Business Blog

Abu Dhabi-based real estate developer Tamouh Investments, which is responsible for developing 60% of the Reem Island’s master plan, signed a working capital facility with Mashreq Bank. The funding aims to ensure sufficient cash flow for Tamouh’s working capital requirements.

Saudi Arabia is among the top 3 countries in the world with the fastest growing Internet Protocol (IP) traffic alongside India and Indonesia, the latest Cisco Visual Networking Index Global Forecast and Service Adoption for 2013 to 2018 revealed.

Zain Saudi Arabia (Zain KSA) announced the signing of network expansion and upgrade agreements worth SAR4.5 billion (USD1.2 billion) with five leading global technology companies at a press conference held in Riyadh on Wednesday.

DUBAI, June 26 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch of their accuracy. INTERNATIONAL/REGIONAL * GLOBAL MARKETS-asian shares up, bonds in demand amid hunt for returns MKTS/GLOB * Brent drops below $114 as worries ease over Iraq supply threat O/R * Gold

Network speed is a significant factor that changes the behavior of mobile broadband users in Saudi Arabia, Ericsson said in its new ConsumerLab report titled "Life in the Fast Lane", which evaluates the usage habits of consumers in the Kingdom.

KUALA LUMPUR, June 26 (Reuters) - Turkish lender Turkiye Finans Katilim Bankasi plans to sell 3 billion ringgit ($932.55 million) of Islamic bonds in Malaysia, according to a filing with the central bank on Thursday. Sukuk under the programme will have a tenure of one to 20 years, and will be sold on a bought-deal basis through book building or private placement. Funds raised will g