DUBAI: Islamic Development Bank (IsDB), a Jeddah-based multilateral institution, raised $1bn from the sale of a five-year Islamic bond, or sukuk, at par...
DUBAI: Islamic Development Bank (IsDB), a Jeddah-based multilateral institution, raised $1bn from the sale of a five-year Islamic bond, or sukuk, at par...
HAMBURG: Egypt’s state-owned Food Industries Holding Company (FIHC) has bought 9,000 tonnes of soy oil and 12,000 tonnes of sunflower oil in an...
ABU DHABI: UAE healthcare provider Al Noor Hospitals Group aims to raise some $150m through an initial public offering (IPO) of shares on...
DUBAI: The International Monetary Fund hopes to agree a new longer term loan for impoverished Yemen by the end of 2013 and mobilise...
DUBAI: Royal Bank of Scotland’s former chief executive of its Middle East and Africa business is joining Abu Dhabi-based First Gulf Bank (FGB),...
Cairo: Russia’s Altimo failed to secure a majority stake in Egypt-based Orascom Telecom by a Monday deadline and said it was ready to...
DUBAI: Abu Dhabi Investment Authority is reducing target exposures to developed market stocks and looking for growth in emerging markets, the sovereign wealth...
JERUSALEM: The Bank of Israel kept up its battle against shekel appreciation and the prospect of slower export growth with its second interest...
DUBAI: Peru’s economic growth is likely to be close to 6.1 percent this year but more data is needed before the central bank...
US Secretary of State John Kerry (left) speaks with Palestinian President Mahmoud Abbas at the World Economic Forum on the Middle East and...
CAIRO: Revenue from Egypt’s Suez Canal declined 6.2 percent in April from a year earlier to $406.1m, Egypt’s State Information Portal said yesterday. ...
A file picture shows a man with his electric car at a charging station at the first electric vehicle demonstration centre, built by...
KUWAIT: The resignation of Kuwait’s oil minister Hani Hussein has been accepted, local media reported, after he came under pressure from lawmakers wanting...
DUBAI: Mall developer Majid Al Futtaim Holding (MAF) is looking to raise at least $500m from the issue of a hybrid debt sale...
ANKARA: Frustrated with the slow progress of its bid to join the EU, the rash of free trade pacts Brussels is negotiating that...
DEAD SEA, Jordan: Arab Bank, the country’s largest lender, said it expects double digit profitability in 2013 as much lower provisions and steady...
DUBAI: Arabtec, the contractor part-owned by Abu Dhabi state fund Aabar, has won a $197m contract to build a hotel and residential project...
BAGHDAD: Iraq oil exports averaged 2.6 million barrels per day (b/d) in May, affected by attacks on a northern Kirkuk pipeline while production...
