The failure of the UAE banking system would jeopardise all the ambitious economic development projects planned by the country, including the Dh660 billion in projects announce ... Discussion
The finance chiefs of the Group of Seven major advanced economies announced a broad five-point action plan to tackle a global crisis that has markets and the banking system re ... Discussion
SAFCO Chairman and Managing Director announced that the Saudi Arabian Fertilizers Co. (SAFCO) reports net profits of SR 3.744 billion during the first nine months of 2008, com ... Discussion
The Saudi stock market, the largest in the Arab world, dived almost six percent to a four-year low on the week's opening day Saturday as leading industrial nations met to tack ... Discussion
France invited Egypt to join the countries that would comprise the G14, a proposed extension of the G8, French Foreign Minister Bernard Kouchner told reporters in Cairo on Sat ... Discussion
British sports car maker Aston Martin, which is controlled by The Investment Dar , plans to raise US$1.9bn by selling shares in a new Middle Eastern company, which might be la ... Discussion
British sports car maker Aston Martin, which is controlled by The Investment Dar , plans to raise US$1.9bn by selling shares in a new Middle Eastern company, which might be la ... Discussion
The Governor of the UAE Central Bank HE Sultan Bin Nasser Al Suwaidi asserted that the national and foreign banks in UAE enjoy a strong financial position. Discussion
The Saudi stock market, the largest in the Arab world, opened the week's trading Saturday down seven percent, diving below the 6,000-point mark. Discussion
The Gulf information technology (IT) market is expected to cross AED 44 billion by 2011, representing a growth of almost 12 per cent, according to the latest IDC reports. Discussion
Kuwait Petroleum Corporation (KPC), Kuwait top state oil company, plans investments and projects worth KD20bn in the next five years, an official said. Discussion
The Mideast food service market is estimated to be worth more than $31B annually, according to recent studies, with the growing population, relatively high purchasing power an ... Discussion
It has been one of the most volatile, if not the most volatile month in the history of GCC capital markets. Amidst huge volatility, all the regional markets declined significa ... Discussion
The credit squeeze in the United States, Europe and some of the oil-rich Gulf countries has convinced many Lebanese expatriates and Arab nationals to transfer parts of their m ... Discussion
The Arabian Gulf makes a huge contribution to the world's energy, providing roughly 33 per cent of total world oil production in 2006 and 18 per cent of total world LNG shipme ... Discussion
The official selling price (OSP) of Abu Dhabi crude oil grades averaged $96.90 (Dh356) per barrel in September, down 19.64 per cent from the previous month in line with fallin ... Discussion
The Wall Street crash has provoked undisguised gloating among the US's enemies in the Middle East who claim the global financial crisis is a further sign that the US has lost ... Discussion
Group of Seven finance chiefs agreed Friday to use "all available tools" to support major banks and prevent their failure as they sought to dampen a financial firestorm threat ... Discussion
Istanbul will host tomorrow (Saturday) an Arab-Turkish business forum which would feature Foreign Ministers of Turkey, Saudi Arabia, Syria, Algeria, Djibouti. Discussion
Gold prices jumped more than four percent Friday as investors scrambled for safe havens amid the latest shares meltdown. Gold jumped 38.5 US dollars to 925 dollars an ounce on ... Discussion
