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  • 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
 
 
 
  • Arab Spring economies recover slowly in 2013

    Arab Spring economies recover slowly in 2013

    The IMF forecast gross domestic product in the six countries combined would expand by 3.6 percent next year, accelerating from an estimated 2.0 percent this year and 1.2 percent in 2011.

    November 11, 2012 9:58