The bank made a Q2 net profit of $26.8 million, up on analysts’ expectations and last year’s results.
The US-based bank saw overall net income fall to $2.94 billion in the second quarter of the year.
The UAE aims to increase exports from the new oil terminal as threats to close the Strait of Hormuz rise.
The country’s oil production fell 4.1 per cent to 27.7 million barrels in June compared to May.
Oman’s largest lender has offered new shares to existing holders at a discounted price to raise over $250 million.
The Saudi-based property developer said that Sukuk account holders will receive the funds on Monday.
The Oman lender made net profit of $90.9 million in the second quarter, above analysts’ estimations.
Carriers in the region face a huge supply-gap of pilots and technicians unless they recruit drastically.
The new rule, introduced by the central bank, will begin next year and extend until the end of 2014.
The country’s first nuclear plant receives approval from the UAE’s environmental regulator.
The Abu Dhabi-based oil explorer has secured financing to expand in the African country.
Rents for both villas and apartments have increased year-on-year in 2012, says a new report.
Saudi Arabia’s announcement of five new laws will affect homeowners and businesses when they come into effect.
Foreign direct investments into the Middle East dropped 16 per cent to $49 billion in 2011, says UN report.
The bank has withdrawn from the interbank panel following the Libor scandal in the United Kingdom.
The Gulf-state priced five and 10-year tranches at $2 billion each, attracting an order book of over $24 billion.
The bank dropped almost 35 million riyals in the second quarter in comparison to the same period last year.
The Dubai-based developer has selected seven regional and international banks for investor meetings in London.
Farnborough Air Show: Airplane leasing company orders 20 of Boeing’s single-aisle 737 MAX 8s for the Gulf.
The Dubai Islamic Bank-owned mortgage lender posted its second straight quarterly profit fall.
Farnborough Air Show: Two Premiership football teams have asked for sponsorship from the Doha carrier.
Farnborough Air Show update: The Doha-based carrier unveils new 787; Boeing and Airbus battle.
Five-star luxury resorts, marinas and a sports academy are planned for Ras Al Hadd following agreement.
Abu Dhabi’s National Petroleum Construction Co and French Technip to build offshore oil facilities.