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  • Emirates Steel

    Gulf venture to build $400 million steel plant in Oman

    Three Gulf investors have formed a joint venture to build a $400 million steel plant in the southern Oman city of Salalah, a statement by the company said on Tuesday.

    September 4, 2012 5:32
  • alahadbank

    Qatar’s Ahli bank announces $123 million capital hike

    Ahli Bank, Qatar's seventh-largest listed lender by market value, plans to raise its capital by 20 percent through a rights issue starting later this month, the bank said in a statement on Tuesday.

    September 4, 2012 5:30
  • September  18, 2006

    Dubai Group sells Turkey insurance arm

    Mashreq Bank unit buys 51 pct stake in Turkish arm; Remaining stake bought by ex-AIG CEO's firm; Turkey seen attractive to foreign insurers; Dubai Group is in midst of $10 bln restructuring

    September 4, 2012 5:29
  • egypt economy

    U.S. nears deal for $1 billion in Egypt debt relief

    The Obama administration is close to a deal with Egypt's new government for $1 billion in debt relief, a senior U.S. official said on Monday, as Washington seeks to help Cairo shore up its ailing economy in the aftermath of its pro-democracy uprising.

    September 4, 2012 12:00
  • gULF uNION

    Gulf markets mixed as investors await catalyst; Egypt extends gains

    Gulf markets were mixed on Monday as investors adjusted positions after recent gains and retail investors continue to increase risk despite a general lack of catalyst in regional markets, while Egypt's bourse hit a 14-month high.

    September 4, 2012 11:20
  • Egyptian

    Egypt sells 2.5 billion Egyptian pounds of bonds

    Egypt's central bank sold 2.5 billion Egyptian pounds ($409.65 million) of reopened five and seven-year bonds on Monday, the Ministry of Finance said.

    September 4, 2012 10:50
  • Barclays Bank

    Barclays sees Middle East driving investment bank

    The Middle East will be an important growth area in coming years for investment banks, including Barclays, as local wealth funds put their oil dollars to work buying European assets, a senior executive at the British bank said.

    September 4, 2012 10:23