EgyptAir YoY Profits Drops 75% in 2011
EgyptAir has reported a 75% year-on-year decline in profit to $12 million in 2011, citing the civil unrest in Cairo…
Saudi CMA To Apply Governance Rules Gradually
Saudi Arabia's market regulator has said corporate governance standards and requirements on Authorized Persons are…
Al Khaliji Achieves QR122m Net Profit For Q1 2012
The Board of Directors of Al Khalij Commercial Bank (Al khaliji) Q.S.C. approved on April 15th, 2012 the…
Saudi Main Index Falls Most in Eight Months
Saudi Arabia’s benchmark dropped to its lowest level in eight months, as concerns on global markets continued to…
Sony Misses a Standout Feature in Recovery Strategy
Sony has little chance of winning back its reputation as an innovator or vaulting ahead of stronger rivals with the…
Google Fined in Privacy Case
The US Federal Communications Commission is seeking a $25,000 fine from Google for not cooperating with an…
GCC Exports to Japan Increases by 40% in 2011
A sharp increase in oil prices boosted exports of goods by the UAE and five other Gulf hydrocarbon producers to…
R&M Launches New Partnership Program in Egypt
Reichle & De-Massari (R&M), the Swiss structured cabling specialist, today announced the introduction of a…
NBE Reduces Non-Performing Loans To EGP 60 Bln This Year
National Bank of Egypt (NBE) targets reducing non-performing loans to EGP 6 billion in this fiscal year, down from…
BDAC To Launch Savings Certificates With 11% Accumulated Return
Bank for Development and Agricultural Credit (BDAC) studies offering savings certificates with a fixed accumulated…