Banque Saudi Fransi launches $750 million Sukuk
Launch spread at 185 bps over midswaps; Pricing tightened 15 bps from initial guidance; Sukuk to price Tuesday; first under new $2 billion programme
May 17, 2012 11:11-
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Gulf Leaders Expected to Announce Unity Plan
Gulf Arab leaders meeting on Monday are expected to announce closer political union, starting with two or three countries including Saudi Arabia and Bahrain, a government minister in Bahrain said.
May 13, 2012 3:57 -
Saudi Inflation Pressure to Continue In Second Quarter
Inflationary pressures are likely to continue in Saudi Arabia in the second quarter, the central bank said in a report published on its website;"The available data points to an expectation of continued inflationary pressure... during the second quarter of 2012," said a quarterly inflation report issued by the Saudi Arabian Monetary Agency (SAMA).
May 13, 2012 3:57
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Australia's NSW Revives Islamic Finance Push
The government of the Australian state of New South Wales, home to the country's financial capital Sydney, will send a group to Dubai this week to discuss ways to develop the Islamic finance industry, officials said.
May 13, 2012 9:21 -
Saudi Says $100 per Barrel Great Price for Oil
Top crude exporter Saudi Arabia wants an oil price of around $100 a barrel and would like to see global inventories rise before demand picks up in the second half of the year, Oil Minister Ali al-Naimi said on Sunday.
May 13, 2012 9:20 -
Former Real Madrid Striker Raul Joins Qatar's Al Sadd
Former Real Madrid striker Raul has joined Al Sadd of Qatar after leaving Schalke 04 at the end of his contract with the Bundesliga club, the Asian champions said on Saturday.
May 13, 2012 9:19
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Emirates 2011 profits sag 72 percent, hit by fuel
Dubai's flagship carrier Emirates reported a 72-percent drop in 2011 profits on Thursday as soaring fuel prices accounted for nearly half of the Gulf carrier's costs.
May 12, 2012 7:59 -
TAQA Q1 net profit soars on assets sale
Q1 profit 534 mln dhs vs 152 mln dhs; Gain of 378 mln dhs on sale of Canada assets; Shares rise 4.2 pct in Abu Dhabi trade; Iraq power plant deal in Q2
May 12, 2012 7:56 -
CIB'S Q1 net jumps 64 percent as provisions decrease
Commercial International Bank (CIB) , Egypt's biggest private bank by assets, said on Wednesday that first- quarter net income leapt 64 percent year-on-year, beating analyst forecasts after provisioning surprised positively.
May 12, 2012 7:54
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UAE telco du Q1 profit up 62 percent as mobile data surges
Q1 profit 333.1 mln dirhams vs 205.8 mln dirhams a year-ago; Q1 revenue 2.45 bln dirhams, up from 2.04 bln dirhams in Q1 2011; Co claims 46.7 pct mkt share of UAE mobile subscribers; Mobile data revenue more than doubles
May 12, 2012 7:52 -
Emirates Urges Boeing To Move Fast On 777 Revamp
Predicts wide-body 777 would be a success; warns Airbus on delays of its A350-1000
May 12, 2012 7:49 -
Qatar adds to Xstrata stake
Qatar's sovereign wealth fund plans to increase its stake in Xstrata Plc to at least 10 percent, the Financial Times said on Thursday.
May 12, 2012 7:46
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Rothschild In Major Middle East Scale Back
Slumping deal volumes forcing rethink of MEast strategy; Staffing level to shrink by more than half –sources; MEast head Sawko relocating to Paris; Chris Hawley named replacement
May 12, 2012 7:38 -
Qatar buys 'major' stake in oil giant Shell
Adds to previous commodity sector deals; Stake reportedly in 3-5 pct range-MEES; 5 pct would make Qatar Shell's biggest shareholder; Qatar also negotiating Eni stake-MEES
May 12, 2012 7:36 -
Here's Why Google and Facebook Might Completely Disappear in the Next 5 Years and other great stories out on the web this week
Europe’s Achilles heel; Wanderlunch: We Sent a Guy to Dubai Just to Eat Pizza Hut's Crown Crust Carnival Cheeseburger Pizza and The English Wars
May 10, 2012 10:40
