2003
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Gold passes USD416 an ounce
The gold price reached an eight-year high of USD416 in morning trading on Tuesday. However, some... Read full article »
USD9bn Syria budget passed
The Syrian parliament has passed a USD9bn draft budget for 2004, up 12 per cent on the previous... Read full article »
USD1.30 euro in prospect
Finance Ministers from the G7 nations will meet next week with the collapsing US dollar high on... Read full article »
Top brand prices to rise in GCC
The top end of GCC retailing will see some sharp price increases in the New Year due to the... Read full article »
Orascom, USD680m finance
Orascom Telecom of Egypt has announced the closure of a USD680m financing deal to pay for its... Read full article »
Mashreqbank, euro term notes
Mashreqbank is to launch a euro medium term note programme with Banc America and Morgan Stanley... Read full article »
ABC targets Iraq, Libya
Arab Banking Corporation has declared plans to enter the promising markets in Iraq and Libya. The... Read full article »
USD1.25 to the euro
The euro moved above USD1.25 for the first time yesterday as the greenback continued its five... Read full article »
AD, USD10bn industrial plans
Abu Dhabi is looking for USD10bn in investment from local and foreign sources to develop its... Read full article »
AMF, USD244m loan to Egypt
The Arab Monetary Fund has provided a USD244m loan to Egypt to support its economic reform... Read full article »
Bahrain, first private power scheme
The Bahraini Cabinet yesterday approved the Kingdom's first private electricity power station,... Read full article »
Riyadh Daily closing down
The English language Riyadh Daily newspaper is to close on January 1 due to huge losses and a... Read full article »
Dubai, USD50m for Jeddah port
The Dubai ports authority is investing USD50m in new equipment for the South Container Terminal... Read full article »
Bahrain approves insurance centre
Bahrain has approved the creation of an International Insurance Centre which will be located in... Read full article »
USD500m UAE Navy boats, ADSB
Abu Dhabi Shipbuilding has won a USD500m order to build six advanced corvettes for the UAE Navy.... Read full article »
