2005
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DIC, $1.23bn Doncasters deal
Dubai International Capital says it has agreed to pay $1.23bn for the UK-based Doncasters Group... Read full article »
Rasmala gets DIFC licence
Rasmala Investments, an investment banking and asset management firm, has been granted a licence... Read full article »
Qafco turns $495m profit
Qatar Fertilizer Company says it has recorded a profit of over $495m in 2005, an increase of 92%... Read full article »
Saudi stocks on a high
Saudi stocks scaled a new record high yesterday on news of a $57bn 2005 budget surplus, with the... Read full article »
Sagia, Swicorp $5bn consortium
The Saudi Arabian Investment Authority and Swiss-based investment bank Swicorp have created a... Read full article »
GCC, EU FTA to bring FDI
The Dubai Chamber of Commerce and Industry says a free trade agreement between the GCC and EU... Read full article »
Steep drop for gold
Gold fell more than 1% on heavy selling in Tokyo futures, as traders predicted a steep downturn.... Read full article »
Jawad IPO on BSE
Bahrain-based Jawad Business Group will list its Jawad International Fashion division on the... Read full article »
Saudi's $18.9bn budget
Saudi Arabia has announced an $89.3bn budget for 2006, from which it has earmarked $33.6bn for... Read full article »
Gulf telcos outbid for Telsim
Etisalat and Emaar have lost out to UK-based Vodafone in a bid to buy Telsim, Turkey's second... Read full article »
UAE stocks down
UAE stocks declined further yesterday, with Dubai shares falling more than 1% and Abu Dhabi... Read full article »
DIFC, Islamic finance advice
The Dubai International Financial Centre has set up an Islamic Finance Advisory Council to help... Read full article »
UAE shares lose ground
The Dubai Financial Market index lost 2.8% yesterday to close at 1,102.23 points and cancel out... Read full article »
Carborundum comes to UAE
Carborundum Universal, a subsidiary of the $1.5bn Indian conglomerate Murugappa Group, has set up... Read full article »
UAE railway, up to $3.89bn cost
The UAE's nationwide railway system, Emirates Railway, which could eventually cover 700-1000km,... Read full article »
