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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
 
Indian Shipping Firms to Carry Iran Crude despite Reduced Insurance

Indian Shipping Firms to Carry Iran Crude despite Reduced Insurance

Indian shipping firms will continue to transport Iranian crude even if limited insurance coverage due to tightening Western sanctions leaves them financially exposed to a spill or accident, a top executive and industry sources said.

April 24, 2012 2:50
 
Aramex Q1 Net Profit Rises 22 Percent

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 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
 
First Gulf Bank Q1 Net Up 7 Percent

First Gulf Bank Q1 Net Up 7 Percent

The bank made a net profit of 935 million dirhams ($ 254.7 million) in the three months to March 31, up from 875.28 million dirhams in the prior-year period, FGB said in a statement on Monday

April 23, 2012 4:18
 
Commercial Bank of Qatar Q1 Profit Rises 5.6 Percent

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
 
Kuwait markets steady after Islamist election win

Kuwait markets steady after Islamist election win

Kuwaiti financial markets were steady on Sunday after the Islamist-led opposition won control of parliament in an election, a victory which could worsen political tensions but conceivably also lead to fresh government spending measures.

February 5, 2012 1:07
 
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