Qatar National Bank loses $3 billion in market value after Gulf rift
Shares of Qatar National Bank (QNB), the Gulf's largest lender, were down as much as 5 percent on Tuesday midday…
Browsing Tag
UAE
Iran blames Trump for Saudi, Egypt, UAE, Bahrain cutting Qatar ties
Iran -- long at odds with Saudi Arabia and a behind-the-scenes target of the move of severing ties with Qatar--…
Flydubai says will suspend all flights between Dubai and Doha
Dubai-based budget carrier Flydubai announced Monday it would suspend flights to and from Doha from Tuesday after…
Libya’s eastern-based government cuts diplomatic ties with Qatar
Libya's eastern-based government has decided to cut diplomatic relations with Qatar, its Foreign Minister announced…
Moody’s upgrades Kuwait and UAE credit outlook, cuts Qatar’s debt rating
Moody’s Investors Service has upgraded Sunday its creditworthiness outlook for both the UAE and Kuwait, but…
UAE’s Dana Gas receives overdue $50 million payment from Egypt
Sharjah-based Dana Gas said Thursday it received $50 million from the Egyptian government as partial payment of…
Emaar Misr Q1 profits rises 72%
Emaar Misr, unit of Dubai property developer Emaar, reported a 72 percent increase in its first quarter profits to…
ASEC-Capital to sign Suez Canal giant industrial city deal at March-end
The General Authority for Suez Canal Economic Zone’s (SCZone) and the ASEC-Capital alliance, which includes…
Egypt’s Hero Food Industries to boost 500m pounds-exports in 2017
Egypt's Hero Food Industries is planning to double the volume of its exports in 2017 to reach 500 million Egyptian…
Russia to deliver MiG-29 jets to Egypt on time: Sputnik
A delivery of 50 MiG-29 fighter aircraft from Russia to Egypt is set to be delivered on schedule by 2020, the…