A programming error at Goldman Sachs Group Inc. caused unintended stock-option orders to flood American exchanges this morning, roiling markets and shaking confidence in electronic trading infrastructure. An internal system that Goldman Sachs uses…
Arcapita Bank B.S.C. announced the sale of 3PD Holding, Inc, a leading last-mile logistics company in the United States and Canada,…
(Reuters) – Shares of Dubai property developer Union Properties, in which lender Emirates NBD holds a major stake, surged 11 percent…
(Reuters) – General Motors and German chemicals firm BASF reopened facilities in Egypt on Sunday while Electrolux (ELUXb.ST) said it would…
Local carrier flydubai announced that Business Class tickets are now on sale, with flights offering the premium option commencing in October.…
Merrill Lynch & Co., the 99-year-old firm known for its “thundering herd” of brokers pitching stocks to Main Street, may cease…
Saudi Arabian Airlines is burdened with heavy debts. The company owes the General Authority for Civil Aviation (GACA) SR11 billion, a…
The commodities sector looks set for a relatively benign near-term future according to Saxo Bank, the multi-asset trading and investment specialist.…
(Reuters) – Saudi Telecom’s (STC) Indonesian unit has picked Moelis & Co to advise it on negotiations with lenders as the…
Abraaj Group announced the acquisition of a “significant” stake in two student accommodation assets in the Turkish city of Istanbul. The…
By Cristiane Lucchesi – Aug 14, 2013 (Bloomberg) Mubadala Development Co., the Abu Dhabi sovereign-wealth fund, is in talks to buy…
DUBAI, Aug 13 (Reuters) – Saudi Arabia led other Gulf markets higher on Tuesday as most reopened after long Eid holidays,…
Banks and other companies listed in the UAE’s bourse maintained their post-crisis recovery and reported a surge of nearly 15 per…
Abu Dhabi developer Aldar Properties laid out plans to cut its $3.8 billion debt by more than half in coming years…
SYDNEY (Reuters) – Etihad Airways, which has aggressively expanded its global reach through codeshares and minority stake investments, expects to build…
RAK Airways has commenced its operation to Amman and Islamabad. The launch flight to Amman, Jordan, was inaugurated with rose flowers…
Dubai-based investment bank Shuaa Capital has swung to a Dhs1.3m second-quarter net profit, compared with a Dhs15.9m net loss in the…