2003
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KSE up 100pc this year
The Kuwait Stock Exchange closed the first trading day of the week at 4,757.10 points, up one per... Read full article »
Saudi American name change
The Saudi American Bank has changed its name to Samba and taken out huge adverts in local... Read full article »
EFF pays 10pc dividend
The Emirates Flagship Fund, the renamed Emirates Equity Fund, has declared a 10 per cent... Read full article »
Citibank to exit Oman
Citibank is closing down in Oman after the recent sale of its small loan portfolio to BankMuscat.... Read full article »
Iraq, USD5.6bn power bids next month
The US-led interim government will invite tenders worth a total of USD5.6bn for the... Read full article »
Suez Canal posts record revenue
The Suez Canal earned USD2.6bn in revenue this year, up from USD1.9bn in 2003. This 32 per cent... Read full article »
IFFCO, USD125m HSBC, WestLB loan
Dubai based International Foodstuffs has inked a USD125m financing package with HSBC and WestLB... Read full article »
ADSM adopts evening session
The Abu Dhabi Securities Market is to adopt an evening session from 4.30-7pm on a trial basis... Read full article »
US dollar, new euro low
The US dollar hit a new low against the euro for the year on Wednesday and closed at almost USD1.... Read full article »
Saudi GDP to shrink in 2004
Saudi Arabia is likely to see a contraction in GDP next year due to a fall in oil prices,... Read full article »
Saudi, Iraqi debt talks premature
Saudi Foreign Minister Prince Saud Al Faisal said that talk of Iraqi loan write-offs would have... Read full article »
Saudi intellectuals urge reform
A petition from more than 100 Saudi intellectuals has been presented to the government, reported... Read full article »
Iran budgets for 7.5pc growth
The draft Iranian budget presented yesterday aims to secure 7.5 per cent economic growth in the... Read full article »
Air freight charges up 5-10pc
The 55 airlines operating through the UAE have been allowed to raise air freight charges by five... Read full article »
AD leads UAE bourse growth
The Abu Dhabi Securities Market saw turnover surge from USD362m to USD861m in the first eleven... Read full article »
