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…
Bahrain’s GIB Net Income Rises 23%
Bahrain-based lender, Gulf International Bank (GIB) has said its consolidated net profit after tax rose 23%…
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,…
37% Of Dubai SME 100 Companies Prefer Emirates NBD
Emirates NBD, a leading bank in the region, announced that it was the preferred banking partner for 37 of the 100…
Lebanese PM meets Al-Azhar Gram Imam
Former Lebanese Prime Minister Fouad Siniora handed Al-Azhar Sheikh Ahmad al-Tayeb the Future Movement’s political…
Hotels feel impact of Arab Spring
More than a year after the popular risings across the Arab world changed the region's business outlook, hotel…
Dubai Banks’ Profits Declines 35% In Q1
The net profits of Dubai-based banks dipped by nearly 35 per cent in the first quarter of 2012 and the bulk of the…
9th Annual IFSB Summit Discusses Global Financial Reforms
The 9th Annual Summit of the Islamic Financial Services Board (IFSB) which is scheduled to be held at the Swissotel…
ADX General Index Off 0.33%, Taqa 3.20% Lower
The Abu Dhabi Securities Exchange (ADX) General Index closed off 0.33% Monday, at 2,503.82 points. Abu Dhabi…
Al-Shater: We need EGP 30 bln for the National Projects
MB’s General Guide Deputy Khairat Al-shater said the state’s general budget needs EGP 30 billion in order to…