Business Blog

Kuwait's govt plans to issue KWD2 billion (USD6.6 billion) of Islamic and conventional bonds to help cover budget deficit created by low oil prices.

Oil prices hit one-month lows as prospects of Middle East producers agreeing to curb chronic oversupply faded.

Stock markets in the Gulf may edge down on Monday after oil prices extended their losses, though Egypt may take its cue from upbeat Asian bourses.

Oil prices slipped in early trading on Monday as the chances fell of Middle East producers agreeing to restrain overproduction.

UAE's more diversified economy and the macro-prudential initiatives in real estate and banking regulations since the 2008 global financial crisis will support the solvency profiles of banks, according to rating agency Moody's.

Stock markets in the Gulf pulled back in early trade on Sunday as investors reacted to a 4 percent tumble by oil prices at the end of last week.