Japan leads losses for most Asia markets

Qatar banks record big asset gains
Benefitting from Qatar’s large public spending programme on the back of higher energy prices and increased gas production, local banks have seen huge asset gains with a 20% compounded annual growth r

Petrochemicals sector given lively reception at hotels in Fujairah
Fujairah's hotels are experiencing an increase in meetings and events boosted by the developing petrochemicals sector.

The emirate is the world's second-largest ship refuelling hub and ho

UAE currency houses will be subject to new Central Bank rules
New legislation designed to tighten the regulation of money exchange houses is planned by the Central Bank following the closure of two such companies for breaking industry rules.

The Cen

Standard and Poor''s Reaffirms Nakilat Rating with Stable Outlook
Qatar Gas Transport Company Ltd. (Nakilat) announced that the rating agency Standard and Poor’s has reaffirmed Nakilat Inc’s “AA-” rating with a stable outlook.

Private Placement Transaction with IFC
We refer to our earlier disclosure on the above subject dated February 20, 2013 and would like to inform the market that the private placement of shares with IFC and IFC Capitalization Fund is comple