| G7 leaders vow speedy response to euro crisis
European finance ministers from the Group of Seven economies vowed after emergency talks yesterday to respond ... Saudi- Islamic finance must widen global links
Islamic Development Bank Group President Ahmad Muhammad Ali yesterday called for integrating Islamic finance with real ... Kuwait- NBK optimistic over Egypt economy despite challenges
The National Bank of Kuwait believes Egypt would remain a strategic market for its activities and optimistic ... Jordan- Construction firms come under austerity hammer
By curbing capital spending, the government is driving many construction firms out of business, contractors ... Etihad acquires 3.96% stake in Virgin Australia
Etihad Airways has acquired a 3.96 per cent stake in Australia's second biggest airline Virgin Australia ... Shariah-compliant banks eye greater share
The Eurozone crisis, combined with public anger over the excesses of conventional banks, has presented ... Abu Dhabi funds projects in Eretria
The Abu Dhabi Fund for Development has signed a loan agreement Dh183.6 million with the Government of ... Saudi- Metito to invest SR 500 million
Metito, a leading provider of total intelligent water management solutions in emerging markets, yesterday announced it ... Saudi- Indian spice exports to KSA rise four-fold in one year
An exclusive Indian trade fair is being scheduled in December this year in Jeddah. India, whose companies have been ... Earnings of Saudi banks reach USD2.47b in Q1: CB
The Saudi Arabian Monetary Agency stated that during the first quarter, earnings of Saudi banks reached around USD2.47 ... UAE and Cape Verde sign ASA
The UAE represented by the General Civil Aviation Authority has signed an air services Memorandum of ... Saudi- Al-Suwaiket opens tallest tower in Eastern Province
The Eastern Province's skyline is changing, and changing rapidly. The latest landmark, Al-Suwaiket's SR 350 million, ... Qatar Telecom ups stake to 60% in Iraq's Asiacell
Qatar Telecom recently agreed to increase its stake in Iraq's Asiacell to 60 percent for USD1.47 billion as it aims to tap ... Dubai, Sharjah ready for summer visitors
Sharjah and Dubai are ready for summer visitors with attractions and various events at different shopping malls across ... Chery posts 42.4% jump in May car exports
Chery Automobile Co. announced that car shipments in May surged 42.4 percent from a year earlier to 20,093 units, reported Xinhua ... Jordan- Merchants pledge not to increase food prices despite rise in power costs
President of the Foodstuff Traders Association Samer Jawabreh on Tuesday stressed that merchants are committed to ... Kuwait- Youth in lift abducts, rapes Filipino woman at knifepoint
Police are looking for an unidentified armed youth wearing dishdasha for raping a Filipina, reports Al-Rai ... UAE- Pilot jailed for trying to kiss girl in elevator
A 29-year-old pilot was sentenced to three months in jail by the Court of First Instance on Tuesday for molesting ... UAE- Three charged with sexually assaulting Indian schoolboy
An Indian vendor stood trial in the Court of First Instance on Tuesday on the charge of sexually assaulting a ... Kuwaiti looses his legs in attempt to escape police
A 34-year-old Kuwaiti who broke his legs in a vain attempt to escape from police has been admitted to the Adan ... | 
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