Washington: The US government’s lawsuit against S&P paints a picture of a company that misled investors knowingly, more concerned about making money than about accurate ratings. It says S&P delayed updating its ratings models, rushed through the ratings process and was fully aware that the subprime market was flailing even as it gave high m
Dubai: Dubai’s DFM index extended its gains to close 0.22 per cent to 1,868.74 points on Tuesday. Among the gainers, CBD rose 11.48 per cent to close at Dh3.40, followed by Aman by 4.24 per cent to Dh1.23 and Depa by 1.52 per cent to $0.334. Shares in Dubai Islamic Bank rose 0.45 per cent to Dh2.22 after the lender’s quarterly profit beats estim
Dubai: According to a Railways Company executive, there is about $38 billion (Dh139.76 billion) worth of potential returns for investors over the next 20 years in rail-related projects in the country.
The executive quoted was speaking at the Middle East Rail conference, which kicked off yesterday in Dubai. Out of a total 200 rail
Cairo: Egypt’s foreign reserves fell to $13.6 billion at the end of January from $15.01 billion the previous month, the central bank said on Tuesday, despite a mid-month currency deposit by Qatar to support the ailing economy.
The central bank adopted currency controls to try to stem a fall in reserves, which have tumbled from $36 billion before
Dubai: Qatar will finance its $35 billion rail projects through government funding as it floats and awards a number of rail project tenders this year, a top official at Qatar Railways Company said.
The Qatari Ministry of Finance will fund the rail projects, with the 130-kilometre Doha Metro on track to open by October 2019, said Sa’ad Al Mohannadi,
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