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HuaweiDUBAI — Air Arabia announced that construction of its 300-room three-star Centro Hotel at Sharjah Airport will be complete by April 2010.
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DUBAI — Credit Suisse on Tuesday launched an open-ended fund, the Credit Suisse SICAV One (Lux) Equity Middle East & North Africa Fund which targets both institutional and retail investors in the region.
DUBAI — Credit Suisse on Tuesday launched an open-ended fund, the Credit Suisse SICAV One (Lux) Equity Middle East & North Africa Fund which targets both institutional and retail investors in the region.
DUBAI — Global index provider Dow Jones Indexes has launched an additional set of conventional and Shariah compliant indexes that measure the performance of stocks listed in the Gulf Co-operation Council (GCC), Middle East and North Africa.
DUBAI — UAE shares rebounded on bargain-hunting yesterday, taking their cue from major equities markets which also recouped some of their losses from a sell-off on Monday.
ABU DHABI — Four foreign companies registered with the two national bourses have failed to submit their quarterly financial statements, the country’s corporate watchdog Securities and Commodities Authority, or SCA, revealed.
MA’IN (Jordan) — Low-cost carrier flydubai, which launched its first flights in June, will more than double the number of cities it serves by the end of this year and triple the size of its fleet by the end of 2010, the company’s Chief Executive Officer said on Tuesday.
ABU DHABI — The bullish sentiment of futures market players could prove shortlived, bringing to an abrupt end the recent surge in oil prices which have soared to double since January this year, if China’s oil import begins to flag.
DUBAI — Kuwaiti telecoms firm Zain is in talks with three international telecom operators, including one from India for the sale of its African operations, according to its chief executive officer. Talks with these companies may result in serious negotiations leading to the partial or complete sale of Zain’s African assets, Saad Al Barrak told Kuwaiti daily newspaper Al Rai.
DUBAI — Gulf Finance Corporation, a wholly-owned subsidiary of SHUAA Capital, announced that Capital Intelligence, a regional credit rating agency, has reaffirmed its long-term ‘BB’ rating with a stable outlook.