Dubai Bank & Emirates Islamic Bank Approve Merger
Two Dubai-based banks have approved a plan to merge into one unit following negotiations over the past two years…
Al-Shater: Ex-spy Chief’s Running insults Egyptian Revolution
A bid for power by Hosni Mubarak's former intelligence chief is an insult to Egypt's revolution that, if…
Kuwait’s GDP Raises 4.5% in 2012
Kuwait’s real GDP grew by 5.7 per cent in 2011 and is projected to swell by nearly 4.5 per cent in 2012 due to…
Saudi Banks Benefit On Bourse Bounce
Middle Eastern stock markets rallied in the first quarter of 2012, recovering most of the losses of 2011. But the…
Bahrain Youth Eyes Formula 1
Bahrain’s youth opposition movement has issued a warning to Formula 1 organisers, sponsors and spectators, ahead of…
Abu Dhabi Sells Stake In Tesla
State owned power supplier Abu Dhabi National Energy (TAQA) has sold its 7% stake in US electric carmaker Tesla.…
OPEC Seeking World Oil Price Balance: Iraq
OPEC is seeking a balance in world oil prices, but political instability rather than production issues are…
Google Defends Privacy Policy
Google's chief executive has marked his first year in the job with a letter setting out his vision for the future.…
World Bank Job Should Go To Okonjo-Iweala, Say Ex-Staff
A group of former World Bank officials has written a letter backing Nigeria's Finance Minister, Ngozi…
Kenya Oil Discovery After Tullow Oil Drilling
Oil has been discovered in Kenya after exploratory drilling by Anglo-Irish firm Tullow Oil, President Mwai Kibaki…