Business Blog

Tuesday, May 20 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. To view the full PDF version of the briefing click here: http://r.reuters.com/hav49vTOP STORIES Oman may use sukuks for rail projectThe Omani government is considering conventional bonds or sukuks as on

In a step to revive the tourism industry, Egypt Air, Egypt's national airline carrier launched for the first time a new direct route to Hurghada from Jeddah, according to Gamal El Gazar, General Manager of Egypt Air, Saudi Arabia.

Preatoni, a European property developer, has set up a subsidiary in Dubai to advance and grow its portfolio in the Middle East markets.

DUBAI, May 20 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares inch down, dollar steadiesMKTS/GLOB* Brent steady above $109 on Libya unrest; U.S. crude stocks seen rising O/R* MIDEAST STOCKS-Dubai in biggest drop in 8 mths, most

DUBAI, May 20 (Reuters) - Here are some factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy.INTERNATIONAL/REGIONAL* GLOBAL MARKETS-Asian shares inch down, dollar steadiesMKTS/GLOB* Brent steady above $109 on Libya unrest; U.S. crude stocks seen rising O/R* MIDEAST STOCKS-Dubai in biggest drop in 8 mths, most

Emirates Reit, the Shariah-compliant regulated real estate investment trust, has acquired the community mall Le Grande which forms part of Trident Grand Residence Tower in Dubai Marina for Dh118.2 million ($32.2m) in cash.