Stock markets in the Middle East diverged to an unusual degree on Sunday, with Saudi Arabia and Egypt falling close to multi-year lows while other major Gulf bourses edged up.
Qatar-based United Development Company has reported a net profit of QR732.8 million ($201 million) for 2015, up eight per cent over QR676.3 million ($186 million) the year before.
A huge fire on Sunday engulfed the venue of a cultural event in Mumbai that was being held at the opening of a "Make in India" week launched by Prime Minister Narendra Modi to drum up foreign investment.
Abu Dhabi-listed Etisalat reported a 2.7 per cent increase in fourth-quarter net profit on Sunday, according to Reuters calculations.
Seeking to ease tightening liquidity in the banking system, Saudi Arabia's central bank has raised the ratio of deposits which commercial banks can lend out to 90 percent from 85 percent, industry sources said on Sunday.
US President Barack Obama discussed the Syria crisis with Russian leader Vladimir Putin by telephone, including the importance of rushing humanitarian aid to that country and containing air strikes, the White House said on Sunday.
The Dubai Health Authority (DHA) has announced that its hospitals and specialty centres received more than one million patients in 2015.
Dubai Electricity and Water Authority (Dewa) said it aims to make Dubai a smart, integrated and connected city with high-tech energy and water infrastructure ahead of Expo 2020.
Investcorp, a leading provider and manager of alternative investment products, today hosted a conference in Grand Hyatt Muscat to discuss investment opportunities that can support the sustainable growth of family businesses in the Gulf.