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
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
An Egyptian government building was set on fire on Sunday as protests disrupted the heart of Cairo for a fourth day and public figures demanded a faster transition to civilian rule.
February 5, 2012 12:51
Loss-making Spanish airline Spanair ceased operations on Friday night, grounding all its airplanes after its owner, citing the country's economic crisis, said it would not sink any more money into the company.
January 28, 2012 12:57