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Nokia charging back with full force
Saudi government websites targeted
Demand for sukuk projected to triple in five years; This year's issuance to set record but much smaller; E&Y says supply-demand gap could widen further; Awqaf are becoming major source of demand; Lack of intermediaries, common platform are constraints
September 9, 2012 11:49
Jordan-based private equity firm Foursan Group has acquired a 6.6 percent stake in Jordan Dubai Islamic Bank, making it the bank's second largest stakeholder, Foursan said on Thursday.
September 6, 2012 5:42
Quarterly profit drops for second straight quarter; Revenue falls, sales costs rise; Cash balance triples from 2011-end; Tamweel pulled asset-backed sukuk sale last week
July 11, 2012 12:26
Egypt's foreign reserves rose by $18 million in June to $15.53 billion, their third month of increases after having dropped every month since the uprising that ousted Hosni Mubarak in February 2011, the central bank said on its website on Sunday.
July 9, 2012 10:45
The three-year loan, which replaces a $1.85 billion facility set to mature on July 22, will be marketed by Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC , JP Morgan and Standard Chartered, four sources said.
June 24, 2012 10:25
National Bank of Umm Al Qaiwain (NBQ), a bank in the United Arab Emirates, said on Wednesday it had won a delay in a $250 million judgement against it in a case involving Kuwaiti group Global Investment House .
June 20, 2012 5:40
A top commercial banker in the United Arab Emirates has urged the central bank to cut some of its reserve requirements sharply in order to spur corporate lending.
June 20, 2012 11:35
Foreign reserves at safe levels cover 5 months' imports; 2012 outlook underpinned by remittances, tourism, Arab aid; Resilient banking sector with $35 bln deposits a cushion
June 19, 2012 5:34
Egypt's central bank sold 2.5 billion Egyptian pounds ($414.24 million) in five and seven-year bonds on Monday, the same amount it had initially sought, the finance ministry said.
June 12, 2012 11:14
The source, who declined to be named ahead of any official announcement, said JAFZA aimed to raise $650 million from the new sukuk and $1.2 billion from the Islamic facility.
June 6, 2012 12:08
Saudi Arabian Mining Co (Maaden) is seeking a 7 billion riyal ($1.86 billion) loan from local banks, a Saudi banker told Reuters on Wednesday.
April 19, 2012 9:38
With companies in the GCC spending up to $2million in cost-cutting consulting services, McGill Consulting Group explores the decision-making process cost-cutting and how firms are coping with these changes.
March 19, 2012 3:34
Qatar's state budget for next fiscal year will be roughly the same size as the current year's budget, finance and economy minister Youssef Kamal said on Monday.
March 12, 2012 1:44
Doha Bank priced a $500 million bond on Wednesday through arrangers Morgan Stanley and JP Morgan at the tighter end of guidance, indicating strong demand for the issue.
March 8, 2012 3:38
Kuwait Finance & Investment Co. (KFIC) said on Wednesday that holders of its 21.5 million-dinar ($77.24 million) bonds have approved the company's proposed debt restructuring plan.
March 7, 2012 2:10
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
