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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

Middle East begins to rebuild

Dragon Oil agrees £1bn Dubai buy-out

Abu Dhabi aims to shake up school system

Dana seeks to fuel local development

Qatar fund aims to diversify through Asia

Dubai bond sale a move in right direction

Tunisia profits from Europe’s crisis

Nomura benefits from market recovery

Saudis stuck in a jam over public transport

Comment: Abu Dhabi enjoys life in the fast lane

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