Economy & Finance

Fed chief's testimony inspires precious metals markets

Financial world watching Greek debt sitation
Ex-CEO wins lawsuit against Nakheel

Awarded $3m in damages by Dubai court
Etisalat profit falls 23.4% to Dh5.84bn

Takes Dh3bn charge against Indian operations
Industrial firms in Jafza increase to 593

Jafza added 34 new industrial companies last year
DFSA CEO to step down in September

Board commences process for identifying new CEO
Dubai 101: Why the emirate’s risk of debt default is below India’s

Dubai’s unique status means that it benefits from both turmoil as well as regional stability
Dh10bn citizens' debt fund signs up banks

6,830 defaulters identified with less than Dh1m in debt
Asia markets rise on Greek debt hopes

Asian markets rose on Wednesday, tracking gains on Wall Street amid growing hopes that Greece will reach a bailout
Saudi business mood recedes in Q1

Fall is due to global downturn and Kingdom’s decision to cut oil output
Rotana to hire 1,000 in 3 months in UAE

Group will tap local talent and also hire from abroad for new properties
Adib provides Dh275m loan to JBF RAK

Abu Dhabi Islamic Bank (Adib) will provide Dh275 million ($75 million) syndicated Islamic financing facility to JBF RAK
Gulf Capital gets Dh500m loan

Gets revolving facility from ADCB for investments
Dolphin Energy eyes $1bn bond

Initial price guidance of 5.75% for 10-year bond
DSI wins QAR125m contract

MEP contract awarded for Qatar Petroleum’s multipurpose complex in Ras Laffan
ADX plans new investment tools

Plan is part of strategy to upgrade bourse and lure in foreign capital
DGCX January volumes jump 95%

Monthly volumes of 475,942 contracts represent value of $19.32bn
UNB Q4 profit falls on provisions

Full-year net profit up 11% to Dh1.5bn; board proposes 15% cash dividend
EFG-Hermes CEO banned from leaving Egypt

Country slaps travel ban on investment bank chief, a close associate of ousted president’s son
Iran defaults on Indian rice deals

Defaults total $144m on 200,000 tonnes of rice
Jafza in talks over $2bn debt

Talks on with DIB, NBAD and StanChart

Videos

Huge baby shocks parents

[video]Almost too big to handle, Chun Chun weighs in at just over seven kilograms or 15 and a half pounds - possibly
'Monster' spotted in Iceland lake

[video]Is this Iceland's legendary river worm? The footage was taken by a local resident and caused a stir when it
Kardashian wants to handle divorce privately

[video]Kim Kardashian is switching things up, and is trying to keep her divorce private. While Kim's entire adult life
The Amazing Spider-Man teaser is out

Sony Pictures teased the latest incarnation of the web-slinging superhero adventure, which doesn't hit US theaters