Bahrain’s Batelco Eyes $1bn Telco Deal In Monaco

The Bahraini telecoms operator is planning to buy the Monaco & Islands portfolio of British telecoms group CWC.

Kuwait Aims To Boost Rainy Day Fund

The government plans to allocate around 25 per cent of state revenues into the fund.

Dubai To Issue Bond To Refinance Maturing Debt

The emirate has Dhs6.5 billion ($1.8 billion) of debt maturing in April 2013.

MAF Group Reports 15% Rise In H1 Revenue

The UAE-based shopping mall developer made a gross revenue of Dhs10.7 billion for the first half of the year.

Emirates Says No Interest In Indian Carriers

The Dubai-based airline has denied it has any plans to buy stakes in any Indian carriers, after rules were lifted last week.

Spurring Growth In Iraq’s Banking Industry

William C. Keliehor aids financial development in Iraq, a country where only 15 per cent of the population has a bank account.

10 Biggest GCC Sukuks In 2012

As more regional and international companies turn to Islamic bonds to raise capital, Gulf Business lists the biggest Sukuks issued so far this year.

Brent Crude Up For 8th Day In A Row

Price for brent crude nears $117 as analysts warn regional protests will send risk premiums higher.

Qatar Islamic Bank Board Backs $1.5bn Sukuk Programme

The bank has hired HSBC, Standard Chartered, Deutsche Bank and QInvest to manage the issuance.

Dubai Airport Plans Major Cargo Expansion

The airport’s cargo capacity is set to increase to 3.1 million tonnes by 2018.

US Lauds Saudi Commitment To Help Moderate Oil Price

Saudi Arabia’s Oil Minister Ali al-Naimi said earlier this month that the Kingdom was prepared to meet any additional demand for oil.

Qatar First Investment Bank Buys London Properties

The Qatari bank has bought the properties as it looks to capitalise on London’s growing demand for high-end real estate.

EFG Hermes Shareholders Approve QInvest Deal

Egypt’s biggest investment bank, EFG Hermes and Qatar’s QInvest had reached an agreement in May 2012.

Deutsche To Trim ME Investment Banking Staff

The German lender is laying off several senior staff in Dubai, according to sources.

Emaar Launches New Address Hotel In Downtown Dubai

The Dubai-based developer has announced the launch of The Address The BLVD, its first luxury hotel since the property crash.

Dubai Is Most Expensive City In ME

UBS’s annual cost of living study ranked the city 22nd globally.

UAE’s First Gulf Hires Banks For $800m Loan

The loan facility will be used to fund the Abu Dhabi-based bank’s growth and expansion.

Dubai Group Eyes Stake Sale In Lafarge Venture

Debt-ridden Dubai Group is reportedly in talks to sell its 45 per cent stake in a joint venture firm with cement maker Lafarge.

RBS, Other Banks Sue Dubai Group Over $10bn Debt

The three banks failed to reach a restructuring deal with Dubai Group, the investment vehicle of Dubai Holding.

BAE, EADS Talks May Spur More Mergers

Britain’s BAE Systems and Airbus-owner EADS are in advanced merger talks to create a European powerhouse in aerospace, defence and security.

Etisalat Raises $510m From Axiata Stake Sale

UAE telecommunications operator Etisalat sold 775 millions of its shares in Axiata.

Apple iPhone 5 In UAE Late September

Apple’s latest product will be on US shelves from September 21st, and should be available in the UAE just after that.

The UAE’s Nuclear Energy Efforts Are Full Steam Ahead

Following the Fukushima disaster last year, how can the country learn from those mistakes and ensure it gets its $20 billion project right?

Apple’s iPhone 5 Is Finally Here

The anticipation is over as the latest iPhone is revealed as taller, thinner, lighter and 4G enabled.

Price Of Apple iPhone 5 On UAE Grey Market Will Soar

Retailers warn UAE customers to wait and buy Apple’s new iPhone from official outlets as grey market prices are higher.

World’s Tallest Residential Tower Launches In Dubai

The Dhs1.5 billion Princess Tower is 98 per cent sold, says developer Tameer.

The iPhone 5 Is Almost Here…We Think

The world’ worst kept secret is soon to be unveiled in San Francisco as Apple loyalists await the unveiling of its latest product.

Daman Puts IPO On Hold Until 2014

The Dubai-based investment company blamed a lack of liquidity in the market for postponing its IPO and preventing Dubai’s full recovery.

Gulf Bank To Finance $2bn Kuwaiti Projects

The deals, in the oil and power sectors, will increase the bank’s market share in corporate financing.

Gold Hovers Near Six-Month High, Awaits Fed Meeting

The Fed is expected to launch another round of quantitative easing during a two-day meet starting today.