Business Blog

Barwa Real Estate Company and Labregah Real Estate Company entered into a share sale and purchase agreement regarding the sale of Barwa City.

* World share index hits record high, Japan stocks at 5-month top* Gold near two-month peak after vicious short-covering rally* U.S. bond yields up as Fed seen comfortable with rising inflationBy Patrick GrahamLONDON, June 20 (Reuters) - Global stocks traded just off record highs on Friday, still largely undeterred by a second week of violence in Iraq that has sent oil prices to nine-month highs.B

* FTSEurofirst 300 up 0.1 pct, FTSE 100 up 0.3 pct * Shire up 13 percent as AbbVie confirms rejected bid * Telenor falls as Norway plans stake reduction By Francesco Canepa LONDON, June 20 (Reuters) - A rally in drugmaker Shire helped European bourses...

KUALA LUMPUR, June 20 (Reuters) - PT Bank Internasional Indonesia BNIII.UL (BII), a unit of Malaysia&aposs MaybankMBBM.KL , said on Friday that it will sell 1.8 trillion rupiah ($152.67 million) of bonds and sukuk on June 19 to fund domestic loans.BII will sell 300 billion rupiah of three-year sukuk mudharaba and 1.5 trillion rupiah of seven-year bonds as part of a plan to raise 4 trillion rupiah

LONDON, June 20 (Reuters) - A rally in drugmaker Shire helped European bourses hold onto recent gains on Friday on news the British drugs maker had been the object of a takeover bid from U.S. rival AbbVie. Shares in Shire SHP.L rose 13 percent after...

A new festival, to be launched during Ramadan and Eid, is expected to attract 100,000 local and foreign visitors.