Main headlines

June 19, 2013

Masdar's Seychelles Wind Farm
11:24 GMT

The Abu Dhabi Future Energy Company or Masdar in association with the Abu Dhabi Fund for Development (ADFD) has launched a six-megawatt, eight-turbine wind farm in the Republic of Seychelles.

Central Bank of Qatar
11:14 GMT

Qatar Exchange has announced the introduction of government bonds issued by the Qatar Central Bank for trading on the exchange, which will commence on 20 June 2013.

Dubai Airport
06:00 GMT

The organisers of the inaugural Dubai Airports 9-Ball Billiards Championships are hoping to discover some fresh talent to lend depth to the national squad.

Dubai and Abu Dhabi bourses trade cautiously
06:00 GMT

UAE shares traded cautiously on Tuesday and booked some profits, especially Dubai, as traders await greater clarity on US monetary policy.

June 18, 2013

Central Bank of Bahrain
13:57 GMT

The Central Bank of Bahrain (CBB) announced that this week's BHD 35 million issue of Government Treasury Bills has been oversubscribed by 123 per cent.

Deloitte's Headquarters
13:52 GMT

New Deloitte report examines emerging regulatory and practice challenges faced by the Takaful industry

Turkish bourse
13:45 GMT

Turkey has seen $1.35 billion of capital outflows from its equity markets since May 26 due partly to global market conditions and two weeks of domestic political unrest, Deputy Prime Minister Ali Babacan said on Tuesday.

13:06 GMT

Investcorp Gulf Opportunity Fund has agreed to acquire a 38 per cent stake in Al Yusr Industrial Contracting Company WLL (AYTB).

Purchase would be subject to a due diligence process and regulatory approvals
11:27 GMT

Etihad Airways said on Monday it had signed an initial agreement with the Serbian government over a possible equity investment in the country's loss-making JAT Airways.

Arab Monetary Fund
11:26 GMT

The Arab Monetary Fund (AMF) will provide a $144 million loan to Yemen this year to help its financial reform programme, the fund said on Monday.

The ratings agency also downgraded the three leadings banks in the country
06:19 GMT

Lebanon’s public debt swelled by nearly $5 billion during the term of former premier Najib Mikati’s Cabinet, the secretary-general of the Association of Banks in Lebanon said.

Financial close of the main financing is expected to occur during the third quarter of 2013
06:19 GMT

Sadara Chemical Company (Sadara) yesterday announced the signing of a number of definitive financing agreements for an additional funding of approximately SR 39.37 billion ($ 10.5 billion).

Jordan remains the main source of remittance inflows to Oman
06:00 GMT

A World Bank report has shown that the sultanate received US$39mn in remittances from Omani expatriates in 2012, ranking it 145th out of the 165 countries for which there is remittance inflow data.

Among the top losers were Al Batinah Dev Inv Holding
05:00 GMT

The general index of the Muscat Securities Market (MSM) gained 0.40 per cent to close at 6509.94 points on Tuesday.

Personal-care items and services dropped by seven per cent in April, on month
05:00 GMT

Helped by moderating global commodity prices and a strong US dollar, to which Oman keeps its currency pegged, the sultanate's annual inflation fell to a 40-month low in April.