ABU DHABI/ DUBAI , Nov 27 (Reuters) - An advisory body to the United Arab Emirates government has suggested that the central bank review the country's currency peg to the U.S. dollar, but local bankers...
DUBAI , Nov 27 (Reuters) - State-owned conglomerate Dubai World will meet with its creditors next week to formally present revisions to its multi-billion-dollar debt restructuring terms, three sources aware of the matter told Reuters on Thursday.
DUBAI , Nov 27 (Reuters) - Zain Saudi, the Saudi Arabian telecoms operator, has proposed a capital reduction to shareholders to eliminate all accumulated losses up to Sept. 30, the company said in a statement on the kingdom's bourse.
DUBAI , Nov 27 (Reuters) - Bahrain's Gulf Finance House (GFH) plans to up its stake in Khaleeji Commercial Bank (KCB) to gain majority ownership, its chairman was quoted as saying by a television channel on Thursday.
DUBAI , Nov 27 (Reuters) - Bahrain's Batelco has mandated Citigroup to sell its Jordanian mobile operator Umniah, two sources familiar with the matter told Reuters.
DUBAI , Nov 27 (Reuters) - The International Finance Facility for Immunisation Co. (IFFI), for which the World Bank acts as treasury manager, has launched a $500 million Islamic bond issue, a document from arranging banks said on Thursday.
DUBAI , Nov 27 (Reuters) - Saudi Arabia's bourse followed other Gulf markets and fell in early trade on Thursday as investors' hope that OPEC would cut oil output to boost the price at a meeting in Vienna waned, while Egypt extended gains.
ABU DHABI, Nov 27 (Reuters) - Negotiations to implement a $40 billion scheme for one million new homes in Egypt have been slowed by board changes at the Dubai -based contractor Arabtec Holding, Egypt's housing minister said on Thursday.
DUBAI , Nov 27 (Reuters) - Stock markets in the Gulf may remain under pressure on Thursday after oil prices -- which have become investors' main concern -- tumbled to a four-year low as hopes for output cuts by OPEC faded.
(The following statement was released by the rating agency) DUBAI /LONDON, November 26 (Fitch) Fitch Ratings has affirmed 11 Saudi Arabian banks as part of a peer review of the Saudi banking