AMMAN: Jordan raised its overnight rate on dinar deposits yesterday by 75 basis points to 4 percent, acting to bolster the currency and...
AMMAN: Jordan raised its overnight rate on dinar deposits yesterday by 75 basis points to 4 percent, acting to bolster the currency and...
DUBAI: Iraqi telecom operator Asiacell will launch its long-awaited initial public offering (IPO) on January 3, a company spokesman said yesterday, in what...
DUBAI: London-based QIB UK, a subsidiary of Qatar Islamic Bank, has closed its seventh Islamic capital-protected note with plans to roll out similar...
DUBAI: Bahrain Telecomm-unications Co (Batelco) has agreed to buy Cable & Wireless Communications’ assets in Monaco and some islands in a deal worth...
DUBAI: Dubai is back in the business of unveiling mega projects, three years after a severe financial crisis crippled its booming property sector,...
Al KHOBAR: Saudi mining firm Maaden signed deals worth SR977m ($260m) with US firms Fluor Corp and Bechtel to help develop an industrial...
KUWAIT: Shareholders in Kuwait’s Global Investment House have approved the delisting of the stock from the Kuwait bourse, nearly a year after firm’s...
Al KHOBAR: Five international engineering firms have bid to build a 50,000 tonnes-per-year polyacetal plant at Ibn Sina, an affiliate of Saudi Basic...
ABU DHABI: Abu Dhabi National Energy Co (Taqa) has bought a 53.2 percent operating interest in an oil block in Iraqi Kurdistan from...
ABU DHABI: A long-awaited law to allow further foreign ownership of companies in the United Arab Emirates (UAE) is unlikely to be passed...
ABU DHABI: Abu Dhabi National Energy Co (Taqa) will buy a number of BP’s North Sea assets for over $1.3bn in a sign...
AMMAN: Saudi Arabia is about to deposit $250m with Jordan’s Central Bank as part of an $800m planned contribution to help the country’s...
ABU DHABI: Gulf regulators are seeking advice from a committee that wrote stricter rules on bank capital being introduced on January 1 to...
KUWAIT: Kuwait Finance House (KFH), the state’s largest Islamic lender, will recommend a 20 percent capital hike to shareholders, the company said in...
DUBAI: Dubai is reviving massive real estate projects as its economy recovers from a corporate debt crisis, but this time around, constraints on...
Dubai: Total acquired a 10-year petroleum product distribution licence in Jordan that will allow its marketing & services subsidiary Total Jordan to cement...
DUBAI: Etisalat, the United Arab Emirates’ No. 1 telecom operator, is committed to its Saudi Arabian affiliate Mobily, the former monopoly’s CEO said...
DUBAI: Dubai Group, part of the ruler of Dubai’s personal empire, has cut half its staff of about 30 people as part of...
