An explosion rocked the commodities port of Umm Qasr in Iraq. Two workers said the port of Umm Qasr was hit by a blast. A major commodities port located near Basra, Umm Qasr is also one of the largest in Iraq.
Middle East
Oman Development Bank looks into opening of Islamic window
Oman Development Bank said it would consider opening an Islamic window to provide financial services to small and medium-sized companies.
Bank of Sharjah refinances with USD 200 million loan
The Bank of Sharjah said it had signed a loan refinancing facility worth USD 200 million with five lenders.
Serbia government possibly opens Telekom for sale
Serbia's government posts on the possibility of selling Telekom Srbija AD. Serbia is not closing its doors in the possibility of selling its main telecommunications provider Telekom Srbija AD followed by the expression of interest of two main companies namely The Dogus Group Of Turkey and Sabanci Group.
Billionaire Frost to list Opko Health, Inc. in Tel Aviv Stock Exchange
Miami-based drug developer Opko Health, Inc. will enlist in Tel Aviv Stock Exchange to acquire Israeli drugmaker, Prolor Biotech, Inc.
Latest News
Political unrest in Egypt affected both small-scale and large scale business. Observers fear it would get even worse.
Alkhabeer Capital said it would put more investments in the Gulf region and seek listing in the local bourse.
Two sources told Reuters that Barclays was mulling the sale of its UAE retail banking operations. Two sources told Reuters that Barclays is considering a sale of its retail banking business in the United Arab Emirates (UAE).
Mivan, the Northern Ireland-based specialist contractor, clinched deals totaling GBP 20 million from its clients in London and Saudi Arabia.
Siemens announced a USD 966.8 million order from Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia.
Israeli-based cyber security company ThetaRay bagged a substantial investment from General Electric (GE) reported to be worth "several million dollars."
After fearing US sanctions, Pakistan decided to ask Iran's government to finance a USD8.1 billion gas pipeline project.
King Abdullah bin Abdul Aziz of Saudi Arabia launched mega investments to create jobs. King Abdullah bin Abdul Aziz of Saudi Arabia launched different development projects amounting to SR327 billion or US$81 billion on Thursday.
Leo Leiderman removed himself from the race for the new governor of the Bank of Israel. Leonardo Leiderman removed himself from the list of possible candidates to become the new head of Bank of Israel.
