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Dubai Investments, the largest investment company listed on the Dubai Financial Market, on Sunday declared a net profit of Dh171 million for the first six months of the year.
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Major Gulf investors are turning their attention to Turkey where one of the region’s fastest growing real estate markets is being built by a prosperous national economy, according to industry experts.
Etihad Airways has opened a new sales kiosk in the Muscat City Centre for the holy month of Ramadan, aimed at keeping pace with the ever-growing demand for air travel from the sultanate during this period.
As expected, Reserve Bank of India (RBI) in its quarterly review of monetary policy has not reduced its benchmark lending rate (repo) or the cash reserve ratio-the portion of bank deposits to be compulsorily kept with the RBI without earning any interest.
India’s new Finance Minister on Monday sought to soothe worried investors by saying he would bring clarity to tax laws and unveil a plan to rein in the country’s fiscal deficit.
World stock markets rose, boosted by stronger-than-expected US hiring for July following three months of weak job gains. Investors scooped up shares on news that the pace of hiring in the world’s biggest economy was improving and were also heartened by a softening of Italy’s and Spain’s sovereign bond yields — a sign of less worry about those economies.
WASHINGTON/RABAT — The International Monetary Fund, or IMF, approved loans to Morocco and Jordan after they were hit by costlier energy bills, economic restraints from regional instability and an escalating eurozone crisis.
US employers in July hired the most workers in five months, but an increase in the jobless rate to 8.3 per cent muddled the near-term outlook for monetary policy.
State-controlled Royal Bank of Scotland, or RBS, said on Friday it has dismissed employees over an interest rate rigging scandal, but gave no indication of whether it would reach a settlement soon with investigating authorities.
Saudi arabia is spending more than $60 billion on a logistics hub, airport improvement and roads to reduce travel time in the Arab world’s biggest economy.
