DUBAI: A Dubai company plans to launch a $689m initial public offer of shares this month as it builds a $2.9bn amusement park...
DUBAI: A Dubai company plans to launch a $689m initial public offer of shares this month as it builds a $2.9bn amusement park...
ISTANBUL: The Turkish government said a company that chopped down 6,000 valuable olive trees in order to build a new power plant must...
CAIRO: SODIC, Egypt’s third-largest listed property group, reported a 37.4 percent rise in nine-month net profit yesterday on the back of strong sales...
ABU DHABI: Markets should not panic over the recent plunge of oil prices because the situation will resolve itself, Opec Secretary-General Abdullah Al...
TUNIS/BENGHAZI: Libya’s escalating political struggles threatened to derail the recovery in the country’s oil sector, as a commander in charge of security at...
ABU DHABI: Kuwait’s government is looking at adjusting its petrol subsidies in order to reduce waste, a senior Kuwaiti official said yesterday in...
DUBAI: Dubai International Financial Centre (DIFC) is on track to double in size over the next decade with companies from China and South-east...
DUBAI: Burgan Bank will open subscription for a KD102.6m ($352.5m) rights issue next Sunday it as looks to fund growth plans and boost...
DUBAI: Dubai’s Limitless will pledge its future revenues to service debt repayments as it attempts a second restructuring of a $1.2bn Islamic loan...
CAIRO: Egypt, facing its worst power crisis in decades, yesterday pledged greater energy cooperation with Greece and Cyprus, a diplomatic move that opened...
DUBAI: The government of the emirate of Abu Dhabi is looking at ways to reform its system of subsidies for electricity and water,...
DOHA: Growth in the GCC’s outstanding bonds was held back in the third quarter of 2014 (Q3, 2014) by weak non-financial sector issuance....
JEDDAH: Saudi Arabia should set up a sovereign wealth fund to protect itself from sliding oil prices by earning higher returns from its...
KUWAIT CITY: Kuwait yesterday awarded a contract worth KD1.4bn ($4.8bn) to a local company for the expansion of the country’s only international airport,...
DUBAI: Saudi Arabia’s No.2 telecommunications operator Mobily restated a year and a half of earnings due to accounting errors yesterday and posted a...
KUWAIT CITY: Kuwait and Saudi Arabia are locked in a new energy row, this time over a jointly operated offshore natural gas field...
KUWAIT: After pampering their citizens for decades with lavish cradle-to-grave welfare systems, some Gulf countries are edging towards cutting the benefits as the...
Amman: The unemployment rate in Jordan for the third quarter of 2014 stood at 11.4 percent, according to the Department of Statistics. It...
