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Dubai Group sells rights to buy shares at discount; Bank Muscat eyes $251 mln from discounted rights sale; Dubai has rights to buy 33 mln shares in the Omani bank;Dubai Group is bank's second largest shareholder with 14.7 pct stake
July 15, 2012 5:07
Dar to repay further 2.4 bln riyals debt by 2015; Does not plan to issue new sukuk this year; Expects at least 10 pct profit growth in Q3, Q4; Aims for over 10 pct growth in 2013; No impact from mortgage law this year
July 15, 2012 5:06
Banks in the United Arab Emirates will have to hold high-quality liquid assets equal to 10 percent of their liabilities from Jan. 1 next year, under a rule introduced by the UAE central bank as it prepares the sector to comply with Basel III global standards.
July 15, 2012 5:06
As Iranian threats to close the Strait of Hormuz grew louder over the weekend, the United Arab Emirates quietly loaded its first cargo on Sunday from its long-awaited new oil export terminal on the Gulf of Oman.
July 15, 2012 5:04
Saudi shares end higher on Saturday, led by gains in the real estate sector as major builder Dar al-Arkan soars…
July 15, 2012 9:31
Saudi builder Dar al-Arkan Real Estate Co has transferred $1 billion to Deutsche Bank to repay its Islamic bond, or sukuk, the firm said in a bourse statement on Saturday.
July 14, 2012 9:07
The Saudi Fund for Development will extend a total of about $220 million to Tunisia in low-interest loans, Tunisia's Investment and International Cooperation Ministry said, as the North African country seeks to recover from last year's revolution.
July 14, 2012 9:01
Saudi Cement Co posted a net profit of 290.2 million riyals ($77.4 million) for the second quarter on Saturday, a rise of 36 percent from a year earlier.
July 14, 2012 8:59
Iran could prevent even "a single drop of oil" passing through the Strait of Hormuz if its security is threatened, a naval chief said on Saturday, as tensions simmer over Tehran's nuclear programme.
July 14, 2012 8:51
Turkey cannot bring Iranian oil on own tankers; Up to 7 million barrels stuck in Egyptian tanks; Reselling crude might prove tough
July 13, 2012 8:40
U.S. new jobless claims fall to 4-year low; China Q2 GDP due Friday, lower growth forecast; U.S. Fed to act on stimulus if economy worsens
July 13, 2012 8:38
Judoka and runner will be first Saudi women to compete; All countries will now be sending female athletes; Follows other concessions to women in the country
July 13, 2012 8:36
Iran believes it is safe ahead of U.S. election – minister; Hezbollah will pay 'heavy price' if it attacks Israel ;Syria's Assad faces sure defeat, process being accelerated
July 13, 2012 8:34
Sukuk prices at par with 6.4 pct profit rate – leads; Orders worth $4.65 bln placed, showing confidence in Dubai; Emaar shares up 2 pct
July 13, 2012 8:31
The United Arab Emirates has freed on bail an American businessman accused of embezzlement who has been in jail in the Gulf Arab state since 2008 and went on hunger strike in May, the U.S. embassy said on Friday.
July 13, 2012 8:29
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
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
