Dubai-based Islamic mortgage lender Amlak Finance recorded a 77 per cent plunge in first-quarter profit because of amortisation charges, the company reported on Thursday.
Amlak, which has said previously that it aims to resume tra
Beleaguered oil producer Afren said it had secured $255 million from its bondholders and was in talks for a wider recapitalisation plan to be completed by the end of July.
Afren took nearly $2 billion in impairment charges and wri
Bahrain’s telecom watchdog has launched an investigation into 'unfair' data roaming charges levied by mobile phone operators, after some customers racked up bills totalling thousands of dinars while overseas.
A top government official in Bahrain arrested in connection with corruption had allegedly pocketed BD12,000 ($31,633.9) for dropping human trafficking charges against a restaurant.
The Bahraini, who was the director of inspections
Najaf is far from Baghdad's palaces and the battlefields of northern Iraq. Its mud-brick houses, dirt alleys and concrete office blocks project little in the way of strength or sway. But it is here, where Iraq's most influential clerics
The Philippines has denied it was spying on Qatar, after three Filipinos were convicted of espionage.
One man was sentenced to death and two to life in jail after they were found guilty of leaking informa
A call has gone out to banks in Bahrain to maintain low interest rates and support the economy, following an announcement by His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa last week.
India voiced firm opposition on Tuesday to EU plans to impose a scaled-back carbon charge on flights over European airspace while a senior US lawmaker said the EU proposal runs afoul of a law intended to shield US airlines from such charges.
Facebook said it will start charging businesses to run Offers on its social network, turning a previously free service into a potential revenue generator at a time when Wall Street is demanding new sources of growth and profit
Kuwait's finance minister resigned on Thursday after opposition lawmakers accused him in parliament of failing to deal with alleged financial irregularities in his departments.
Mustapha Al-Shamali, who served as finance minister from 2007