Latest Business News
ADBC files lawsuit against Credit Suisse over CDS
ABU DHABI/ZURICH: Abu Dhabi Commercial Bank said on Thursday it was suing…
Bahrain: Banking on success
Financial services in Bahrain are increasingly being measured not merely in terms…
Facebook moves closer to trademarking ‘face’
NEW YORK: Facebook has moved a step closer toward trademarking the word…
Islamic finance liquidity body to issue sukuk in 2011
A new global Islamic liquidity management corporation backed by central banks will…
Islamic derivatives standard to add product contracts
Bankers hoping to introduce the wider use of derivatives in Islamic finance…
CI Capital’s Karim Helal on emerging markets’ private equity allure
“The whole world is talking about emerging markets and how they are…
BP makes significant gas discovery in Egypt
LONDON: BP PLC says it has made a significant gas discovery in…
Banque Du Caire to grow portfolio by 20 pct annually, says CEO
Banque Du Caire is planning to grow its overall portfolio by an…
Maaden sees full phosphate output in 2011
KHOBAR: A phosphate joint venture between Saudi Arabia Mining Co (Maaden) and…
China’s Saudi oil imports seen up 11 pct next year, say sources
BEIJING/SINGAPORE: China's crude oil imports from Saudi Arabia will likely rise 11…