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Nokia charging back with full force
Saudi government websites targeted
Waha Capital, an Abu Dhabi-listed investment firm, said its fourth-quarter net profit fell 46 percent, with the company citing a one-time gain in its year-ago results for the drop.
February 1, 2012 12:54
UAE Exchange, one of the largest foreign exchange firms in the United Arab Emirates, has sold a 40-percent stake to Centurion Investment, the companies said on Tuesday, in a deal said to be worth $2 billion.
February 1, 2012 12:49
Qatar's sovereign wealth fund Qatar Investment Authority (QIA), is in the final stages of acquiring Credit Suisse's headquarters in London and may sign the deal in a few weeks, two sources familiar with the matter said.
January 30, 2012 7:19
Masraf Al Rayan, Qatar's fourth-largest bank by market value, posted a 16.3 percent increase in full-year net profit, it said in a statement on Sunday.
January 30, 2012 3:33
US private equity firm Carlyle Group's Middle East head Walid Musallam is leaving the firm following disagreement over the company's strategy in the region, two sources told Reuters on Monday.
January 30, 2012 3:09
Conglomerate Dubai Investments, whose manufacturing business was hit by political unrest in Libya and Syria last year, swung to a quarterly loss on Monday, hurt by lower asset valuations.
January 30, 2012 3:05
Two of Kuwait's largest investment firms have cut nearly 100 jobs in cost-cutting measures, sources said on Sunday, as they grapple with difficult market conditions.
January 22, 2012 5:37
Iraq has invited foreign companies to compete for a $450 million monorail project in the southern holy city of Kerbala, which hosts millions of Shi'ite pilgrims each year.
January 22, 2012 5:35
Private investment funds Terra Nex of Switzerland and Germany's Middle East Best Select (MEBS) plan to build 400 megawatts (MW) of solar power generating capacity in Oman, the European investors said on Sunday.
January 16, 2012 12:49
Egyptian group Orascom Development and local real estate firm Madinet Nasr Housing scrapped an agreement to cooperate in developing the Tigan real estate project, Orascom said on Monday.
January 16, 2012 12:24
KIPCO prices 80 mln dinar 4-yr, two-tranche bond - lead; First local currency bond in Kuwait this year
January 15, 2012 2:29Arqaam Capital, a Dubai-based regional investment bank, has acquired Egyptian brokerage firm El Rashad Securities, tapping into low valuations and growth prospects in the politically unstable North African country.
January 8, 2012 3:53Dubai Islamic Bank's Chief Executive Officer Abdulla Al Hamli has resigned from the board of Gulf Finance House , the Bahraini investment bank said Sunday.
January 8, 2012 10:43
Liquidity and lack of short-selling were reasons for MSCI's decision to keep the UAE as a frontier market. And MSCI sees little time for the country to implement reforms before next review.
December 18, 2011 3:58Creditors of Kuwait's Global Investment House have agreed to delay repayment of the principal of their debt to the middle of next year, the company said on Monday, so it can undertake a second restructuring.
December 13, 2011 11:38
Employees say no promises for higher wages have yet been made.
May 21, 2013 11:57
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
