Leading stories of the day
A “limited fire” broke out on a subsidiary oil pipeline in eastern Saudi Arabia on Saturday after assailants fired shots at a security patrol, the state news agency SPA said. An industry source told…
|By TAP Staff| Flydubai, Dubai’s low-cost carrier, is following its big brother Emirates airlines to debut a benchmark-sized sukuk issue for…
Dubai’s banks are extending loans to the local diamond industry, boosting the emirate’s ambitions of becoming a top trading hub as…
African markets are gradually opening to Islamic finance, buoyed by governments’ debut sales of sovereign sukuk (Islamic bonds) and legislative efforts…
Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters…
Stock markets across the Middle East tumbled on Sunday, led by Dubai and Saudi Arabia where the main indexes sank 6.5…
|By TAP Staff| The Board of Directors of Emaar Properties has approved a Special Cash Dividend of AED 9 billion (US$…
Iran will sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi…
|By TAP Staff| Etisalat is planning its first ever sukuk issuance in a follow-up to its debut conventional bond earlier this…
|By TAP Staff| The herd mentality on the UAE stock market is once again visible, with a flurry of new stock…
Gold futures rose for the second straight day as the dollar’s decline boosted the metal’s appeal as an alternative investment. The…
|TAP Special| The oil market scene is turning murky, with indications of a price war developing among major producers to defend…
Dragon Oil (DGO) proposed a 492 million-pound ($789 million) cash offer for Petroceltic International Plc (PCI) to add exploration and output in North Africa…
|By TAP Staff| RAK Petroleum said it would offer shares worth $25 million to institutional and retail investors in Norway and a private placement to…
| By TAP Staff| A mismatch between buyer and seller expectations is attributed to be one of the main reasons for…
|By K Raveendran| The run-away success of Alibaba’s blockbuster IPO is seen inspiring other online players to take similar routes. Among…
|TAP Special| When state-owned Investment Corporation of Dubai announced last month that it was taking a minority stake in Nigeria’s largest…
|By TAP Staff| Following the huge success of Emaar’s malls IPO, Chairman Mohammed Alabbar indicated the possibility of floating the group’s…
| By TAP Staff| A report titled Future of Travel by flight comparison website Skyscanner predicts that Lebanon will be the…
Dubai construction company Arabtec is close to completing the planning and design stage of its $40 billion deal to build one…
|TAP Special| The star-crossed Dubai Pearl project is in trouble again. Work on the project, which has a history of chronic…
|By TAP Staff| The United Arab Emirates’ stock exchange plans to offer a trading platform for shares in private joint-stock companies…
|By TAP Staff| The success of Emaar’s malls IPO has prompted Nakheel to consider a flotation on the local stock market.…
|By TAP Staff| Dubai Duty Free (DDF) has completed re-pricing a $1.75 billion loan for the second time in about a…
|By TAP Staff| Confirmation of Dubai residential market rents cooling off came on Sunday when real estate consultancy CBRE reported that…
|TAP Special| Dubai World will reach a deal on renegotiating its debt repayment schedule soon, Sheikh Ahmed bin Saeed al-Maktoum, chairman…
| By TAP Staff |With deadline fast approaching for Standard Chartered to exit part of its retail business, there is intense…
|By TAP Staff| The UAE Securities and Commodities Authority plans to introduce new rules that will make it easier for local…