CAIRO: Egypt’s central bank said it would offer $1.5bn in one-year dollar-denominated treasury bills at a November 26 auction, rolling over bills maturing...
CAIRO: Egypt’s central bank said it would offer $1.5bn in one-year dollar-denominated treasury bills at a November 26 auction, rolling over bills maturing...
DUBAI: Saudi Arabia burned record volumes of crude oil over the summer, official government figures show, contrary to its aim of using more...
DUBAI: Emaar Properties’, revenue from apartments sales more than tripled in the third quarter, helping Dubai’s largest developer overcome a sharp decline in...
MUSCAT: Oman will issue five-year government development bonds worth 100m rials ($260m) at an annual interest rate of 3.25 percent, a statement from...
DUBAI/JEDDAH: Barclays did not make any “illegal payment” to win a banking licence in Saudi Arabia, the bank said in a statement in...
LONDON: Oil rose towards $109 a barrel yesterday as a showdown between Israel and the Palestinians stoked worries about supply, but ample stockpiles...
DUBAI: When two real estate developers from the United Arab Emirates announced a big project in Egypt last month, it was more than...
KHOBAR: Saudi Aramco, the world’s biggest oil producer, signed deals yesterday worth an estimated $6bn to build a refinery in the impoverished region...
DUBAI: Bahrain’s stock market is the worst-performing in the region this year, but it has a major attraction: ultra-high dividend yields. Unfortunately, the...
DUBAI: Supplies of gas from Turkmenistan to Iran have been halted due to a dispute over purchasing terms, Iranian Oil Minister Rostam Qasemi...
KUWAIT: Kuwait’s Global Investment House (GIH) said yesterday that three of its creditors had failed to back a $1.7bn debt restructuring plan and...
DUBAI: United Arab Emirates-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya...
DUBAI: First Gulf Bank, the second-largest lender by market value in the United Arab Emirates, has signed a three-year $900m loan with a...
By Satish Kanady DUBAI: Sony, the leading consumer electronics and entertainment brand, has unveiled three of its latest cameras: the Alpha SLT-A99, the...
DUBAI/PARIS: Societe Generale is nearing the sale of its majority stake in an Egyptian bank to Qatar National Bank (QNB), sources familiar with...
ABU DHABI: UAE group Dolphin Energy has awarded a $250m contract to Indian group Larsen & Toubro to upgrade a gas plant in...
Sheikh Mohammed bin Rashid Al Maktoum (centre), Vice President and Prime Minister of the UAE and Ruler of Dubai, looks on during a...
CAIRO: The Egyptian government expects to sign a memorandum of understanding with the International Monetary Fund for a $4.8bn loan before an IMF...
