Nature and wildlife reserves in Oman are expected to lead private investments in tourism industry as private investors have submitted applications for the development of two key reserves in the sultanate, said a report.
UAE-based Gulf Craft, a manufacturer of luxury yachts and fibreglass boats, said that growing private wealth and marine developments in the country and across the region are combining to create a thriving leisure boating community in Qatar.
Ahli United Bank (AUB) reported a net profit attributable to its equity shareholders of $442.1 million for the nine months ended September 30, an increase of 5.5 per cent compared to $419.2 million achieved in the same period in 2015.
Egypt's central bank kept benchmark interest rates unchanged on Thursday, it said in a statement.
The Monetary Policy Committee (MPC) kept the overnight deposit rate at 9.25 per cent and the overnight lendi
Manara has reported keen interest from prospective buyers and investors at its pavilion at the Bahrain International Property Exhibition (Bipex). The company is showcasing two of its projects currently underway, namely Investment Gateway &ndas
Oil prices rose on Friday after China's central bank cut its borrowing rates, boosting hopes for stronger demand from the world's top energy consumer.
A signal from European Central Bank President Mario
Gold slipped to near 5-1/2-year lows on Friday and was on course for a sixth straight weekly fall, its longest retreat since 1999, after upbeat US economic data strengthened expectations for a near-term hike in interest rates.
Abu Dhabi National Energy Co (Taqa) is looking to raise a $3.5 billion loan as it seeks to consolidate a number of existing debts into one facility with a lower rate of interest, three sources aware of the matter told Reuters on Thursday.
Deutsche Bank agreed with US and British authorities to pay a record $2.5 billion to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world.
As part of the deal, Deutsche
Allegations that the Eskan (Housing) Bank was charging interest on loans have been denied by Bahrain’s Housing Minister Bassem Al Hamer.
Parliament second vice-chairman MP Abdulhaleem Murad had claimed the bank was charging