DAMAC Properties Hits Construction Milestone In Solidiere
DAMAC Properties , the largest private developer in the Middle East, has completed the raft foundation for its…
EGX 30 Tumbles 0.08%, OTMT 8.62% Down; Early Wednesday
During Wednesday opening session, the Egyptian Exchange (EGX) has posted early losses of EGP 316 million as the…
Beltone Capital Acquires 50 % of Shams Industrial via Capital Increase
Beltone Capital Holding for Financial Investments S.A.E. (“Beltone”) (BTFH) has acquired 50% of Shams Industrial…
Bank For Agricultural Credit Asks Cabinet Approval To Offer Different Interest Rates
The Principle Bank for Development and Agricultural Credit has submitted a study to the Cabinet about imposing…
GCC Non-Performing Loan Provisions Surge
The collective non-performing loan provisions made by the 22 Gulf Cooperation Council (GCC) banks surged in the…
Saudi Letters Of Credit Up 24% As Economic Growth Spurs Demand
The value of letters of credit signed by lenders in Saudi Arabia surged 24 percent in the first six months of 2012…
Commercial International Bank’s Ratings And Negative Outlook Affirmed
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Commercial…
Dollar Edges Higher On Europe Pessimism
The dollar edged higher against major rivals during Asian trading hours Wednesday, as optimism for progress in…
Asia Stocks Mostly Up, But China, Australia Slip
Most Asian markets moved modestly higher Wednesday, with Japan supported by deal speculation, although mainland…
Gold Futures Edge Higher In Asia Trading
Gold futures inched higher in electronic trading Wednesday, in a muted session across the metals complex as…