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  • GFH Logo

    Bahrain’s GFH restructures $45 million debt

    Bahrain, restructuring, Islamic investment bank Gulf Finance House, $100 million wakala-structured facility, Bahrain-based Liquidity Management Centre

    July 16, 2012 4:51
  • 200-nbad-logo

    NBAD appoints Yasin head of brokerage unit

    National Bank of Abu Dhabi (NBAD), the largest lender by market value in the United Arab Emirates, has appointed Mohammed Ali Yasin as head of its brokerage subsidiary.

    July 16, 2012 4:49
  • Traders

    Markets lackluster as summer lull deepens

    Gulf Arab bourses are likely to remain lacklustre on Monday as a summer trading lull, regional political tensions and sustained volatility on global equity and oil markets make investors wary of raising their risk exposure.

    July 16, 2012 11:55
 
  • Abu Dhabi TAQA

    UAE’s TAQA gets $355 million financing for Ghana project

    TAQA, which is owned 75 percent by the government of Abu Dhabi, will expand the Takoradi 2 (T2) power plant's capacity from 220 megawatts to 330 megawatts, the firm said in a statement.

    July 16, 2012 11:35
  • Nuclear Power Plant in San Onofre, California

    UAE nuclear plant gets environmental OK

    The no objection certificate from the environmental regulator is one of several approvals needed for construction to begin on the two reactors at the Barakah nuclear power plant.

    July 16, 2012 11:15
  • 200-mobily

    Saudi’s Mobily says second quarter net profit up 22 percent

    The firm, an affiliate of the United Arab Emirates' Etisalat , said it made a net profit of 1.421 billion riyals ($379 million) in the three months to June 30, up from 1.164 billion riyals in the year-earlier period.

    July 16, 2012 11:00
 
  • UAE's Hormuz bypass

    Iran renews Hormuz closure threats

    Iran renewed threats on Sunday to close the Strait of Hormuz unless sanctions against it were revoked, though it remains unclear how Tehran could shut down the vital oil shipping channel given the significant American military presence there.

    July 16, 2012 10:45
 
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