UAE’s Arqaam Capital buys Egyptian brokerage El Rashad
DUBAI: Arqaam Capital, a Dubai-based regional investment bank, has acquired Egyptian brokerage…
Volatile markets expected to yield growth in 2012: HSBC
CAIRO: As volatility gives way to long-term investment opportunities, a report by…
Oil hovers below $103 as EU mulls Iran oil ban
Oil prices hovered below $103 a barrel Thursday as the European Union…
Euro slumps on renewed Spain concerns
PARIS: The euro slumped to a 16-month low against the dollar Thursday…
Fears for tourism as Islamists verge on victory
SHARM EL-SHEIKH: On a barren hill in Sharm El-Sheikh, not far from…
Stock market stagnation due to seasonal trend, says consultant
CAIRO: Egypt's main index, EGX30, fell by 0.74 percent reaching 3,627.80 points…
Algerian ruling party holds congress on reforms
ALGIERS: Algerian Prime Minister Ahmed Ouyahia's party will hold a congress Thursday…
Gold jumps after preliminary EU deal on Iran oil ban
LONDON: Gold was set for its strongest two-day rally in 2-1/2 months…
OPEC oil supply hits 3-year high: Reuters survey
LONDON: OPEC oil output rose in December to the highest since October…
Markets to focus on Saudi Q4 petchem earnings
DUBAI/CAIRO: Gulf stock investors will focus on Saudi Arabia next week as…