Guides & Analytics
Unipec Sues BNP Paribas
Unipec Asia Company Ltd, a subsidiary of China Petroleum and Chemical Corp, has sued BNP Paribas in Hong Kong to recover $46.6 million (Dh171.2 million) from the…
Etihad Pitches Asian Links To European Airlines
Etihad Airways is pitching improved Asian links to major European carriers as it seeks tie-ups in the region, chief executive officer James Hogan said in an…
Sorouh Profit Rises 22% As Project Revenues Grow
Developer Sorouh Real Estate said yesterday the evaluation process to look at the legal and business aspects of a potential merger with the emirate's largest real…
CBE To Offer EGP 2.5 Bln Bonds
Central Bank of Egypt (CBE) will offer EGP 2.5 billion ($413.5 million) in reopened bonds at an auction on May 7. It will offer 1.5 billion pounds in five-year bonds…
Saudi Project To Boost Religious Tourism
In anticipation of the 15.8 million visitors that are expected to flock to Saudi Arabia for religious tourism by 2014, Abdul Latif Jameel Real Estate Investment…
Nokia in Talks to Sell its Luxury Subsidiary “Vertu”
Cell phone maker Nokia is in talks to sell its UK luxury subsidiary Vertu, which hand makes some of the world's most expensive mobile phones. Talks with private…
Bahrain’s GIB Net Income Rises 23%
Bahrain-based lender, Gulf International Bank (GIB) has said its consolidated net profit after tax rose 23% year-on-year to $31.8m for the three months ended March…
Jumeirah Group eyes 50 hotels by year-end
Jumeirah Group, the luxury hotel operator, expects to have 50 hotels in its portfolio by the end of this year, falling short of its original target of 60, according…