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  • 200-qtel

    Qtel buys further $360 million stake in Tunisian telco, Tunisiana

    Qatar Telecom (Qtel), the majority state-owned telecommunications operator, has agreed with the Tunisian government to buy a further 15 percent stake in that country's operator Tunisiana for $360 million.

    January 2, 2013 3:11
  • jail

    UAE finally decriminalizes bounced cheques

    The United Arab Emirates will stop imprisoning expatriates for writing cheques that bounce, Abu Dhabi daily The National reported on Tuesday, citing a senior official.

    January 2, 2013 3:09
  • oil

    Saudi to develop Midyan gas field in 2013

    Saudi Arabia will develop its Midyan natural gas field in the Red Sea in 2013, Oil Minister Ali Naimi said in comments reported on Tuesday in local media.

    January 2, 2013 3:06
  • Kuwait skyline buildings

    Kuwait Inflation To Keep Falling In 2013

    Kuwaiti inflation will slow to 4.3 percent this year and 4.1 percent next year from 4.8 percent in 2011, central bank governor Mohammed al-Hashel predicted on Saturday in comments carried by state news agency KUNA.

    December 30, 2012 7:29
  • Nakheel affordable housing

    BACK IN THE GAME: Dubai’s Arabtec, Lootah Win Nakheel Villa Contracts

    Dubai real estate contractor Arabtec and another firm have been awarded a contract worth over half a billion dirhams ($136 million) to build villas for one of the emirate's flagship developers, Nakheel

    December 30, 2012 7:27
  • 200-tabreed

    UAE’s Tabreed To Issue Convertible Bonds In Recap Plan

    District cooling firm Tabreed has agreed to issue 1.13 billion dirhams ($308 million) in convertible bonds to Abu Dhabi fund Mubadala on Dec. 31, the firm said on Sunday, as part of a recapitalisation plan agreed last year.

    December 30, 2012 7:26
  • State of Qatar

    Qatari Growth Slows As Energy Sector Sluggish

    Qatar's economic growth slowed in the third quarter of the year but was supported by strong expansion of non-oil sectors, data released by the statistics authority showed on Sunday.

    December 30, 2012 7:24