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Oman-Nizwa-riyal

Oman may budget surplus widens, inflation at 27-month low

Budget surplus at 1.6 bln rials in Jan-May; Oil output up in May despite strikes; Inflation at 2.2 percent in May vs 3.0 pct in April

July 11, 2012 4:39
 
Solar power

Saudi battles excess heat, dust to build solar power

Saudi Arabia, the world's top oil exporter, may finally be getting serious about overcoming the technical and financial hurdles for tapping its other main resource: sunshine.

May 24, 2012 2:06
 
Dubai Lender ENBD's Q1 Profit Beats Forecasts

Dubai Lender ENBD's Q1 Profit Beats Forecasts

Emirates NBD reported a forecast-beating first-quarter net profit as a near 50-percent rise in non-interest income and lower impairments boosted profitability.

April 25, 2012 2:48
 
Mashreq Bank Q1 Net Profit Up 2 Percent

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