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  • UAE-economy-minister-cuts-2012-GDP-growth-outlook

    UAE business activity at 3-month low in June

    The HSBC UAE Purchasing Managers' Index, which measures the performance of the manufacturing and services sectors, fell to 53.2 points last month from an 11-month high of 53.8 in May.

    July 3, 2012 12:40
  • dubai-campaign

    Dubai’s GGICO signs debt restructuring deal

    GGICO signs debt restructuring with 25 lenders; Debt extended for 7 years, no amount given; Co has investments in manufacturing, industrials and retail

    July 3, 2012 11:40
  • Saudi-Arabias-may-inflation-eases-to-5.1-percent

    Saudi Arabia approves mortgage law

    Expected to fuel real estate boom in kingdom, banks to benefit; Housing one of key social issues in Saudi Arabia

    July 3, 2012 10:49
  • Egypt's EFG defends executives against graft charges

    EFG Hermes suitor’s takeover approach stalls

    An attempt by a group of Egyptian and Arab Gulf investors to buy the Middle East's biggest home-grown investment bank EFG Hermes has stalled after the consortium failed to secure enough EFG shares to challenge management.

    July 2, 2012 3:47
  • Tunisian recovery-IMF

    New Egypt government to approach IMF soon

    Egypt will approach the International Monetary Fund (IMF) and other financial institutions to help get its economy back on track once new President Mohamed Mursi appoints a government, one of his financial advisers told Reuters.

    July 2, 2012 3:45
  • turkish economy

    Turkish markets underpinned by growth data, CPI eyed

    Lira off lows after data shows Q1 growth slowdown; Bonds also off lows after data; Trading thin a day ahead of key inflation numbers

    July 2, 2012 3:44
  • Sultan Qaboos

    Omanis protest in sign of renewed discontent

    Dozens of Omanis demanding jobs have staged peaceful protests in the industrial town of Sohar, witnesses said, in a sign of renewed discontent more than a year after waves of demonstrations died down.

    July 2, 2012 10:14