Oil prices jumped in Asian trading today (January 23) as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.
Abdullah died early on Fri
International Airlines Group reported a 30 per cent jump in third-quarter profit and raised its forecast for the year, in contrast to the British Airways-owner's strike-hit rivals.
IAG's operating profit before exceptional
The Middle East carriers’ passenger demand jumped 10.8 per cent in June, the largest increase for any region, according to the International Air Transport Association's (Iata) June report.
It reflects the continued stren
Abu Dhabi Islamic Bank (ADIB), the largest sharia-compliant lender in the emirate, beat analysts' estimates on Sunday as it posted a 22.5 per cent jump in second-quarter net profit as core business income boo
Qatar Islamic Bank (QIB), the largest sharia-compliant lender in the country by assets, posted a 15 per cent jump in second-quarter net profit on Monday, according to Reuters calculations, beating analysts' expectations.
Top developer Emaar Properties has recorded a full-year net profit of Dh2.57 billion ($699 million) in 2013, up 21 per cent over Dh2.119 billion the previous year led by Dubai’s robust economic growth and surging investor confidence.
Dubai government-owned property developer Nakheel said on Monday that its nine-month net profit jumped 58 per cent year-on-year as the company continued to benefit from the recovery in the emirate's property market.
An Austrian daredevil leapt into the stratosphere from a balloon near the edge of space 24 miles (38 km) above Earth on Sunday and safely landed, setting a record for the highest skydive and breaking the sound barrier in the pr
Qatar's bourse rose for a second day on Wednesday after the Gulf state announced salary and pension hikes of up to 120 per cent for state and military staff, and most regional markets also advanced, buoyed by rebounding world stocks.