KUWAIT CITY: Thousands of oil workers in Opec member Kuwait plan to go on strike over a government decision to cut their wages,...
KUWAIT CITY: Thousands of oil workers in Opec member Kuwait plan to go on strike over a government decision to cut their wages,...
DUBAI: A unit of Dubai Holding, owned by the emirate’s ruler, has sold a piece of land to fast-growing shopping mall developer Majid...
ABU DHABI: First Gulf Bank increased its 2013 dividend payout by 20 percent after posting record quarterly earnings, as the United Arab Emirates’...
ISTANBUL: Turkey’s central bank, fighting to defend the lira, sent strong signals yesterday that it is about to raise interest rates in a...
DUBAI: Bahrain Telecommunications Co (Batelco) posted a 61 percent drop in fourth-quarter net profit yesterday as one-off expenses outweighed a 29 percent rise...
DUBAI: Saudi Arabia’s Mobily will start leasing its mobile phone network to a new operator to launch a rival service in the first...
ABU DHABI: Abu Dhabi’s residential real estate market rebounded strongly last year from a slump, helped by government intervention, a report by a...
ABU DHABI: Abu Dhabi Commercial Bank (ADCB), the UAE’s third largest lender by market value, posted a 40 percent rise in fourth-quarter net...
TRIPOLI: Libya will list by March its first real estate investment fund compliant with Islamic law, one of the arrangers said yesterday, seeking...
TRIPOLI: Libya will list by March its first real estate investment fund compliant with Islamic law, one of the arrangers said yesterday, seeking...
AMMAN: Jordan’s largest lender, Arab Bank Group, posted a 43 percent rise in net profit to $501.9m last year on higher revenues, with...
DOHA: Strongly supported by Qatar and Saudi Arabia, Credit Suisse expects the Gulf region to post another year of solid gains on improving...
DAVOS, Switzerland: Iran will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of...
ANKARA: The beleaguered Turkish lira recovered from all-time lows yesterday after the central bank intervened directly in foreign exchange markets for the first...
DAVOS, Switzerland: Dubai retailer Majid Al Futtaim, which holds the Carrefour franchise in the Middle East, plans to invest about $2.3bn in Egypt...
Doha: National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of $844m (KD238.1m) for the year 2013 compared with $1,082m...
DUBAI/ABU DHABI: Abu Dhabi’s Emirates Steel is in talks with banks for a $1.3bn loan to help refinance an existing facility and raise...
DUBAI: Oman’s Bank Sohar, currently in talks with rival lender Bank Dhofar over a possible merger, posted a 20.5 percent increase in fourth-quarter...
