| Moody's downgrades ratings of 28 Spanish banks
Moody's Investors Service stated that it lowered ratings for 28 Spanish banks and 2 issuer ratings due to their links to the ... Egypt- Mursi faces difficult economic agenda
Egypt's new president, Muhammad Mursi, could take some pleasure in seeing the Egyptian Stock Exchange rise in the days ... Fitch lowers Cyprus ratings to BB+
US Fitch stated that it has lowered ratings of Cyprus to BB+ from BBB-, sending the country's credit ratings into junk territory, ... Qatar- QNB Group to Borrow $ 1.5 Billion
QNB Group has announced that it has mandated Bank of Tokyo-Mitsubishi UFJ, Ltd., Deutsche Bank A.G., HSBC Bank ... Saudi- SABIC, Exxon to proceed with elastomers project in Jubail
Saudi Basic Industries Corporation and affiliates of ExxonMobil announced yesterday they will construct a ... Microsoft to spend USD1.2b to acquire Yammer
Microsoft Corp confirmed that it will pay USD1.2 billion in cash to acquire Yammer Inc, the online social network company, ... Abu Dhabi okays new power plant
Abu Dhabi has okayed the construction of a 1500 megawatt power plant in Mirfa on build own and operate basis, to ... Dubai non-oil trade up 6.6%
Dubai's non-oil foreign trade has seen a significant growth of 6.6 per cent in the first quarter of 2012, ... Samsung launches world's thinnest notebook in UAE
Samsung Electronics on Monday launched the world's thinnest notebook in the UAE and said the company expects ... Jordan- Fuel expenses of gov't vehicles 'exceed JD12.6m' by end of May
Fuel expenses of government vehicles exceeded JD12.6 million in the first five months of this year, according to ... UAE- Global crisis hits Adia's long-term returns in 2011
Abu Dhabi Investment Authority, or Adia, which is one of the biggest sovereign wealth funds, said its long-term ... Saudi Tadawul continues to decline
The Tadawul All-Share Index set out positively yesterday but suddenly changed its direction toward south, ... Saudi- Wa'ed, Sadara in deal
The Saudi Aramco Entrepreneurship Center Company concluded an agreement with Sadara Chemical Company to ... Kuwait- GOIC predict GCC industrial investment to be around USD trln by ''20
> The Gulf Organization for Industrial Consulting Sunday anticipated Gulf industrial investment ... UAE corporates' net profits surge
The net profit of UAE corporates surged 11.5 per cent to $3.01 billion in the first quarter as the total net ... Liberals needn't fear President Mursi
The build-up to Sunday's announcement as to the winner of the presidential elections was a televised cliffhanger that ... Saudi- Beware of CLEVER CHEK TD-4232!
The Saudi Food and Drug Authority issued a stern warning yesterday against the use of a smuggled blood glucose ... How will Turks respond to Assad?
There is a degree of confusion at the reluctance of Ankara to react in any way to the Assad regime bringing down a ... UAE- Jobless man accused of raping woman he loved
A 24-year-old man allegedly raped a woman after kidnapping her with the use of a knife, a court heard on ... Kuwait- Bid to remove clothes
Police are looking for three 'tomboys' for harassing an unidentified young Kuwaiti woman, reports Al-Rai ... | 
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