Dubai: Middle East borrowers are increasingly using loans backed by export credit agencies to fund projects as tightening liquidity makes conventional borrowing more...
Dubai: Middle East borrowers are increasingly using loans backed by export credit agencies to fund projects as tightening liquidity makes conventional borrowing more...
DUBAI: The United Arab Emirates' Sharjah Islamic Bank (SIB) plans to issue convertible sukuk equivalent to 10 percent of the lender's capital, it...
Lagos: Abu Dhabi-listed telecoms group Etisalat's Nigerian affiliate is in talks with local banks to renegotiate the terms of a $1.2bn loan it...
MANAMA: U.S. oilfield services and equipment provider McDermott International said on Wednesday it would build a fabrication yard at a shipbuilding complex planned...
Dubai: Most Gulf stock markets fell yesterday as blue chip Emaar Properties pulled down Dubai and stocks going ex-dividend hit Qatar, although Saudi...
CAIRO: Egypt has removed a tariff on raw sugar imports through the end of 2017, Prime Minister Sherif Ismail said on Monday. Traders...
London's iconic cabs were recently adorned with full Gulf Air branding on them as part of a campaign with taxi advertising specialist Sherbet...
London: Saudi Arabia continued to lead Opec’s efforts to cut production, helping the organisation get closer to a goal set out in a...
CAIRO: The Egyptian pound weakened on Wednesday as importers geared up for the Islamic holy month of Ramadan and foreign currency inflows into...
Cairo: Egyptian banks are set to allocate about a quarter of their excess hard currency to foreign firms seeking to repatriate profits, bankers...
Dubai: Most stock markets in the Gulf fell yesterday with Qatar's index hit particularly hard, but Saudi Arabia ended almost flat as petrochemical...
The Arab Monetary Fund (AMF) is organising a Conference on Soundness Indicators for Conventional and Islamic Finance, in cooperation with the International Monetary...
Gulf Air, the Kingdom of Bahrain’s national carrier, has joined forces with Aktina Travel Group, the leading travel organisation in Greece, taking select...
CAIRO: Egypt will receive the second $1 billion tranche of a $3 billion World Bank loan in March, Central Bank Governor Tarek Amer...
Istanbul: There is serious global interest in Turkey's newly founded sovereign wealth fund, particularly from investment banks, and it plans to sign a...
Riyadh: The Custodian of the Two Holy Mosques King Salman bin Abdulaziz of Saudi Arabia starts a month-long Asian tour from today to...
Dubai: Bank Muscat, Oman’s largest bank by assets, is raising $500m through a syndicated loan, banking sources familiar with the situation said yesterday....
KHOBAR, Saudi Arabia: Saudi Aramco’s initial public offering (IPO) could encourage other Gulf countries to list their oil assets, a leading regional economist...
