Business Blog

Bahrain-based International Islamic Financial Market has launched a standard contract template for collateralised murabaha transactions.

Lower currency buoys big companies in world’s third-largest economy

The G20 summit closes with pledges from leaders to boost the global economy, after Russian leader Vladimir Putin leaves the summit early.

World’s leading economies commit to liberalisation despite US-EU divisions on strategy

Dubai construction firm Arabtec may come under pressure after missing third-quarter profit estimates, while its smaller competitor Drake and Scull beat analysts' forecasts.

DUBAI, Nov 16 (Reuters) - Dubai&aposs Drake & Scull DSI.DU (DSI) reported a 10 percent drop in third-quarter profit on Sunday, beating analyst estimates as revenue increased.The contractors made a net profit attributable to shareholders of 21.4 million dirhams ($5.83 million) in the three months to Sept. 30, down from 23.8 million dirhams in the year-earlier period, according to a statement to Dub