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Nokia charging back with full force
Saudi government websites targeted
With the Middle East’s aviation industry fast becoming the world’s strongest and Dubai’s need for more revenue generation, the emirate is banking on its aviation industry as a solid net.
March 6, 2012 12:55
Royal Bank of Scotland has ended a tie-up with Dubai's Rasmala Investment Bank to provide equity research on Middle Eastern companies, the part-nationalised U.K. lender said on Sunday.
March 4, 2012 11:25Royal Bank of Scotland has ended a tie-up with Dubai's Rasmala Investment Bank to provide equity research on Middle Eastern companies, the part-nationalised U.K. lender said on Sunday.
March 4, 2012 11:25
Bahrain's Gulf Finance House swung to a full-year profit in 2011 as the troubled sharia-compliant investment firm said its restructuring plan, which included significant cost-cutting, helped reverse its fortunes.
March 1, 2012 1:48
Commercial International Bank (CIB), Egypt's biggest private bank by assets, said on Wednesday its consolidated net profit fell 20.1 pct in 2011 as the economy slowed in the wake of Egypt's popular uprising.
February 23, 2012 10:27
Al Meera Consumer Goods Co , which recently struck a deal to franchise French retailer Casino's Geant hypermarkets in the parts of the Gulf, will explore financing options to fund its expansion plans.
February 21, 2012 4:49
Belgium-based SWIFT, which provides banks with a system for moving funds around the world, bowed to international pressure on Friday and said it was ready to block Iranian banks from using its network to transfer money.
February 19, 2012 10:09
Kuwait Finance House (KFH) , the country's largest Islamic bank, said on Wednesday its profit fell by 24 percent in 2011, as the lender put aside money to meet investment losses.
February 15, 2012 2:35
Dubai's Emirates airline has hired three local banks to arrange a 1.9-billion dirhams ($517.3 million) Islamic loan facility to finance three aircraft, the chief executive of one of the banks confirmed on Tuesday.
February 7, 2012 3:12
Saudi Arabia's Finance Minister Ibrahim Al-Assaf said on Tuesday that it was too early for his country to offer a fresh financial contribution to the International Monetary Fund.
February 7, 2012 2:31
Tensions over Iran, unrest in Syria and concern about refinancing of upcoming Dubai debt are making international investors wary of Gulf and other Middle Eastern markets this year, just as developed markets enjoy fresh gains.
February 7, 2012 2:25
Syria's central bank will intervene to prop up its currency - which has plunged under the mounting pressure of sanctions and violence - and has the reserves to back that strategy, Kuwaiti state news agency KUNA cited governor Adib Mayaleh as saying on Monday.
February 6, 2012 3:00
Abu Dhabi-based investment firm, The National Investor (TNI), has shed more than half of its workforce and is planning more job cuts in a bid to reduce costs in response to tough financial markets, several sources told Reuters on Monday.
February 6, 2012 2:58
Q4 net profit AED 724M vs AED732 million a year ago; Analysts forecast profit of AED756.4 million for Q4; Q4 impairment charges AED482 million vs AED424 million
January 31, 2012 3:05
Qatar's finance minister, who is also the chairman of Qatar National Bank, said on Sunday QNB could buy Turkey's Denizbank by year's end if the "price is right".
January 30, 2012 3:17
Telecom company exhibits its high impact projects, including Mobile Baby.
May 21, 2013 6:01
As the World Cup draws closer, Qatar's fiscal spending, its only policy tool, may become difficult to restrict.
May 21, 2013 4:23
Search engine giant confirms purchase of popular blogger site as both sides vow to address users' concerns
May 21, 2013 2:52
FNC member argues that minimum wage for domestic workers and maids is '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
