Arabic

Saudi bourse opening may double fund flows to Gulf

Saudi bourse opening may double fund flows to Gulf

The opening of Saudi Arabias bourse to international investors may double the amount of foreign money flowing into the Gulfs securities markets, making it more attractive to invest in the region but also bringing new risks.

Iraqs south oil exports rise to near-record, avoid northern conflict

Iraqs south oil exports rise to near-record, avoid northern conflict

Iraqs oil exports from its southern terminals in July rose to a near-record rate, according to loading data and industry sources, remaining unaffected by fighting in other parts of the country.

Asian, Western firms have bid for UAE oilfields

Asian, Western firms have bid for UAE oilfields

Asian and Western firms have bid to help operate the UAE's biggest oilfields after a deal with oil majors expired this year but the Gulf Arab state is yet to decide whether to let Asian oil buyers in for the long haul, sources said.

UAE may issue federal govt bonds by 2018, studies ongoing: ministry

UAE may issue federal govt bonds by 2018, studies ongoing: ministry

The United Arab Emirates is expected to issue its first ever federal government bonds before 2018 to help the country's banks meet global liquidity rules, but feasibility studies are yet to be completed, a senior finance ministry official said.

Summer tourism dries up as Gaza rockets target Israel

Summer tourism dries up as Gaza rockets target Israel

Israeli tourism was on track for another record year in 2014 until a barrage of rocket fire from the Gaza Strip and images of citizens rushing to shelters triggered a wave of cancellations.

UAE may issue federal govt bonds by 2018, studies ongoing: ministry

UAE may issue federal govt bonds by 2018, studies ongoing: ministry

The United Arab Emirates is expected to issue its first ever federal government bonds before 2018 to help the country's banks meet global liquidity rules, but feasibility studies are yet to be completed, a senior finance ministry official said.

IMF: The economic situation in Tunisia is still fragile

IMF: The economic situation in Tunisia is still fragile

The IMF said that the economic situation in Tunisia is still fragile, because the growth is not high enough to make a significant change in the level of unemployment, especially among young people.

Regulators take aim at murky UAE markets after Arabtec debacle

Regulators take aim at murky UAE markets after Arabtec debacle

Fifty billion dollars may be enough to trigger major changes to regulation of the Arab world's second biggest stock market.

National Bank of Kuwait profit jumps on improved economy

National Bank of Kuwait profit jumps on improved economy

National Bank of Kuwait, the emirate's largest lender, said Wednesday its second quarter net profit jumped 28.9 percent on the back of improvement in domestic economic activity.

UAEs Dana Gas says wins right to some payments from Iraqi Kurdistan

UAEs Dana Gas says wins right to some payments from Iraqi Kurdistan

Dana Gas, one of the largest oil and gas investors in Iraqs semi-autonomous Kurdish region, said on Sunday that an arbitration tribunal had awarded it the right to receive some outstanding payments from the Kurdish government.