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Arkan Building Material Company has secured a 1.4 billion dirham loan ($381.16 million) from mainly local banks to refinance existing debt and fund new projects, it said on Wednesday.
June 20, 2012 5:42
The terms of members of Oman's central bank board have been extended by a further five years without any changes, a senior central bank official said on Wednesday.
June 20, 2012 5:42
National Bank of Umm Al Qaiwain (NBQ), a bank in the United Arab Emirates, said on Wednesday it had won a delay in a $250 million judgement against it in a case involving Kuwaiti group Global Investment House .
June 20, 2012 5:40
Putin says Syrians should decide if Assad in power; Chief monitor says U.N. Syria team was targeted; Russian Syria-bound arms ship turns back-Britain
June 20, 2012 4:00
U.S. says talks cannot go on indefinitely; Sanctions to follow if concerns not addressed; Tehran urged to take concrete steps
June 20, 2012 3:30
No final decision on how long crude unit will be idle –sources; Motiva has said no timeline for CDU's return
June 20, 2012 2:30
The issue is whether the line of succession will continue along a diminishing line of brothers born to the kingdom's founder or move down a generation at a time of unprecedented upheaval in the Middle East.
June 20, 2012 1:30
A group of Saudi activists are calling on women to get behind the wheel next week in defiance of a ban on female drivers, reviving a campaign that petered out last year.
June 20, 2012 12:30
Egypt's ousted President Hosni Mubarak, jailed for life this month and who has been hospitalised for more than a year, is unconscious and on a respirator but is not clinically dead, two security sources told Reuters on Tuesday.
June 20, 2012 11:52
A top commercial banker in the United Arab Emirates has urged the central bank to cut some of its reserve requirements sharply in order to spur corporate lending.
June 20, 2012 11:35
Tamweel, a unit of Dubai Islamic Bank, has not disclosed a target size for the proposed sale. It kicked off investor meetings on Tuesday in Abu Dhabi and roadshows are due to end on June 25.
June 20, 2012 10:20
Foreign reserves at safe levels cover 5 months' imports; 2012 outlook underpinned by remittances, tourism, Arab aid; Resilient banking sector with $35 bln deposits a cushion
June 19, 2012 5:34
Egypt's central bank said it sold $526 million in one-year U.S.-dollar-denominated treasury bills on Tuesday, more than the $500 million it originally sought.
June 19, 2012 5:30
Sukuk size increased to $800 mln from $750 mln; Sukuk carries profit rate of 1.357 pct; Saudi-based IDB is rated AAA.
June 19, 2012 5:28
The government of the United Arab Emirates will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Obaid Humaid al-Tayer, Minister of State for Financial Affairs, said on Tuesday.
June 19, 2012 5:26
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
