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Mobily's woes deepened last week when its audited results revealed it made a $243 million loss last year.
March 03, 2015 - 14:38 GMT
Saudi Arabia's market regulator is investigating possible insider trading in shares of telecommunications operator Mobily relating to its shock earnings restatement.
The popular Indonesian tourist destination welcomed more than 3.7 million foreign tourist arrivals in 2014.
March 03, 2015 - 10:45 GMT
Dubai-based Emirates Airline has announced the launch of a new daily service to the island of Bali in Indonesia.
The three wealthy Gulf governments, deeply opposed to Mursi’s Muslim Brotherhood group, ramped up aid to Egypt after his ouster and are spending heavily to try to ensure the success of current President Abdel Fattah al-Sisi.
March 03, 2015 - 08:23 GMT
Egypt has obtained $23 billion in aid from Saudi Arabia, the United Arab Emirates and Kuwait in the 18 months since Islamist President Mohamed Mursi was ousted.
Saudi Arabia’s market, on the other hand, lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.
March 03, 2015 - 08:10 GMT
Egypt’s stock market rebounded on Monday after bullish comments from government officials and executives and signs that the planned parliamentary election will go ahead soon.
Inflation should range between 3% and 5%, the report noted while the average economic growth expected is 7%.
March 02, 2015 - 21:38 GMT
President Abdel Fattah Al-Sisi is set to present the “Sustainable Development Strategy Egyptvision 2030” during the March Economic Development Conference.
Al Maraj also told reporters that he expected commercial lending in the country to grow after a temporary lull.
March 02, 2015 - 21:32 GMT
Bahrain’s central bank governor has warned of a possible slowdown in economic activity in the Gulf state due to the current volatility,
He said Oman’s banking sector expected to see profits expand 10 per cent in 2015, in line with growth last year; loan growth might be 10-12 per cent, compared to 11 per cent in 2014.
March 02, 2015 - 21:26 GMT
Oman plans to make its first sovereign issue of Islamic bonds, a OMR200 million ($520 million) issue, by mid-2015 to help finance a budget deficit caused by the plunge of oil prices,
A wave of back-to-the-city gentrification has seen property prices shoot up against a national trend of stagnation at best.
March 02, 2015 - 08:54 GMT
The acquisition is the latest in a string of eye-catching European purchases for Qatar, which already owns London department store Harrods and top French football club Paris Saint-Germain,
That’s the vision, but then the mobile industry has a history of over-promising what it actually delivers with each G.
March 02, 2015 - 08:23 GMT
But first they’ll have to decide what 5G needs to do that the current, fourth generation of wireless networks can never offer.
Turkish Central Bank Governor Erdem Basci sought to calm jittery investors, appearing to dismiss rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.
March 02, 2015 - 08:02 GMT
Turkish Central Bank Governor Erdem Basci sought to calm jittery investors, appearing to dismiss rumors that he would resign and giving a brief lift to the lira currency after it tumbled to a record low.
The Abu Dhabi company is led by a team of executives who worked at Emaar Properties, including Emaar's current chairman, Mohamed Alabbar.tra
March 02, 2015 - 04:55 GMT
The project will be privately funded by an "investor developer" and possible international partners and will cost $75 billion to $80 billion over 12 years.