Abu Dhabi’s bourse crossed the 4,000 mark for the first time in five years on Monday, playing catch-up to gains on neighbouring Dubai’s market, which extended a rally driven by the recovery in the…
Investors are becoming more discerning about where they put their money, shying away from countries such as Brazil, India (SENSEX), Indonesia,…
EFG Hermes, Egypt’s largest investment bank, said its co-chief executive had resigned after 18 years with the firm. Hassan Heikal, who…
Gulf Finance House climbed to the highest in more than three months as the Bahrain-based investment bank replaced its chairman. The…
The HSBC Holdings unit once known as Household International Inc. lost its bid to undo a 2009 securities fraud trial verdict…
The Economic Offences Wing (EOW) of India has thrown out a criminal complaint filed by HSBC against Avitel Post Studioz Ltd,…
Most regional markets slipped on Monday as fears of a U.S. government shutdown spurred slight profit-taking, but Dubai’s bourse booked its…
U.S. and British authorities are hours away from fining ICAP, the world’s biggest interdealer-broker, and charging current and former staff in…
Arabtec Holding and Samsung Engineering announced the launch of Arabtec-Samsung Engineering in the Middle East and North Africa’s oil and gas,…
Dubai Mercantile Exchange (DME) today announced a new record by reaching the 5 billion barrel mark, with a total of 5…
Just Falafel, a United Arab Emirates-based franchise restaurant offering the traditional Arab food, has hired an advisor to help arrange an…
Shares in Oman Telecommunications Co OTL.OM (Omantel) plunged to a 10-week low on Tuesday after the government rekindled plans to reduce…
Asian shares surrendered earlier gains while the dollar remained under pressure on Thursday, facing growing expectations that the U.S. Federal Reserve’s…
Last week was a key week not only for key economic data points, but the outcome of the G20 summit in…
First Gulf Bank (FGB), the United Arab Emirates’ third largest bank, is cutting about 300 jobs, equivalent to nearly 10 percent…
Hasan Abdullah Ismaik, the chief executive of Dubai-based construction company Arabtec, has increased his personal stake in the company to more…
Dubai’s Majid Al Futtaim (MAF), the operators of Carrefour stores in the Middle East which is buying out the French company’s…
Saudi Arabia’s No.3 telecom operator Zain Saudi has appointed industry veteran Hassan Kabbani as chief executive with immediate effect, the firm…
DP World Ltd., the world’s third-largest ports operator, posted a 9.1 percent increase in first-half profit, beating analysts’ estimates, as it…
Gulf stock markets stabilised by the close on Wednesday after plunging in early trade on the prospect of an escalation of…
India’s rupee plummeted more than 3 percent to a record on concern a surge in oil prices will worsen the current…
Dubai’s stock index plunged the most in the world as the Obama administration vowed to hold Syria’s government liable for chemical…
The Indian rupee hit a record low and shares slumped on Tuesday after parliament’s approval of a $20 billion plan to…
Saudi British Bank (SABB), an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its…
HSBC Holdings, the top arranger of debt issues in the Gulf Arab region, has named Mustafa Aziz Ata to run its…
Stock markets in the United Arab Emirates and Qatar rose to new multi-year highs on Thursday despite a sell-off in emerging…
Dubai contractor Arabtec on Wednesday denied media reports that it was considering a merger with Kuwait’s Combined Group Contracting Co and…
Asian markets were under the cosh on Thursday as a spike in U.S. bond yields drove up borrowing costs globally, and…