Main headlines

May 20, 2013

Abu Dhabi Securities Exchange
05:40 GMT

Dubai’s benchmark stock index rose to its highest closing level in almost four years while the Abu Dhabi market general index surged to its highest level since October 2008 on Sunday on the back of a rally in real estate and banking shares.

The grants will be provided to outstanding students
05:00 GMT

The Governing Board at the American University in Dubai (AUD) approved Dh30 million (some $8.2) million in scholarships in its 2013-2014 annual budget.

Central Bank of Egypt
05:00 GMT

Shura Council decision to raise taxes on loan loss provisions at nation's banks is met by anger; banking officials are slated to meet with newly-appointed finance minister to discuss issue.

World Bank end poverty campaign
02:11 GMT

The World Bank has approved a $30 million soft loan aimed at supporting a government initiative to improve access to basic services in impoverished parts of the country.

May 19, 2013

The airline currently has a backlog of 21 Boeing airplanes on order
14:15 GMT

Boeing has delivered a 777-300ER extended range plane to Saudi Arabian Airlines (Saudia), marking the latest milestone in its longstanding relationship with the airline and the kingdom.

Ever wondered why Oman Air cabin crew were so nice?
12:25 GMT

Oman Air has committed RO2mn ($5,2 million) to staff training in 2013, having already invested more than RO3.3mn (some $8 million) over the previous two years.

The performance of the UAE stock markets is broadly in line with the rise in global stock markets
11:27 GMT

Both the Dubai Financial Market and Abu Dhabi Securities Market are trading at a nearly four-year-high, reflecting a return of investor confidence.

Gold traders are predicting that demand will increase
11:14 GMT

Gold prices yesterday dropped to their lowest level for the second time in almost a month, sparking a shopping frenzy at gold shops across the Kingdom.

Ministry floats 11 tenders for Sharqiya internal roads
06:00 GMT

The Ministry of Regional Municipalities and Water Resources (MRMWR) has floated as many as 11 tenders for the design and construction of internal roads in South and North Sharqiya.

Omantel will offer redundant routed capacity with superior quality and the lowest latency
05:00 GMT

Omantel announced that it inked an agreement for another submarine cable, the 'Bay of Bengal Gateway' submarine cable system (BBG).

Qatari banks will continue to look at international expansion in 2013-14
05:00 GMT

The banking system in Qatar has been robust, with a compounded annual growth rate (CAGR) of 20 percent in assets from March 2008 - March 2012 and another 20 percent in the year to March 2013.

May 16, 2013

Retail showed the best performance among sectoral indices
13:04 GMT

The Saudi stock market recorded nominal gains yesterday, as the Tadawul All-Share Index (TASI) closed higher to 7,147.42, adding 8.11 points or 0.11 percent for the entire day.

Credit is likely to maintain the current trajectory
12:57 GMT

Saudi banks continue to support the macroeconomic conditions by providing the necessary financing for local businesses.

Google was set to launch a music subscription service
11:40 GMT

“Expect to hear a lot of noise on new search products like Google Now and voice search integration.“

(Getty Images)
11:12 GMT

Alfa unrolled the country’s first commercial 4G data service in certain areas of Beirut Wednesday and Lebanon’s second mobile operator, touch, is set to follow suit next week.