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NEWS HEADLINES

Qatar- QIB profit grows by 10.3% to QR2.15bn
QIB has recorded a net profit of QR2.15bn for the fiscal year 2016, up 10.3 percent compared to QR1.95bn for the year 2015....
EU's Juncker vows to work for 'balanced' Brexit deal
AFP Strasbourg, France:European Commission chief Jean-Claude Juncker promised Wednesday to seek a "balanced"...
China plans to allow foreign companies to launch IPOs
China may allow foreign companies to launch IPOs on its stock exchanges and issue corporate bonds, the government said, after...
Emerging stocks rise currencies mixed
Emerging stocks rose for a second day yesterday but currencies struggled to build on their gains in the wake of recent dollar...
GCC insurers under pressure to increase retention levels for high-rise buildings: A M Best
The Gulf Cooperation Council (GCC) insurers are coming under pressure to increase retention levels for high-rise buildings to...
Egypt to end capital controls, reform oil sector in IMF deal
Egypt will scrap its remaining caps on transfers and deposits of foreign currency by the end of June and overhaul its oil...
Saudi National Commercial Bank Q4 profit up 7.5%
Saudi Arabia's National Commercial Bank (NCB) reported a 7.5% rise in fourth-quarter net profit yesterday as the kingdom's...
Qatar Shell, WorleyParsons sign 5-year EPCM service contract for Pearl GTL
Qatar Shell has awarded a five-year contract to WorleyParsons for engineering, procurement and construction management (EPCM)...
Arabia Insurance picks Al Anwar's 20.35% stake in Falcon in SPA deal
Muscat- Al Anwar Holdings and thirteen other minority shareholders of Falcon Insurance Co have entered into a sale &...
Qatar- QNB 'raising' $1bn loan from Asian lenders
Qatar National Bank, the largest bank in the Middle East and Africa by assets, is raising a $1bn, three-year syndicated loan in...
Egypt- Infinity Solar, Coca-Cola agree on establishing EGP 40m solar plant
Infinity Solar Systems and Coca-Cola have agreed to establish a solar power plant at the latter's factory in Alexandria....

 

 
 
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Pep Guardiola: Man City manager handed £250 million transfer kitty Antonio Valencia: The Ecuadorian extends his contract with Manchester United Adama Traore: Chelsea interested in signing the Middlesbrough prospect


 
 

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