Latest Business News
Egypt scraps plans to sell stake in Bank of Alexandria
Egypt has scrapped plans to sell its 15 percent stake in Bank…
Fathallah reveals tempting Gulf offers
CAIRO: Zamalek defense star Mahmoud Fathallah revealed he has been approached by…
Debt-laden Dubai leans on core sectors for recovery
DUBAI: A year after scaring global markets over its debt crisis, Dubai…
ADBC files lawsuit against Credit Suisse over CDS
ABU DHABI/ZURICH: Abu Dhabi Commercial Bank said on Thursday it was suing…
Bahrain: Banking on success
Financial services in Bahrain are increasingly being measured not merely in terms…
Facebook moves closer to trademarking ‘face’
NEW YORK: Facebook has moved a step closer toward trademarking the word…
Islamic finance liquidity body to issue sukuk in 2011
A new global Islamic liquidity management corporation backed by central banks will…
Islamic derivatives standard to add product contracts
Bankers hoping to introduce the wider use of derivatives in Islamic finance…
CI Capital’s Karim Helal on emerging markets’ private equity allure
“The whole world is talking about emerging markets and how they are…
BP makes significant gas discovery in Egypt
LONDON: BP PLC says it has made a significant gas discovery in…