The UAE-based bank made a net profit of Dhs1.02 billion during the period, beating analysts’ forecasts.
As Tiffany & Co. announce a new JV in the region, a global report says the luxury goods market is growing.
Finance Minister Sheikh Hamdan says the country will fill any gap “from its own resources.”
The Kuwaiti telecoms operator reported a loss of 37.3 million dinars compared to the same period last year.
Three UAE cities feature in the list that ranks cities on economic and social factors, labour rights and quality of life.
The UAE-based lender reported a net profit of Dhs668.7 million for the first half of the year.
Dubai-based Emirates NBD made a net profit of Dhs647 million in the second quarter of the year.
Rent prices in the area are up for the first six months of the year, out-pricing costs in Downtown.
Mohammad Al Mojil Group failed to announce its second quarter results, forcing the CMA to suspend trading.
The Kuwaiti investment firm has asked for a four year extension on the Islamic bond which is to mature next month.
The Dubai-based bank made a second-quarter net profit of around Dhs320 million, mainly due to a drop in provisions.
The Dubai-based e-procurement technology provider plans to expand operations across the GCC.
The telecoms firm’s $1.69 billion rights issue was subscribed by more than 632 million shares.
The group, with links to the royal family, has bought a 45 per cent stake in Native Land which operates in London’s wealthy Chelsea.
Seven consortia including Qatar Airways and Bahrain’s airlines are hoping to qualify for a new licence in the Kingdom.
Savola Group also posts a rise for the second quarter making $90.9 million profit, up 48 per cent.
Five mins with… The chairman of Agility, the region’s largest logistics firm.
The emirate’s strong infrastructure investment is fueling growth in the economy, says new report.
Qatar has the highest levels in the Middle East while Egypt sets a record; Lebanon scores the lowest.
Higher revenues from international operations boosted the telecoms operator’s profits.
The Kuwaiti bank’s CEO blamed the political deadlock in the country for hampering economic growth.
The government will ensure shops and supermarkets do not overcharge customers during the Ramadan period.
The country’s first nuclear station will begin construction as the licence is agreed for ENEC and KEPCO.
Saudi Basic Industries Corp saw its quarterly profit drop due to lower prices and production.
Oman’s lender makes $50.6 million profit for the first half of the year, a huge rise from the same period last year.
Facebook has 45.2 million users in the region while four million Arabs use LinkedIn, says new report.
The Kingdom plans to allow foreign firms to list on its stock exchange within a year, an official has said.
The low-cost airline carried 1.3 million passengers during the second quarter of 2012, up 15 per cent from Q2 2011.
Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.
The bank made a Q2 net profit of $26.8 million, up on analysts’ expectations and last year’s results.