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Qtel Q4 net profit down 5% on provisions

Qatar Telecommunications Co (Qtel) posted a 5.2 percent drop in fourth-quarter net profit on Tuesday on increased provisions taken
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Mideast upheaval signals sovereign fund rethink

Popular revolts across the resource-rich Middle East and North Africa may transform the management of windfall oil wealth, potentially denting
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Saudi stocks slump most since 2008 on concern unrest to spread

Saudi Arabia’s benchmark stock index plunged the most since December 2008 on concern political unrest in the Middle East may spread to the kingdom
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Bahrain unrest batters economy

Bahrain's tourism and financial sectors have been hit by the unrest that has gripped the country and its 2011 for the kingdom to restore its reputation as a business-friendly hub will not be repaired
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Oil, gold, silver soar on Mideast unrest

Brent oil prices rose on Wednesday towards $116 a barrel, silver hit a 31-year peak and gold traded less than half a percent from
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BMI sees strong growth in Lebanon’s life insurance market from 2011 to 2015

Business Monitor International (BMI) said in a report on the Lebanese insurance market that it expected significant growth in the life insurance
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Moody’s downgrades Egypt outlook to negative

Moody's Investors Service has downgraded Egypt's government bond ratings to Ba2 from Ba1 and has changed the outlook to negative from
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Egypt unrest could spark financial crisis

Egypt has substantial reserves to avoid an external payments crisis but these could be seriously depleted within weeks if political protests
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Dubai sees drop in Q4 rentals

The average rentals continued to fall across the residential, office and retail sector in Dubai during the fourth quarter due to a steady
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Alwaleed’s Kingdom bids for Zain Saudi stake

Saudi billionaire Prince Alwaleed's investment firm has offered to buy Kuwaiti telecom company Zain's Saudi Arabian assets, paving the
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Saudi urged to set up SME authority

Capitas Group International (CGI), a Jeddah-based management consultancy and advisory firm, has recommended a framework
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Family businesses ‘need to diversify’

Family businesses need to diversify into more value-added enterprises like financial services and industrial production
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