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BREAKING NEWS | Kuwaiti accused of fire case to see shrinks
EUR | GBP Up 1.109 ,  USD | EUR Down 0.667 ,  USD | GBP Down 0.602
Investcorp eyes $600 mln Mideast investments
Nov 23, 2009 at 13:50
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Bahrain and London-listed firm already closed deals worth more than third of $1 bln Gulf Opportunity Fund I.
ENOC says no plans to raise Dragon bid
Nov 23, 2009 at 13:04
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UPDATE 1: Dubai oil firm CEO says $1.9 bln takeover bid 'fair' after minority shareholders reject as too low.
  The World in 2010
Mideast surpluses to hit $1 tln in 5 yrs -IMF
Nov 23, 2009 at 12:45
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Oil-rich region's current account surpluses to expand massively as oil prices and demand recover from crisis.
  The World in 2010
Mideast private equity recovery seen sluggish
Nov 23, 2009 at 12:20
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Local govts' heavy investments to boost sector, but doubts exist on pace of recovery -Shuaa CEO says.
Dubai's Abraaj raises capital to $1.5 bln
Nov 23, 2009 at 12:18
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Middle East's biggest private equity firm completes $375 mln rights issue, increases paid-in capital
Gulf Air to cut staff, may sell planes
Nov 23, 2009 at 12:15
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UPDATE 3: Bahraini airline restructures to compete in cutthroat aviation mkt, sustain business by 2012 -CEO.
Egypt's OCI Q3 profit slides 41 pct
Nov 23, 2009 at 12:07
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UPDATE 1: Orascom Construction Industries sees Q3 earnings drop to $120.7 mln from $205.5 mln year earlier.
  Q3 Results
EFG raising $600 mln for infrastructure fund
Nov 23, 2009 at 11:59
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Egyptian investment bank will invest primarily in Egypt and start operating in first quarter of '10 -CEO.
  Private Equity World MENA
UAE spells out reservations on currency union
Nov 23, 2009 at 11:22
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Cbank governor says Arab state left plan for 'fundamental' reasons, union has no system for unit of account.
  Gulf Monetary Union
Abu Dhabi's NMDC wins $408 mln canal contract
Nov 23, 2009 at 09:49
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National Marine Dredging Co says 63.5 km canal in UAE's capital scheduled to be completed by end of June 2010.
GCC can price oil in new currency -economist
Nov 23, 2009 at 09:20
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Shaikh says move to replace dollar in oil pricing will put Gulf economies amongst world's most important.
Rasmala in talks to deploy $120 mln capital
Nov 23, 2009 at 09:13
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Dubai-based investment bank in talks with five firms, hopes to complete two before year ends, CEO says.
  Private Equity World MENA
Sembcorp to develop $1 bln Oman power plant
Nov 23, 2009 at 08:22
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S'pore firm, Oman Investment ink JV to build, own, operate water and power plant, to start operations by 2012.
Emirates NBD faces $350 mln Saudi exposure
Nov 23, 2009 at 08:03
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CEO of Gulf region's biggest lender says Q4 results will not be affected by exposure to Saudi conglomerates.
Eatery owners face jail in food safety drive
Nov 23, 2009 at 06:47
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Abu Dhabi food standards regulator to toughen up punishments to clamp down on unhygienic outlets -paper.
Tayer to embody Dubai's new-found caution
Nov 22, 2009 at 21:23
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By naming Ahmed Humaid al-Tayer as new head of Dubai International Financial Centre, Dubai shows new face.
Nippon Oil in Baghdad for Nassiriya oilfield
Nov 22, 2009 at 21:14
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Executives from consortium led by Japan's Nippon Oil Corp meet officials from Iraqi Oil Ministry.
Sinopec bid in Iraq oil deals denied
Nov 22, 2009 at 21:07
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China's Sinopec Corp rebuffed in offer to pay participation fees to bid for oilfields in Iraq.
  Iraq Oil Contracts
Kuwait port to help revive Iran trade
Nov 22, 2009 at 20:58
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Kuwait to earmark special port for Iranian imports in bid to revive trade between two major Gulf oil giants.
Emirates NBD replaces board member Al Futtaim
Nov 22, 2009 at 20:51
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Emirates NBD, biggest lender in United Arab Emirates, replaces one of its directors, bank says.

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Essential Reading
Builders look abroad amid Dubai slump
Nov 24, 2009 at 20:53
WRAPUP: Real estate market collapse and payment problems leave contractors jaded and looking further afield.
Discussion Forum
  •  LATEST
  •  7 DAYS
  •   1 MONTH
Arroyo's ally top suspect in massacre
11/25/2009 5:06:52 AM
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I guess you need to verify this claim, both of them are Arroyo's ally! Toto Mangudadatu is the owner of La Furtera Banana that we are eating here in the Gulf and he is a big contender of... MORE
Iran couples arrested for partner swapping
11/25/2009 4:33:46 AM
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I agree with Mr. Bin Salsal, it is allowed to have a Mu'tah (temporary marriage) that can last for a few hours, days or months in the Islamic Republic of Iran, so such illicit sexual... MORE
UK builders chase $331 mln unpaid Dubai bills
11/24/2009 7:10:16 PM
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What about the Irish investors that have bought off plan as far back as 2006? We have over half our units paid for and work has not even started yet and they will not tell us if it is ever... MORE
» ALL COMMENTS
Opinion & Analysis
Lights, cameras - but where's the action?
Nov 23, 2009 at 21:42
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There’s no point having Hollywood-style facilities without financial incentives in place argues Ben Flanagan.
When TV means ‘total vanity’
Nov 16, 2009 at 10:07
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It’s time rich Mideast investors stop viewing TV channels as mere trophies, argues Ben Flanagan.
Egypt, the land of the rising son?
Nov 15, 2009 at 07:37
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Will Egypt maintain democracy, or passively accept 'presidential inheritance' asks Sultan Sooud al-Qassemi...
» ALL OPINION & ANALYSIS
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