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Nokia charging back with full force
Saudi government websites targeted
Under the plan, the company will repay $70 million in cash, with the remaining $850 million split equally between two new five-year sukuk – an ordinary Islamic bond and a convertible sukuk
April 24, 2013 6:58
Dubai-based Helou left the bank few weeks ago, the sources said, speaking on condition of anonymity as the matter is not public. Both Barclays and Helou were not immediately available to comment on why he left and his plans for the future.
April 24, 2013 6:57
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
Expectations in the Middle East are high for good first-quarter earnings, while cues from China are negative.
April 23, 2013 6:43
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
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
Saudi firm makes net profit of SAR110.1 million ($29.4 million) during Q1.
April 22, 2013 9:18
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
"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
An Iranian government official said on Tuesday he expected hundreds of deaths from a major earthquake that struck Iran near the border…
April 16, 2013 3:30
German Chancellor Merkel urges Qatar to ensure fair tenders for World Cup projects...
April 16, 2013 9:48
HSBC Holdings has named Anshul Gupta as its head of mergers and acquisitions business for the Middle East and North Africa, replacing Omar Mehanna, who is…
April 14, 2013 5:17
Dubai’s Union Properties received shareholder’s approval plans to extend a 400 million dirhams ($108.9 million) loan from Abu Dhabi Commercial Bank by…
April 14, 2013 12:44
For the second consecutive year, the United Arab Emirates (UAE) is the country in which most Arab youth would like…
April 9, 2013 2:56
A court in the United Arab Emirates sentenced a man to 10 months in jail on Monday after he tweeted…
April 9, 2013 10:28
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
