Dubai government-owned Jebel Ali Free Zone plans to launch and issue a $650 million seven-year Islamic bond or sukuk this week, and books are now open, arranging banks said on Tuesday.
June 12, 2012 11:07
No companies put in offers for oil Block 11 in Iraq's new energy bidding round, the oil ministry said on Wednesday.
May 30, 2012 5:37
Gulf telecoms companies, most of which are ultimately government-controlled, must further privatise and consolidate to survive in an increasingly tough environment, former chief executive of Kuwait's Zain said on Tuesday.
May 30, 2012 12:58
Saudi Arabia aims to complete a study on setting a minimum wage for private sector workers within four months, local media quoted the labour minister as saying, part of a government drive to make jobs more appealing to nationals and cut unemployment.
May 29, 2012 12:25