Ahmed Ezz granted bail for illegal acquisition of steel company, but remains in detention
The steel tycoon remains locked up for two other financial corruption cases
Emirates REIT to raise $135m in first Dubai IPO since 2009
Reuters - A real estate investment trust, Emirates REIT, said on Tuesday…
Huge housing deal may signal Gulf investment push into Egypt
The construction company said on Sunday that it had agreed with the…
Egypt gains marginally after $40bn housing deal; Gulf mixed
Reuters - Egypt’s shares rose slightly on Monday after a deal between…
Fitch upgrade boosts Saudi shares
Saudi Arabia’s measure advanced 1.1% to its highest level since July 2008,…
Qatar may face higher costs of hiring foreign workers: IMF
Qatar, which has denied the Guardian’s findings, has seen an increasing influx…
Global PC shipments to fall 6.1% in 2014: IDC
Reuters - Global shipments of personal computers fell 9.8% last year, the…
UAE’s Etisalat misses forecast with 70% profit leap
Etisalat’s 2013 full-year net profit rose to AED 7.08bn from AED 6.74bn…
Kuwait’s Zain says finalises $800m, five-year loan facility
Reuters - Kuwait’s Zain has finalised an $800m, five-year loan facility from…
Dubai’s DAMAC triples profit as property sales surge
Reuters - Dubai luxury real estate developer DAMAC tripled its 2013 net…