The plunge of oil prices since mid-2014 has put heavy pressure on Oman’s state budget, causing one-year dollar/rial forwards to rise as high as 1,000 points this week
DP World’s revenue for the six months to June 30 was $1.90bn, up from $1.66bn a year earlier
NMC made an adjusted net profit of $46.9m in the first six months of this year up from $40.9m a year earlier
The kingdom is expected to achieve economic growth in 2015 of 3 per cent
The company did not disclose the size of the stake that was sold or the value of the deal
Qatar is working more closely with trade houses who are focused on short-term deals, often in riskier markets, while also lowering its price expectations
Goldman Sachs reduced its short-term outlook for the equity market to “neutral”, but remained “overweight” over six and 12 months
Deputy chief executive Promoth Manghat has been promoted to chief executive, the Abu Dhabi-based company said
Up to 67 per cent of apartment buildings and 50 per cent of villas in Dubai are uninsured, says survey by MoveSouq.com and RSA
Nearly 43 per cent of regional companies polled said that they were looking for opportunities in other markets, a new survey shows
Dubai’s stocks closed down 7 per cent as oil prices weakened
The UAE is currently in the process of drafting out laws for the implementation of value added tax
The main stock index in Dubai, the region’s most volatile market, tumbled 4.0 per cent to 3,563 points, hitting a four-month low
Citing an unnamed source, the trade magazine The American Lawyer reported that Arab Bank had agreed to pay “slightly more than $1bn” to settle litigation
Fitch said on Friday it expects the general government deficit to widen to 14.4 per cent of GDP in 2015
Pakistani finance minister Ishaq Dar said that both the UAE and Pakistan could learn from each other when dealing with issues such as extremism
The Indian currency allowance has been raised to Rs 25,000, while the limit for duty free goods has been hiked to Rs 45,000
Desai had been appointed acting CEO a year ago after former CEO Gary Anderson resigned due to ill health
Oil prices in the United States tumbled to their lowest level since 2009 on Wednesday
The main Saudi stock index has plunged 12 per cent this month
The state fund has appointed IPIC’s director of investments Mohamed Hamad Al Mehairi as Aabar’s new CEO
The law aims to encourage the private sector to participate and invest in infrastructure development
Once a decision to impose VAT is made, the public will be given about 18 months to prepare for the implementation, state news agency WAM said
The deal expands NMC’s addressable market and patient cross-referral capabilities of its network
Majid Al Futtaim and other local banks have also reportedly bid for Dunia
It increased its 2013 revolving credit facility by SAR400m, with National Commercial Bank and Samba Financial Group contributing equally to the extra amount
Bahraini citizens will be compensated for the higher meat prices
Approximately 500 U.S. citizens had sued Arab Bank under the U.S Anti-Terrorism Act
The firm said net profit in the three months to June 30 was KD 13.5m
Many Saudis take bank loans to consolidate existing debts, according to a new report