RIYADH: Saudi Arabia’s attempts to reform its expatriate-heavy labour market have put more than 600,000 locals into jobs at private companies, a senior...
RIYADH: Saudi Arabia’s attempts to reform its expatriate-heavy labour market have put more than 600,000 locals into jobs at private companies, a senior...
RIYADH: Saudi Arabia’s central bank plans to launch a real estate refinancing company with SR5bn ($1.3bn) of capital to help develop the kingdom’s...
DUBAI: Downbeat global sentiment weighed on Middle East markets yesterday, with Egypt’s bourse further shaken by a court ruling freezing assets of 23...
Journalists visit the Shams 1 solar power plant in Al Gharibiyah district on the outskirts of Abu Dhabi yesterday. MADINAT ZAYED, UAE: Oil-rich...
DUBAI: Banks helped lift the Abu Dhabi and Dubai bourses yesterday as investors bet on a fundamental improvement in the sector, while most...
DUBAI: UAE’s central bank yesterday said it wanted to finalise a review of regulations on mortgages, banks’ loan exposure and liquidity to make...
Gulf Bank’s new Chairman Omar Qutayba Al Ghanim (right) sits next to outgoing Chairman Mahmoud Al Nouri ahead of the bank’s annual general...
DUBAI: Bahrain Telecommunications Co (Batelco) is in talks with Reliance Communications to buy a stake in the Indian operator’s enterprise business unit, the...
SINGAPORE: Asia’s Middle East crude market may strengthen when trading in May barrels begins this week, supported by refineries in Asia returning from...
Vehicles in a queue at a petrol station in Cairo. Egypt’s Oil Minister Osama Kamal has dismissed the head of state-owned Misr Petroleum...
DUBAI: Dubai’s Arabtec rebounded yesterday after the builder changed some of the terms of a proposed capital hike that had sent its shares...
Bahrain’s Central Bank Governor Rasheed Al Maraj speaks during the GCC Governors meeting in Manama yesterday. MANAMA: Bahrain’s central bank expects economic growth...
Kuwait: The Arab Investment and Export Credit Guarantee Corporation (Dhaman) is encouraging investments in Arab countries and development of exports to world markets,...
MANAMA: The UAE central bank must act this year to push forward previously issued rules and policies, a senior central bank official said...
DUBAI: Gulf Investment Corp (GIC) will invest $50m in Virgin Mobile’s Middle East operation, a sign that the region may be ready to...
CAIRO: Egypt is studying an IMF offer of a bridging loan, a finance ministry source said yesterday, as Cairo tries to weather a...
DUBAI: The British government launched a campaign to promote London as a centre for Islamic finance, seeking to counter growing competition in that...
DUBAI: Qatar’s Central Bank yesterday issued QR1bn of local currency sukuk and QR3bn of local currency conventional bonds, as part of an adjustment...
