Saudi Zain sees net loss shrink to $93.1 million
Indebted telecoms operator Zain Saudi reported a narrowing second-quarter loss on Wednesday, in line with analyst forecasts.
July 19, 2012 1:05-
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Kuwait’s NBK blames political deadlock for hurting economy
NBK CEO says political deadlock delaying economic development; Public criticism unusual in Gulf Arab region; Kuwait's biggest bank posts 41.6 pct drop in Q2 profit
July 19, 2012 12:50 -
Saudi telecom’s profit beats forecasts
Saudi Telecom Co (STC), the Gulf's No.1 telecoms operator, reported a 6.7 percent rise in second-quarter profit on Wednesday, beating analysts' estimates.
July 19, 2012 12:35
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Saudi Electricity Co profit up 2 percent on higher sales
Saudi Electricity Co reported a 2-percent rise in second-quarter profit on Wednesday, due to higher energy sales.
July 19, 2012 12:15 -
Iraq’s oil exports to fall for a third month in July
Southern exports fall to 2.07 mbpd so far in July; Northern exports lower than usual on Kurdish row; Exports down each month since reaching April's record rate
July 19, 2012 12:00 -
Qatar’s CBQ second quarter profit rises 7.7 percent, tops forecasts
Commercial Bank of Qatar (CBQ) posted a nearly 8-percent rise in quarterly profit on Wednesday on lower provisions and the recovery of impairments taken in two previous quarters, beating analysts' forecasts.
July 19, 2012 11:45
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UAE approves first Gulf Arab nuclear plant
Greenlight for first Gulf Arab nuclear power plant; South Korean consortium can begin construction on Wednesday; Licence granted for the first two reactors
July 19, 2012 11:20 -
UAE central bank confirms Barclays to leave rate-setting panel
The United Arab Emirates central bank confirmed Barclays has asked to withdraw from the country's interbank lending rate-setting panel, and will leave after completing a mandatory 90-day notice period.
July 19, 2012 11:00 -
Etihad says can raise stake in Virgin Australia to 10 percent
Abu Dhabi's Etihad Airways said on Thursday the Australian government had allowed it to raise its stake in Virgin Australia to 10 percent.
July 19, 2012 10:54
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Taiwan CPC will not import Iranian crude in July
Taiwanese state-owned refiner CPC Corp will not import any Iranian crude in July after the latest round of U.S. sanctions that target Iran's main tanker firm, an industry source familiar with the matter said on Wednesday.
July 18, 2012 5:26 -
Qatar sets stock regulatory reforms, eases trading rule
Central bank now ultimate market regulatory authority; Lengthens stock trading settlement time; Applications for bank brokerages to be reviewed in 30 days; Qatar Financial Centre to encourage stock listings
July 18, 2012 5:26 -
Cash-rich Islamic funds fuel wild Dubai sukuk rally
Dubai 2014 sukuk yield plunges 235 bps since February; Fundamental factors support a rally; But some think euphoria has gone too far; Liquidity temporarily boosted by maturities; Approach of Ramadan may be spurring purchases
July 18, 2012 5:24
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Nakilat second quarter profit jumps 5.9 percent amid cost curbs
Qatar Gas Transport Co (Nakilat), the world's largest shipper of liquefied natural gas (LNG), on Wednesday reported a 5.9 percent jump in quarterly profit partly thanks to better cost control.
July 18, 2012 5:24 -
INTERVIEW: Foreign companies to be cross-listed
Waleed al-Bawardi, director of cash and markets at Tadawul, the Saudi exchange, said details on disclosure requirements were being hammered out with the Capital Markets Authority (CMA) after the regulator amended listing rules in January to allow for cross-listing.
July 18, 2012 1:00 -
Leading lawyer arrested in UAE clampdown on dissidents
Twenty UAE dissidents held since April; Islamists the focus of clampdown By Raissa Kasolowsky and Rania El Gamal
July 18, 2012 12:56
