07/21/2016
In other company news, Saudi Hollandi Bank said net profit was flat at 540 million riyals, beating the average analyst forecast of 508 million riyals.
07/21/2016
Debt is now growing faster than GDP and faster than foreign exchange reserves for many of these countries.
07/21/2016
US shares were poised to open higher, buoyed by better than expected quarterly results from Microsoft and Morgan Stanley.
07/21/2016
Emaar drives DFM gains, closing 1.7% higher and accounting for 32% of volumesUnderperforming stocks staged a comeback on UAE bourses, with blue-chip Emaar Properties lifting the Dubai Financial Market to extend the rally.
07/20/2016
The bank attributed its drop in net profit to a 6.4 per cent rise in total operating expenses as a result of an increase in salaries and related expenses and higher credit provisions.
07/19/2016
When it reported that its quarterly profit came in at 2.44 billion riyals, at the low end of estimates.
07/19/2016
Sovereign debt risk will increase across the Mena economies over the coming quarters as lower oil prices and the slow pace of fiscal reform are hindering revenue generation
07/19/2016
In addition to Asia Square Tower One, BlackRock also owns Asia Square Tower Two, which is located on an adjoining plot.
07/19/2016
Samba Financial Group reported a 1.4 percent drop in quarterly profit that was in line with forecasts.
07/19/2016
An average of forecasts from four analysts had predicted the bank would make a net profit of Dh1.8bn for the quarter.
07/18/2016
The first slew of second quarter earnings also lifted Gulf investor confidence, bucking expectations of corporate weakness this period because of low oil prices.
07/18/2016
The agreement by the rival NOC leaders to unify their ranks is expected to boost Libya's vital oil industry, ravaged by years of conflict.
07/18/2016
Foreign capital flows into UK real estate stopped in Q-1 of the year, Bank of England Governor Mark Carney said in April on anticipation of the Brexit event.
07/14/2016
The plunge in crude is driving bond sales across the six-nation Gulf block as governments seek to plug budget deficits
07/13/2016
The critical question is how the overall market has changed since those sanctions were imposed.
07/13/2016
Saudi Arabia’s index advanced for a third day since it resumed trading after the Eid al-Fitr holiday.
07/13/2016
This is the first new issue of shares in the UAE to have such an underwriting arrangement.
07/13/2016
For the first six months of 2016, the bank's net profit rose 12 percent from a year earlier to 6.2 billion riyals
07/13/2016
A drop in oil prices this year suggests that oil-funded SWFs are under pressure
07/12/2016
Societe Generale has been active in the Middle East since 1997