Business Blog

Worries over Ukraine, Chinese economy weigh on European shares

* Euro STOXX, Euro STOXX 50 both down 0.4 pct * Weak Chinese data weighs, Wall St fuels late recovery * Ukraine violence hurts sentiment, hits Wincor Nixdorf * London market closed for public holiday, trading thin By Francesco Canepa LONDON, May 5...
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US STOCKS SNAPSHOT-Wall St opens lower on China, Ukraine worry

NEW YORK, May 5 (Reuters) - U.S. stocks fell at the open on Monday on concern China's economy is continuing to lose momentum and as pro-Russian separatists ambushed Ukrainian forces, escalating a conflict that has kept global markets on tenterhooks...
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Bahrain's Ahli United Bank first-quarter net profit falls

Ahli United Bank's AUBB.BH first-quarter profit fell 56 percent compared with the same quarter last year when the bank benefited from a one-off gain from the proceeds of a disposal.

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Bahrain's Ahli United Bank first-quarter net profit falls

Ahli United Bank's AUBB.BH first-quarter profit fell 56 percent compared with the same quarter last year when the bank benefited from a one-off gain from the proceeds of a disposal.

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© Zawya.com

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Bank Muscat extends baituna home finance for Mabelah projects

Bank Muscat, the flagship financial services provider in the Sultanate, and Omani Home Real Estate Development company signed a memorandum of understanding (MoU) to provide attractive baituna home finance for Al Mabelah Residence and Bait Yousif Building projects.

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Private equity revives as regional markets reopen

As Dubai freight-forwarding firm Able Logistics Group began preparing early this year to go public, it conducted a leveraged recapitalisation, taking on fresh bank debt so it could pay a cash dividend to shareholders.

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