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RSA Insurance buys Al Ahlia for $49m

Parent company, ONIC Holding will acquire 20.03% stake in RSA Oman in return.
10.02 2010

Oman end-Dec money supply grows 4.7% y-o-y

Money supply measured as M2 stands at $20.29bn at the end of December 2009.
10.02 2010

Prison guards break up riot at Saudi girls' school

Female prison wardens called in to quell rioting over confiscated mobile phones.
09.02 2010

Moody downgrades Alaqaria's rating to Baa1

Concerns over high government support levels being affected prompts ratings drop.
14.01 2010

Emaar continues Burj Khalifa maintenance work

Eyewitness speaks of 45 minute wait at the top of the world's tallest tower.
09.02 2010

KHDA head slams 'commercialised' UAE schools

Education boss says big fee hikes won't happen in 2010; concern on Arabic curriculum.
09.02 2010

Shuaa Capital eyes fee income boost and 2010 profits

Dubai based group suffered heavy losses in 2009 due to financial crisis.
08.02 2010

Dubai's Tamweel swings to profit in Q4

Islamic lender sees funding costs fall in Q4, planned Amlak merger still possible.
08.02 2010

Kuwait cbank cuts repo rate to help fund development

Cut to encourage banks to lend more instead of holding back excess reserves.
08.02 2010

UAE central bank sees 'low' 2010 growth

Reuters poll predicts 2010 growth to be a 2.5%, still higher than 2009 levels.
08.02 2010

Nasdaq Dubai moves closer to DFM, alters hours

Trading times reduced while DFM to run operational functions of NASDAQ equities.
08.02 2010

UAE launches workers' rights booklet

Multilingual booklet outlines the rights and responsibilities of workers in the Emirates.
08.02 2010

Sales spillage

The consumables channel has found the past year a slog as recession-hit customers have taken stock of their outlay on peripheral products. Channel Middle East gathered a selection of influential printer vendors, distributors and consumers to canvass their opinions on price, parallel imports and the growing threat of third party remanufacturers.
08.02 2010

MENA web use 'to soar 50% in next 3 years'

Vice president of Google predicts MENA internet usage will rocket over the next three years.
10.02 2010

UAE business travellers plan more trips in 2010

Survey finds 15% say they plan to increase travel 'a lot' while 16% say it will drop.
08.02 2010

Egypt tourism fell last year, set to recover 2010

Egypt recorded decline in tourism revenue for 2009; sees 6.9% growth in 2010.
08.02 2010

Botanical buildings

UK consultants looking to break the mould with KAIG.
08.02 2010

Deloitte to base Islamic finance centre in Bahrain

Move comes as IMF sees global Islamic finance assets to exceed $1trn by 2016.
08.02 2010

Building a model for the emerging markets

Economies around the world are starting to see early signs of recovery from what has been the worst recession in the last 70 years.
08.02 2010

Burj Khalifa

We all know that the biggest, and most expensive of just about everything has been used on the Burj Khalifa, but did you realise that the project also broke new ground in machinery terms?
08.02 2010
 
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