DUBAI - Bahraini money supply growth slowed for the fifth successive month in February to 17 per cent while inflation in the Gulf state accelerated slightly to 4.7 per cent, official data showed.
DUBAI - Bahraini money supply growth slowed for the fifth successive month in February to 17 per cent while inflation in the Gulf state accelerated slightly to 4.7 per cent, official data showed.
DUBAI - The Middle East and North Africa or MENA equities markets rose by an average of 7.5 per cent in March to partially recover from their losses in the last 10 months, as investors regained their appetite for risks.
DUBAI - Islamic banks will face a crisis scenario by the end of September that could include forced consolidation if liquidity does not return to the financial sector, a leading banker said on Monday.
SHARJAH - Singapore Airlines Cargo, or SIA Cargo, and its long-standing general sales agent SNTTA Cargo have opened a cargo office at the Sharjah Airport Freight Centre.
ABU DHABI - The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan has issued a federal decree appointing Juma Mohammed Ahmed Al Kait as executive director for foreign trade affairs at the foreign trade ministry.
DUBAI - Al Rajhi Bank, the largest bank by market value in Saudi Arabia, said its first-quarter profit gained 8.1 per cent as the Central Bank cut interest rates to improve liquidity and lowered funding costs.
ABU DHABI - Baniyas Investment and Development Company, or BID, has entered into an agreement with Abu Dhabi Commercial Bank, or ADCB, to provide easy finance schemes to buyers of Bawabat Al Sharq — a mixed-use community development in Bani Yas, Abu Dhabi.
DUBAI - Singapore’s companies are securing $6 billion worth of business ventures in the Middle East which will further strengthen economic ties between the Asian nation and the region.
DUBAI - Dubai-based charter airline Palm Aviation expects to sustain its double-digit growth this year despite hurdles posed by the global crisis on the private aviation industry in the Middle East.
DUBAI - Etihad Airways has appointed Amer Khan as the airline’s Country Manager for Pakistan.