COMPANIES
Resources
Principal content
Nomura bets on bridging cultural divide
East meets west in the Japanese investment bank’s reshaped Gulf operation – but can the two different traditions actually work together?
Solar power’s prospects rise in the east
The Arab world is considering life once its oil and gas reserves are used up, and the region’s abundant sunshine seems to be the likeliest source of energy
Egyptian broker to buy investment bank
Pioneers Holding’s all-share purchase of Beltone Financial, the Cairo-based regional investment bank, will create one of the largest financial institutions in the Middle East
Zim bail-out approved by narrow vote
Shareholders in the owner of one of the world’s fastest-growing shipping lines came within a handful of votes of rejecting the plan for the company, voting figures from a meeting show
Iraq oil deal puts pressure on Opec
ExxonMobil and Royal Dutch Shell, the two biggest western oil companies, won the right to develop Iraq’s giant West Qurna oilfield, raising the prospect of a big jump in Iraqi oil supplies
Investment banks breathe again
Clear winners and losers are emerging as business begins to return for financial houses in the Middle East after a year of property crashes and financial upheaval
Dubai signals a rocky recovery
As the economy shows signs of a tentative return to a healthier condition, shares have rallied but remain volatile in one of the Middle East’s most turbulent markets
Saudi Arabia set to reform commercial courts
The kingdom has been slow to modernise its legal system but changes promised for next year should bring more certainty to the course of business in the kingdom
Moody’s downgrades Dubai companies
The credit rating agency has downgraded five Dubai government-related issuers, citing the tighter conditions under which financial support is likely to be extended
Saad chief in fight to have US case dismissed
Maan al Sanea says his rancorous battle with fellow conglomerate Ahab, which has accused him of fraud, has ‘no business’ being heard in New York and should be fought in Saudi Arabia instead
Related content and features
Track this Topic
News alerts
Email - create a keyword alert on the subject of this topic
Email summaries
Email - start your day with daily email briefing on this topic
RSS feeds
RSS - Track this news topic using our feeds
