Egypt expects to sign the IMF loan next month and will receive one-third of the funds immediately upon signing, said minister.
Aramco signed an initial deal with Indonesia’s state energy firm, PT Pertamina, to look into building a petrochemicals project in Indonesia
In the battle for customers during the recession, conventional and Shariah-compliant banks have sharpened their game.
Prince Alwaleed says his upcoming Arabic news channel will stand out from the competition.
The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.
The company’s net profit in Q4 2011 increased by 161 per cent year-on-year.
Brent crude slips to $118 as a final decision on Greece’s bailout package faces a possible delay.
The region’s finances are back on track said the London Business School in Dubai.
The bank reported that net profit for the full year increased by six per cent from 2010.
Issuers and investors remained wary of volatility in the capital markets, according to PwC.
The bond was five times oversubscribed and received orders from more than 270 investors globally.
The Dubai government will continue to help government-related bodies, says Sheikh Ahmed bin Saeed al-Maktoum.
The agreements were signed between Oman’s health ministry and Oman LNG.
Sheikh Salem Abdul-Aziz al-Sabah blamed a rise in public spending for his decision.
The struggling Bahraini carrier will use the amount to meet its medium-term capital needs.
The columnist fled Saudi Arabia after his comments on Twitter caused an outrage in the kingdom.
The two companies are in negotiations to build a methanol complex in Trinidad and Tobago.
The Finnish telco partnered with Microsoft in a bid to claw back market share last year
This is the first time that the UAE airline, started eight years ago, has recorded a profit.
The Bahraini telecoms operator will receive $174.5 million, the same amount that it paid to purchase the stake in the Indian firm.
Colorado-based CH2M Hill has won the FIFA World Cup construction management contract.
Prominent economist Nouriel Roubini has predicted that the Eurozone will collapse in a few years.
The civic body said that cost-cutting measures were implemented to achieve a budget surplus in 2011.
Doha-based Mannai is planning to buy 58.8 percent of Damas in a deal estimated to be worth around $445 million.
Abu Dhabi’s Dolphin Energy will use the proceeds to meet its refinancing needs.
Dubai Gold and Commodities Exchange saw volumes increasing 95 per cent year-on -year in January.
Saudi Arabia might increase crude oil supplies to South Korea as Seoul looks for alternatives to Iranian oil.
Confidence decreased substantially in Saudi Arabia during the last quarter of 2011, according to Nielson.
The airline is planning an Islamic loan facility to fund two of its planes, according to reports.
The Abu Dhabi lender’s profits fell 19.2 per cent to Dhs135 million during the fourth quarter of 2011.
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