EFG Hermes, a leading investment bank in the Arab world, said its net profit for the first quarter surged 27 per cent to EGP98 million ($13.9 million) when compared to the same period last year.
Iran denied on Wednesday any link to members of a spying ring detained by its Sunni Muslim regional rival Saudi Arabia, according to Iranian media.
Brent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in US gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected.
Visitors gather in front of a luminous gaming table featuring a dragon by TCS John Huxley of Britain during the Global Gaming Expo Asia in Macau on May 22.
Etihad Airways, the national carrier of the United Arab Emirates (UAE), has appointed Mansour Al Marzouqi as its new General Manager in Belarus.
Abu Dhabi Commercial Bank will sell $300 million in a subordinated bond on Wednesday, according to the deal arranger, just over two months after its last debt markets outing.
Standard Chartered Bank’s MasterCard Titanium Credit Card won the “Best New Credit Card in the Middle East” award during the Cards Middle East Forum 2013, a statement said.
Turkey has shut its side of the last border crossing with Syria still controlled by President Bashar al-Assad's government, stepping up security following two deadly bombings this month.
Brocade, a leading network solutions provider, has appointed networking veteran Dr Cherif Sleiman to the position of country manager in Saudi Arabia, as part of its business expansion in the Middle East.