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Nokia charging back with full force
Saudi government websites targeted
Saudi Arabia's Etihad Etisalat (Mobily) signed a 10 billion riyals ($2.67 billion) sharia-compliant loan refinancing with a group of seven local banks, the telco said on Sunday, taking advantage of favourable borrowing rates in the kingdom.
February 12, 2012 2:26
Banks in Lebanon are quietly implementing US and EU sanctions to avoid jeopardising international business. As a result, some Syrian money may be flowing to Russia or UAE.
February 11, 2012 7:08
Abu Dhabi lender Union National Bank's fourth-quarter profit fell 19.2 percent after the bank set aside more money to meet potential loan losses arising from exposure to Dubai Holding Group entities.
February 7, 2012 3:22
Abu Dhabi's Dolphin Energy, majority-owned by state fund Mubadala, plans to raise as much as $1 billion from a ten year bond issue, with the offering set to price as early as Tuesday, a statement from lead managers said.
February 7, 2012 2:28
Commercial Bank of Kuwait (CBK) posted a sharp drop in full-year net profit on Sunday, according to a company statement.
February 6, 2012 2:32
Q4 earnings fall almost 59 pct - Reuters calculations; Net interest, Islamic income down 15 pct in 2011; Fee, commission income fall 8 pct; Provisions decrease 32 pct in 2011
February 2, 2012 1:35
Targets affiliates of Revolutionary Guard Corps; Could lead to sanctions on those who buy from NIOC, NITC; BP's Shah Deniz gas project would be excluded
January 31, 2012 2:44
The chief executive of Dubai lender Emirates NBD's investment banking division is leaving the bank, three sources familiar with the matter said.
January 29, 2012 12:35
Q4 earnings jump 38.5 pct, misses forecasts but shares climb; Provisions down, interest and Islamic finance income up
January 28, 2012 1:36
CBQ posts 22 pct Q4 profit growth, misses estimates; Full-year net profit of 1.9 bln riyals; Loans and advances grew 24 pct in 2011
January 26, 2012 1:42
Saudi Arabia may cut call-termination rates for telecom operators in 2013, the chief executive of Etihad Etisalat (Mobily) told Reuters, in a move that would spur increased competition in the Kingdom.
January 25, 2012 2:05
National Bank of Oman , the Gulf state's second largest lender by assets, reported a 25.5 percent rise in fourth-quarter net profit, Reuters calculations show, but the results missed analysts' forecasts.
January 24, 2012 1:40
Bank Nizwa, Al Izz to IPO by June, according to central bank sources, with Oman Arab Bank likely to lead the offering.
January 23, 2012 2:07
Company appoints Faisal Shaker as Head of Wealth, Saudi Arabia
January 22, 2012 11:56
Doha Bank, Qatar's fifth largest bank, posted a 49.4 percent jump in fourth-quarter net profit, on increased lending and deposits, but the result missed two analysts' average forecast.
January 19, 2012 2:31
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
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
