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  1. UAE may create body to monitor FX peg, no policy change likely

    Headlines

    Thu, 27 Nov 2014

    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...

  2. Dubai World sets meetings to put new deal to all creditors -sources

    Headlines

    Thu, 27 Nov 2014

    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.

  3. Zain Saudi proposes capital reduction to shareholders -statement

    Headlines

    Thu, 27 Nov 2014

    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.

  4. Bahraini bank GFH targets majority Khaleeji Commercial Bank stake - CNBC

    Headlines

    Thu, 27 Nov 2014

    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.

  5. Bahrain's Batelco hires Citigroup to sell Jordan unit -sources

    Headlines

    Thu, 27 Nov 2014

    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.

  6. World Bank-linked IFFI launches $500 mln 3-yr FRN sukuk - leads

    Headlines

    Thu, 27 Nov 2014

    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.

  7. UPDATE 2-MIDEAST STOCKS-Gulf in sell-off on OPEC pessimism

    Headlines

    Thu, 27 Nov 2014

    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.

  8. Egypt housing project talks slowed by Arabtec board changes-minister

    Headlines

    Thu, 27 Nov 2014

    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.

  9. MIDEAST STOCKS-Markets may remain bearish as oil slides

    Headlines

    Thu, 27 Nov 2014

    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.

  10. Fitch Affirms 11 Saudi Arabian Banks

    Headlines

    Wed, 26 Nov 2014

    (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

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