Spain protests against New Labor Reforms
Spanish unions are holding a general strike to protest against labor reforms which the new government hopes will…
Dubai Islamic Bank Repays $750mln Bonds
Dubai Islamic Bank has announced the repayment of a $750 million, five-year Islamic bond which matured on March 22…
8 out of Arab League’s 22 leaders turn up for Baghdad Summit
Arab leaders are gathering to discuss a UN-backed peace plan for Syria at the first major international summit to…
Debate On Foreign Reserves Retreat to US$ 10.4 bln Next June
Egypt’s foreign reserves will decline from US$ 15.7 billion as reported in Last February to US$ 10.4 billion by…
KSE Trading Starts In Red
Trading began at Kuwait Stock Exchange, Thursday, with the scale tipping to red in general, and the price index had…
HBTF distributes cash dividends at a rate of 25%
The Housing Bank for Trade and Finance (HBTF) will distribute 25 per cent in cash dividends this year following the…
GCC economy “returns to normal” after 2011 high growth
The economies of Gulf hydrocarbon producers are projected to return to normal growth rates of around four per cent…
Tantawi to determine “Constituent Assembly” Destiny Today
Field Marshal Hussein Tantawi, SCAF’s Chairman, will determine today the constituent assembly’s destiny during a…
GCC bank provisions soar 59% in Q4
Banks in Gulf oil producers are pushing ahead with a drive to build up loan loss provisions in the wake of the 2008…
Egypt’s GASC Buys 120,000 Tons US, Argentine Wheat
Egypt's state-owned wheat buyer, the General Authority for Supply Commodities, or GASC, said Wednesday it bought a…
