Arab Banking Corporation has reported a consolidated group net profit of $80m for nine months ending September 2009. It has a net profit of $26m during the third quarter alone, an 18% increase from the second quarter's $22m.... [read full story]
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Saudi Arabia's Tadawul index gained 0.93% today to close on 6,371, led by the insurance and petrochemicals sectors which rose 2.88% and 2.19% respectively. Anaam Holding was the day's big gainer, up 9.93%. Overall, 97 stocks...
The Abu Dhabi Securities Index rose 1.97% today to close on 2,977, led by the consumer and real estate sectors, which climbed 5.09% and 4.51% respectively. Market heavyweight Sorouh rose 4.88% to Dhs3.46. Overall, 26 stocks...
After four straight days of declines, the Dubai Financial Market bounced back today, gaining 5.24% to close on 2,185. Market heavyweight gained 7.90% to Dhs4.37, along with Arabtec, which rose 7.28% to Dhs3.24. Other big...
Two shareholders of Zain have filed lawsuits seeking to block the sale of a 46% stake in Kuwait's biggest phone company to a group led by Indian and Malaysian investors, the lawyer for the shareholders told Bloomberg. The...
The President of the UAE has ordered the allocation of Dhs1bn ($272m) for infrastructure projects in the emirate of Sharjah, Gulf News has reported. The amount is part of Dhs7.6bn allocated in the UAE budget for 2010 to develop...
InterContinental Hotels Group (IHG) has opened two new hotels in Abu Dhabi, a Crowne Plaza hotel and Staybridge Suites, its first extended stay property in the Gulf region. The Staybridge Suites Abu Dhabi is located in the...
Network solutions provider D-Link Middle East has released the D-ViewCam Add-in for Microsoft Windows Home Server, a software application that, when paired with a home server, lets users quickly and easily manage and access...
Ali Hassan Naqoor, deputy chairman of Saudi Arabia's National Transport Committee, has said the private and public investments in the land transport sector during the last five years are estimated at nearly SR300bn, Arab News...
Egypt: The Egyptian Transport Ministry has said a tender will be issued next year to build a third container terminal at East Port Said on the Mediterranean as part of a plan to boost the port's container capacity to 8 and 13...
Rotana Hotels has announced plans to open the tallest hotel in the world in Dubai in mid December 2009. Opening under Rotana's alcohol-free 'Rayhaan' brand, the 72-storey Rose Rayhaan will rise 72 storeys, reaching a height of...
Finance, Banking & Insurance, Banking, Arab Banking Corporation, Emap, AME Info FZ LLC, United Arab Emirates
