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  1. Iran says lower oil prices a new tactic to undermine its economy

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - Iran has accused fellow Muslim countries in the Middle East of plotting with the West to bring down oil prices as a tactic to further undermine its sanctions-hit economy.

  2. Abraaj aims to seal purchase soon of Saudi fast-food chain Kudu

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - Private equity firm Abraaj Group hopes to conclude a deal soon to buy a majority stake in Saudi fast-food chain Kudu alongside TPG Capital, a senior Abraaj executive told Reuters.

  3. Kuwait's Global Investment House says shareholders approve capital cut

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - Shareholders of Kuwait's Global Investment House have approved the write-off of 94.7 million dinars ($327.9 million) of the company's losses through a capital reduction, the investment firm said in a statement on Tuesday.

  4. CVC eyes $700 mln deals in Middle East, North Africa

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - European private equity firm CVC Capital Partners is looking for deals in the Middle East and North Africa (MENA) with a price tag around $700 million, its co-chairman said...

  5. Saudi Samba Q3 profit up 9 pct as operating income rises

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - Samba Financial Group, Saudi Arabia's third-largest bank by assets, posted a 9.4 percent rise in third-quarter net profit on Tuesday, in line with analyst forecasts as operating income increased.

  6. Dollar/Saudi riyal forwards jump as spot market pressured

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - The Saudi riyal fell sharply against the U.S. dollar in the forwards market on Tuesday because of a surge of demand for dollars in the spot foreign exchange market, where...

  7. UPDATE 1-MIDEAST STOCKS-Qatar edges up on Q3 results, UAE bourses mixed

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - Qatar's stock index edged up in early trade on Tuesday after several local companies reported solid third-quarter earnings, while markets in the United Arab Emirates were mixed.

  8. Abu Dhabi's Waha Capital gets regulatory nod for share buyback

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - Abu Dhabi-listed investment firm Waha Capital has secured regulatory approval to buy back up to 10 percent of its outstanding shares, the company said in a bourse filing on Tuesday without disclosing the price it would offer.

  9. MIDEAST STOCKS-Markets may keep following global lead, investors cautious

    Headlines

    Tue, 21 Oct 2014

    DUBAI , Oct 21 (Reuters) - Bourses in the Middle East look likely to continue following the lead of European equities on Tuesday after mixed signals from other global markets.

  10. New Issue- IDBI Bank prices $350 mln 2020 bond

    Headlines

    Mon, 20 Oct 2014

    Borrower IDBI Bank Limited, acting through its Dubai

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