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Bahrain’s GFH succeeds in capital raising exercise

Gulf Finance House (GFH), the Bahrain-incorporated Islamic investment bank, seems to have hit its fund raising target of $350 million through a mixture ...

Lebanon eyes MEA airline IPO after world crisis over

Lebanon may launch a public sale of 25 percent of national carrier Middle East Airlines after the world economy improves and a new government ...

United Arab Emirates continues as most prosperous Arab nation, ahead of Kuwait

The third edition of the Legatum Prosperity Index, published today, ranks 104 countries (covering 90% of the world's population), based on ...

GCC Investor Confidence Index rises 3.8% to 132.2; Saudi index records biggest gain in GCC

Shuaa Capital, the region's leading financial services institution, today issued its October GCC Investor Sentiment Report, the only report of its kind for the Gulf markets ...

Expert sees Qatar as a hub of production

Qatar could become a major manufacturing hub and aim for a future that lasts well beyond the energy boom, noted inventor and entrepreneur ...

Oman International Bank 9-mth net profit down 27 pct

Oman International Bank posted nine-month net profit of 15.55 million rials on Monday, down 27 percent from the same period last year. ...

Lebanon fourth largest recipient of IMF technical aid in region

The International Monetary Fund’s Middle East Technical Assistance Center (METAC) indicated that Leba­non accounted for 10 percent of its overall allocation of technical assistance delivery ...

Egypt central bank publishes core inflation index

Egypt's central bank began publishing a core inflation index , a move seen as increasing transparency about monetary policy in a country where price rises peaked at more than 20 percent in 2008. ...

Expats top 50 per cent in Bahrain

The number of expatriates has exceeded 50 per cent of the total population for the first time in Bahrain's history. 'Foreigners now ...

Indebted Dubai plans to meet potential investors

The Dubai government is planning to meet with potential international investors this week as it tries to dig itself out from under at least $80 billion in debt ...

Qatar: 30pc rise in tenders for public projects

There has been a 30 percent increase in the number of tenders floated for various public projects in the country so far this year. So, given the surge in the number of bids it is expected that by the year-end this percentage ...

Foreign worker remittances from Saudi Arabia soaring

Remittances from Saudi Arabia’s estimated nine million mostly Asian foreign workers are soaring as the kingdom recruits more of them for its massive ...
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