Top oil exporter Saudi Arabia is expected to raise the official selling price (OSP) for most of its crude grades to Asia in April, including a hike in the OSP for Arab Light to a four-month top, in line with a stronger Dubai market.
Walmart Stores, long criticised for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million US employees this year.
The increase announced by the largest private sector empl
Companies in the Middle East and North Africa (Mena) region have raised $11.5 billion last year, through 27 initial public offerings (IPOs), nearly four times more than the $3 billion in 2013, according to a report.
The Ernst &
Tenmou, Bahrain's first 'Business Angels' company, has announced that 'eat' - an app that allows users to create restaurant reservations online, has raised $300,000 in the second round of funding.
With this add
Dubai Aluminium (Dubal) has held talks with banks about raising a loan to help fund its general operations, the first time the firm has commissioned such a facility in years, three banking sources told Reuters.
While it is a rarit
The success of General Electric's (GE) impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led US economic recover
A Dubai initiative to provide potable water to five million people facing shortages in Asia and Africa has raised nearly $50 million, said a report.
The UAE Water Aid campaign, Suqia, has exceeded its goal as t
Saudi Arabia's Dar Al Arkan Real Estate Development raised $400 million through an Islamic bond, the developer said in a statement on Thursday, with strong demand for the paper helping to reduce the cost at which it borrowed.
Doha Bank is planning to raise additional capital in 2015 as it bolsters its reserves due to high growth rates and potential acquisitions, the chief executive of Qatar's fourth-largest bank by assets said on Wednesday.