• Sultan Qaboos decrees Friday start of weekend

    MUSCAT – Oman will switch to a Friday-Saturday weekend to align its banking and business days with most other nations in the region.

    Currently, Oman and neighboring Saudi Arabia follow a Thursday-Friday weekend. But other countries in the Gulf start …

  • Qatar National Bank’s net profit up 6.7% in Q1

    QNB Group, the leading financial institution in the Middle East and North Africa region, posted a 6.7 percent increase in net profit of QR2.1 billion in the first quarter of 2013 compared to the same period last year, demonstrating QNB …

  • GCC equity capitalization falls in March

    JEDDAH – All bourses in the GCC countries, except ADX and Dubai, gained during the month. Saudi Arabia’s Tadawul index rose 1.8 percent MoM.
    Dubai was the worst performer (down 5.1 percent  MoM) among GCC markets, Oman and Bahrain experienced …

  • Family entertainment centers in malls to boost retail sector


    International Expo Consults (IEC), a division of UAE’s multi-faceted business conglomerate – Falak Holding, said that family entertainment centers (FEC) will play a vital role in supporting the retail sector in the region. IEC is the organizer of DEAL …

  • Zain Group OK’s dividend at KD0.50 par value

    Kuwait-based, regionally operating mobile network giant Zain, in its annual general assembly meeting, approved the board of directors’ recommendation on Sunday to hand out dividends at KD0.50 ($2.28) per share par value, representing 50 percent of the capital value.

    The …

  • Responsible use, disposal of plastic bags necessary

    JEDDAH – Degradable plastic bags are not the answer to the region's littering problem, said Dr. Abdulwahab Sadoun, Secretary General of the Gulf Petrochemicals and Chemicals Association (GPCA).

    This recommendation came on the eve of the three-day GPCA's fourth annual …

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