prices in the Fujairah market have fallen to their lowest in 16 months as falling crude oil prices weigh on bunker and cargo fuel oil premiums in the region.
June 26, 2012 5:45
Saudi Arabia is showing no sign of changing its policy of high oil output to support global economic growth, despite a fall in crude prices below $90 a barrel for the first time in 18 months.
June 26, 2012 11:11
South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil.
June 26, 2012 11:00
Gulf investors are taking cues from Europe amid thin local news and negative sentiment may spill over to regional markets as hopes fade of a debt-crisis resolution from an EU summit later this week.
June 26, 2012 10:39
The 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
