Middle East Markets

Sharia-compliant lender plans to target rich Gulf residents with UK ties

Trading in shares suspended after companies failed to report first quarter results on time

Dubai's index hit a 16-month high on March 5, but has since fallen 16.4 percent

In the run-up to Facebook's long-awaited IPO, Arabian Business counts down the most expensive public offerings in corporate history

Brent crude for July was down 36 cents at US$109.39 by 0332 GMT, after slipping to US$109.01

Gold added US$8.29 an ounce to US$1,546.59 by 0250 GMT as the euro regained strength

Yield on emirate's sukuks plummets after football club announced resort plans

Bargain hunters return to Saudi bourse as regional neighbours face more selling pressure

Logistics firm recorded net income of US$25.4m in three months to March 31

Social network is expected to float about 422m shares in Friday's public offering

Further $2-$3 fall is acceptable under current conditions says Fund Manager

Spot gold was off 0.88 percent at US$1,542.60 an ounce by 3:30 EDT

Kuwaiti investment house wants deadline extended from November to June

Regional investors are taking the global risk-off lead on continuing euro zone concerns

Gold hit an intraday low at US$1,552.49 an ounce before rebounding to US$1,553.66 by 0318 GMT

Brent crude slipped 49 cents to US$111.08 a barrel by 0238 GMT after sliding to US$110.04 on Monday

Shares in Dubai builder fell 5.8 percent following uncertainty over Aabar stake

Brent crude fell 46 cents to US$111.80 a barrel by 0300 GMT after settling at US$112.26 on Friday