DUBAI: Yemen has room to gradually reduce interest rates to support economic recovery and needs to focus on consolidating its public finances, an...
DUBAI: Yemen has room to gradually reduce interest rates to support economic recovery and needs to focus on consolidating its public finances, an...
BAGHDAD: Iraq has told ExxonMobil it must choose between working in its southern oil fields or in Kurdistan, and Baghdad expects the US...
Officials of Dragon Oil and Kuwait Energy sign documents for an energy exploration deal with Iraq in Baghdad yesterday. BAGHDAD: Iraqi energy officials...
DUBAI: The Emirates Banks Association (EBA) is discussing proposed caps on mortgages with the United Arab Emirates’ central bank, hoping to raise the...
RAMALLAH: A central bank in the making, the Palestine Monetary Authority (PMA) is a rare bright spot as the economy of the Palestinian...
DOHA: The GCC Economic Forum has given its initial nod to set up a GCC investment company with headquarters in Doha after a...
BAGHDAD: Iraqi mobile operator Asiacell’s $1.35bn share sale will be fully subscribed, bookrunner Rabee Securities said, though a top bourse official and some...
KUWAIT CITY: Kuwait’s national carrier plans to buy up to 21 new aircraft over the next two years after parliament yesterday passed a...
CAIRO: Egypt’s pound extended losses yesterday at a central bank forex auction, leaving it 6.8 percent weaker than when the sales were launched...
DUBAI: The United Arab Emirates central bank has confirmed that it will not impose limits on mortgage loans without consulting commercial banks, after...
DUBAI: The Iranian rial has dropped sharply on the open market since Sunday, following speculation the central bank chief could be sacked in...
DUBAI: Dubai used its first big debt sale of 2013 yesterday to show the world that state had well recovered from its credit...
KHOBAR: Saudi Aramco plans use a record number of rigs this year, more than 170, to search for unconventional gas while drilling for...
DUBAI: Bahrain Telecomm-unications Co reported a 10th profit drop in 11 quarters yesterday as domestic competition and one-off charges from a cost-cutting programme...
TEHRAN: Sky-rocketing fuel and ticket prices, a drop in passenger traffic and foreign currency shortages, all resulting from global sanctions, have forced Iran’s...
KUWAIT: China’s foreign exchange regulator has increased the amount which Kuwait’s sovereign wealth fund can invest directly in the Chinese securities markets to...
DUBAI: National Bank of Oman, the sultanate's fourth-largest lender by market capitalisation, posted a 47.8 percent rise jump in fourth-quarter net profit yesterday,...
KUWAIT: Kuwait’s Jazeera Airways yesterday said it had raised its capital by 74 percent to KD42m ($149m) through a share issue which was...
