Wednesday 4 March 2015
 
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Egypt's Sawiris readies digital revamp for Euronews

Egyptian tycoon Naguib Sawiris is unveiling plans for his majority stake in European broadcaster Euronews - a cash injection which would be used to expand onto digital platforms and better promote the brand. In an unprecedented sh

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Yansab proposes $0.4 per share cash dividend for H2

Saudi Arabia's Yanbu National Petrochemical Co (Yansab) has proposed a cash dividend of SR1.5 ($0.4) per share for the second half of the year, it said in a statement. The figure is lower than the SR2 riyals per share paid in

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UAE desert booms again, but builders face cash crunch

Look at computer models for the Venice-like Arabian Canal proposed for central Dubai, or the plans for the world's biggest shopping mall, and it seems as if the collapse of the UAE real estate market six years ago never happened.

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Egypt will fix economy but don't expect miracles: PM

Egypt's Prime Minister urged the country's citizens not to expect instant results from large-scale infrastructure projects the government has embarked on to create jobs and strengthen the economy. Ibrahim Mehleb faces the monume

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$10,000 stolen from travel agency in Bahrain

Two masked men broke into a travel agency in Bahrain and stole more than BD3,800 ($10,018.5) in cash and cheques. It was the second time in 16 months that the Royal Gulf Travel and Tourism, which represents Syrian Air, has been ro

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$10,000 stolen from travel agency in Bahrain

Two masked men broke into a travel agency in Bahrain and stole more than BD3,800 ($10,018.5) in cash and cheques. It was the second time in 16 months that the Royal Gulf Travel and Tourism, which represents Syrian Air, has been ro

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Cash-flush Gulf banks grab top spots in loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending. &nbs

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NBAD launches liquidity management fund

The National Bank of Abu Dhabi (NBAD) has launched the Cash Plus Fund, a fund designed to offer liquidity, capital preservation and yield enhancement. The NBAD Cash Plus Fund allows investors to benefit from higher rates than conv

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Serbia eyes Gulf cash for $4bn waterfront project

Serbia has unveiled plans to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro ($4.08 billion) scheme that will be funded by cash from Gulf investors. The B

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Royal Jordanian to get $141m cash injection

Royal Jordanian Airlines will receive a cash injection of 100 million dinars ($141 million) this year, which will help the carrier recover from operational losses on its Middle Eastern routes, an executive said on Monday.  

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