The Qatari operator made a first quarter loss of $32.49 million, an improvement on the $32.6 million Q1 loss last year.
The Kuwaiti telecoms operator now owns 37 per cent of Zain Saudi following a weak response from other shareholders.
Three of the country’s largest banks have all posted positive results with First Gulf Bank reporting a 14 per cent profit rise.
Abu Dhabi Commercial Bank posted a net profit of Dhs733 million for the second quarter of the year.
The new office of the global asset management company will be headed by ex-Mumtalakat CEO, Talal Al Zain.
Residents can now complete residential and commercial tenancy contract registration at select post offices.
The private equity firm announced that Tom Speechley, senior partner at Abraaj, will take over as the CEO of UK-based Aureos.
NBAD, the largest bank by market value in the UAE, saw second quarter profit grow on higher net interest income.
Taxis in the Kingdom will be been banned from picking up passengers on the streets, the transport ministry has said.
The UAE-based bank made a net profit of Dhs1.02 billion during the period, beating analysts’ forecasts.
As GCC SWFs begin to invest closer to home, the West may find itself with an increasingly empty begging bowl.
As Tiffany & Co. announce a new JV in the region, a global report says the luxury goods market is growing.
Saudi Arabian Fertilizers Co (Safco) has also proposed a SAR6 dividend for the first half of 2012.
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.
The UAE-based lender reported a net profit of Dhs668.7 million for the first half of the year.
Oil fell on worries that Spain may be forced to seek a lifeline from international lenders.
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 media mogul has stepped down from some of the company’s subsidiary boards that oversee its British titles.
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.
The Australian government has permitted Etihad to increase its stake in Virgin Australia up to 10 per cent.
The technology company posted a year-on-year rise in quarterly revenue to $13.5 billion.
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