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Nokia charging back with full force
Saudi government websites targeted
Oman has started implementing stress tests in its banking sector to limit the impact of the euro zone crisis and a feared global recession, a senior central bank official said on Sunday.
December 11, 2011 6:20
Merrill Lynch draws a fragile connection of events expected in 2012, as debt, weak spending and soft asset prices threaten us with yet another global recession.
December 10, 2011 9:24Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, said on Wednesday that it had appointed Benjamin Weston, a banking industry veteran of more than three decades, as its head of alternative investments.
December 7, 2011 12:55Kuwait's Global Investment House said on Wednesday bondholders have agreed to delay repayment of a 45 million dinar ($163 million) bond to next June from April.
December 7, 2011 12:30Alternative asset manager Investcorp completed the sale of its US portfolio company Accuity Holdings for an aggregate enterprise value of $530 million, the Bahraini company said on Tuesday.
December 6, 2011 11:41Islamic mortgage lender Tamweel, badly hit by the global financial crisis and the region's property bust, has set up a $1 billion bond programme, according to a base prospectus.
December 6, 2011 10:21
The insolvency of an Islamic mortgage lender in Canada may hinder the growth of Sharia-compliant finance in North America, where it is already struggling in the absence of regulation.
December 5, 2011 2:30Emirates NBD named a new group head of wholesale banking as well as a new interim chief executive for Dubai Bank, the United Arab Emirates' largest lender by assets said in a statement on Monday.
December 5, 2011 10:07Bahrain Telecommunications (Batelco) is eyeing a sale and lease back deal for its tower assets in Bahrain and Jordan, a banking source familiar with the matter said, in a move that would raise funds for potential acquisitions.
December 4, 2011 1:48
As Qatar's $5 billion bond issue shows the Gulf can still tempt investors to part with cash, the rest of the region the mega-sale won't be the last this year.
December 3, 2011 12:48
The GCC sees its biggest bond issue this year with Qatar raising $5 billion, proving that the country remains an investment safe haven. Bonds will likely go to infrastructure projects.
November 30, 2011 2:57
Without enough skilled staff, banks are just about falling short of catering to increasingly demanding customers. Will the local market make up for the shortage or will banks look abroad?
November 29, 2011 4:08
Frontier debt traditionally appeals to institutional funds because it provides diversification. But as risk aversion grows and liquidity falls, this is no longer happening, even in the GCC.
November 28, 2011 3:59ENBD keeping bond options open; No decision on sukuk sale yet, timing key;Could confirm banks this week for possible issue; Co has issued $500M in 2011 in private placements
November 28, 2011 2:48Lebanon's economic growth is likely to slow to 2 percent this year, Central Bank governor Riad Salameh told a banking conference on Thursday.
November 24, 2011 2:05
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
