Saudi’s Almarai will issue private Sukuk
Almarai has been keen to expand its footprint outside its core presence in the Gulf region.
November 6, 2012 9:01-
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Bahrain’s Investcorp to buy Georg Jensen
Investcorp, which previously took public luxury brands Gucci and Tiffany & Co, is buying Georg Jensen from private equity firm Axcel Capital Partners.
November 6, 2012 8:57 -
UK Prime Minister visits Gulf with high sales agenda
Cameron's office said Saudi Arabia has also signalled that they are interested in placing a second "substantial" order of Typhoon jets, on top of the 72 jets they have already acquired.
November 5, 2012 9:28
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Dubai Financial Market loss narrowed
The publicly owned company, which runs securities trading in Dubai, said its third-quarter revenue grew to 36.8 million dirhams.
November 4, 2012 9:04 -
Vettel down but not after qualifying blow
Vettel has led every lap of the last three races and would have been chasing a fifth win in succession under the floodlights of the glittering Yas Marina circuit.
November 4, 2012 8:56 -
At least 22 killed in Riyadh fuel truck blast
The blast, which struck at around 7.20 a.m. local time, was on one of the capital's busiest roads but because Saudi Arabia is still observing the Eid al-Adha holiday, traffic was lighter than normal.
November 1, 2012 4:55
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Riyadh industrial building hit by explosion
An industrial building in eastern Riyadh was almost entirely destroyed by a large explosion on Thursday, a Reuters witness said. The building…
November 1, 2012 10:05 -
Federal budget heavy on social spending – UAE
HH Sheikh Mohammed Al Maktoum, ruler of Dubai, tweeted that he chaired a meeting where the federal budget for 2013 was approved.
October 31, 2012 10:15 -
Etihad orders two Airbus planes
"As our operations and network continue to grow in scale, we feel the A330-200 is the right fleet type to expand with," chief executive James Hogan said in a statement.
October 31, 2012 10:11
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Chilled water business helps Tabreed
Revenue for the quarter rose 5 percent to 326.4 million dirhams from 309.8 million dirhams in the prior-year period.
October 31, 2012 10:07 -
First UAE company to not pay sukuk
Saudi and Kuwaiti companies have defaulted on Islamic bonds in the past, leading to complex debt negotiations which have dragged on for years.
October 31, 2012 10:00 -
Why unrest in Kuwait could affect its rating
Prolonged political stalemate could also undermine Kuwait's rating through its impact on the economy. The public sector is a key engine of the Kuwaiti economy (80% of Kuwaiti nationals work in the public sector) and the development of the private sector is limited.
October 30, 2012 9:33
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UN-Arab League Envoy Regrets Syria Truce Not Fully Successful
U.N.-Arab League peace envoy Lakhdar Brahimi expressed regret on Monday that a U.N.-brokered truce had not been more successful in…
October 30, 2012 9:29 -
UAE scolds EU over Human Rights resolution
The European resolution was not backed up by any threat of action against the UAE, but international criticism of the U.S. ally in the Gulf has caused friction in the past.
October 27, 2012 9:31 -
New Abu Dhabi debt policy to cut risks
The document introduces centralised mechanisms to manage debt and restraints on borrowing by quasi-sovereign bodies.
October 24, 2012 5:38
