DUBAI: GEMS Education, a Dubai-based schools operator, is seeking to raise about $500m from a debut sale of hybrid Islamic bonds to finance...
DUBAI: GEMS Education, a Dubai-based schools operator, is seeking to raise about $500m from a debut sale of hybrid Islamic bonds to finance...
KUWAIT: Kuwait’s stock exchange plans to launch derivatives trading in the first half of 2014 using its new Nasdaq-backed trading system, a senior...
DUBAI: Saudi shares extended losses as earnings disappointed investors, while most other Middle East bourses retreated in profit-taking. Saudi’s retail and telecom sectors...
DUBAI: Morgan Stanley Inc is seeing a resurgence in investment banking activity in the Gulf Arab region and expects an end to large-scale...
TRIPOLI: Libya is considering the sale of a steel plant and eight other state companies as part of efforts to overhaul an inefficient...
ISTANBUL: Turkey will today unveil the world’s first sea tunnel connecting two continents, fulfilling a sultan’s dream 150 years ago, but also fuelling...
ABU DHABI: A Syrian agency re-issued two tenders yesterday, seeking quantities of rice and sugar it has repeatedly tried and failed to obtain...
DUBAI: Bahrain is still in the early stages of a series of bank mergers designed to strengthen the sector in the face of...
Mohammed Frikha, founder and owner of Syphax Airlines. TUNIS: The growth of a small Tunisian airline over the past two years is a...
CAIRO: Egypt, the world’s biggest wheat importer, will issue an international tender within the next two to four weeks to ensure its wheat...
Zain Group Chief Executive Scott Gegenheimer during the interview. KUWAIT: Mobile telecommunications group Zain wants to expand in North Africa by taking controlling...
CAIRO: Egypt is planning a charm offensive to persuade Gulf Arab entrepreneurs to invest in its economy, battered by political upheaval, protests and...
TRIPOLI: US firm Marathon Oil will continue operating in Libya after giving up plans to sell its stake in Waha Oil Company, Oil...
AMMAN: Jordanian lender Arab Bank Group’s nine-month net profit rose 15.4 percent to $559m, helped by growth in net interest income and operating...
The UAE Vice President, Prime Minister and Ruler of Dubai, H H Sheikh Mohammed bin Rashid Al Maktoum tours the newly opened Al...
DUBAI: Cash handouts on fuel introduced by Iran’s previous government to offset price hikes are depriving state energy companies of funds needed to...
DUBAI: Saudi Arabia’s largest listed company Saudi Basic Industries Corp (SABIC) fell from a 18-month high yesterday, weighing on the kingdom’s bourse after...
DUBAI: Topaz Marine, a unit of Oman’s Renaissance Services, priced its $350m debut bond, a statement from the parent firm said on Sunday,...
