SANA’A: Yemen’s central bank slashed its main interest rate by 3 percentage points to a three-year low yesterday following a sharp decline in...
SANA’A: Yemen’s central bank slashed its main interest rate by 3 percentage points to a three-year low yesterday following a sharp decline in...
MUSCAT: On a cold, hazy morning in the desert outside the northern town of Bahla last week, Oman’s ruler told a group of...
DUBAI: Banks in the United Arab Emirates will this year aim to repay capital placed with them at the height of the global...
RIYADH: The Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz of Saudi Arabia has replaced the head of the kingdom’s capital...
DUBAI: Dubai developer Deyaar yesterday reported a marginal increase in full year net profit, as it booked gains from deliveries of long-pending commercial...
BAGHDAD/DUBAI: Qatar Telecom (Qtel) used Iraqi unit Asiacell’s $1.27bn share sale, Iraq’s largest flotation, to raise its stake to 64.1 percent in a...
James Hogan (left), Etihad Airways’ President and Chief Executive Officer, and James Rigney, the airline’s Chief Strategist, at a press conference in Abu...
CAIRO: Egypt’s central bank tightened the pound’s trading band in the interbank foreign exchange market and reduced the frequency of foreign currency auctions...
CAIRO: Egypt’s central bank cancelled an auction of foreign currency yesterday and said it would announce details of upcoming auctions today, signalling a...
TEHRAN: Iran’s currency plummeted to an all-time low yesterday, registering a more than 21-percent drop in a span of two weeks against the...
AMMAN: Jordan’s largest lender, Arab Bank Group, posted a 15 percent rise in 2012 net profit to $352m on higher revenues, with its...
An aerial view of Atlantis Hotel and The Palm Jumeirah in Dubai. DUBAI: The revolts that began in Tunisia at the end of...
DUBAI: Emirates airline, Dubai’s flagship carrier, launched a $750m 12-year amortising bond yesterday, with final pricing due later in the day, arranging banks...
DUBAI: Iran has called for foreign help to recover a $40m gas platform from the Gulf seabed, its Mehr news agency reported, in...
BASRA: A group led by Italy’s Eni is in final talks with Iraq to cut the production target of Zubair oilfield to one...
DUBAI: Bahrain is to auction radio spectrum for next-generation networks, a move that could seen new players enter the market and should see...
DUBAI: Abu Dhabi state investment fund Mubadala expects to cut the cost of a $2bn refinancing it will unveil next week by promising...
ABU DHABI: National Bank of Abu Dhabi, the UAE’s largest lender by market value, posted a 55-percent rise in fourth-quarter net profit, beating...
