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    Saudi mortgage law to boost home loan market

    The world's top oil exporter said on Monday its cabinet had approved the legislation, more than a decade after it was first proposed, but did not divulge details of the new regulations.

    July 5, 2012 10:16
  • sunoil-soyoil-Meditrade

    Egypt Meditrade seeks to buy sunoil, soyoil

    Egyptian commodity purchasing enterprise Meditrade issued a tender seeking to purchase 20,000 to 30,000 tonnes of sunoil and 20,000 to 30,000 tonnes of soyoil

    July 4, 2012 6:17

    Jordan private sector loans rise to $23.4billion in May

    Outstanding private sector loans made by the country's 23 commercial banks stood at 16.2 billion dinars at the end of December 2011, Central Bank of Jordan (CBJ) data obtained by Reuters showed.

    July 4, 2012 6:15
  • LGT Group

    LGT hires Merrill’s Middle East wealth chief

    LGT Group, the Liechtenstein-based private bank, has hired Tamer Rashad from Bank of America Merrill Lynch to run its newly established wealth management business in the Middle East, it said in a statement Wednesday.

    July 4, 2012 6:09
  • 200-nbad-logo

    UAE’s NBAD expands into Malaysia with new branch

    National Bank of Abu Dhabi , the largest lender by market capitalization in the United Arab Emirates, has opened its first branch in Malaysia, expanding the bank's global operations to 14 countries.

    July 4, 2012 6:05
  • etihad-news

    Revenues up 31 percent at Abu Dhabi’s Etihad Airways

    Revenue at Etihad Airways were up 31 percent in the second quarter as the Abu Dhabi-based airline continued to expand its global network.

    July 4, 2012 6:04
  • Glencore fights to save $26 billion Xstrata bid

    Xstrata investor backs Qatar proposal for better deal

    Activist fund Knight Vinke, a top-20 shareholder in miner Xstrata, said on Tuesday it supported a surprise call from fellow investor Qatar for better terms in a takeover offer from commodities trader Glencore .

    July 4, 2012 12:07