2005
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Saudi shares lose ground
Saudi shares dropped 1.72% Tuesday, as a big fall in industrial sector stocks sent the Tadawul... Read full article »
Istithmar, $50m SpiceJet investment
UAE-based Istithmar has raised its stake in SpiceJet, the low-cost Indian carrier, to $50m. The... Read full article »
Sorouh opens in AD
Sorouh Real Estate traded heavily on debut on the Abu Dhabi Securities Market as more than 68.1m... Read full article »
Dubai Holding, new subsidiary
Dubai Holding has set up a company called Tatweer to manage some of its biggest investments in... Read full article »
UAE, 2005 budget surplus
The UAE is set to post a budget surplus for 2005, its first for 20 years, due to increased... Read full article »
GCC criteria for monetary union
GCC leaders have endorsed criteria for a monetary union and have agreed to forge a common policy... Read full article »
NSCSA, $1.3bn expansion plan
Saudi Arabia's National Shipping Company is planning to raise $1.3bn in 2006 to fund its five-... Read full article »
Home finance to hit $750bn
The value of home finance in the GCC is expected to cross $750bn in the near future as investment... Read full article »
Lloyds TSB IPB opens at DIFC
Lloyds TSB International Private Banking is opening an office at the Dubai International... Read full article »
DIFX gets new chairman
The Dubai International Financial Exchange has announced that Henry Azzam, who has a background... Read full article »
Pakistan, PTCL deadlock offer
Pakistan has agreed in principle to allow Etisalat pay for a 26% stake in Pakistan Telecom over... Read full article »
DP World, P&O tactical move
Dubai port operator DP World is expected to make a straight out bid of $5.8bn for British... Read full article »
Kuwait stocks slip
The Kuwait Stock Exchange index dipped 1.83% yesterday, its biggest decline since 12 November,... Read full article »
GIC, Merill Lynch $751m CDO
Gulf Investment Corporation and Merrill Lynch have signed a $751m collateralised debt obligation... Read full article »
UAE stocks fall again
Shares on the Dubai Financial Market closed down by 2% today at 1,080 points, while Abu Dhabi... Read full article »
