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Emirates NBD’s Islamic unit eyes 5-year benchmark sukuk

Emirates Islamic issues MS+350 bps area whisper for sukuk; Books open, with pricing slated for this week; First bond issuance out of the Gulf region in 2012

January 9, 2012 12:56

Oman to boost spending by 26 percent in 2011-2015 plan

Oman plans to boost budget spending by 26 percent to 54 billion rials ($140 billion) in its five-year plan, which ends in 2015, to create jobs and improve living standards, the Gulf Arab state's finance minister said on Sunday.

January 9, 2012 11:19

Oman to subsidise food staples to offset inflation

Oman's government has approved plans to subsidise food staples to offset inflation, a government official at the Gulf sultanate's trade ministry said on Tuesday.

December 14, 2011 10:59

Saudi’s Almarai plans to raise capital by 73.9 percent

Saudi Arabia's Almarai Co, the Gulf's biggest dairy firm by market value, plans to increase its capital by 73.9 percent to 4 billion riyals ($1 billion) from 2.3 billion, it said on Wednesday.

December 7, 2011 12:32

Iraq official seeks air defence deal with gulf

Iraq is seeking a joint defence agreement for airspace with Gulf countries as it moves to secure its air borders after the departure of US forces from the country this month, a senior official said on Sunday.

December 5, 2011 10:55

Qatar Shell in $6.4B petchem plant agreement

Qatar signed a deal with Royal Dutch Shell on Sunday to develop a $6.4 billion petrochemicals complex in the Ras Laffan industrial city in the Gulf Arab state.

December 5, 2011 10:13

Will Qatar’s bond issue close the issuance window for the rest of the GCC?

As Qatar's $5 billion bond issue shows the Gulf can still tempt investors to part with cash, the rest of the region the mega-sale won't be the last this year.

December 3, 2011 12:48

Qatar defies global gloom with $5B bond issue

The GCC sees its biggest bond issue this year with Qatar raising $5 billion, proving that the country remains an investment safe haven. Bonds will likely go to infrastructure projects.

November 30, 2011 2:57

Shortage of skilled staff worry GCC bankers

Without enough skilled staff, banks are just about falling short of catering to increasingly demanding customers. Will the local market make up for the shortage or will banks look abroad?

November 29, 2011 4:08

Syria’s neighbours may soften sanctions blow

Iraq, Lebanon voted against sanctions on Syria; Syrian economy already reeling from 8 months of unrest; Jordan says economic pain is price for pressure on Assad

November 28, 2011 4:54

Kuwait Cabinet resigns

The Kuwaiti government quit on Monday, parliamentary sources said, to resolve demands from protesters and opposition deputies that the prime minister step down over corruption allegations.

November 28, 2011 3:08

Bahrain pledges to act on criticism of crackdown

Bahrain has promised to act on the recommendations of a hard-hitting inquiry that said detainees faced systematic abuse during a government crackdown on pro-democracy protests.

November 27, 2011 1:58

Kuwait police disperse rally

Kuwait police used batons to disperse protesters chanting slogans against the prime minister on Wednesday, injuring an opposition MP, as a group of Kuwaitis wanted for storming the parliament last week turned themselves in, witnesses said.

November 24, 2011 1:52

Abu Dhabi’s Gulf Capital sees to close 4 PE deals in Q1 2012

Abu Dhabi-based private equity firm Gulf Capital is in the final stages of acquiring majority stakes in four regional firms, with closing targeted for the first quarter of next year, the company's chief executive said on Monday.

November 21, 2011 1:18