DUBAI: Ajman Bank has sacked its Chief Executive Mohammed Zaqout, less than six months after appointing him to lead the United Arab Emirates’...
DUBAI: Ajman Bank has sacked its Chief Executive Mohammed Zaqout, less than six months after appointing him to lead the United Arab Emirates’...
DUBAI: Dubai unveiled plans yesterday to become a centre for business that follows Islamic principles in areas from banking and insurance to food...
ABU DHABI/DUBAI: Abu Dhabi and Dubai have hired banks to advise on a possible merger of their two main stock exchanges, a state-backed...
LONDON: Libya’s oil exports could return to full capacity in days once strikes in the restive east end, its oil minister said yesterday...
DUBAI: Oman’s central bank yesterday cut the ceiling on interest rates that commercial banks can charge on new personal loans to 6 percent...
RIYADH: High loan growth to the private sector in Saudi Arabia is likely to continue in the next two to three years as...
DUBAI: Bahrain’s economy shrank 0.3 percent from the previous quarter in the April-June period, its first quarterly drop in a year, largely because...
CAIRO: Egypt’s economy will only grow 2.6 percent in the fiscal year ending June 2014, well below the 3.5 percent the government expects...
BASRA: Iraq’s southern oil exports averaged 1.821 million barrels per day (mbpd) in September, down from 2.308 million bpd in August due to...
Riyadh: Saudi Arabian dairy producer Almarai has completed the first hybrid bond offer by a corporation in the Gulf, selling a SR1.7bn ($453.2m)...
DUBAI: Cash-rich Asian and Middle Eastern lenders are taking a larger share of the $100bn global aircraft financing market as Western rivals step...
ABU DHABI: Lebanon’s central bank has been selling some of its holdings of international bonds issued by the Lebanese government to improve its...
ABU DHABI: Yemen’s government may issue a local-currency Islamic bond this year to finance its imports of petroleum products, its central bank governor...
DUBAI: If Iranian President Hassan Rouhani’s dream of reaching a deal with world powers on Tehran’s nuclear program in six months comes true,...
DUBAI: Oman plans to release in January a list of state companies which it aims to privatise, Minister for Financial Affairs Darwish Al...
DUBAI/LONDON: A flight by foreign companies from violent unrest in Egypt threatens to drive up vacancy rates at offices and malls and prompt...
DUBAI: Dubai will double the registration fee charged on real estate transactions in an effort to prevent excessive speculation in its property market,...
SINGAPORE: Turkey raised its gold reserves by the most in five months in August and topped the list of countries that bought more...
