Qatar eyes debut Islamic bond issue
Qatar is planning to issue its first international Islamic bond, or sukuk, IFR Markets, a unit of Thomson Reuters reported on Wednesday.
May 9, 2012 4:44-
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Standard Chartered senior MENA banker law moves to Africa Operations
Standard Chartered's regional head of client coverage, David Law, will take up a senior role covering Africa, a company spokesman said on Wednesday, in the latest push by the bank to increase its focus on the continent.
May 9, 2012 4:42 -
Abu Dhabi to invite bids for new power plant by September
International companies to bid in 3-4 months; Mirfa plant to have 1500 MW power, 60 mgpd water
May 9, 2012 4:41
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Abu Dhabi Fund Mubadala plans $5.5 billion spending in 2012
Mubadala, the Abu Dhabi government's investment vehicle, expects to spend about 20.1 billion dirhams ($5.47 billion) this year as its seeks to expand a diverse line of businesses ranging from oil and gas to semiconductors.
May 9, 2012 4:34 -
Dubai's Arabtec Q1 Net Surges
Q1 net profit 84.1mln dirhams vs. 26.6 million a year ago; Results beat average analysts forecasts; Says considering buying remaining 45 percent in steel unit; Abu Dhabi fund Aabar owns 10.5 percent in Arabtec
May 9, 2012 9:25 -
Blackstone Buys London Financial District Complex
Private equity company Blackstone Group has expanded its property presence in London, buying the 12-building Devonshire Square office and retail complex from rival Rockpoint and the Abu Dhabi Investment Authority (ADIA), according to a source familiar with the deal.
May 9, 2012 9:20
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Kuwait to Tender for Oil Refinery in June
Fourth refinery expected to cost $14.5 billion; Summer imports of LNG seen rising to 40-45 cargoes
May 9, 2012 9:16 -
Bahrain Eyes Bond Market Return, Picks Banks
Bond will target U.S. institutional investors; Will aim to raise $1.25 bln over 7 or 10 years -IFR; Mandates JP Morgan, Citi, Stanchart, GIB - sources; Bahrain faces budget deficit in 2012
May 9, 2012 9:12 -
The usual suspects: housing and job woes fuelling Arab unrest
*Poor urban infrastructure and high youth unemployment helped fuel the Arab Spring and governments across the region must tackle both if they are to prevent further unrest, the United Nations said earlier this week.
May 8, 2012 8:14
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Brent steady above $113 on bargain buys after price slump
Brent recovers after 4 straight sessions of losses; Hedgers, bargain hunters buy on price slump; U.S. crude inventory to rise for 7th week - poll
May 8, 2012 7:43 -
Kuwait's Global Investment 2011 net loss narrows
Kuwait's Global Investment House , which is undergoing its second debt restructuring in three years, said 2011 net loss narrowed compared with the previous year, helped by lower write downs of its financial assets.
May 8, 2012 7:41 -
Saudi's Naimi says Kingdom pumping most in 5 months
Saudi storing 80 million barrels of working inventory in case of emergencies; ready to tap 2.5 million barrels per day of spare capacity if demand is there
May 8, 2012 7:39
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Dubai Financial Market Q1 profit jumps on higher trading
Dubai Financial Market (DFM), the Gulf Arab region's only listed bourse, posted a sharp rise in quarterly profits thanks to increased trading on the exchange, it said on Monday
May 8, 2012 7:35 -
Kuwait telco Zain's Q1 profit up 2 percent
Q1 profit 70.9 mln dinars vs 69.9 mln dinars a year earlier; Q1 revenue 326 mln dinars, up from 324.4 mln dinars in Q1 2011
May 8, 2012 7:33 -
Aramco steps into trading, sees higher product volumes
Saudi Aramco Products Trading Co, the top oil exporter's new trading arm, expects its refined oil products trading volumes to rise to 1.5 million barrels per day (bpd) as it aims to capitalise on its strong market position, the firm's chief executive said on Monday.
May 8, 2012 7:31
