UAE's Dana Gas signs deal to recover $280m owed by Egypt

UAE's Dana Gas signs deal to recover $280m owed by Egypt

Egypt has struggled to pay foreign companies for gas since the 2011 revolt that ousted Hosni Mubarak

Dubai's Mirdif developer says mulling offers for takeover

Dubai's Mirdif developer says mulling offers for takeover

Dubai Development Co, which has built the Mirdif area of emirate, says it has identified parties for acquisition or merger deal

Some win, some lose in Gulf's sukuk mutual fund market

Some win, some lose in Gulf's sukuk mutual fund market

Competition is heating up as the market widens and firms vie for a chunk of privately managed accounts

Qatar's economic growth edges up to 5.7% in Q2

Qatar's economic growth edges up to 5.7% in Q2

Robust non-oil activity outweighs a decline in the hydrocarbon sector, according to official data

Abu Dhabi's Al Jaber Group completes debt restructuring

Abu Dhabi's Al Jaber Group completes debt restructuring

Conglomerate's chairman hails 'great milestone'; says planning to execute new projects

Qatar's Ahli Bank signs $200m syndicated loan

Qatar's Ahli Bank signs $200m syndicated loan

Doha-based bank says funds provided by group of 11 lenders will be used for general business needs

Kuwait markets authority endorses UN terror financing rules

Kuwait markets authority endorses UN terror financing rules

Move obliges institutions to freeze all funds belonging to those accused of terror financing

Saudi's Sedco launches first in-house Islamic fund

Saudi's Sedco launches first in-house Islamic fund

Gulf equities fund, domiciled in Luxembourg, has an intial $30 million in assets and is Sedco's 14th fund overall

Gulf said to fund $30bn of African infrastructure projects

Gulf said to fund $30bn of African infrastructure projects

New report says aid from GCC-based entities represents up to 10% of total African inflows over past decade

Dubai Chamber chief backs review of bounced cheques crime

Dubai Chamber chief backs review of bounced cheques crime

Hamid Buamim says UAE should look at best practices around the world to readdress the issue


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