Kuwait’s agility Q1 profit falls 8.1 percent as costs rise
Q1 profit 7.1 million dinars vs. 7.7 million dinars a year ago; Q1 revenue rises 1 percent to 321.8 million dinars
May 17, 2012 11:30
Saudi Inflation Pressure to Continue In Second Quarter
Inflationary pressures are likely to continue in Saudi Arabia in the second quarter, the central bank said in a report published on its website;"The available data points to an expectation of continued inflationary pressure... during the second quarter of 2012," said a quarterly inflation report issued by the Saudi Arabian Monetary Agency (SAMA).
May 13, 2012 3:57
South Korea says UAE, Saudi promise more oil
The United Arab Emirates and Saudi Arabia have promised to fill any gap in South Korea's oil imports if supplies from Iran are disrupted, South Korean Minister of Strategy and Finance Bahk Jae-wan said on Monday.
May 7, 2012 3:34
Bahrain Must Restore Confidence in Its Economy-IMF
Bahrain must consider policies to help restore confidence in its economy after last year's pro-democracy uprisings hurt the small oil exporter's growth, the IMF said on Tuesday; Bahrain's economic growth slowed to 2.2 percent in 2011, down from 4.5 percent in the previous year after social unrest forced businesses to close and investors to withdraw from the country's mutual funds
April 25, 2012 10:49
Mashreq Bank Q1 Net Profit Up 2 Percent
Mashreq bank posted a 2 percent rise in first-quarter earnings, as a fall in provisions outweighed lower total income. Net profit increased to 271 million dirhams ($73.8 million) in the period, up from 265.3 million dirhams a year earlier, a bank statement said.
April 25, 2012 10:39
Aramex Q1 Net Profit Rises 22 Percent
Aramex posted a 22 percent rise in first-quarter net profit on Tuesday, driven by higher revenue from the Gulf and contributions from its recent South African acquisition
April 24, 2012 9:12
Egypt to Offer 3 Billion Pounds in Reopened Bonds
Egypt's Ministry of Finance will offer 3 billion Egyptian pounds ($494.7 million) in reopened bonds at an auction on April 30, the central bank said on Monday.
April 23, 2012 4:23
Commercial Bank of Qatar Q1 Profit Rises 5.6 Percent
The Commercial Bank of Qatar (CBQ) posted a 5.6 percent jump in first quarter profit on Sunday on increased lending and deposits, but still fell shy of analysts' average forecast.
April 23, 2012 9:17
Morocco to Raise Solidarity Tax on Firms to Help Poor
Budget amendment extends reach of tax in 2012; Funds to help develop poor areas to stem discontent; two rates, depending on level of profit.
April 10, 2012 9:45
Egypt's Plan to Sell Debt to Citizens Abroad Delayed
An Egyptian plan to sell certificates of deposit (CDs) - a form of debt - to its citizens living abroad to finance its deficit has been delayed because of technical problems over their issue in a single Gulf country, a minister said on Wednesday.
April 5, 2012 1:22
Egypt Says No IMF Agreement Until June
Egyptian Planning Minister Faiza Abu El-Naga said on Monday that Egypt is expected to sign a $3.2 billion financing package with the International Monetary Fund in June, three months later than it had previously hoped.
April 3, 2012 3:58
Iran sanctions bring unintended, unwanted results
Western sanctions have so far failed to deter Iran from pursuing its nuclear programme and their unexpected and unintended side-effects are producing a new collection of challenges.
March 24, 2012 3:58
Bahrain economic growth slows to 2.2 percent in 2011
Bahrain's economy grew 2.2 percent in real terms in 2011, the Gulf Arab country's statistics office head said on Wednesday, a sharp slowdown from 4.5 percent expansion in the previous year.
March 21, 2012 2:01
UAE economy seen growing almost 4 percent in 2012
The UAE's economy is expected to grow almost 4 percent this year, the Gulf country's Economy Minister Sultan bin Saeed al-Mansouri said on Tuesday.
March 20, 2012 11:03
China oil demand as good as it gets – Clyde Russell
China's record crude imports in February are most likely as high as they will go, at least for the coming months, as rising prices, refinery maintenance and slower economic growth curb demand.
March 12, 2012 4:23
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Turkish Airlines Can Ride Out Turbulence
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Air Berlin doesn't need Etihad's help
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Fake pilot 'on the run'
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26