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Nokia charging back with full force
Saudi government websites targeted
Gulf-based sukuk funds grow 31 pct in 2011; But half of them account for 91 pct of assets; Aggregate size tiny compared to sukuk market; Funds' turnover ratios generally low; Industry still lacks firm that originates and underwrites
June 21, 2012 5:19
Austrian energy group OMV has signed its first upstream joint venture in Abu Dhabi, agreeing to drill up to three appraisal wells for sour gas and condensate together with BASF's Wintershall in the Arab Emirate.
June 21, 2012 5:18
State oil giant Saudi Aramco and Japan's Sumitomo Chemical are close to signing multi-billion-dollar contracts to expand their petrochemical complex in Saudi Arabia, industry sources said.
June 21, 2012 5:17
The Iranian navy has announced plans to build more warships and increase its presence in international waters at a time of growing tension in the Middle East over Tehran's nuclear programme.
June 21, 2012 5:16
Says central bank regulations to impact banking sector growth; Starts Abu Dhabi Commercial Bank with "neutral" rating
June 21, 2012 5:16
Brent's premium to Dubai slips to 21-month low; Opens arbitrage window for Russian Urals to move to Asia; Ample Mideast crude, weaker Oman may curb Urals flow
June 21, 2012 5:15
Yield on 2022 bond 20 bps tighter this week; CDS compress nearly 18 pct since January; Bond repayments, growth, liquidity lift sentiment
June 21, 2012 5:15
Mubarak's ailment subject to speculation, skepticism; No result yet from vote to decide who replaces him; Islamist, ex-military many both claim vote victory
June 21, 2012 1:22
The new pipeline has a nameplate capacity of around 1.5 million barrels per day (bpd), compared to total UAE exports of around 2.4 million bpd, but sources say it can carry over 2 million bpd.
June 21, 2012 1:17
Fifth new listing of 2012 is imminent; Offer of shares in airline catering unit underway; Global slump, oil price are threats to IPO market; But investors still expect solid corporate earnings; IPOs focused on domestic demand likely to do well
June 21, 2012 11:55
Iran not granting U.N. nuclear inspectors access to Parchin; IAEA suspects high explosives tests carried out there; Western diplomats believe Iran trying to remove any evidence; Iran rejects Parchin accusations as "ridiculous"
June 21, 2012 11:22
Fed offers modest stimulus to weak U.S. economy; Unexpected jump in U.S. crude stockpiles; China factory sector contracts for 8-month running; China’s export order seen at the weakest since early 2009
June 21, 2012 10:55
BNP Paribas, StanC and SocGen lead arranging int'l facilities; Project to finance expansion of Jorf Lasfar coal-fired plant; Asian export credit agencies participate in deal
June 21, 2012 10:35
Crude exports from Iran this month have dropped to between 1.2 million barrels per day (bpd) and 1.3 million bpd, according to a firm that tracks oil shipments and sources at oil companies.
June 20, 2012 5:48
Bahrain expects allocation from Gulf fund soon; Budget deficit $83 mln in 2011, lowest in 3 years; Spending at $7.6 bln in 2011, seen at $9.8 bln in 2012; Oil prices well below budget break-even point
June 20, 2012 5:46
Qatar needs to find a home for billions of dollars raised from gas exports each year, writes Una Galani.
May 22, 2013 9:43
Telecom company exhibits its high impact projects, including Mobile Baby.
May 21, 2013 6:01
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
